Fly-Hi Maritime, Farm Peace SME shares to list today: Here's what GMP suggests ahead of listing

Shares of SME companies Fly-Hi Maritime and Farm Peace are set to debut on the BSE SME platform today, September 8. The Fly-Hi Maritime IPO was subscribed 2.12 times, while the Farm Peace IPO was subscribed 1.16 times.

The Fly-Hi Maritime IPO is currently commanding a grey market premium (GMP) of around Rs 1, or 1% of its issue price of Rs 102, suggesting a largely flat listing if the grey-market trend holds.

Fly-Hi Maritime IPO

The Fly-Hi Maritime IPO was a Rs 52.63 crore fixed-price issue comprising a fresh issue and an offer for sale. The fresh issue consisted of 41.60 lakh shares worth Rs 42.44 crore, while the offer for sale comprised 10 lakh shares aggregating to Rs 10.20 crore.


Fly-Hi Maritime IPO was subscribed 2.12 times overall. The issue saw 3.66 times subscription in the retail investor category, while the NII category recorded 58% subscription.

The IPO opened for subscription on September 1, 2026, and closed on September 3. The company's shares are scheduled to list on the BSE SME platform on September 8. Fly-Hi Maritime had fixed the IPO price at Rs 102 per share, with a lot size of 1,200 shares.

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

The company plans to use the net proceeds from the fresh issue primarily to strengthen its working capital position. Of the proceeds, Rs 24.24 crore has been earmarked for working capital requirements, while Rs 4 crore will be used for the repayment or partial pre-payment of borrowings.

Another Rs 1.80 crore has been allocated towards business marketing and development activities, while Rs 6.37 crore is proposed to be used for general corporate purposes. The company expects issue expenses to amount to approximately Rs 6.03 crore.

In the grey market, the Fly-Hi Maritime IPO GMP stands at Rs 1, representing a premium of around 1% over the issue price of Rs 102. Based on the latest GMP, the estimated listing price is around Rs 103 per share. However, GMP is an unofficial indicator and does not guarantee the actual listing price. The stock's debut could vary depending on prevailing market conditions, demand and investor sentiment.

Farm Peace IPO: Fresh issue of Rs 32 crore

The Farm Peace IPO was entirely a fresh issue, through which the company aimed to raise Rs 32 crore by issuing 54.24 lakh shares.

Farm Peace IPO was subscribed 1.16 times overall. The public issue received 59% subscription from individual investors, while the NII category was subscribed 1.73 times.

The bidding period for the IPO ran from September 1 to September 3, 2026, and the company's shares are scheduled to list on the BSE SME platform today.

Farm Peace had fixed the IPO price at Rs 59 per share, with a lot size of 2,000 shares. Retail investors were required to apply for a minimum of two lots, equivalent to 4,000 shares, involving an investment of Rs 2.36 lakh.

Socradamus Capital Pvt. Ltd. acted as the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. was the registrar.

Farm Peace plans to deploy the net proceeds from the IPO towards its business requirements. The company has earmarked Rs 23 crore for funding incremental working capital requirements. A further Rs 4.80 crore is proposed for general corporate purposes, while approximately Rs 4.20 crore will be allocated towards issue expenses.

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