Flysbs Aviation Limited
Bookbuilding IPO · NSE
- Price band
- ₹210 - ₹225
- Lot size
- 600 shares
- Issue amount
- ₹102.53 cr
- Total subscription
- 318.75×
- Opens
- 1 Aug 2025
- Closes
- 5 Aug 2025
- Allotment
- 6 Aug 2025
- Listing
- 8 Aug 2025
Offer at a glance
Issue overview
- Issue size
- 45,57,000 shares
- Face value
- NA
- Minimum investment
- ₹1,26,000
- Fresh issue
- ₹102.53 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Ltd (MUFG)
- Listing exchange
- NSE
- Maximum investment
- ₹1,35,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,27,46,751
- Shares after issue
- 1,73,03,751
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 1,200 | ₹2,70,000 |
| sHNI | 3 | 1,800 | ₹4,05,000 |
| bHNI | 8 | 4,800 | ₹10,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 241 | 55,522 |
| HNIs (3-10L) | 120 | 35,032 |
| RETAIL | 1,263 | 3,61,445 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 19.48 | 3,738.96 |
| RETAIL | 34.1 | 9,759.02 |
| NIB | 14.62 | 8,241.2 |
| HNIs 2+ | 4.87 | 1,574.96 |
| HNIs 10+ | 9.75 | 6,666.23 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 25.47 | 14.41 | 5.64 |
| ROE | 32.25 | 38.35 | 45.02 |
| ROCE | 41.8 | 45.58 | 45 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded on August 7, 2020, and headquartered in Chennai, Tamil Nadu, the company operates in the aviation industry, offering private jet services. It provides a wide range of jet categories, including ultra-luxury jets, large luxury jets, super luxury jets, and high-speed jets, catering to both domestic and international travel needs. The company delivers air charter services across six continents, supporting a global client base. It offers tailored programs such as long-term chartering, the “Je'time” subscription service, a frequent flyer membership, and the Flexjet program designed for moderate travel requirements. Its operational presence spans multiple Indian cities, including Chennai, Delhi, Mumbai, Bengaluru, Hyderabad, Coimbatore, and locations in Kerala.
Strengths
- Experienced Leadership with Industry Expertise: Led by Capt. Deepak Parasuraman and Kannan Ramakrishnan, the company benefits from strong leadership with decades of experience in aviation and related sectors, ensuring smooth operations and steady growth.
- Well-Positioned in a High Barrier-to-Entry Market: The company operates in the highly regulated and capital-intensive aviation industry, where strict compliance and infrastructure needs limit new entrants, helping maintain its market position.
- Strong Operational Synergy with Group Company: Close collaboration with Afcom Holdings Limited, an international air cargo operator, brings cost savings, shared know-how, and better deals for essential services like fuel, maintenance, and logistics.
Risk factors
- History of Regulatory Filing Delays: The company has faced delays or lapses in past regulatory filings, which could result in penalties or regulatory action, affecting its reputation and financial stability.
- Reliance on High-End Clientele: The company caters to a select group of premium clients who expect personalized, top-tier service. Failing to meet these expectations may impact customer trust and business performance.
- Potential Conflict with Related Group Company: Some promoters and directors are also associated with Afcom Holdings Limited, a company in a similar business. This overlap may lead to conflicts in sharing business opportunities.
Promoters
Ambashankar
Capt. Deepak Parasuraman
Kannan Ramakrishnan
Bastimal Kishanraj
Shreshtha Business Solutions LLP
Registrar & documents
Lead manager
Vivro Financial Services Private Limited
Registrar & contacts
Link Intime India Private Ltd (MUFG)
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Flysbs Aviation Ltd. Plot no. 16 (NP), 3rd Floor, Indiqube Palmyra SIDCO Industrial Estate, Ekkatuthangal, Guindy Industrial Estate Chennai, Tamil Nadu, 600032
+91-44 2260 4444
[email protected]Company website ↗Understanding FLYSBS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.