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Flysbs Aviation IPO vs True Colors IPO

Comparison between Flysbs Aviation IPO and True Colors IPO.

IPO Details

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 IPOTrue Colors IPO
LogoFlysbs Aviation IPO LogoTrue Colors IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersVivro Financial Services Pvt.Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

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 ₹0.00 Cr. The final issue price of Flysbs Aviation IPO is ₹225.00 per share and of True Colors IPO is .

 Flysbs Aviation IPOTrue Colors IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹210.00 per share
Issue Price (Upper)₹225.00 per share
Issue Price (Final)₹225.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size600 shares
Fresh Issue Size43,27,200 shares57,00,000 shares
Fresh Issue Size (Amount)up to ₹97.36 Crup to ₹0.00 Cr
OFS Issue Size0 shares10,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total43,27,200 shares67,00,000 shares
Issue Size Total (Amount)up to ₹97.36 Crup to ₹0.00 Cr

IPO Timetable

Flysbs Aviation IPO opens on Aug 01, 2025, while True Colors IPO opens on . The closing date of Flysbs Aviation IPO and True Colors IPO is Aug 05, 2025, and , respectively.

 Flysbs Aviation IPOTrue Colors IPO
Anchor Bid DateJul 31, 2025
Issue OpenAug 01, 2025
Issue CloseAug 05, 2025
Basis Of Allotment (Tentative)Aug 06, 2025
Initiation of Refunds (Tentative)Aug 07, 2025
Credit of Share (Tentative)Aug 07, 2025
Listing date (Tentative)Aug 08, 2025
Anchor Lockin End date 1Sep 04, 2025
Anchor Lockin End date 2Nov 03, 2025

Financials & KPIs

Flysbs Aviation IPO P/E ratio is 10.1, as compared to True Colors IPO P/E ratio of .

 Flysbs Aviation IPOTrue Colors IPO
Financials

Flysbs Aviation Ltd. Financial Information (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.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets191.8477.1520.12
Total Income195.38106.7234.68
Profit After Tax28.4111.253.44
EBITDA41.4114.995.23
Net Worth128.8547.3211.33
Reserves and Surplus137.6363.239.57
Total Borrowing17.932.563.36
Amount in ₹ Crore

True Colors Ltd. Financial Information (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.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets154.97105.9145.53
Total Income234.05160.9180.94
Profit After Tax24.698.253.92
EBITDA40.9114.505.67
Net Worth55.4514.616.37
Reserves and Surplus36.5014.145.90
Total Borrowing47.5156.5620.04
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)44.0894.99
Promoter Shareholding (Post-Issue)32.47
P/E Ratio10.1
Market Cap₹389.33 Cr.
ROE32.25%70.49%
ROCE41.80%35.94%
Debt/Equity0.140.86
EPS₹22.28
RoNW32.25%44.53%

Shares Offered

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 0 shares in True Colors IPO.

 Flysbs Aviation IPOTrue Colors IPO
Anchor Investor Reserveration12,96,000 shares0 shares
Market Maker Reserveration2,29,800 shares0 shares
QIB8,65,800 shares0 shares
NII6,49,800 shares0 shares
RII15,15,600 shares0 shares
Employee0 shares0 shares
Others
Total43,27,200 shares0 shares

Bids Received (Subscription)

Flysbs Aviation IPO subscribed 318.68x in total, whereas True Colors IPO subscribed .

 Flysbs Aviation IPOTrue Colors IPO
QIB (times)191.93x
NII (times)563.64x
Big NII (times)683.93x
Small NII (times)323.07x
RII (times)286.06x
Employee (times)
Other (times)
Total (times)318.68x