Comparison between Flysbs Aviation IPO and True Colors IPO.
Flysbs Aviation IPO is a SME Bookbuilding IPO proposed to list at NSE SME while True Colors IPO is a SME Bookbuilding proposed to list at BSE SME.
| Flysbs Aviation IPO | True Colors 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. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | 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 True Colors IPO is up to ₹121.54 Cr. The final issue price of Flysbs Aviation IPO is ₹225.00 per share and of True Colors IPO is ₹191.00 per share.
| Flysbs Aviation IPO | True Colors IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹210.00 per share | ₹181.00 per share |
| Issue Price (Upper) | ₹225.00 per share | ₹191.00 per share |
| Issue Price (Final) | ₹225.00 per share | ₹191.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 600 shares | 600 shares |
| Fresh Issue Size | 43,27,200 shares | 53,63,600 shares |
| Fresh Issue Size (Amount) | up to ₹97.36 Cr | up to ₹102.44 Cr |
| OFS Issue Size | 0 shares | 10,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹19.10 Cr |
| Issue Size Total | 43,27,200 shares | 63,63,600 shares |
| Issue Size Total (Amount) | up to ₹97.36 Cr | up to ₹121.54 Cr |
Flysbs Aviation IPO opens on Aug 01, 2025, while True Colors IPO opens on Sep 23, 2025. The closing date of Flysbs Aviation IPO and True Colors IPO is Aug 05, 2025, and Sep 25, 2025, respectively.
| Flysbs Aviation IPO | True Colors IPO | |
|---|---|---|
| Anchor Bid Date | Jul 31, 2025 | Sep 22, 2025 |
| Issue Open | Aug 01, 2025 | Sep 23, 2025 |
| Issue Close | Aug 05, 2025 | Sep 25, 2025 |
| Basis Of Allotment (Tentative) | Aug 06, 2025 | Sep 26, 2025 |
| Initiation of Refunds (Tentative) | Aug 07, 2025 | Sep 29, 2025 |
| Credit of Share (Tentative) | Aug 07, 2025 | Sep 29, 2025 |
| Listing date (Tentative) | Aug 08, 2025 | Sep 30, 2025 |
| Anchor Lockin End date 1 | Sep 04, 2025 | Oct 25, 2025 |
| Anchor Lockin End date 2 | Nov 03, 2025 | Dec 24, 2025 |
Flysbs Aviation IPO P/E ratio is 10.1, as compared to True Colors IPO P/E ratio of 14.66.
| Flysbs Aviation IPO | True Colors 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)True Colors Ltd.'s revenue increased by 45% and profit after tax (PAT) rose by 199% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 44.08 | 94.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 32.47 | 68.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 10.1 | 14.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹389.33 Cr. | ₹470.90 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 32.25% | 70.49% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 41.80% | 35.94% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.14 | 0.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹22.28 | ₹13.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 32.25% | 44.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Flysbs Aviation IPO Retail Individual Investors (RII) are offered 15,15,600 shares while in True Colors IPO retail investors are offered 15,15,600 shares. Qualified Institutional Buyers (QIB) are offered 8,65,800 shares in Flysbs Aviation IPO and 12,70,800 shares in True Colors IPO.
| Flysbs Aviation IPO | True Colors IPO | |
|---|---|---|
| Anchor Investor Reservation | 12,96,000 shares | 19,05,600 shares |
| Market Maker Reservation | 2,29,800 shares | 3,36,000 shares |
| QIB | 8,65,800 shares | 12,70,800 shares |
| NII | 6,49,800 shares | 9,57,600 shares |
| RII | 15,15,600 shares | 22,29,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 43,27,200 shares | 63,63,600 shares |
Flysbs Aviation IPO subscribed 318.68x in total, whereas True Colors IPO subscribed 45.46x.
| Flysbs Aviation IPO | True Colors IPO | |
|---|---|---|
| QIB (times) | 191.93x | 43.41x |
| NII (times) | 563.64x | 50.58x |
| Big NII (times) | 683.93x | 55.05x |
| Small NII (times) | 323.07x | 41.65x |
| RII (times) | 286.06x | 44.42x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 318.68x | 45.46x |
