FlySBS Aviation IPO Review

FlySBS Aviation pioneering in the space of fulfilling the dream of owning the private jet aircraft, giving their customers the choice to experience the wide variety of Private Jets of their choice while paying only for the hours they need. FlySBS Aviation is driven by experienced Industry Professionals and professionals with cross-functional experience with a vision to become the No.1 Private Jet Chartering Company in India.

The company is led by an experienced management team, including promoters Capt. Deepak Parasuraman, Kannan Ramakrishnan, and Ambashankar, who have been with the company since inception. Capt. Parasuraman, with 26+ years in aviation, and Ramakrishnan, with over two decades in retail and luxury automobiles, also lead Afcom Holdings Ltd, an international air cargo company. CEO Ambashankar brings strong expertise in sales, marketing, and client relations. The Board combines executive and independent members with strengths in marketing, finance, and governance.

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 19,538.38 Lakh, ₹ 10,672.11 Lakh and ₹ 3,468.25 Lakh. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 4,141.22 Lakh, ₹ 1,498.86 Lakh and ₹ 522.83 Lakh. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 2,840.61 Lakh, ₹ 1,124.92 Lakh and ₹ 344.06 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 25.47 and post-issue EPS of ₹ 16.42 for FY24. The pre-issue P/E ratio is 8.83x, while the post-issue P/E ratio is 13.71x. The company's ROCE for FY24 is 41.80%, ROE for FY24 is 32.25% and RoNW is 32.25%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of FlySBS Aviation showing listing gains of 45.77 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the FlySBS Aviation Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.