FlySBS Aviation Limited, a company redefining private jet ownership in India, is launching its Initial Public Offering (IPO) on August 1, 2025. This book-built issue aims to raise ₹102.93 crore entirely through a fresh issue of 45.75 lakh equity shares. The issue closes on August 5, 2025, and the company will be listed on the NSE SME platform with a tentative listing date of August 8, 2025.

About FlySBS Aviation

FlySBS Aviation is pioneering a pay-per-use private jet model, allowing customers to fly in a wide variety of premium jets without the burdens of full ownership. The firm is built on the strong foundation of industry veterans and cross-functional professionals with a clear vision: to become the No. 1 private jet chartering company in India.

The founders, including Capt. Deepak Parasuraman, Kannan Ramakrishnan, and Ambashankar, have decades of experience in aviation, luxury automobiles, and cargo services. The firm leverages their leadership to deliver a premium flying experience and is expanding its fleet to meet increasing demand.

IPO Details

• IPO Type: Book Built Issue

• Issue Size: ₹102.93 Crores

• Fresh Issue: 45.75 Lakh Shares

• Price Band: ₹210 to ₹225 per share

• Face Value: ₹10

• Lot Size: 600 shares

• Minimum Investment (Retail): 2 lots = 1,200 shares = ₹2,70,000

• Market Capitalisation at ₹225/share: ₹389.73 Crores

• IPO Opens: August 1, 2025

• IPO Closes: August 5, 2025

• Allotment Date: August 6, 2025

• Tentative Listing Date: August 8, 2025

• Exchange: NSE SME

IPO Lead Manager, Registrar, and Market Maker

• Lead Manager: Vivro Financial Services Private Limited

• Registrar: MUFG Intime India Private Limited

• Market Maker: Giriraj Stock Broking Private Limited

Grey Market Premium (GMP) – Updated July 29, 2025

The Grey Market Premium of FlySBS Aviation IPO is reported at ₹103, indicating an expected listing price of ₹328 (a premium of 45.77% over the upper price band).

Disclaimer: Grey market trading is unofficial and speculative. It does not guarantee actual listing gains and should be interpreted with caution.

IPO Objectives

The net proceeds from the FlySBS Aviation IPO will be used for the following purposes:

1. ₹8,047.24 Lakh for funding capital expenditure to acquire six pre-owned aircraft on long-term dry lease.

2. ₹727.60 Lakh for repayment/prepayment of certain existing borrowings.

3. Remaining for general corporate purposes.

Financial Performance

FlySBS Aviation has shown remarkable growth in recent years:

This upward trend in revenue, profitability, and margins underlines the company’s solid foundation and scalable business model.

Key Financial Ratios (FY24)

• Pre-Issue EPS: ₹25.47

• Post-Issue EPS: ₹16.40

• Pre-Issue P/E: 8.83x

• Post-Issue P/E: 13.72x

• ROCE: 41.80%

• ROE: 32.25%

• RoNW: 32.25%

These metrics suggest a fairly priced IPO with strong profitability and return ratios, making it an attractive proposition for investors.

How to Check IPO Allotment Status

Investors can check their FlySBS Aviation IPO Allotment Status on or after August 6, 2025, through the registrar’s website using the following steps:

1. Go to the IPO allotment status page of MUFG Intime India Pvt Ltd.

2. Select FlySBS Aviation Limited IPO from the dropdown.

3. Enter your application number, PAN, or DP Client ID.

4. Click Submit to view your allotment status.

Subscription and Investor Response

The IPO opens on August 1, 2025, and live subscription data will be available in real-time throughout the subscription period. Based on GMP trends and strong fundamentals, investor sentiment appears highly favorable.

Expert Review and Recommendation

With a unique business model, strong growth in revenue and profitability, and premium positioning in the private aviation space, FlySBS Aviation presents a compelling investment opportunity. The valuation is reasonable considering the industry, and the GMP of ₹103 reflects strong expected listing gains.

Recommendation: ✅ Apply for listing gains and long-term growth potential.

Disclaimer

The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as the sole basis for any investment decision. The views are general and do not consider individual risk profiles. Investors are advised to consult a professional financial advisor before making investment decisions.

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2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.”

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The Upcoming IPOs in this week and coming weeks are BLT Logistics, Bhadora Industries, Highway Infrastructure, Flysbs Aviation, Parth Electricals & Engineering, Jyoti Global Plast, Cash Ur Drive Marketing, Renol Polychem, Jyoti Global Plast, Jyoti Global Plast.

The Current active IPO are B.D. Industries (Pune), NSDL, Takyon Networks, Mehul Colours, M&B Engineering, Sri Lotus Developers & Realty, Aditya Infotech, Lakshmi India Finance, Kaytex Fabrics, Umiya Mobile, Repono.

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