Flysbs Aviation IPO
GMP, Subscription, Price, Dates & Financial Details
Airlines
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…
Open Date
Fri, 01 Aug 2025
Close Date
Tue, 05 Aug 2025
Price Band
₹ 210 – 225
Lot Size
600
Issue Size
₹ 102.53 Cr
Minimum Investment
₹ 270,000 (1200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Flysbs Aviation IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹102.53 Crore, comprising a fresh issue of 45.57 Lakh equity shares aggregating to ₹102.53 Crore.
The Flysbs Aviation IPO remained open for subscription from August 01, 2025, to August 05, 2025. The basis of allotment was finalized on August 06, 2025, and the company's shares were listed on NSE SME Platform on August 08, 2025.
The company had fixed the price band at ₹210 to ₹225 per share, with a lot size of 600 shares. Retail investors were required to make a minimum investment of ₹270,000 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Vivro Financial Services Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Flysbs Aviation Ltd is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Flysbs Aviation IPO Timeline (Tentative)
- IPO Open Date
- Fri, 01 Aug 25
- IPO Close Date
- Tue, 05 Aug 25
- Basis of Allotment
- Wed, 06 Aug 25
- Initiation of Refunds
- Thu, 07 Aug 25
- Credit of Shares to Demat
- Thu, 07 Aug 25
- Listing Date
- Fri, 08 Aug 25 — NSE & BSE
Open Date
01 August 2025
Close Date
05 August 2025
Basis Of Allotment
06 August 2025
Listing Date
08 August 2025
IPO Subscription
Check Live Subscription →The Flysbs Aviation IPO has received bids for 96,64,15,200 shares against 30,31,200 shares offered, resulting in an overall subscription of 318.82x. the NII category is subscribed 564.03x, Retail Investors 286.18x, and QIBs 191.93x. Within the NII category, BNII is subscribed 684.46x, while SNII is subscribed 323.17x.
QIB
191.93x
NII
564.03x
BNII
684.46x
SNII
323.17x
RII
286.18x
Total
318.82x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 15,15,600 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 8,65,800 shares (28.56%), while Non-Institutional Investors (NIIs) receive 6,49,800 shares (21.44%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 865,800 | 28.56% |
| Non-Institutional | 649,800 | 21.44% |
| BNII | 433,200 | 14.29% |
| SNII | 216,600 | 7.15% |
| Retail Investors | 1,515,600 | 50% |
| Total | 3,031,200 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Flysbs Aviation Ltd KPI Information
| 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 |
| Pat Margin % | 14.54 | 10.54 | 9.92 |
Peers Comparison
No Peer Comparision Available
About Flysbs Aviation Ltd
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
Flysbs Aviation IPO 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%
Flysbs Aviation IPO Objective
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
Flysbs Aviation Ltd Address / Contact Details
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
Flysbs Aviation IPO Lot Size
The Flysbs Aviation IPO has a lot size of 600 shares. Retail investors require a minimum investment of ₹2,70,000 by applying for 2 lot (1,200 shares). The maximum application allowed for the retail category is 2 lots (1,200 shares), requiring an investment of ₹2,70,000.
| 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 |
Issue Reservation
- QIB — 28.56%
- NII — 21.44%
- RII — 50%
Book Running Lead Managers
- Vivro Financial Services Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Flysbs Aviation IPO?
Flysbs Aviation IPO is a Book-building IPO with a total issue size of ₹102.53 crore. The Flysbs Aviation IPO price band is ₹210 to 225 per share. The Flysbs Aviation IPO subscription opens on Fri, Aug 1, 2025, and closes on Tue, Aug 5, 2025. The Flysbs Aviation IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the Flysbs Aviation IPO.
When will the Flysbs Aviation IPO open for subscription?
The Flysbs Aviation IPO opens on Fri, Aug 1, 2025 and closes on Tue, Aug 5, 2025
What is Flysbs Aviation IPO Price Band?
Flysbs Aviation IPO Price Band is ₹210 to 225 per share.
What is Flysbs Aviation IPO Lot Size?
Flysbs Aviation IPO lot size is 600 shares, Retail investors need a minimum investment of ₹270000 based on the upper price band
What is the minimum investment for Flysbs Aviation IPO?
The minimum investment for Flysbs Aviation IPO is ₹270000, based on one lot of 600 shares at the upper price band of ₹225 per share.
How to apply for Flysbs Aviation IPO?
Investors can apply for the Flysbs Aviation IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Aug 5, 2025. The application amount remains blocked until the Flysbs Aviation IPO allotment is finalized.
What is Flysbs Aviation IPO Issue Size?
Flysbs Aviation IPO issue size is ₹102.53 crores.
What is the Flysbs Aviation IPO Allotment Date?
Flysbs Aviation IPO allotment date is Wed, Aug 6, 2025.
Who is the Flysbs Aviation IPO Registrar?
The registrar for Flysbs Aviation IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Flysbs Aviation IPO allotment status, refund processing, and other IPO-related information.
What is the Flysbs Aviation IPO GMP?
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 106.67% over the issue price.
Who is the Flysbs Aviation IPO Lead Manager?
The book-running lead managers (BRLMs) for the Flysbs Aviation IPO are Vivro Financial Services Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Flysbs Aviation IPO Red Herring Prospectus (RHP).