← All IPOs

Fly-Hi Maritime IPO Dates

SMEListed
FLYHI · · NSE SME

Updated · GMP, subscription and listing data refresh through the day.

Fly-Hi Maritime IPO Details

RegistrarKfin Technologies Ltd.
Lead managersCorporate Makers Capital Ltd
Offer documentDraft (DRHP)
Fresh issue₹42.44 Cr
Offer for sale₹10.19 Cr
Market cap at the offer₹144.64 Cr

Market capitalisation is the post-issue share count in the offer document’s capital structure (1,41,80,400 shares) multiplied by the upper end of the price band, ₹102. It is arithmetic on those two filed figures, not a valuation.

Fly-Hi Maritime Financials ₹ in crore

Revenue CAGR+17.0%2024 → 2026 · 2 yrs
Profit CAGR+115.2%2024 → 2026 · 2 yrs
Expenses CAGR+8.9%2024 → 2026 · 2 yrs
Total assets CAGR+51.8%2024 → 2026 · 2 yrs
00%255%5010%7515%10020%202420252026
₹ crore202420252026
Revenue₹45.41₹45.75₹62.21
Expenses₹42.87₹41.03₹50.85
Net profit (PAT)₹1.82₹3.44₹8.43
PAT margin4.0%7.5%13.6%
Total assets₹16.47₹23₹37.94

Fly-Hi Maritime Shareholding before & after the IPO

Before the IPO
Pre-issue · RHP capital structure
80%
Promoter
After the IPO
Post-issue · as disclosed in the RHP
49.48%
Promoter
Promoter & promoter groupafter the IPO
Holding49.48%
Shares70,16,360
Through the IPO-30.52% · exiting

The founding owners and their group entities.

The post-issue ring is the register this issue’s RHP discloses. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.

Fly-Hi Maritime IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹102
Individual investor (min)minimum application2,400₹2,44,800

The minimum application is 2,400 shares, ₹2,44,800 at the ₹102 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.

Fly-Hi Maritime IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (7)
The company has experienced management with over 14 years of experience in the commercial shipping industry.
The company has marquee customers who are multi-billion dollar companies and have been established for decades.
The company has a diverse customer base from over 6 countries, which helps mitigate risks from political unrest or natural disasters.
The company benefits from a recurring revenue stream due to the consistently growing demand for crew in the commercial shipping industry.
The company has a skilled and hardworking workforce that provides top-notch service quality.
The company has appointed a distributor in UAE to better service international customers and expand its reach.
The company operates in India, offering a cost advantage due to lower manpower costs and overheads.
▼ Risk factors (7)
The company derives a significant portion of its revenue from markets outside India, making it vulnerable to adverse developments in those markets or policies.
The company is dependent on a limited number of customers, and the loss of any key customer could significantly affect revenues.
The company's operations require significant working capital, and an inability to meet these requirements could adversely affect results.
The company operates in a highly competitive and fragmented industry and may be unable to compete successfully against existing or new competitors.
The company's business depends on its relationships with third-party vendors, and adverse changes in these relationships could adversely affect operations.
The company is exposed to risks arising from exchange rate fluctuations, which may not be fully passed on to clients, potentially leading to losses.
Any deterioration in the quality of customer experience may adversely affect the business and reputation.

Fly-Hi Maritime IPO Dates timeline · IST

Issue opens
Tue, 01 Sept, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Thu, 03 Sept, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Fri, 04 Sept, 2026
By Kfin Technologies; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Mon, 07 Sept, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Tue, 08 Sept, 2026
NSE SME · trading from 10:00 am IST

Exchange bidding runs 10:00 am – 5:00 pm IST on each day of the issue; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids earlier. Allotment, refund and credit dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them.

How to check Fly-Hi Maritime IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Fly-Hi Maritime, the registrar is Kfin Technologies Ltd. — allotment is finalised in the days between the issue closing on 03 Sept 2026 and listing on 08 Sept 2026.

RegistrarKfin Technologies Ltd.
You will needPAN, application number or demat ID
Issue closes03 Sept 2026
Listing date08 Sept 2026

The registrar publishes allotment on its own portal: KFintech. Your bank will also show the blocked amount released if shares were not allotted.

Fly-Hi Maritime IPO Dates FAQs

When does Fly-Hi Maritime IPO open and close?

Bidding for the Fly-Hi Maritime IPO opens on 1 September 2026 and closes on 3 September 2026. Exchange bidding runs from 10:00 am to 5:00 pm IST on each day; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids somewhat earlier.

What is the Fly-Hi Maritime IPO listing date?

The shares are scheduled to list on 8 September 2026 on NSE SME. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.

How do I apply for Fly-Hi Maritime IPO?

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 1 September 2026 and 3 September 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹102); a UPI mandate must be approved by 5:00 pm on the closing day.

What is the last date to apply for Fly-Hi Maritime IPO?

3 September 2026 is the last day of bidding. Allotment is then expected on 4 September 2026, refunds and demat credit on 7 September 2026, and listing on 8 September 2026 — tentative until confirmed.

Fly-Hi Maritime IPO Registrar where allotment and refund queries go

RegistrarKfin Technologies Ltd.

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the Fly-Hi Maritime IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. SME issues take a minimum application of two lots, so the smallest valid bid is the amount shown in the lot table above.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (03 Sept 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, Kfin Technologies Ltd., not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹1 on a ₹102 upper band means the grey market is dealing at ₹103.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.