Flysbs Aviation IPO
Open SmeCurrent GMP
₹240 (+106.67%)
Price Band
₹ 210 – 225
Lot Size
600
Issue Size
₹102.53 Cr
Minimum Investment
₹270000 (1200 Shares)
Listing Date
08 August 2025
Subscription
318.82x
About the Company
Established on August 7, 2020, FlySBS Aviation Limited, formerly known as FlySBS Aviation Private Limited, is an Indian aviation company specializing in private jet services. The company is headquartered in Chennai, Tamil Nadu, and operates under the legal jurisdiction of India.
Core Business:
- Specializes in private, non-scheduled air charter services within India and internationally
- Serves a high-end clientele including entrepreneurs, corporate executives, politicians, diplomats, celebrities, and VIPs
Service Highlights:
- Offers luxury charter flights with tailored schedules, privacy, premium amenities, and strict security protocols
- Addresses needs like medical emergencies, urgent business travel, multi-destination trips, and routes not covered by commercial airlines
- Operates across domestic and international routes, flying clients to destinations on six continents, including Japan, the Middle East, Europe, North America, Africa, and New Zealand
Fleet & Operations:
- Initially operated under wet lease/quasi charter models
- Currently uses a dry lease model, operating a 13-seater Embraer Legacy 600 aircraft
- Total flying hours have increased over time:
- FY 2025: 2,600 hours (1,812 international)
- FY 2024: 1,486 hours (1,166 international)
- FY 2023: 522 hours (375 international)
Client Base:
- Majority clients are mid to large corporations and ultra/high-net-worth individuals
- Revenue distribution:
- FY 2025: 94.48% from corporate clients; 5.52% from UHNWIs/HNWIs
- FY 2024: 94.74% corporate; 5.26% UHNWIs/HNWIs
- FY 2023: 86.98% corporate; 13.02% UHNWIs/HNWIs
Programs & Services:
- Offers various membership and chartering options:
- Je’time Program (subscription model)
- Flexjet Program (for moderate flying hours)
- Long-term charters and frequent flyer memberships
Geographic Presence:
- Active in major Indian cities: Chennai, Delhi, Mumbai, Bengaluru, Hyderabad, Coimbatore, and Kerala
Competitive Strengths:
- Experienced management with deep industry expertise
- Operates in a high-entry barrier segment
- Own fleet and robust operational capabilities
- Backed by Afcom Holdings Limited (group company)
- Strong focus on maintenance, client customization, and operational excellence
Promoters
- Ambashankar
- Capt. Deepak Parasuraman
- Kannan Ramakrishnan
- Bastimal Kishanraj
- Shreshtha Business Solutions LLP
Promoters Holding
Holding Pre Issue
44.08%
Holding Post Issue
32.47%
Objects of the Issue
The Company Flysbs Aviation IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Funding capital expenditure towards acquisition of six new aircraft on long term dry lease basis
- Repayment/prepayment, in full or part, certain outstanding borrowings availed by the company
- General Corporate Purposes
Address / Contact Info
Flysbs Aviation Limited
Plot no. 16 (NP), 3rd Floor, Indiqube Palmyra
SIDCO Industrial Estate, Ekkatuthangal,
Guindy Industrial Estate
Chennai, Tamil Nadu, 600032
Phone: +91-44 2260 4444
Email: corporate@sbsaviation.in
Website: https://sbsaviation.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 01 August 2025
IPO Close Date
Tuesday, 05 August 2025
Basis of Allotment
Wednesday, 06 August 2025
Initiation of Refunds
Thursday, 07 August 2025
Credit of Shares to Demat
Thursday, 07 August 2025
Listing Date
Friday, 08 August 2025 — NSE & BSE
Important Dates
Open Date
01 August 2025
Close Date
05 August 2025
Basis Of Allotment
06 August 2025
Listing Date
08 August 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 191.84 | 77.15 | 20.12 |
| Revenue | 195.38 | 106.72 | 34.68 |
| Profit After Tax | 28.41 | 11.25 | 3.44 |
| Net Worth | 128.85 | 47.32 | 11.33 |
| Reserve & Surplus | 137.63 | 63.23 | 9.57 |
| Total Borrowings | 17.93 | 2.56 | 3.36 |
EPS Pre
22.28%
EPS Post
16.42%
P/E Pre
10.10
P/E (Post Issue)
13.71x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 32.25 | 38.35 | 45.02 |
| ROCE % | 41.8 | 45.58 | 45 |
| Debt / Equity | 0.14 | 0.05 | 0.3 |
| RoNW % | 32.25 | 38.35 | 45.02 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 14.54 | 10.54 | 9.92 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 865800 | 28.56 | 0 |
| Non-Institutional | 649800 | 21.44 | 0 |
| BNII | 433200 | 14.29 | 0 |
| SNII | 216600 | 7.15 | 0 |
| Retail Investors | 1515600 | 50 | 0 |
| Total | 3031200 | 100 | 0 |
Subscription Status ( Tue, 05 Aug 25 01:53 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 865800 | 166176000 | 191.93x |
| Non-Institutional | 649800 | 366505200 | 564.03x |
| BNII | 433200 | 296506800 | 684.46x |
| SNII | 216600 | 69998400 | 323.17x |
| Retail Investors | 1515600 | 433734000 | 286.18x |
| Total | 3031200 | 966415200 | 318.82x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | 270,000.00 |
| Retail (Max) | 2 | 1,200 | 270,000.00 |
| S-HNI (Min) | 3 | 1,800 | 405,000.00 |
| S-HNI (Max) | 7 | 4,200 | 945,000.00 |
| B-HNI (Min) | 8 | 4,800 | 1,080,000.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Vivro Financial Services Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Flysbs Aviation IPO is a Book-building IPO worth ₹102.53 crores. The price band is ₹210 to 225 per share. The IPO opens on Fri, Aug 1, 2025 and closes on Tue, Aug 5, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Flysbs Aviation IPO opens on Fri, Aug 1, 2025 and closes on Tue, Aug 5, 2025
Flysbs Aviation IPO Price Band is ₹210 to 225.
Flysbs Aviation IPO lot size is 600, and the minimum amount required for application is ₹270000.
The minimum investment for Flysbs Aviation IPO is approximately ₹270000 based on the upper price band.
To apply for the Flysbs Aviation IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Aug 5, 2025. After submission, funds are blocked until the basis of allotment of Flysbs Aviation IPO is finalised.
Flysbs Aviation IPO issue size is ₹102.53 crores.
Flysbs Aviation IPO allotment date is Sat, Jun 27, 2026.
The registrar for Flysbs Aviation IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Flysbs Aviation IPO through their official website or helpline.
The Flysbs Aviation IPO GMP (Grey Market Premium) is ₹240 as of Fri, Aug 8, 2025. Based on the upper price band of ₹225 per share, the estimated Flysbs Aviation IPO listing price is ₹465, indicating a potential listing gain of approximately 31% over the issue price.