The Flysbs Aviation IPO is a book-built issue valued at ₹102.53 crores, and it consists entirely of a fresh issue of 45.57 lakh equity shares. This means the company will receive all proceeds from the IPO to support its business expansion. As part of the SME segment, this offering targets investors looking to tap into India’s growing aviation-related service market.
The IPO opens for public bidding on August 1, 2025, and will close on August 5, 2025. Investors have a five-day window to subscribe to the issue. The company has planned its listing on the NSE SME platform, with a tentative listing date set for August 8, 2025. Interested investors should note the schedule carefully to ensure timely participation in the Flysbs Aviation IPO.
The IPO price band is set at ₹225 per share, with a lot size of 600 shares. Retail investors are required to invest in a minimum of 1,200 shares, which amounts to ₹2,52,000. For HNIs, the entry point starts at 1,800 shares (3 lots), totaling ₹4,05,000. The high application amount signals a focus on serious, long-term investors.
Flysbs Aviation IPO Details
| General | Detail |
|---|---|
| IPO Date | August 1, 2025 to August 5, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹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 |
| Share Holding Post Issue | 1,73,03,751 shares |
Flysbs Aviation IPO Timeline
The Flysbs Aviation IPO will open on August 1, 2025, and close on August 5, 2025.
| IPO Timeline | Dates |
|---|---|
| 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 August 5, 2025 |
Flysbs Aviation IPO Lot Size
Investors must apply for at least 1,200 shares, and thereafter in multiples of 600 shares. The table below shows the minimum and maximum investment limits for retail investors and HNIs, including the required number of shares and corresponding application amount.
| 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 IPO Promoter Holding
The promoters of Flysbs Aviation Ltd. are Ambashankar, Capt. Deepak Parasuraman, Kannan Ramakrishnan, Bastimal Kishanraj, and Shreshtha Business Solutions LLP.
| Share Holding Pre Issue | 44.08% |
| Share Holding Post Issue | 32.47% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
Flysbs Aviation IPO Reservation
The Flysbs Aviation IPO offers a total of 45,57,000 equity shares. Out of this, 21,61,800 shares (47.44%) are allocated to QIBs, including 8,65,800 shares (19.00%) for QIBs (Ex-Anchor), 6,49,800 shares (14.26%) for NIIs, 15,15,600 shares (33.26%) for RIIs, and 12,96,000 shares (28.44%) for Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,29,800 (5.04%) |
| QIB Shares Offered | 21,61,800 (47.44%) |
| − Anchor Investor Shares Offered | 12,96,000 (28.44%) |
| − QIB (Ex. Anchor) Shares Offered | 8,65,800 (19.00%) |
| NII (HNI) Shares Offered | 6,49,800 (14.26%) |
| − bNII > ₹10L | 6,63,000 (14.55%) |
| − sNII < ₹10L | 2,16,600 (4.75%) |
| Retail Shares Offered | 15,15,600 (33.26%) |
| Total Shares Offered | 45,57,000 (100.00%) |
Flysbs Aviation IPO Anchor Investors Details
Flysbs Aviation IPO raises ₹29.16 crore from anchor investors. Flysbs Aviation IPO Anchor bid date is July 31, 2025.
| Anchor Investors Details | Detail |
|---|---|
| Bid Date | July 31, 2025 |
| Shares Offered | 12,96,000 |
| Anchor Portion Size (In Cr.) | 29.16 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 5, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 4, 2025 |
About Flysbs Aviation Ltd.
Flysbs Aviation Ltd., incorporated in 2009, is a Chennai-based aviation company engaged in offering specialized services in aviation training, charter operations, and aircraft maintenance. The company operates under the brand name SBS Group and has built a reputation in the aviation education and service sector across India. Over the years, Flysbs Aviation has developed a strong footprint in both civil and defense aviation training programs.
The company holds approvals from DGCA (Directorate General of Civil Aviation) for its flight training operations and aircraft maintenance courses. It currently operates its Aviation Academy and Flying School at multiple airstrips and training bases, including locations in Tamil Nadu and Madhya Pradesh. These facilities are equipped with simulators, modern classrooms, and a fleet of aircraft dedicated to training.
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Flysbs Aviation also runs non-scheduled air charter services, targeting private clients, corporate flyers, and medical emergencies. With a diverse fleet of aircraft and helicopters, the company has expanded into air ambulance services, VIP charters, and logistics support. This adds value to its training arm, offering real-time operational experience to students and professionals.
The launch of the Flysbs Aviation IPO aims to raise ₹102.53 crores through a fresh issue of 45.57 lakh shares, with the proceeds intended for working capital, equipment upgrade, infrastructure expansion, and fleet acquisition. The company’s listing on the NSE SME platform marks a key milestone in its growth story, providing investors with a chance to participate in India’s fast-growing aviation sector.
Company Products
- Aviation Training Academy (DGCA approved)
- Flying School for pilot training (PPL, CPL, etc.)
- Aircraft Maintenance Engineering (AME) programs
- Non-Scheduled Charter Flights
- Air Ambulance and Medical Evacuation
- VIP and Corporate Charter Services
- Aircraft Maintenance Services
- Logistics and Support Flights
Company Strengths
- DGCA-approved aviation training and maintenance programs
- Strong presence in both civil and defense aviation sectors
- Well-equipped flying schools with fleet and simulators
- Experienced team including former air force and commercial pilots
- Presence across multiple states with scalable infrastructure
- Expansion into air ambulance and VIP charter segments
- Proven track record of student placements and industry tie-ups
- Focused use of IPO funds for strategic growth and modernization
Company Financials
Flysbs Aviation Ltd. Financial Information
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 191.84 | 77.15 | 20.12 |
| Total Income | 195.38 | 106.72 | 34.68 |
| Profit After Tax | 28.41 | 11.25 | 3.44 |
| EBITDA | 41.41 | 14.99 | 5.23 |
| Net Worth | 128.85 | 47.32 | 11.33 |
| Reserves and Surplus | 137.63 | 63.23 | 9.57 |
| Total Borrowing | 17.93 | 2.56 | 3.36 |
| Amount in ₹ Crore | |||
Key Performance Indicator (KPI)
The market capitalization of Flysbs Aviation IPO is ₹389.33 Cr.
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 22.28 | 16.42 |
| P/E (x) | 10.1 | 13.71 |
- Note:
- The Pre-Issue EPS is calculated based on the pre-issue shareholding as on the date of the RHP and the latest financial year earnings as of March 31, 2025, as disclosed in the RHP.
- The Post-Issue EPS is derived using the post-issue shareholding and the annualized earnings for the financial year ending March 31, 2025, as mentioned in the RHP.
Objects of the Issue
| 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 | 80.47 |
| 2 | Repayment/prepayment, in full or part, certain outstanding borrowings availed by the company | 7.28 |
| 3 | General Corporate Purposes |
Flysbs Aviation IPO Subscription Status
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 0.00 | 8,65,800 | 0 | 0 |
| NII* | 4.51 | 6,49,800 | 29,32,200 | 731 |
| bNII (bids above ₹10L) | 2.86 | 6,63,000 | 18,96,600 | 7,050 |
| sNII (bids below ₹10L) | 4.78 | 2,16,600 | 10,35,600 | 7,050 |
| Individual Investors | 5.00 | 15,15,600 | 75,82,800 | 6,319 |
| Total | 3.47 | 30,31,200 | 1,05,15,000 | 7,050 |
Flysbs Aviation IPO Contact Details
Flysbs Aviation Ltd. Contact Details
- Flysbs Aviation Ltd.
Plot no. 16 (NP), 3rd Floor, Indiqube Palmyra
SIDCO Industrial Estate, Ekkatuthangal,
Guindy Industrial Estate
Chennai, Tamil Nadu, 600032 - Phone: +91-44 2260 4444
- Email: corporate@sbsaviation.in
- Website: https://sbsaviation.in/
Flysbs Aviation IPO Registrar
- MUFG Intime India Private Limited (Link Intime)
- Phone: +91-22-4918 6270
- Email: flysbsaviation.ipo@in.mpms.mufg.com
- Website: https://linkintime.co.in/Initial_Offer/public-issues.html
- Total issue size: ₹102.53 crore
- Fresh issue only: 45,57,000 equity shares
- No Offer for Sale (OFS)
- Price band: ₹225 per share
- Lot size: 600 shares
- Minimum investment: ₹2,52,000 (1,200 shares)
- Allotment Date: August 6, 2025 (Tentative)
- Listing Date: August 8, 2025 (Tentative)
- Exchange: NSE SME platform
- QIB: 21,61,800 shares (47.44%)
- QIB (Ex-Anchor): 8,65,800 shares (19.00%)
- NII: 6,49,800 shares (14.26%)
- Retail: 15,15,600 shares (33.26%)
- Anchor Investors: 12,96,000 shares (28.44%)
- Ambashankar
- Capt. Deepak Parasuraman
- Kannan Ramakrishnan
- Bastimal Kishanraj
- Shreshtha Business Solutions LLP
- Working capital requirements
- Fleet expansion and infrastructure upgrades
- Purchase of aviation equipment
- General corporate purposes
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