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Flysbs Aviation Ltd IPO
The initial public offering (IPO) of Flysbs Aviation Ltd IPO is a book-built offering of approximately ₹102.53 crores for a new issue of 45,57,000 equity shares. For this IPO, the price range has been set between ₹210 and ₹225 per share. The IPO will be subscribed publicly between 1st August 2025 and 5th August 2025. At the highest price range, retail investors should apply for a minimum lot of 1,200 shares, translating to ₹2,70,000. The allotment date is 6th August 2025, the refund will commence on 7th August 2025 and the shares may be listed on the NSE SME platform on 8th August 2025. This IPO is a straight fresh issue; there is no offer of sale and the proceeds will be utilized mainly in expansion and working capital.
Company Background
Founded in 2020, Flysbs Aviation Limited operates non-scheduled flights out of Chennai. The company's primary areas of expertise include luxury private flight charter services, ground handling and aviation training. The company operates in large Indian airports and some international destinations with a vast variety of private jet services to both business and leisure travelers. The firm has recorded strong revenue growth, where the revenue has increased by 83.2%, that is, ₹106.72 crores in FY24 to ₹195.38 crores in FY25 and profit after tax (PAT) has risen by 153.9%, that is, ₹11.25 crores to ₹28.41 crores over the same period.
Operations & Product Range
Facility and Services
The main services of Flysbs Aviation are the charter of private jets, aviation manpower, DGCA-approved aviation training and the on-ground management of airlines and airports. The company is headquartered in Chennai and has operations all over India, specializing in premium, customized air travel experiences. This is seen in the number of operational fleets and high usage rates, indicating its increasing corporate client base and international reach.
Brand and Market Presence
Flysbs Aviation is a name known in the Indian aviation industry in terms of luxury charter services and aviation solutions. The company has a good market reputation, which is supported by experienced promoters and a niche focus that makes it stand out in a very competitive industry. By FY25, the company had more than 94% of its revenue generated by corporate customers and a growing global presence.
Revenue Channels
Flysbs Aviation’s revenues are primarily sourced from:
- Chartering private and luxury flights to corporate and high-net-worth clients.
- Offering workforce and aviation training solutions to airports and independent airlines.
- Offering customized technical and ground handling services at Indian airports.
Management & Shareholding
Promoters and Shareholders
The primary promoters are:
- • Capt. Deepak Parasuraman (Managing Director) with over 26 years of aviation and air cargo experience.
- • Ambashankar (CEO & Whole-Time Director), with 23 years in luxury automobiles and aviation operations.
- • Non-executive director Kannan Ramakrishnan has extensive experience in the retail and automotive industries.
Their cumulative expertise provides the company with strong industry knowledge and strategic execution capabilities.
Board Members
Alongside the promoters, the board includes professionals with deep technical, governance and financial experience mandated by listing regulations.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Flysbs Aviation Ltd IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Flysbs Aviation Ltd IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 1, 2025 to August 5, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹210 to ₹225 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 45,57,000 shares (aggregating up to ₹102.53 Cr) |
| Reserved for Market Maker | 2,29,800 shares (aggregating up to ₹5.17 Cr) |
| Net Offered to Public | 43,27,200 shares (aggregating up to ₹97.36 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,27,46,751 shares |
| Share Holding Post Issue | 1,73,03,751 shares |
Flysbs Aviation Ltd IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Aug 1, 2025 |
| IPO Close Date | Tue, Aug 5, 2025 |
| Tentative Allotment | Wed, Aug 6, 2025 |
| Initiation of Refunds | Thu, Aug 7, 2025 |
| Credit of Shares to Demat | Thu, Aug 7, 2025 |
| Tentative Listing Date | Fri, Aug 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 5, 2025 |
Flysbs Aviation Ltd IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,200 | ₹2,70,000 |
| Individual investors (Retail) (Max) | 3 | 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 Ltd IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 44.08% | 32.47% |
Competitive Strength:
- ● Niche positioning in the luxury and private charter aviation sector.
- ● Strong aviation domain expertise and operational readiness.
- ● Experienced management with diversified industry knowledge.
- ● Demonstrable growth in both topline and profitability in recent years.
- ● Direct client relationships in high-entry-barrier markets such as luxury aviation and corporate training.
- ● The expanding service basket includes aviation training and manpower solutions.
Flysbs Aviation Ltd IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 191.84 | 195.38 | 28.41 | 128.85 | 17.93 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 77 | 107 | 11 | 47 | 2.56 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 20.12 | 34.68 | 3.44 | 11.33 | 3.36 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| 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 (Rs) | 22.28 | 16 |
| P/E (x) | 10.1 | 14 |
Objectives of Flysbs Aviation Ltd IPO
- The IPO proceeds will be utilized for:
- ● Acquisition of six new aircraft on long-term dry lease.
- ● Prepayment or repayment of specific company borrowings.
- ● Working capital and infrastructure expansion.
- ● General corporate purposes.
Conclusion
Flysbs Aviation Ltd IPO is an opportunity to invest in a growth-oriented business with a differentiated presence in the Indian aviation industry. It has a history of healthy financial growth, market expansion and high-value corporate customers and offers an investment opportunity to investors in the premium and business aviation segment. Nevertheless, the minimum investment requirement can be quite high, which can limit accessibility to retail and HNI investors with high levels of wealth.
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Frequently asked Questions (FAQs )
-
What industry does Flysbs Aviation Ltd operate in?
Flysbs Aviation Ltd operates in the Indian aviation sector, offering private and luxury charter flights, aviation manpower solutions and training.
-
What are the main applications of its services?
Mainly, luxury air transport for corporate clients, aviation training, ground handling and customized solutions for the airline industry.
-
How will Flysbs Aviation Ltd use the IPO funds?
For aircraft acquisitions, loan repayments, infrastructure expansion and general corporate purposes.
-
What is the minimum investment amount for retail investors?
The minimum is 1,200 shares, amounting to ₹2,70,000 at the upper price band.
