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Flysbs Aviation IPO
Price Band
₹210.0–225.0
Issue Size
₹102.53 Cr
Lot Size
600 shares
Min Investment
₹270,000
2 LOTS MIN
GMP
+₹240.0 (106.67%)
Issue Price
₹225.0
Subject to Sauda
₹109400
Paid only if allotted
Flysbs Aviation IPO AI Summary
- Flysbs Aviation IPO is listed on NSE SME in the Airline sector.
- Price band: ₹210.0–₹225.0 per share, lot size 600 shares (min. investment ₹270,000, 2 lots minimum).
- Subscription window: 01 Aug–05 Aug 2025, listing on 08 Aug 2025.
- Current GMP is +₹240.0 (106.67%), an estimated listing price of ₹465 — unofficial and can change daily.
Flysbs Aviation Limited is an emerging player in the private jet service sector, with a strong growth trajectory in both revenue and profit. The company aims to enhance its fleet and operational capabilities through the proceeds of this IPO, while also addressing outstanding borrowings.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Flysbs Aviation IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 05 Aug 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Flysbs Aviation IPO Grey Market Premium (GMP) Today
GMP
+₹240.0
GMP %
+106.67%
Est. Listing
₹465.0
Updated: 25 Jul 2026 14:13
About the Company
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: Ultra-Luxury Jets Large Luxury Jets Super Luxury Jets High-Speed Jets 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: Experienced Promoters and senior management with extensive domain knowledge. Strategic positioning in a high entry barrier industry. In-house fleet and existing flight operational experience. Synergies with the group company, Afcom Holdings Limited. Operational excellence, aircraft maintenance and tailored solutions for its clients.
Company Financials (₹ Cr)
As of 2025-03-31
| 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 |
Key Ratios
EPS
₹22.28
NAV
₹101.08
ROE
32.25%
ROCE
41.80%
RoNW
32.25%
P/B Value
2.23
P/E Ratio
10.1
Market Cap
₹389.33 Cr
PAT Margin
14.54%
Debt/Equity
0.14
Promoters
Ambashankar, Deepak Parasuraman, Kannan Ramakrishnan, Bastimal Kishanraj and Shreshtha Business Solutions LLP
Objects of the Issue
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 4 Issue Expenses 4.99 Total 102.53
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹34.68 Cr in the year ending 31 Mar 2023, rising to ₹106.72 Cr by 31 Mar 2024, and further increasing to ₹195.38 Cr by 31 Mar 2025. This indicates a strong upward trend in revenue over the periods analyzed.
Profit Trend
Profit After Tax was ₹3.44 Cr in the year ending 31 Mar 2023, increasing to ₹11.25 Cr by 31 Mar 2024, and further rising to ₹28.41 Cr by 31 Mar 2025. This consistent growth in profit suggests improving operational efficiency and revenue generation.
Valuation
At the issue price of ₹225.0, the company has an implied P/E ratio of approximately 10.1, compared to peers trading at a range of P/E ratios that are not provided in the input.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the premium at which an IPO is expected to list compared to its issue price. A positive GMP suggests strong demand for the shares in the grey market, which may lead to listing gains on the stock exchange.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's growth potential and the overall market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or prefer stable returns may want to avoid IPOs in sectors like aviation, which can be subject to significant fluctuations due to economic cycles and external factors.
IPO Timeline, Explained
The IPO process involves several key dates: the issue opens on August 1, 2025, and closes on August 5, 2025. Allotment of shares is expected on August 6, 2025, with the listing on the stock exchange scheduled for August 8, 2025.
Listing Gains — The Risk
While many investors hope to achieve listing gains on the first day of trading, these gains are not guaranteed. The stock's performance can be influenced by various factors, including market conditions and investor sentiment, which may lead to volatility.
This evaluation is generated from Flysbs Aviation's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Flysbs Aviation IPO GMP today?
Flysbs Aviation IPO GMP today is +₹240.0 (106.67%), indicating an estimated listing price of ₹465. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Flysbs Aviation IPO?
The price band of Flysbs Aviation IPO is ₹210.0–₹225.0 per share.
When does Flysbs Aviation IPO open and close?
Flysbs Aviation IPO opens on 01 August 2025 and closes on 05 August 2025.
When does Flysbs Aviation IPO list on the stock exchange?
Flysbs Aviation IPO listed on 08 August 2025 at ₹465.0.
What is the lot size for Flysbs Aviation IPO?
The lot size for Flysbs Aviation IPO is 600 shares, requiring a minimum investment of ₹270,000 (2 lots).
What is the lot size for this IPO?
The lot size for the FlySBS Aviation IPO is 600 shares.
What is the minimum investment required?
The minimum investment required is ₹270,000.
What is the price band for this IPO?
The price band for the FlySBS Aviation IPO is ₹210.0 to ₹225.0.
When is the listing date for this IPO?
The listing date for this IPO is August 8, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of the IPO shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
01 Aug 2025
Close
05 Aug 2025
Allotment
06 Aug 2025
Listing
08 Aug 2025
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