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The Economic Times

Business

Fly-Hi Maritime Travels to hit IPO waters with Rs 52.6 crore BSE SME issue on Tuesday

Travel and logistics company Fly-Hi Maritime Travels will launch its Rs 52.6-crore SME initial public offering (IPO) on September 1, seeking funds to fuel its operations and power its next phase of growth.

The fixed-price issue set at Rs 102 per share, will be open for subscription on Tuesday till Thursday and comprises a fresh issue of 41.60 lakh shares and an offer-for-sale of 9.99 lakh shares, aggregating to about Rs 52.63 crore, a company statement said.

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