Fly-Hi Maritime shares to list on BSE SME platform on September 8 after being subscribed 2.12 times
Fly-Hi Maritime and Farm Peace are set to debut on the Bombay Stock Exchange SME platform today. Fly-Hi Maritime had an IPO subscription of 2.12 times at a fixed price.
Shares of two small and medium enterprise companies, Fly-Hi Maritime and Farm Peace, are scheduled to debut on the BSE SME platform today, September 8. The IPO for Fly-Hi Maritime was subscribed 2.12 times overall. This figure included a subscription of 3.66 times from retail investors and 58% participation from non-institutional individual investors. Farm Peace had an IPO subscription rate of 1.16 times.
Fly-Hi Maritime conducted a fixed-price issue priced at Rs 102 per share. The total issue size was Rs 52.63 crore, consisting of 41.60 lakh fresh shares and 10 lakh shares offered for sale to existing shareholders. Corporate Makers Capital Ltd acted as the book-running lead manager, while Kfin Technologies Ltd served as registrar.
The IPO window opened on September 1, 2026, and closed on September 3. The company plans to deploy net proceeds primarily to strengthen its working capital position. A specific Rs 24.24 crore portion of the funds is earmarked for working capital requirements. An additional Rs 4 crore is designated for other purposes.
