Bookbuilding IPO | ₹103 Cr | Listed at NSE SME | Fri, Aug 1, 2025 - Tue, Aug 5, 2025
Flysbs Aviation IPO is a book build issue of ₹102.53 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹102.53 crore.
Flysbs Aviation IPO bidding started from Aug 1, 2025 and ended on Aug 5, 2025. The allotment for Flysbs Aviation IPO was finalized on Aug 6, 2025. The shares got listed on NSE SME on Aug 8, 2025.
Flysbs Aviation IPO price band is set at ₹225 per share. The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹2,70,000 (1,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (1,800 shares), amounting to ₹4,05,000.
Vivro Financial Services Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Flysbs Aviation IPO RHP for detailed Information.
IPO Open
Fri, Aug 1, 2025
IPO Close
Tue, Aug 5, 2025
Issue Price
₹225 per share
Market Cap (Pre-IPO)
₹389.33 Cr
| IPO Date | 1 to 5 Aug, 2025 |
| Listed on | Fri, Aug 8, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹210 to ₹225 |
| Issue Price | ₹225 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 45,57,000 shares (agg. up to ₹103 Cr) |
| Reserved for Market Maker | 2,29,800 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 43,27,200 shares (agg. up to ₹97 Cr) |
| Net Offered to Public | 43,27,200 shares (agg. up to ₹97 Cr) |
| Share Holding Pre Issue | 1,27,46,751 shares |
| Share Holding Post Issue | 1,73,03,751 shares |
| NSE Symbol | FLYSBS |
| ISIN | INE0VCK01011 |
Flysbs Aviation IPO comprises a total issue size of 45,57,000 shares. The net offer to the public is 43,27,200 shares, after excluding 2,29,800 shares allotted on a firm basis. Of the Net offer 21,61,800 (49.96%) are allocated to QIB, 6,49,800 (15.02%) allocated to NII 15,15,600 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 21,61,800 | 49.96% | 47.44% |
| − Anchor Investor Shares Offered | 12,96,000 | 28.44% | |
| − QIB (Ex. Anchor) Shares Offered | 8,65,800 | 19.00% | |
| NII (HNI) Shares Offered | 6,49,800 | 15.02% | 14.26% |
| − bNII > ₹10L | 4,33,200 | 9.51% | |
| − sNII < ₹10L | 2,16,600 | 4.75% | |
| Retail Shares Offered | 15,15,600 | 35.02% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,29,800 | 5.04% | |
| Total Shares Offered | 45,57,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,200 | ₹2,70,000 |
| Individual investors (Retail) (Max) | 2 | 1,200 | ₹2,70,000 |
| S-HNI (Min) | 3 | 1,800 | ₹4,05,000 |
| S-HNI (Max) | 7 | 4,200 | ₹9,45,000 |
| B-HNI (Min) | 8 | 4,800 | ₹10,80,000 |
Flysbs Aviation IPO raises ₹29.16 crore from anchor investors. Flysbs Aviation IPO Anchor bid date is July 31, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jul 31, 2025 |
| Shares Offered | 12,96,000 |
| Anchor Portion (₹ Cr.) | 29.16 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Sep 4, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Nov 3, 2025 |
Established on August 7, 2020, FlySBS Aviation Limited, formerly known as FlySBS Aviation Private Limited, is an Indian aviation company specializing in private jet services. The company is headquartered in Chennai, Tamil Nadu, and operates under the legal jurisdiction of India.
FlySBS Aviation provides a range of private jet services, including:
The company provides air chartering services on domestic and international routes, successfully flying clients to destinations across six continents.
The company provides various programs for different client needs, including long-term chartering, subscription options like the "Je'time" Program, membership for frequent flyers, and the Flexjet Program for those with moderate flying hours.
The company has its presence in multiple cities, including Chennai, Delhi, Mumbai, Bengaluru, Hyderabad, Coimbatore and Kerala.
The company's clients include mid-sized and large corporations, ultra-high net worth individuals, and high net worth individuals.
The company's total flying hours for fiscal 2025 was 2,600 hours, including 1,812 international flying hours.
Competitive Strength:
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 191.84 | 77.15 | 20.12 |
| Total Income | 195.38 | 106.72 | 34.68 |
| Profit After Tax | 28.41 | 11.25 | 3.44 |
| EBITDA | 41.41 | 14.99 | 5.23 |
| NET Worth | 128.85 | 47.32 | 11.33 |
| Reserves and Surplus | 137.63 | 63.23 | 9.57 |
| Total Borrowing | 17.93 | 2.56 | 3.36 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards acquisition of six new aircraft on long term dry lease basis | 80.47 |
| 2 | Repayment/prepayment, in full or part, certain outstanding borrowings availed by the company | 7.28 |
| 3 | General Corporate Purposes | 9.79 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 32.25% |
| ROCE | 41.80% |
| Debt/Equity | 0.14 |
| RoNW | 32.25% |
| PAT Margin | 14.54% |
| EBITDA Margin | 21.20% |
| Price to Book Value | 2.23 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 22.28 | 16.42 |
| P/E (x) | 10.1 | 13.71 |
| Promoter Holding | 44.08% | 32.47% |
| Market Cap | ₹389.33 Cr. |
The Flysbs Aviation IPO is subscribed 318.68 times on August 5, 2025 6:20:00 PM (Day 3). The public issue subscribed 286.06 times in the individual investors category, 191.93 times in the QIB category, and 563.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 191.93 | 8,65,800 | 16,61,76,000 | 213 |
| NII* | 563.64 | 6,49,800 | 36,62,53,800 | 90,542 |
| bNII (> ₹10L) | 683.93 | 4,33,200 | 29,62,77,000 | |
| sNII (< ₹10L) | 323.07 | 2,16,600 | 6,99,76,800 | |
| Individual Investor | 286.06 | 15,15,600 | 43,35,49,200 | 3,61,291 |
| Total | 318.68 | 30,31,200 | 96,59,79,000 | 4,52,046 |
Total Applications: 4,52,046
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM (including selling commission, brokerage and underwriting commission, as applicable) | 1.45 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue and bidding/uploading charges for members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.31 |
| 3 | Fees payable to the Registrar to the Issue | 0.01 |
| 4 | Listing fees, SEBI filing fees, NSE processing fees and other regulatory expenses | 0.18 |
| 5 | Printing and stationery expenses | 0.05 |
| 6 | Advertising and marketing expenses | 0.19 |
| 7 | Fees payable to legal counsel | 0.23 |
| 8 | Other Expenses (including fees payable to statutory auditor, market maker, consultants, market research firms, monitoring agency, practicing company secretaries, brokerage and selling commission and bidding charges of members of the syndicate, marketing and selling expenses, and other professional agencies, stamp duty charges, and other miscellaneous expenses) | 2.58 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹225.00 |
| Open | ₹427.50 |
| Low | ₹427.50 |
| High | ₹448.85 |
| Last Trade | ₹448.85 |
Lead Manager Reports
Flysbs Aviation IPO is a SME IPO of 45,57,000 equity shares of the face value of ₹10 aggregating up to ₹103 Crores. The issue is priced at ₹225 per share. The minimum order quantity is 600.
The IPO opens on Fri, Aug 1, 2025, and closes on Tue, Aug 5, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Flysbs Aviation IPO using UPI as a payment gateway. Zerodha customers can apply in Flysbs Aviation IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Flysbs Aviation IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Flysbs Aviation IPO opens on Fri, Aug 1, 2025 and closes on Tue, Aug 5, 2025.
Flysbs Aviation IPO lot size is 600, and the minimum amount required for application is ₹2,70,000, with 2 lots being the minimum application size.
You can apply in Flysbs Aviation IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Flysbs Aviation IPO will be done on Wednesday, August 6, 2025, and the allotted shares will be credited to your demat account by Thu, Aug 7, 2025. Check the Flysbs Aviation IPO allotment status.
The Flysbs Aviation IPO listing date is on Fri, Aug 8, 2025.
