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Fly-Hi Maritime Travels Ltd
MiscellaneousIPOSME
₹102 - 102
Incorporated in 2021, Fly-Hi Maritime Travels Limited operates as an accredited marine mobility coordinator managing end-to-end multi-leg transit, visa clearances, and port-of-boarding transfers for commercial shipping crews globally. The company synchronizes flights, lodging, and dynamic vessel port schedules to absorb transit disruption risks for commercial fleets across major international maritime routes.
Lot1,200Min Invest₹2,44,800Face Value₹5Issue Size₹53 CrFresh Issue₹42 CrOffer for Sale₹10 Cr
Timeline
1 Sept
Bidding opens
3 Sept
Bidding closes
4 Sept
Allotment
7 Sept
Refund & demat credit
8 Sept
Listing
Subscription
Final subscription awaited
Reports
Offer Details
Terms
Issue Size₹53 Cr0.52 Cr shares
Fresh Issue₹42 Cr
Offer for Sale₹10 Cr
Face Value₹5
Lot Size1,200 shares
ReservationNII 50% · RETAIL 50%
Application Sizes
Retail₹2,44,8001-1 lots
sNII₹2,44,800from 2 lots
bNII₹11,01,600from 9 lots
Managers & Registrar
Lead ManagerCorporate Makers Capital Limited
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrJitendra Kumar NegiPRMTR9,99,60010.20Total9,99,60010.20
Shareholding
CategoryPre IPOPost IPOPromoter Group80%49.48%Public20%50.52%
Objects of the Issue
- Funding Working Capital Requirements of the Company
- Repayment and/or pre-payment, in part, of borrowing availed by its Company
- Towards Talent Acquisition for Business Marketing and Development activities
- General Corporate Purposes
Anchor Book
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 48 | 45 | 45 | 62 |
| Operating ProfitCr | 6 | 3 | 5 | 13 |
| OPM% | 12.3 | 6.1 | 12.0 | 20.6 |
| PBTCr | 6 | 3 | 5 | 11 |
| PATCr | 4 | 2 | 3 | 8 |
| EPS | 4,331 | 1,821 | 3 | 8 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 5 |
| ReservesCr | 4 | 6 | 10 | 13 |
| BorrowingsCr | 3 | 5 | 10 | 13 |
| Total AssetsCr | 14 | 16 | 23 | 38 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 3 | 0 | 1 | -1 |
| Investing Cash FlowCr | 0 | -1 | -5 | -1 |
| Financing Cash FlowCr | 0 | 0 | 5 | 2 |
| Net Cash FlowCr | 3 | 0 | 1 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Proven Track Record.
- Experienced Management.
- Establish Relationship with Customers.
- Skilled and hardworking force.
- Distributor for better customer servicing.
- Business operations in outside India.
Strategies · as stated in the DRHP
- Appointing Distributors.
- Digital Tools for Efficient Operations.
- Onboarding Customers from Different Industry Segment.
- Expanding in International Markets.
Risks · as stated in the DRHP
- The company derives a significant portion of revenue from markets outside India and any adverse developments in such markets or policies could adversely affect its business and results of operations.
- The company has executed agreements with its large clients. If the company's customers choose not to source their requirements from it, or the company is unable to procure new orders on a regular basis or at all, this may adversely affect its business, financial condition, results of operations and cash flows.
- The Company's operations requires significant amount of working capital for a continuing growth. Its inability to meet the company's working capital requirements may adversely affect its results of operations.
- The Company has delayed in complying with certain statutory provisions under various laws. Such delayed compliance/lapses may attract certain penalties.
- There are certain discrepancies and non-compliances pertaining to GST, TDS, TCS, EPF and ESI noticed in some of the company's financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.
- The company requires working capital for its smooth day-to-day operations of business and any discontinuance or its inability to acquire adequate working capital timely and on favourable terms may have an adverse effect on the company's operations, profitability and growth prospects.