FlySBS Aviation Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the FlySBS Aviation Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹225
Per ShareLot Size
600 Shares
Minimum Investment
₹1,35,000
Issue Size
₹102.53 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
FlySBS Aviation Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
44.08%
Promoter Holding (Post-Issue)
32.47%
Issue Type
Book Building - SME
ISIN
INE0VCK01011
About the Company
We are engaged in the business of providing private, non-scheduled air charter services from India, focusing on delivering seamless air travel solutions to elite clientele. We are DGCA approved Non-Scheduled Airline Operator holding a valid Air Operator Permit. Our customer base includes entrepreneurs, senior corporate executives, politicians, diplomats, celebrities, and other VIPs, all of whom require tailored services to meet their specific travel needs. These demands often encompass flexible flight schedules, access to exclusive destinations, premium luxury amenities, privacy, and stringent security protocols. Our charter services cater to a range of specific travel needs, such as direct travel convenience, multi-destination within tight timeframes, or access to locations lacking commercial flight connectivity.
Industry Overview
The private jet industry in India has experienced significant growth, expanding from a market size of $187 million in FY19 to $274 million in FY24, reflecting a healthy compound annual growth rate (CAGR) of 8%. This growth can be attributed to several factors, including the rising number of HNIs and UHNIs, the increased need for rapid business travel, and the expansion of economic activities in tier 2 and tier 3 cities. As India's wealth accumulation continues and the demand for personalized, time-efficient travel rises, the private jet market is poised for further expansion. The private jet industry market in India is expected to continue growing at a CAGR of 13-15% over the next five years.
Company History
Our Company was originally incorporated as "FlySBS Aviation Private Limited" a private limited company under the Companies Act, 2013 and received a certificate of incorporation from the Registrar of Companies, Central Registration Centre dated August 07, 2020. Subsequently, the name of our Company was changed from "FlySBS Aviation Private Limited" to "FlySBS Aviation Limited", consequent to conversion of our Company from private limited company to public limited company, pursuant to special resolution passed by the shareholders of our Company in the Extra-ordinary General Meeting held on August 31, 2024 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Central Registration Centre dated October 29, 2024. The corporate identification number of our company is U62200TN2020PLC136959.
Products & Services
- The Company is engaged in the business of providing private, non-scheduled air charter services from India, focusing on delivering seamless air travel solutions to elite clientele.
Growth Strategy
- Growth through fleet expansion under dry lease model.
- Capitalise on growth opportunities in private air chartering service industry.
- Leveraging technology solutions as a strategic strength.
- Leveraging strong sales & marketing channels and client acquisition initiatives.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of upto 45,57,000 equity shares of face value of Rs. 10/- each of Flysbs Aviation Limited (Formerly Known as Flysbs Aviation Private Limited) ("FLYSBS" or the "Company" or the "Issuer") for cash at a price of Rs. 225/- per equity share including a share premium of Rs. 215/- per equity share (the "Issue Price") aggregating to Rs. 102.53 crores ("the Issue"), of which 2,29,800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 225 per equity share including a share premium of Rs. 215 per equity share aggregating to Rs. 5.17 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 43,27,200 equity shares of face value of Rs. 10/- each at a price of Rs. 225 per equity share including a share premium of Rs. 215 per equity share aggregating to Rs. 97.36 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.34 % and 25.01 %, respectively, of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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 our group company, Afcom Holdings Limited.
- Operational excellence, aircraft maintenance and tailored solutions for our clients.
- We operate in a niche industry and cater to an elite class of customers which includes entrepreneurs, high ranking corporate leaders, politicians, diplomats, celebrities and other VIPs. These categories of customers require specialised and customised services as per their requirements. Our inability to provide quality services to these customers could have a material adverse effect on our business, results of operations and financial condition.
- Increase in the rate of Aviation Turbine Fuel ("ATF"), which is a key component in operating costs, may have an adverse effect on our operations and financials.
- We have not yet placed all orders as per Objects of the Issue, which may have an adverse effect on operations.
- One of our members of our Promoter Group, P Karthik Iyer Parasuraman is involved in certain legal proceedings and these proceedings are pending at different levels of adjudication before various courts.
- Failure to comply with covenants in our Aircraft Lease Agreements could adversely affect our Business operations and Financial conditions.