Fly-Hi Maritime Travels Ltd.
SMEBSE₹102
TBA
2400 Shares
₹ 2,44,800
₹5
Financial Summary
| Particulars | FY 2024-25 | FY 2023-24 |
|---|---|---|
| 4,539.5 | 4,508.05 | |
| 35.06 | 32.66 | |
| 4,574.56 | 4,540.71 | |
| 3,996.75 | 4,232.18 | |
| 471.5 | 253.47 | |
| 344.34 | 182.14 |
Subscription Details
IPO Timeline
IPO Offer Start
1 Sept 2026
IPO Offer Ends
3 Sept 2026
TBA
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Funding Working Capital Requirements of our Company | 242.372 |
| 2 | Repayment and/or pre-payment, in part, of borrowing availed by our Company | 40 |
| 3 | Towards Talent Acquisition for Business Marketing and Development activities | 18 |
| 4 | General Corporate Purposes | 63.654 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
80.00%
Promoter stake
Post-IPO
49.48%
Promoter stake
Offered to Public
51,60,000
shares
Post Share Capital
70,16,360
shares
About the Company
Our company manages end to end travel arrangements for crew of commercial shipping companies, ensuring that the crew members move seamlessly from their home country to the port of boarding. We manage their airline tickets, ground travel, hotel stay, visa application etc until they reach the desired port of boarding. Every movement of the crew members directly impacts the vessel schedules, compliances and operations. Our role is to absorb this complexity on behalf of shipping companies by planning and making end to end travel arrangements for the crew members and by offering them 24/7 support during their travel from their home country to the port of boarding. Modern shipping fleets operate with crew of mixed nationalities and therefore each crew member has to have a tailor made travel itinerary to ensure their arrival to the port of boarding as per the desired time and schedule. We work with commercial shipping companies to move their crew from more than 7 countries to the port of boarding, we have commercial shipping companies as our customers from more than 6 countries.
Use of Proceeds
1. Funding Working Capital Requirements of our Company;2. Repayment and/or pre-payment, in part, of borrowing availed by our Company;3. Towards Business Marketing and Development activities;4. To meet out the General Corporate Purposes.