FlySBS Aviation, a leading name in India's private jet charter industry, is preparing to launch its Initial Public Offering (IPO) on August 1, 2025, with a focus on making luxury air travel more accessible through its flexible, hourly rental model. The IPO, which will be listed on the NSE SME platform, is a Book Built Issue aiming to raise ₹102.93 Crores entirely through a Fresh Issue of 45.75 lakh shares.

The company is gaining attention in the market for being a pioneer in democratizing private jet ownership, offering customers an opportunity to fly luxury aircraft without the long-term cost of owning one. With a strong GMP (Grey Market Premium) of ₹103 as of July 29, investor interest appears robust.

IPO Details and Timelines

• IPO Opening Date: August 1, 2025

• IPO Closing Date: August 5, 2025

• Allotment Date: August 6, 2025

• Tentative Listing Date: August 8, 2025

• Listing Platform: NSE SME

• Price Band: ₹210 – ₹225 per equity share

• Lot Size: 600 shares

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

• Market Capitalization at Upper Price Band: ₹389.33 Crores

Vivro Financial Services Pvt Ltd serves as the Book Running Lead Manager (BRLM), while MUFG Intime India Pvt Ltd is the Registrar to the Issue. Giriraj Stock Broking Pvt Ltd has been appointed the Market Maker for this IPO.

GMP Trend & Investor Sentiment

The Grey Market Premium (GMP) for FlySBS Aviation IPO as of July 29, 2025, is ₹103, implying an expected listing price of ₹328 against the upper price band of ₹225. This translates to a potential listing gain of 45.77%, making it an attractive proposition for short-term investors targeting listing gains.

It’s important to remember that GMP is unofficial and unregulated, reflecting only speculative sentiment in the unorganized market. While it provides early insights into demand, it should not be used as a sole metric for investment decisions.

Company Background

FlySBS Aviation is on a mission to transform how India experiences private aviation. By offering access to a wide variety of luxury jets on an hourly rental basis, they eliminate the burden of ownership while delivering exclusivity. Their fleet management and client service are driven by industry veterans.

Promoters include:

• Capt. Deepak Parasuraman (26+ years in aviation)

• Kannan Ramakrishnan (20+ years in luxury retail & auto)

• Ambashankar (CEO with deep sales & marketing expertise)

These leaders also have stakes in Afcom Holdings Ltd, an international cargo player, adding further credibility to their vision and operations.

Objectives of the IPO

The net proceeds from the IPO are intended for the following purposes:

1. ₹8,047.24 Lakhs to fund capital expenditure for acquiring 6 pre-owned aircraft on a dry lease basis.

2. ₹727.60 Lakhs for repayment/prepayment of certain borrowings.

3. Remaining funds for General Corporate Purposes.

Financial Performance Snapshot

FlySBS Aviation has shown steady revenue and profit growth over the last three fiscal years:

Additional metrics indicating operational strength:

• Pre-Issue EPS: ₹25.47

• Post-Issue EPS: ₹16.42

• Pre-Issue P/E Ratio: 8.83x

• Post-Issue P/E Ratio: 13.71x

• ROCE (FY24): 41.80%

• ROE (FY24): 32.25%

• RoNW: 32.25%

These figures suggest the IPO is fairly priced, especially considering the company's growth trajectory and sector leadership.

IPO Subscription Guide

Investors can apply for FlySBS Aviation IPO via ASBA (Applications Supported by Blocked Amount) using their bank or through broker platforms like Zerodha, Upstox, etc. Post-subscription, the allotment status can be checked by:

1. Visiting the Registrar Website (MUFG Intime India Pvt Ltd).

2. Selecting FlySBS Aviation Limited IPO from the dropdown.

3. Entering Application Number / PAN / DP Client ID.

4. Clicking Submit to view allotment details.

IPO Review and Recommendation

With a strong financial record, well-defined objectives, robust management, and a GMP of ₹103, FlySBS Aviation IPO is being closely watched by institutional and retail investors alike.

The company is carving out a unique niche in India's luxury aviation sector, and the high GMP indicates positive investor sentiment. Based on performance and reasonable valuation metrics, we recommend investors to apply for FlySBS Aviation IPO for listing gains as well as long-term potential.

Disclaimer

The above review is strictly for informational and educational purposes and not investment advice. Please conduct your own research and consult with a SEBI-registered advisor before making any investment. IPO investments are subject to market risk. Past performance is not indicative of future results.

The Upcoming IPOs in this week and coming weeks are BLT Logistics, Bhadora Industries, Highway Infrastructure, Flysbs Aviation, Parth Electricals & Engineering, Jyoti Global Plast, Essex Marine, Aaradhya Disposal Industries.

The Current active IPO are Cash Ur Drive Marketing, Renol Polychem, B.D. Industries (Pune), NSDL, Takyon Networks, Mehul Colours, M&B Engineering, Sri Lotus Developers & Realty, Aditya Infotech, Lakshmi India Finance, Kaytex Fabrics.

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