Comparison between Flysbs Aviation IPO and Kiaasa Retail IPO.
Flysbs Aviation IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Kiaasa Retail IPO is a SME Bookbuilding proposed to list at BSE SME.
| Flysbs Aviation IPO | Kiaasa Retail IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | Expert Global Consultants Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Prabhat Financial Services Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Flysbs Aviation IPO is up to ₹97.36 Cr whereas the issue size of the Kiaasa Retail IPO is up to ₹66.24 Cr. The final issue price of Flysbs Aviation IPO is ₹225.00 per share and of Kiaasa Retail IPO is ₹127.00 per share.
| Flysbs Aviation IPO | Kiaasa Retail IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹210.00 per share | ₹121.00 per share |
| Issue Price (Upper) | ₹225.00 per share | ₹127.00 per share |
| Issue Price (Final) | ₹225.00 per share | ₹127.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 600 shares | 1000 shares |
| Fresh Issue Size | 43,27,200 shares | 52,16,000 shares |
| Fresh Issue Size (Amount) | up to ₹97.36 Cr | up to ₹66.24 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 43,27,200 shares | 52,16,000 shares |
| Issue Size Total (Amount) | up to ₹97.36 Cr | up to ₹66.24 Cr |
Flysbs Aviation IPO opens on Aug 01, 2025, while Kiaasa Retail IPO opens on Feb 23, 2026. The closing date of Flysbs Aviation IPO and Kiaasa Retail IPO is Aug 05, 2025, and Feb 25, 2026, respectively.
| Flysbs Aviation IPO | Kiaasa Retail IPO | |
|---|---|---|
| Anchor Bid Date | Jul 31, 2025 | Feb 20, 2026 |
| Issue Open | Aug 01, 2025 | Feb 23, 2026 |
| Issue Close | Aug 05, 2025 | Feb 25, 2026 |
| Basis Of Allotment (Tentative) | Aug 06, 2025 | Feb 26, 2026 |
| Initiation of Refunds (Tentative) | Aug 07, 2025 | Feb 27, 2026 |
| Credit of Share (Tentative) | Aug 07, 2025 | Feb 27, 2026 |
| Listing date (Tentative) | Aug 08, 2025 | Mar 02, 2026 |
| Anchor Lockin End date 1 | Sep 04, 2025 | Mar 28, 2026 |
| Anchor Lockin End date 2 | Nov 03, 2025 | May 27, 2026 |
Flysbs Aviation IPO P/E ratio is 10.1, as compared to Kiaasa Retail IPO P/E ratio of 19.31.
| Flysbs Aviation IPO | Kiaasa Retail IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Flysbs Aviation Ltd.'s revenue increased by 83% and profit after tax (PAT) rose by 153% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 44.08 | 71.84 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 32.47 | 50.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 10.1 | 19.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹389.33 Cr. | ₹231.51 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 32.25% | 42.36% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 41.80% | 20.34% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.14 | 0.70 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹22.28 | ₹6.58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 32.25% | 20.60% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Flysbs Aviation IPO Retail Individual Investors (RII) are offered 15,15,600 shares while in Kiaasa Retail IPO retail investors are offered 15,15,600 shares. Qualified Institutional Buyers (QIB) are offered 8,65,800 shares in Flysbs Aviation IPO and 52,000 shares in Kiaasa Retail IPO.
| Flysbs Aviation IPO | Kiaasa Retail IPO | |
|---|---|---|
| Anchor Investor Reservation | 12,96,000 shares | 0 shares |
| Market Maker Reservation | 2,29,800 shares | 2,75,000 shares |
| QIB | 8,65,800 shares | 52,000 shares |
| NII | 6,49,800 shares | 20,87,000 shares |
| RII | 15,15,600 shares | 30,76,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 43,27,200 shares | 52,15,000 shares |
Flysbs Aviation IPO subscribed 318.68x in total, whereas Kiaasa Retail IPO subscribed 2.05x.
| Flysbs Aviation IPO | Kiaasa Retail IPO | |
|---|---|---|
| QIB (times) | 191.93x | 14.98x |
| NII (times) | 563.64x | 1.16x |
| Big NII (times) | 683.93x | 1.29x |
| Small NII (times) | 323.07x | 0.90x |
| RII (times) | 286.06x | 2.43x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 318.68x | 2.05x |
