FlySBS Aviation Limited is a Chennai-based private aviation company specializing in non-scheduled air charter services across domestic and international routes. Approved by the Directorate General of Civil Aviation (DGCA) as a Non-Scheduled Airline Operator, FlySBS focuses on providing tailored, premium air travel solutions to an elite clientele.
Their customer base includes high-net-worth individuals (HNIs and UHNIs), senior corporate executives, politicians, diplomats, celebrities, and VIPs who demand flexibility, privacy, exclusive destinations, and high-end luxury amenities. The company offers flights that cater to various needs, from urgent medical evacuations and business meetings to promotional events and travel to remote destinations where commercial connectivity is limited.
The company’s premium offerings include:
- Ultra-Luxury Jets
- Large Luxury Jets
- Super Luxury Jets
- High-Speed Jets
To serve varied travel needs, FlySBS has crafted unique membership and chartering programs:
- Je’time Program: For subscribers who value frequent, short-notice flights.
- Flexjet Program: Perfect for clients who fly moderate hours and prefer flexibility.
- Long-term chartering and bespoke membership plans for corporations and regular international travelers.
The company has its presence in multiple cities, including Chennai, Delhi, Mumbai, Bengaluru, Hyderabad, Coimbatore, and Kerala.
The company provides air chartering services on domestic and international routes, successfully flying clients to destinations across six continents.
By FY2025, FlySBS logged 2,600 flying hours, of which 1,812 hours were on international routes—a strong indicator of demand among Indian travelers for global connectivity.
Flysbs Aviation IPO – Details
| IPO Opening Date | 01 August 2025 |
| IPO Closing Date | 05 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 45,57,000 Shares Worth ₹102.53 Crore Fresh Issue: 45,57,000 Shares Worth ₹102.53 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹210 – ₹225 per share |
| Market Lot | 600 Shares |
| Min Order | 600 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | MUFG Intime India Private Limited (Link Intime) |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Flysbs Aviation IPO – Date Schedule
| IPO Open Date | 01 August 2025 |
| IPO Close Date | 05 August 2025 |
| Basis of Allotment | 06 August 2025 |
| Initiation of Refund | 07 August 2025 |
| Credit of Shares to Demat | 07 August 2025 |
| IPO Listing Date | 08 August 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 05, 2025 |
Flysbs Aviation IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹2,70,000 |
| 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 |
Competitive Strengths
- Experienced Promoters and senior management team with industry knowledge;
- Strategic positioning in a high entry barrier industry;
- In-house fleet and existing flight operational experience;
- Synergies with the group company, Afcom Holdings Limited;
- Operational excellence, aircraft maintenance and tailored solutions for the clients;
- Established as a trusted service provider of private jet chartering services to high-net-worth individuals and corporate clients with a track record of consistent growth;
Company Promoters
- Ambashankar
- Capt. Deepak Parasuraman
- Kannan Ramakrishnan
- Bastimal Kishanraj
- Shreshtha Business Solutions LLP
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹34.68 Cr | ₹30.56 Cr | ₹3.44 Cr | ₹3.36 Cr |
| 31 March 2024 | ₹106.72 Cr | ₹92.80 Cr | ₹11.25 Cr | ₹2.56 Cr |
| 31 March 2025 | ₹195.38 Cr | ₹156.39 Cr | ₹28.41 Cr | ₹17.93 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 32.25% |
| ROCE | 41.80% |
| Debt/Equity | 0.14 |
| RoNW | 32.25% |
| PAT Margin | 14.54% |
| EBITDA Margin | 21.20% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding capital expenditure towards acquisition of six new aircraft on long term dry lease basis. | ₹80.47 |
| Repayment/prepayment, in full or part, of certain outstanding borrowings availed by the company. | ₹7.28 |
| General Corporate Purposes. |
✅Strengths
- Premium brand in private aviation.
- Global operations across six continents.
- Innovative programs (Je’time, Flexjet) for frequent flyers.
- Flexible fleet strategy (wet & dry lease).
- Strong demand driven by India’s growing HNIs/UHNIs.
⚠️Risks
- Highly competitive luxury charter market.
- Dependence on key repeat clients.
- Sensitive to fuel price & forex fluctuations.
- Strict regulatory environment.
- Short operating history (since 2020).
Flysbs Aviation IPO Promoter Holding
| Pre Issue Share Holding | 44.08% |
| Post Issue Share Holding | – |
Flysbs Aviation IPO Prospectus
Company Contact Information
| 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 |
Flysbs Aviation IPO Lead Manager(s)
| 1. Vivro Financial Services Private Limited |
Flysbs Aviation IPO FAQ
| What is Flysbs Aviation IPO? Flysbs Aviation IPO is an SME IPO. The issue is priced at ₹210 to ₹225 per equity share. The IPO is to be listed on NSE SME. |
| When Flysbs Aviation IPO will open? The IPO is to open on 01 August 2025 for QIB, NII, and Retail Investors. |
| What is Flysbs Aviation IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Flysbs Aviation IPO? You can apply Flysbs Aviation IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Flysbs Aviation IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Flysbs Aviation IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Flysbs Aviation IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Flysbs Aviation IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Flysbs Aviation IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Flysbs Aviation IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Flysbs Aviation IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Flysbs Aviation IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is the Flysbs Aviation IPO Size? Flysbs Aviation IPO size is ₹102.53 Crore. |
| What is the Flysbs Aviation IPO Price Band? Flysbs Aviation IPO Price Band is ₹210 to ₹225. |
| What is Flysbs Aviation IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1200 Shares with ₹2,70,000 amount, while the maximum bid is 1200 Shares with ₹2,70,000. |
| What is the Flysbs Aviation IPO Allotment Date? Flysbs Aviation IPO allotment date is 06 August 2025. |
| What is the Flysbs Aviation IPO Listing Date? Flysbs Aviation IPO listing date is 08 August 2025. The IPO is to be listed on the NSE SME. |
