The Indian stock market is buzzing as FlySBS Aviation Ltd. prepares for its grand debut on the NSE SME platform. With a record-breaking 320x subscription, sky-high grey market premium (GMP), and strong fundamentals, this FlySBS Aviation IPO has caught the attention of retail investors, HNIs, and institutional giants alike. Here’s your one-stop guide to the FlySBS IPO—from price band and subscription figures to GMP, allotment, and listing outlook.
📌 Company Overview: FlySBS Aviation Ltd.
FlySBS Aviation, based in Chennai, is a DGCA-approved non-scheduled airline company providing private jet charter services across India and international routes. Since its incorporation in 2020, FlySBS has developed a lean, profit-driven business model focusing on high-net-worth clients and corporate flyers.
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Business Model: Aircraft leasing + charter services
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Fleet: Cessna, Falcon, Bombardier, and Embraer jets
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Flying Hours (FY25): ~2,600 hrs (1,812 international)
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FY25 Revenue: ₹195.38 crore
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FY25 Net Profit: ₹28.41 crore
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PAT Margin: ~14.5% — impressive for aviation SMEs
💸 IPO Details at a Glance
| Particulars | Details |
|---|---|
| IPO Size | ₹102.53 crore |
| Price Band | ₹210 – ₹225 per share |
| Face Value | ₹10 per share |
| Issue Type | Book-Built Issue (NSE Emerge) |
| Lot Size | 600 shares (Retail min: 1,200 shares) |
| Retail Investment | ₹2.52 lakh (minimum) |
| HNI Investment | ₹4.05 lakh (minimum) |
| Fresh Issue Only | 45.57 lakh shares |
| IPO Registrar | MUFG Intime India Pvt Ltd |
📅 Key IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | August 1, 2025 |
| IPO Closing Date | August 5, 2025 |
| Allotment Finalization | August 6, 2025 |
| Refunds Initiation | August 7, 2025 |
| Demat Credit | August 7, 2025 |
| Listing Date (NSE SME) | August 8, 2025 |
📈 Record-Breaking Subscription Status
The IPO witnessed unprecedented investor demand, clearly reflected in its subscription numbers:
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🏦 QIB (Institutional Investors): 192×
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💼 NII (High Net-Worth Individuals): 416–563×
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🧍♂️ Retail Investors (RII): 286×
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📊 Overall Subscription: 318–320×
Such massive oversubscription puts FlySBS among the top SME IPOs in Indian history, indicating extremely limited chances for full allotment in the retail category.
💰 FlySBS IPO GMP Today
As of August 6, 2025:
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GMP (Grey Market Premium): ₹215–₹225
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Estimated Listing Price: ₹440–₹450 per share
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Listing Gain Expected: ~95%–100% over issue price
This shows extremely strong secondary market interest, pointing toward a potential multibagger listing.
🧾 How to Check FlySBS IPO Allotment Status
To check if you’ve received shares in this hot SME IPO:
🧾 MUFG Intime India (Registrar)
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Go to: intime.co.in/ipo
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Select FlySBS Aviation IPO
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Enter PAN/Application No./DP ID-Client ID
🔍 NSE Allotment Portal
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Visit: NSE IPO Allotment
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Search for FlySBS Aviation Ltd IPO
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Enter PAN number or application ID
⏱ Pro Tip: Allotment results are live from August 6 evening, and shares (if allotted) will reflect in Demat on August 7, 2025.
🧠 Use of IPO Proceeds
FlySBS Aviation plans to utilize the ₹102.5 crore as follows:
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₹80.5 crore – Lease/acquire 6 pre-owned aircraft
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₹7.3 crore – Debt repayment
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Remaining – Working capital, expansion, general corporate
This indicates clear intent to scale operations, grow fleet size, and improve operational cash flow—strategically strong moves post-IPO.
📊 FlySBS Aviation SME IPO: Strengths & Risks
✅ Key Strengths
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Proven revenue model and FY25 profitability
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Huge addressable market for private aviation
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Strong GMP + investor buzz
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Asset-light model with high scalability
⚠️ Risks to Watch
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Cyclical nature of aviation sector
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Heavy reliance on lease model
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SME listing means low post-listing liquidity
🗣 Market Sentiment & Analyst Take
Given the GMP trend, record subscription levels, and robust financials, analysts expect a stellar listing. The retail and HNI frenzy signals faith in the company’s business model and India’s growing appetite for luxury and corporate travel solutions.
📝 Final Verdict: Should You Invest?
With a near 100% premium expected on listing day and sound fundamentals, FlySBS Aviation IPO appears to be a textbook example of a winning SME bet. While retail allotment chances are slim due to heavy oversubscription, listing gains seem highly probable, especially if broader market sentiment remains bullish.
Ideal For:
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Listing gain seekers
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HNIs/Super HNIs
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Investors bullish on India’s aviation growth
📊 Verdict: “Subscribe for listing gains and long-term value.”
📉 Stock Market Disclaimer
Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
