Flysbs Aviation IPO open now; price band : Rs 210-225

Mumbai, 1 August 2025: Flysbs Aviation Ltd., a Chennai-based private jet service provider, has launched its initial public offering (IPO) today, with the issue set to close on 5 August 2025. The ₹102.53 crore book-building IPO comprises a complete fresh issue of 45.57 lakh equity shares, aimed at funding aircraft acquisitions and reducing debt. The company will be listed on the NSE SME platform, with a tentative listing date of 8 August 2025.

IPO Price Band Set at ₹210-₹225 Per Share; Retail Investors Need ₹2.52 Lakh Minimum to Apply

Flysbs Aviation has fixed the price band for its IPO between ₹210 and ₹225 per share. Retail investors must apply for a minimum of 1,200 shares (2 lots), translating to a minimum investment of ₹2,52,000. High Net-worth Individuals (HNIs) are required to invest in a minimum of three lots (1,800 shares), amounting to ₹4,05,000.

Vivro Financial Services Private Limited is acting as the book-running lead manager for the issue, while MUFG Intime India Private Limited (Link Intime) serves as the registrar. Giriraj Stock Broking Private Limited is the designated market maker.

Flysbs Aviation IPO Structure: Entirely a Fresh Issue to Support Fleet Expansion

The entire IPO consists of a fresh issue of 45,57,000 equity shares. The net issue is allocated as follows:

• Market Maker Reservation: 2,29,800 shares (₹5.17 Cr)
• Net Offered to Public: 43,27,200 shares (₹97.36 Cr)
• Retail Quota: Not less than 35% of the net issue
• NII Quota: Not less than 15% of the net issue
• QIB Quota: Not more than 50% of the net issue

The face value of the equity shares is ₹10 per share. The post-issue shareholding is expected to rise to 1,73,03,751 shares from the pre-issue level of 1,27,46,751 shares.

IPO Timeline: Listing Expected on 8 August 2025 on NSE SME

Investors should note the following timeline for the IPO process:

• IPO Opens: Friday, 1 August 2025
• IPO Closes: Tuesday, 5 August 2025
• Allotment Finalisation: Wednesday, 6 August 2025
• Refunds Initiation: Thursday, 7 August 2025
• Demat Credit of Shares: Thursday, 7 August 2025
• Tentative Listing Date: Friday, 8 August 2025
• UPI Mandate Cut-Off: 5 PM on 5 August 2025

IPO Proceeds to Fund Six Aircraft Acquisition and Reduce ₹7.28 Cr in Debt

Flysbs Aviation plans to utilise the proceeds from Flysbs Aviation IPO primarily for fleet expansion and balance sheet improvement. The key objectives of the issue are:

• Funding capital expenditure for acquiring six aircraft on a long-term dry lease – ₹80.47 Cr
• Repayment or prepayment of certain borrowings – ₹7.28 Cr
• General corporate purposes – Balance of net proceeds

Retail Subscription Begins Today; Post-IPO Promoter Holding to Drop to 32.47%

The promoters of Flysbs Aviation-Ambashankar, Capt. Deepak Parasuraman, Kannan Ramakrishnan, Bastimal Kishanraj, and Shreshtha Business Solutions LLP-currently hold 44.08% of the company’s equity. Post-issue, their combined stake will reduce to 32.47%.

Flysbs Aviation Ltd: Private Jet Company with 2,600 Hours of Flying in FY25

Founded on 7 August 2020, Flysbs Aviation Ltd. is a private aviation company offering luxury and ultra-luxury jet services. The company is headquartered in Chennai and operates both domestic and international air charter services, covering destinations across six continents.

Its services include:

• Ultra-Luxury Jets
• Large Luxury Jets
• Super Luxury Jets
• High-Speed Jets

Flysbs Aviation caters to a clientele that includes ultra-high net worth individuals, high net worth individuals, and large corporations. The company operates through various client-specific programs like long-term charters, the Je’time membership, Flexjet, and other subscription-based flying models. As of FY25, Flysbs Aviation clocked 2,600 total flying hours, of which 1,812 hours were international.

Flysbs Aviation Financials: Revenue Jumps 83%, Profit After Tax Up 153% in FY25

Between FY24 and FY25, Flysbs Aviation witnessed strong growth in its financial performance. Revenue surged from ₹106.72 crore in FY24 to ₹195.38 crore in FY25, marking an 83% increase. Profit after tax rose significantly from ₹11.25 crore to ₹28.41 crore, representing a 153% growth. EBITDA also increased from ₹14.99 crore to ₹41.41 crore. The company’s total assets stood at ₹191.84 crore as of 31 March 2025, while net worth rose to ₹128.85 crore.

Borrowings increased from ₹2.56 crore to ₹17.93 crore over the same period, primarily to support the expansion of operations and fleet capacity.

Key Metrics: EBITDA Margin at 21.20%, PAT Margin at 14.54%, ROE at 32.25%

As of 31 March 2025, Flysbs Aviation reported a Return on Equity (ROE) of 32.25% and a Return on Capital Employed (ROCE) of 41.80%. The EBITDA margin stood at 21.20%, while PAT margin was 14.54%. The company’s Debt-to-Equity ratio was at a low 0.14, and the Price to Book Value (P/BV) was recorded at 2.23.

Pre-IPO, the company’s Earnings Per Share (EPS) was ₹22.28, which is expected to be ₹16.42 post-issue. The Price-to-Earnings (P/E) ratio based on pre-issue earnings stood at 10.1, while the post-issue P/E is projected at 13.71.

Flysbs Aviation IPO Offers Growth Opportunity Amid Rising Demand for Luxury Air Travel

With a strategic position in a niche aviation segment and growing demand for high-end travel experiences, Flysbs Aviation’s IPO is expected to attract attention from investors eyeing long-term value in the private aviation space. The company’s consistent operational growth, experienced leadership, and high entry barriers in the segment present a compelling case for consideration.

REF:https://nsearchives.nseindia.com/content/ipo/RHP_FLYSBS.zip

https://nsearchives.nseindia.com/content/ipo/ANCHOR_FLYSBS.zip

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