FlySBS Aviation IPO
IPO Listing Details
- Listing Date
08 Aug 2025
- Listing Price
₹ 427.50
- Listing Change
90.00%
- Last Traded Price
₹ 536.25
FlySBS Aviation IPO Details
-
Open Date
01 Aug 2025
-
Close Date
05 Aug 2025
-
Listing Date
08 Aug 2025
- IPO Price Range
₹ 210 to ₹225
- IPO Size
₹ 97.36 Cr
- Listing Exchange
NSE SME
FlySBS Aviation IPO Timeline
FlySBS Aviation IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 01-Aug-25 | 0.00 | 4.49 | 4.88 | 3.41 |
| 04-Aug-25 | 0.59 | 44.22 | 52.05 | 35.67 |
| 05-Aug-25 | 191.93 | 563.64 | 286.06 | 318.68 |
Last Updated: 05 August 2025 6:26 PM by 5paisa
Established in 2020, Flysbs Aviation Ltd. is a premium aviation company headquartered in Chennai, specialising in private jet services. The company offers a range of aircraft, including Ultra-Luxury Jets, Large Luxury Jets, Super Luxury Jets, and High-Speed Jets. Flysbs provides air charter services on both domestic and international routes, with operations covering all six continents.
Their services are structured through various membership and charter programmes like Je'time, Flexjet, and long-term subscriptions catering to corporates, HNIs, and ultra-HNIs. Flysbs operates across several cities, including Mumbai, Delhi, Bengaluru, Hyderabad, Coimbatore, and Kerala.
Established in: 2020
MD: Deepak Parasuraman
FlySBS Aviation Objectives
The IPO proceeds will be utilised towards:
1. Capital expenditure for the acquisition of six new aircraft on long-term dry lease
2. Re/Prepayment of certain borrowings, including both short & long-term liabilities
3. Allocation of funds for general corporate purposes, including working capital
FlySBS Aviation IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹97.36 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹97.36 Cr |
FlySBS Aviation IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹2,52,000 |
| Retail (Max) | 2 | 1,200 | ₹2,52,000 |
| S-HNI (Min) | 3 | 1,800 | ₹3,78,000 |
| S-HNI (Max) | 7 | 4,200 | ₹8,82,000 |
| B-HNI (Min) | 8 | 4,800 | ₹10,08,000 |
FlySBS Aviation IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 191.93 | 8,65,800 | 16,61,76,000 | 3,738.96 |
| NII (HNI) | 563.64 | 6,49,800 | 36,62,53,800 | 8,240.71 |
| Individual Investors (IND category bidding for 2 Lots) | 286.06 | 15,15,600 | 43,35,49,200 | 9,754.86 |
| Total | 318.68 | 30,31,200 | 96,59,79,000 | 21,734.53 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 34.68 | 106.72 | 195.38 |
| EBITDA | 5.23 | 14.99 | 41.41 |
| PAT | 3.44 | 11.25 | 28.41 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 20.12 | 77.15 | 191.84 |
| Share Capital | 2.15 | 3.21 | 12.75 |
| Total Borrowings | 3.36 | 2.56 | 17.93 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 3.50 | 1.23 | 0.01 |
| Net Cash Generated From / (used in) investing activities | -2.48 | -37.29 | -27.60 |
| Net Cash Generated From / (used in) financing activities | 1.47 | 41.86 | 69.08 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 2.50 | 5.80 | 41.49 |
Strength
1. Revenue grew 83% and PAT surged 153% during the FY25 growth cycle
2. Operates in a niche segment with strong barriers to market entry
3. Owns an in-house fleet and is led by experienced aviation industry promoters
4. Strategic synergy with Afcom enhances operational efficiency and competitive advantage
Weaknesses
1. Requires substantial capital investment to expand and maintain a growing aircraft fleet
2. Relies heavily on ultra-HNI clients for steady business inflow
3. A significant increase in borrowings and capex raises financial pressure
4. Still developing brand awareness and long-term customer loyalty across segments
Opportunities
1. Strong rebound in premium air travel following post-COVID travel resurgence
2. Expanding demand for business aviation services in emerging Indian cities
3. Opportunity to connect tier-2 markets via charter and scheduled routes
4. Increased event-based charter demand boosts tourism and corporate travel opportunities
Threats
1. Potential regulatory changes could disrupt the existing aviation operating framework
2. High costs of maintenance and operations may pressure overall profitability
3. Exposure to economic slowdowns could weaken client spending in aviation
4. Currency fluctuations may raise aircraft lease costs and international liabilities
1. Over 83% revenue growth and 153% jump in net profit
2. Premium service offerings with a global operational footprint
3. Expansion strategy backed by the addition of six aircraft
4. Promoters with a proven aviation and business track record
5. Strong EBITDA margins and improving cash flows
1. The private jet and charter aviation segment in India is poised for growth due to rising demand from HNIs, business travellers, and premium tourism.
2. Increasing global connectivity, government support for regional air transport
3. Demand for bespoke travel experiences provides a strong foundation for Flysbs Aviation to scale operations.
4. Growing interest in private travel due to safety, flexibility, and time-efficiency further boosts the sector's outlook.
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FAQs
Flysbs Aviation IPO opens on August 1, 2025 and closes on August 5, 2025.
The Flysbs Aviation IPO size is ₹97.36 crore, entirely a fresh issue of 43.27 lakh shares.
The price band of Flysbs Aviation IPO is ₹210 to ₹225 per share.
Log in to your 5paisa account, select the Flysbs Aviation IPO, enter the lot size and bid price, provide your UPI ID, and approve the mandate.
The minimum investment for Flysbs Aviation IPO 1,200 shares (2 lots), totalling ₹2,52,000.
Flysbs Aviation IPO is expected to list on NSE SME on August 8, 2025.
Tentative allotment date of Flysbs Aviation IPO is on August 6, 2025.
Vivro Financial Services Pvt Ltd is the lead manager for Flysbs Aviation IPO.
The Flysbs Aviation will utilise IPO proceeds towards:
- Capital expenditure for the acquisition of six new aircraft on long-term dry lease
- Re/Prepayment of certain borrowings, including both short & long-term liabilities
- Allocation of funds for general corporate purposes, including working capital
FlySBS Aviation Contact Details
Plot no. 16 (NP), 3rd Floor, Indiqube Palmyra
SIDCO Industrial Estate, Ekkatuthangal,
Guindy Industrial Estate
Chennai, Tamil Nadu, 600032
Phone: +91-44 2260 4444
Email: corporate@sbsaviation.in
Website: https://sbsaviation.in/
FlySBS Aviation IPO Register
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: flysbsaviation.ipo@in.mpms.mufg.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FlySBS Aviation IPO Lead Manager
Vivro Financial Services Private Limited