<p data-path-to-node="3"><b data-path-to-node="3" data-index-in-node="0">MUMBAI</b> — Specialised marine travel management and crew transit logistics provider Fly-Hi Maritime Travels Limited has officially launched its <b data-path-to-node="3" data-index-in-node="142">₹52.63-crore initial public offering (IPO)</b> for public bidding today, September 1, 2026, marking its proposed debut on the BSE SME platform.</p><p data-path-to-node="4">The public issue is structured as a fixed-price offering at <b data-path-to-node="4" data-index-in-node="60">₹102 per equity share</b> (face value ₹5 each) and will remain open for investor subscription through Thursday, September 3, 2026.</p><h6 data-path-to-node="6"><b>Capital Mobilisation Architecture and Issue Structure</b></h6><p data-path-to-node="7">The SME public issue comprises a combination of fresh equity issuance and an offer for sale (OFS) by promoters:</p><ul data-path-to-node="8"><li><p data-path-to-node="8,0,0"><b data-path-to-node="8,0,0" data-index-in-node="0">Total Gross Issue Size:</b> Up to ₹52.63 crore (51,60,000 equity shares).</p></li><li><p data-path-to-node="8,1,0"><b data-path-to-node="8,1,0" data-index-in-node="0">Fresh Equity Issue:</b> ₹42.44 crore (41,60,400 equity shares) dedicated directly to business expansion, working capital, and technology.</p></li><li><p data-path-to-node="8,2,0"><b data-path-to-node="8,2,0" data-index-in-node="0">Offer for Sale (OFS):</b> ₹10.19 crore (9,99,600 equity shares) offloaded by the promoter group.</p></li><li><p data-path-to-node="8,3,0"><b data-path-to-node="8,3,0" data-index-in-node="0">Lot Size &amp; Investment Threshold:</b> 1,200 equity shares per lot (requiring a minimum application threshold of ₹2,44,800 for retail bidders for 2 lots / 2,400 shares).</p></li><li><p data-path-to-node="8,4,0"><b data-path-to-node="8,4,0" data-index-in-node="0">Issue Allocation:</b> 50% reserved for Non-Institutional Investors (NIIs/HNIs) and 50% for Retail Individual Investors (RIIs), after accounting for the statutory market-maker reservation.</p></li><li><p data-path-to-node="8,5,0"><b data-path-to-node="8,5,0" data-index-in-node="0">Listing Roadmap:</b> Basis of allotment is scheduled for September 4, 2026, with tentative listing on the BSE SME board slated for <b data-path-to-node="8,5,0" data-index-in-node="127">September 8, 2026</b>. KFin Technologies serves as the Registrar, and Corporate Makers Capital is the Lead Manager.</p></li></ul><h6 data-path-to-node="10"><b>Strategic Deployment of Fresh Issue Proceeds</b></h6><p data-path-to-node="11">According to statutory regulatory filings, the company has outlined a clear allocation framework for the ₹42.44 crore raised via the fresh issue:</p><ol start="1" data-path-to-node="12"><li><p data-path-to-node="12,0,0"><b data-path-to-node="12,0,0" data-index-in-node="0">Working Capital Augmentation (₹24.24 Crore):</b> The majority of net proceeds will be deployed into operational liquidity, allowing Fly-Hi Maritime to scale its ticketing inventory, extend corporate credit lines to global ship management conglomerates, and secure preferential corporate airfare blocks with international airlines.</p></li><li><p data-path-to-node="12,1,0"><b data-path-to-node="12,1,0" data-index-in-node="0">Debt Prepayment and Retirement (₹4.00 Crore):</b> Dedicated toward the partial or full repayment of short-term borrowings, lowering financial leverage and annual debt-servicing costs.</p></li><li><p data-path-to-node="12,2,0"><b data-path-to-node="12,2,0" data-index-in-node="0">Marketing, Global Sourcing &amp; Business Development (₹1.80 Crore):</b> Expanding client acquisition networks across key maritime hubs in Southeast Asia, Europe, and the Middle East.</p></li><li><p data-path-to-node="12,3,0"><b data-path-to-node="12,3,0" data-index-in-node="0">General Corporate Purposes &amp; Issue Expenses:</b> The remaining balance will support ongoing software enhancements, automated immigration tracking integrations, and issue management expenses.</p></li></ol><h6 data-path-to-node="14"><b>Operational Footprint and Business Model</b></h6><p data-path-to-node="15">Originally incorporated in September 2021, Fly-Hi Maritime Travels operates an asset-light, centralized marine travel logistics model headquartered in Mumbai, supported by an international distribution network in Dubai, UAE.</p><p data-path-to-node="16">The IATA-accredited firm provides end-to-end travel and crew-change logistics for commercial shipping lines, ship management operators, and crewing agencies globally. Its turnkey solutions include:</p><ul data-path-to-node="17"><li><p data-path-to-node="17,0,0"><b data-path-to-node="17,0,0" data-index-in-node="0">Multi-Segment Air Travel Coordination:</b> Booking and rerouting dynamic marine-fare airline tickets linked to complex, shifting vessel itineraries.</p></li><li><p data-path-to-node="17,1,0"><b data-path-to-node="17,1,0" data-index-in-node="0">Last-Mile Crew Transit &amp; Hospitality:</b> Managing port-side ground transportation, shore-based hotel accommodations, and emergency airport-to-quay transfers.</p></li><li><p data-path-to-node="17,2,0"><b data-path-to-node="17,2,0" data-index-in-node="0">Immigration &amp; Biometric Clearance:</b> Facilitating fast-track consular visa applications, OK-to-board verifications, and port state immigration documentation.</p></li></ul><h6 data-path-to-node="19"><b>Financial Trajectory and Market Outlook</b></h6><p data-path-to-node="20">Fly-Hi Maritime Travels has posted robust top-line and bottom-line expansion:</p><ul data-path-to-node="21"><li><p data-path-to-node="21,0,0"><b data-path-to-node="21,0,0" data-index-in-node="0">FY26 Operational Performance:</b> The company reported total revenue of <b data-path-to-node="21,0,0" data-index-in-node="68">₹62.21 crore</b> in FY26 (up 36% from ₹45.75 crore in FY25), while Profit After Tax (PAT) surged 145% to <b data-path-to-node="21,0,0" data-index-in-node="169">₹8.43 crore</b> (up from ₹3.44 crore in FY25).</p></li><li><p data-path-to-node="21,1,0"><b data-path-to-node="21,1,0" data-index-in-node="0">EBITDA &amp; Net Worth:</b> Operating EBITDA rose to <b data-path-to-node="21,1,0" data-index-in-node="45">₹12.49 crore</b> with net worth expanding to <b data-path-to-node="21,1,0" data-index-in-node="86">₹17.96 crore</b> as of March 31, 2026.</p></li></ul><p data-path-to-node="22">As commercial vessel operators navigate complex route diversions around geopolitical chokepoints and adhere to strict maritime labour rotation timelines, specialized crew-change logistics providers are seeing sustained demand. Analysts observe that Fly-Hi Maritime's capital raise will strengthen its capability to manage time-critical, high-volume seafarer transfers across global maritime corridors.</p>