Fly-Hi Maritime, Farm Peace IPOs open today: Check price, lot size, GMP and key dates

The SME IPO segment is set for fresh action today as Fly-Hi Maritime and Farm Peace IPOs open for subscription on the BSE SME platform. Both public issues will remain open for bidding for three days, from September 1 to September 3, 2026. Investor sentiment in the grey market, however, appears mixed.

While the Fly-Hi Maritime IPO is commanding a 5% grey market premium (GMP), pointing to a modest premium listing, the Farm Peace IPO is currently trading at zero GMP, indicating expectations of a flat debut.

Fly-Hi Maritime IPO: Issue Size, Price and Key Details

The Fly-Hi Maritime IPO is a Rs 52.63 crore fixed-price issue comprising both a fresh issue and an offer for sale. The fresh issue consists of 41.60 lakh shares worth Rs 42.44 crore, while the offer for sale comprises 10.00 lakh shares aggregating to Rs 10.20 crore.


The IPO opens for subscription on September 1, 2026, and will close on September 3, 2026. The basis of allotment is expected to be finalised on September 4, while the shares are tentatively scheduled to make their BSE SME debut on September 8, 2026.

Fly-Hi Maritime has fixed the issue price at Rs 102 per share, with a lot size of 1,200 shares. For retail investors, the minimum application requirement is 2 lots, or 2,400 shares, translating into a minimum investment of Rs 2,44,800 at the issue price. For HNI investors, the minimum application is 3 lots, or 3,600 shares, requiring an investment of Rs 3,67,200.

Corporate Makers Capital Ltd. is the book-running lead manager for the issue, while Kfin Technologies Ltd. is acting as the registrar.

Fly-Hi Maritime plans to deploy the net proceeds from the fresh issue primarily to strengthen its working capital position. The company has earmarked Rs 24.24 crore for funding working capital requirements and Rs 4 crore for repayment or pre-payment, in part, of its borrowings. Another Rs 1.80 crore has been allocated toward business marketing and development activities, while Rs 6.37 crore is proposed for general corporate purposes. The company expects issue expenses to account for approximately Rs 6.03 crore.

In the grey market, the Fly-Hi Maritime IPO GMP stands at Rs 5, representing a premium of around 5% over the upper issue price of Rs 102. Based on the latest GMP, the estimated listing price is around Rs 107 per share. However, GMP is an unofficial indicator and actual listing performance can differ depending on market conditions and investor demand.

Farm Peace IPO: Fresh Issue of Rs 32 Crore

The Farm Peace IPO is also opening for subscription today and is entirely a fresh issue. The company plans to raise Rs 32 crore through the issue by issuing 54.24 lakh shares. The IPO bidding window will remain open from September 1 through September 3, 2026. The allotment is expected to be finalised on September 4, with the company's shares scheduled for a tentative listing on the BSE SME platform on September 8, 2026.

Farm Peace has fixed the IPO price at Rs 59 per share, with a lot size of 2,000 shares. Retail investors will need to apply for at least 2 lots, or 4,000 shares, requiring an investment of Rs 2,36,000. HNI investors will have to bid for a minimum of 3 lots, or 6,000 shares, involving an investment of Rs 3,54,000.

Socradamus Capital Pvt. Ltd. is the book-running lead manager for the Farm Peace IPO, while Bigshare Services Pvt. Ltd. is the registrar.

Farm Peace intends to use the entire net proceeds from the issue for business requirements. The largest allocation, Rs 23 crore, has been earmarked for funding incremental working capital requirements. The company plans to use another Rs 4.80 crore for general corporate purposes, while approximately Rs 4.20 crore will go toward meeting issue expenses.

Unlike Fly-Hi Maritime, the Farm Peace IPO is currently commanding a GMP of zero in the grey market. At the issue price of Rs 59 per share, this translates into an estimated listing price of around Rs 59, suggesting a potentially flat listing if the current grey-market trend holds. As with all GMP indications, investors should note that the grey market is unofficial and does not guarantee the actual listing price.

With both IPOs opening on the same day and sharing the September 3 closing date and September 8 tentative listing date, investors will be watching subscription numbers closely to gauge demand. The contrasting grey-market trends also make these two SME offerings particularly interesting to track over the three-day bidding window.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)