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IPO Analysis > flysbs-aviation-nse-sme

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Explore the Ultimate Guide to FlySBS Aviation IPO Before the Bell Rings

India's private jet market expanded from USD 187 million in FY 2019 to USD 274 million in FY 2024 at a compound annual growth rate (CAGR) of 8%. Furthermore, over the following five years, the market is anticipated to grow at a CAGR of 13% to 15%. The growth is backed by a rising population of HNIs and UHNIs, as India showcases a robust economic growth. Amidst these positive industry trends, the FlySBS Aviation IPO is gearing up for launch.


The FlySBS Aviation NSE SME IPO is managed by Vivro Financial Services Private Limited. Additionally, the issue's registrar is MUFG Intime India Private Limited. Click here to view the allotment status.


For complete details of FlySBS Aviation IPO, click here to view its RHP.


Note: 50% of FlySBS Aviation NSE SME shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

FlySBS Aviation IPO Review India: Company Profile


Particulars

Description

Key Business

Non-scheduled private air charter service provider

Approval

DGCA

Client categories

Celebrities, entrepreneurs, politicians, senior corporate executives and other VIPs

Promoters

Kannan Ramakrishnan, Ambashankar, Shreshtha Business Solutions LLP, Capt. Deepak Parasuraman and Bastimal Kishanraj

Operating base

Chennai, Tamil Nadu

Routes served

Both domestic and international (the Middle East, the Arctic regions of North America and Europe, New Zealand, the Far East of Japan, etc.).

Total flying hours (FY25)

2,600 hours


Exploring the FlySBS Aviation IPO Review

Discussed in this section are all the important highlights of the IPO, including the FlySBS Aviation IPO date today, FlySBS Aviation IPO price today and much more.

  • FlySBS Aviation IPO Date NSE

A detailed timeline of the FlySBS IPO from its IPO date to the mandate end timing is highlighted in the table below.


Event

IPO date

Opening date

1 August 2025

Closing date

5 August 2025

UPI closing

5 August 2025 (5 PM)

Final allotment

6 August 2025

Refund

7 August 2025

Credit of shares

7 August 2025

Listing

8 August 2025

Mandate end

20 August 2025

Lock-in end (half anchor investors)

5 September 2025

Lock-in end (half anchor investors)

4 November 2025


Check out this list of top brokers in India and get the best demat account to participate in this IPO.

  • FlySBS Aviation NSE SME IPO Size


Parameter

Number of Equity Shares

Amount (₹ Crores)

Fresh Issue

45,57,000

102.53

Offer for Sale

Nil

Nil

Total Issue

45,57,000

102.53


  • Objectives of the offer

The funds collected from the FlySBS Aviation IPO are set to be utilised in FY 2026 in the following manner.


Particulars

Amount (₹ Lakhs)

Capital expenditure for acquiring six pre-owned aircraft 

8,047.24

Repayment of outstanding loan

727.60

General corporate use

Undisclosed


  • Other takeaways

Some other key highlights of the IPO, such as the FlySBS Aviation IPO price, face value and much more, are discussed below.

Particular

Details

Face Value (₹)

10

Price Range (₹)

210 to 225

Listed at

NSE Emerge


  • Categorisation of different investors 

Let's now examine the subscription status for each investor category as of August 1, 2025, at 5 p.m.


Category

Reservation

Application

Subscription

Retail

15.15 Lakhs

74.86 Lakhs

4.94x

Institutional

8.65 Lakhs

0.00x

NII

6.49 Lakhs

29.21 Lakhs

4.50x

Total

30.31 Lakhs

104.08 Lakhs

3.43x

Key Financials of FlySBS Aviation IPO

The table below shows the important fiscal highlights of the FlySBS Aviation NSE SME IPO, along with other key ratios.


Particulars

FY 2025 (₹ Lakhs)

FY 2024 (₹ Lakhs)

FY 2023 (₹ Lakhs)

Revenue from Operations

19,389.56

10,648.69

3,410.72

EBITDA

4,141.23

1498.85

522.83

PAT

2,840.61

1,124.92

344.06

Cash PAT

2,872.18

1152.23

345.34

EPS (Basic and Diluted in ₹)

25.47

14.41

5.64


Metrics and Ratios

Particulars

FY 2025

FY 2024

FY 2023

EBITDA Margin (%)

21.20

14.04

15.07

PAT Margin (%)

14.54

10.54

9.92

Current Ratio

3.72

3.63

1.53

Debt-Equity Ratio

0.14

0.05

0.30

Return on Equity

32.25

38.35

45.02

Total aircraft

3

3

2

Total chargeable flying hours

2600:00:01

1,486:08

522:18

Unique destinations

340

301

97

Total departures

479

361

114

Strengths and Risks of FlySBS Aviation IPO

Discussed in this section are the strengths and risks associated with the FlySBS Aviation IPO.


Strengths


  1. Experienced promoters and management with extensive domain expertise.

  2. High entry barrier to the industry.

  3. In-house fleet with operational expertise.

  4. It belongs to a group of companies called Afcom Holdings Limited.


Risks


  1. Instances of non-compliance in the past.

  2. Financials may be impacted by a rise in the price of aviation turbine fuel.

  3. Promoters and directors might have an interest in companies in the same industry.

  4. 95.05% of total revenue came from the top 10 clients in FY 2024-25.

Should You Choose FlySBS Aviation IPO?

Before deciding if the FlySBS Aviation IPO is worth your time or not, you should consult the FlySBS Aviation IPO date, issue price details, issue size and company metrics. Moreover, the FlySBS Aviation IPO GMP as of 12.02 PM on 4 August 2025 is ₹ 195. Click here for further GMP updates. However, investors must remember that Grey Market prices are not representative of actual stock market prices.


But click here to check the live subscription details before choosing Apply Now.

FAQs

  1. What is the FlySBS Aviation IPO review?

The IPO opened on 1 August 2025 and will close on 5 August 2025. With a Face value of ₹10, the IPO is listed on NSE Emerge. Industry trends give a positive outlook. Moreover, the company enjoys a niche with entry barriers. However, the majority of revenue comes from a limited clients. For GMP updates, click here.


  1. What is the FlySBS Aviation IPO GMP?

As of 12.02 PM on 4 August 2025, the FlySBS Aviation IPO GMP is ₹ 195. Click here for further GMP updates. However, note that Grey Market prices are not representative of actual stock market prices.


  1. How to view the FlySBS Aviation IPO subscription status.

You can click here to view the live subscription status of the FlySBS Aviation IPO. Moreover, to check the allotment status, you can visit the official website of the registrar, that is MUFG Intime India Private Limited.


  1. What is the FlySBS Aviation IPO date?

The IPO opened on 1 August 2025 and will close on 5 August 2025. The UPI mandate closes at 5 PM on the closing date. To keep track of the IPO, visit the live subscription details of the FlySBS Aviation IPO.


  1. Do I need a demat account for investing in the FlySBS Aviation IPO?

A demat account is necessary for any stock-related transaction, including investing in an IPO. Click here to check the top brokers in India offering the best demat accounts.
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