In August 2025, India’s IPO market continues to present exciting opportunities, with Flysbs Aviation Ltd. standing out as a key player in the growing aviation sector. Specialising in private jet services, Flysbs is set to raise ₹102.53 crores through its IPO, opening on August 1, 2025. The aviation industry in India has seen significant growth, driven by rising demand for private air travel, both for business and leisure. As infrastructure improves and disposable incomes rise, the sector is poised for further expansion. Flysbs Aviation IPO offers investors a chance to tap into this lucrative market, backed by a positive growth outlook.
About Flysbs Aviation Ltd.
Founded on August 7, 2020, FlySBS Aviation Limited (formerly FlySBS Aviation Private Limited) is an Indian aviation company headquartered in Chennai, Tamil Nadu, specialising in private jet services. The company offers a range of services, including Ultra-Luxury, Large Luxury, Super Luxury, and High-Speed Jets, providing air chartering for both domestic and international routes. FlySBS serves clients across six continents, with operations in major cities like Chennai, Delhi, Mumbai, Bengaluru, Hyderabad, Coimbatore, and Kerala.
The company provides tailored programs such as long-term charter services, the “Je’time” subscription, membership for frequent flyers, and the Flexjet Program for moderate flying hours. Its clientele includes large corporations, ultra-high-net-worth individuals, and high-net-worth individuals. In Fiscal 2025, FlySBS recorded 2,600 total flying hours, including 1,812 international hours.
Key Strengths:
- Experienced leadership with extensive industry knowledge.
- Strong presence in a high-entry-barrier market.
- In-house fleet and operational expertise.
- Synergies with Afcom Holdings Limited.
- Focus on operational excellence and customised solutions.
Flysbs Aviation Ltd. IPO Details
The Flysbs Aviation IPO is a bookbuilding IPO with a total issue size of ₹102.53 crore. The issue is entirely a fresh issue of 45.57 lakh shares. The price band is set at ₹210 to ₹225 per share.
Important IPO Timeline
| Event | Date |
| 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 Aug 5, 2025 |
Key IPO Details
| Particulars | Details |
| 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 (44.08%) |
| Share Holding Post Issue | 1,73,03,751 shares (32.47%) |
Lot Size of Flysbs Aviation IPO
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 1,200 | ₹2,70,000 |
| Individual investors (Retail) (Max) | 2 | 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. Financials
The market capitalisation of Flysbs Aviation IPO is ₹389.33 Cr. Flysbs Aviation Ltd.’s revenue increased by 83% and profit after tax (PAT) rose by 153% between the financial year ending with March 31, 2025, and March 31, 2024.
Key Performance Indicators (as of March 31, 2025)
- 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
Financial Snapshot
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 191.84 | 77 | 20.12 |
| Revenue | 195.38 | 107 | 34.68 |
| Profit After Tax | 28.41 | 11 | 3.44 |
| EBITDA | 41.41 | 15 | 5.23 |
| Net Worth | 128.85 | 47 | 11.33 |
| Reserves and Surplus | 137.63 | 63.23 | 9.57 |
| Total Borrowing | 17.93 | 2.56 | 3.36 |
Flysbs Aviation Ltd.: Industry Outlook
The private jet services industry in India is experiencing robust growth, driven by an increasing number of High Net Worth Individuals (HNIs) and Ultra-HNIs, expanding business travel needs, and the demand for flexible and efficient air travel solutions.
- The industry benefits from increasing disposable incomes and the growing preference for personalised and time-efficient travel.
- India’s economic growth and expanding business activities contribute to a higher demand for corporate air charters.
- The high entry barriers in the private aviation sector ensure that established players like Flysbs Aviation are strategically positioned to capitalise on market opportunities.
- Growth in international travel and the need for global connectivity for elite clientele further fuel demand for air charter services.
- The focus on operational excellence, tailored solutions, and in-house fleet capabilities provides a competitive advantage in this specialised segment.
Use of IPO Proceeds
The company Flysbs Aviation IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
| 1 | Funding capital expenditure towards acquisition of six new aircraft on long-term dry lease basis | 80 |
| 2 | Repayment/prepayment, in full or part, certain outstanding borrowings availed by the company | 7 |
| 3 | General Corporate Purposes | – |
Conclusion
Flysbs Aviation Ltd. presents a strong investment opportunity for those looking to tap into India’s booming private jet services market. With its experienced management, strategic positioning, in-house fleet, and diverse service offerings for an elite clientele, the company is poised for further growth.
Investors considering this IPO should evaluate the company’s robust financial performance and the positive outlook for the private aviation sector. The significant portion of IPO proceeds dedicated to fleet expansion indicates a clear growth strategy. Those looking for exposure to the luxury air charter segment with an established and growing player may find this IPO appealing.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
