FlySBS Aviation Ltd IPO
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FlySBS Aviation Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 45.57 L | TBA | TBA | ₹ 56.19 L | NSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 01 Aug, 25 | 05 Aug, 25 | TBA | TBA | Book Building - SME | 08 Aug, 25 |
FlySBS Aviation Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 4557000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
FlySBS Aviation Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 14.19 | 4.13 | 1.39 |
| EBITDA | 14.46 | 4.14 | 1.40 |
| PAT | 11.25 | 3.44 | 1.00 |
| Total Assets | 32.34 | 12.39 | 7.48 |
| Share Capital | 3.21 | 2.15 | 2.00 |
| Total Borrowings | 11.94 | 3.94 | 2.72 |
| Operating Activities (Net Cash) | 11.52 | 3.45 | 1.01 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 11.94 | 3.94 | 2.72 |
| Net Cashflow | 8.33 | 2.53 | 0.04 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About FlySBS Aviation Ltd
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.
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.
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.
Peer Comparison:
- No listed Industry Peers
FlySBS Aviation Ltd IPO Key Points
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 our group company, Afcom Holdings Limited.
- Operational excellence, aircraft maintenance and tailored solutions for our clients.
Risk
- 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.
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.
- 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.
How To Apply for FlySBS Aviation Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
