Flysbs Aviation was incorporated on August 07, 2020. The company provides private, non-scheduled air charter services in India and internationally, targeting elite clients such as corporate leaders, entrepreneurs, celebrities, and diplomats. Its services include both domestic and international charter flights, with most revenue coming from corporate clients
| Bidding Dates |
|---|
| 01 Aug 2025 - 05 Aug 2025 |
| Subscription |
|---|
| 296.36x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,52,000 | 2 | 2 | 600 | 4.6 M | ₹210 - ₹225 | 32.47 % | ₹957.0 M - ₹1025.3 M | RHP DOC |
Flysbs Aviation IPO SUBSCRIPTION STATUS
05 Aug '25Flysbs Aviation IPO overall subscription rate was 296.36 times the total available shares
Flysbs Aviation IPO retail subscription rate was 380.02 times in the retail segment
Flysbs Aviation IPO non-institutional investor subscription rate was 749.27 times in the non-institutional investor category
Flysbs Aviation IPO Qualified Institutional Bidder subscription rate was 101.92 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
05 Aug 2025 (Day 3) | 380.02x | 749.27x | 101.92x |
04 Aug 2025 (Day 2) | 67.49x | 59.03x | 0.31x |
01 Aug 2025 (Day 1) | 6.31x | 5.96x | - |
Flysbs Aviation FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 193.9 | 28.4 | 0.0 | -0.6 | 21.2% |
| FY24 | 106.5 | 11.2 | 1.2 | -4.2 | 14.0% |
| FY23 | 34.1 | 3.4 | 3.5 | 3.5 | 15.1% |
Flysbs Aviation IPO SUBSCRIPTION STATUS DETAILS
Flysbs Aviation had 4.6 M shares on offer
Flysbs Aviation IPO offer price was in the range ₹210 - ₹225
Flysbs Aviation IPO minimum Investment was ₹252000
Flysbs Aviation IPO issue size was ₹ 957.0 M - ₹ 1025.3 M
Flysbs Aviation had a minimum lot size of 600 Shares per application
Flysbs Aviation NUMBER OF SHARES ON OFFER
Flysbs Aviation IPO IMPORTANT DATES
| Issue Open Date | 01 Aug 2025 |
| Issue close Date | 05 Aug 2025 |
| Allotment Date | 06 Aug 2025 |
| Refund Date | 07 Aug 2025 |
| Demat Account Credit Date | 07 Aug 2025 |
| Listing Date | 08 Aug 2025 |
| Listing on Exchange(s) | NSE |
| Flysbs Aviation Allotment Status | Exchange/ Registrar |
Flysbs Aviation IPO subscription opened on 01 Aug 2025, and closed on 05 Aug 2025
IPO allotment for Flysbs Aviation was finalized on Wednesday, 06 Aug 2025
IPO listing for Flysbs Aviation was on NSE on Friday, 08 Aug 2025
Flysbs Aviation IPO LISTING GAINS
| Issue Price (adjusted) | 225.0 |
| Listing Open Price | 427.5 |
| Listing Close Price | 448.9 |
| Listing Gain% | 90.0% |
| Current Gain% | 101.1% |
Flysbs Aviation Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FlySBS Aviation Ltd. | 452.5 | 783 | 12.9 | 0.1 | 2.3 | 19.4 | 15.5 | 334.1 | 71 | 60.8 | 113.9 | 35.1 | 113.9 |
| InterGlobe Aviation Ltd. | 5337 | 206364 | -42.9 | 0.3 | 2.3 | -34.3 | -1.8 | 89513.4 | 6.4 | -2391.9 | -133 | -124.3 | -171.7 |
| Spicejet Ltd. | 12 | 1531.6 | -2 | 0 | 0.3 | -3.2 | 1 | 6768.3 | -20.3 | 62.8 | 114.8 | -6 | -409.7 |
| TAAL Tech Ltd. | 4553 | 1418.9 | 22.7 | 1.1 | 6.6 | 23.1 | 20.9 | 216.5 | 8.6 | 56.7 | 16.3 | 200.4 | 20.7 |
| Global Vectra Helicorp Ltd. | 161.6 | 226.3 | -7 | 0 | 0.4 | 0 | -3.6 | 576.8 | -2.8 | -32.3 | -4865.2 | -23.1 | -4866.7 |
Flysbs Aviation IPO Reports
Flysbs Aviation INFORMATION ON IPO ISSUE
About Flysbs Aviation
Flysbs Aviation was incorporated on August 07, 2020. The company provides private, non-scheduled air charter services in India and internationally, targeting elite clients such as corporate leaders, entrepreneurs, celebrities, and diplomats. Its services include both domestic and international charter flights, with most revenue coming from corporate clients
Object of the Issue
- Funding capital expenditure towards acquisition of six pre-owned aircraft on long term dry lease basis
- Repayment/prepayment, in full or part, certain outstanding borrowings availed by the company
- General corporate purposes
Flysbs Aviation - PROMOTERS
| Name |
|---|
| Ambashankar |
| Deepak Parasuraman |
| Kannan Ramakrishnan |
| Bastimal Kishanraj |
Flysbs Aviation - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Capt. Deepak Parasuraman | Managing Director |
| Ambashankar | Whole Time Director & Chief Executive Officer |
| Kannan Ramakrishnan | Non-Executive Director |
| Divya M | Independent Director |
| K Raghuram | Independent Director |
| Vaidhyanathan R | Independent Director |
Flysbs Aviation Book Running Lead Manager
Vivro Financial Services Private Limited
investors@vivro.net
Flysbs Aviation Registrar to the issue
MUFG Intime India Private Limited
flysbsaviation.ipo@in.mpms.mufg.com
Flysbs Aviation Strengths
In-house fleet
The company operates a fleet that includes in-house aircraft and leased jets from international operators. This gives flexibility to match client requirements, enhances control over flight operations, and improves cost efficiency
High entry barriers
Operating in a tightly regulated industry, the company benefits from significant barriers to entry, including high capital needs, regulatory clearances, safety requirements, and limited airport slots. With a robust operational framework, skilled workforce, and early-mover advantage, the company maintains a strong position in the private charter aviation space
Customised client solutions
The company prioritizes tailored services by aligning its operations with each client’s unique travel needs. It offers access to a well-maintained fleet through a partnership with a Directorate General of Civil Aviation (DGCA)-approved Maintenance, Repair and Overhaul (MRO) provider in Bangalore, ensuring high aircraft reliability
Flysbs Aviation Risks
Fuel cost risk
The cost of Aviation Turbine Fuel (ATF) is a big part of the company’s expenses. ATF prices can change due to global oil prices, exchange rates, or taxes. These changes can increase the company’s costs and reduce profits, especially for dry lease aircraft where it pays for fuel
Regulatory risk
The company must follow rules set by aviation authorities like the DGCA. If it does not meet these rules or delays getting licenses or approvals, it may face penalties or disruptions in its services
Reputation risk
The company serves VIPs like business leaders, politicians, and celebrities who expect special and high-quality services. If the company fails to meet their expectations, it may lose business and face a bad reputation
IPO FAQs
The promoters of the company are Ambashankar, Deepak Parasuraman, Kannan Ramakrishnan and Bastimal Kishanraj.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 210.0 - 225.0.
The IPO application opens on Aug 01, 2025 and closes on Aug 05, 2025.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 252,000.0, the maximum value for this IPO is Rs 270,000.0.
This IPO will be allotted on Aug 06, 2025.
The refund will be credited to your account on Aug 07, 2025.
The allotted shares will be credited to your demat on Aug 07, 2025.
Flysbs Aviation Ltd.’s shares listed on the stock exchanges on Aug 08, 2025.