NSE SME Flysbs Aviation's IPO ends with subscription of 212.07 times

The initial public offer (IPO) of Flysbs Aviation received bids for 96,64,15,200 shares as against 45,57,000 shares on offer. The issue was subscribed 212.07 times.

The issue opened for bidding on 01 August 2025 and it closed on 05 August 2025. The price band of the IPO was fixed between Rs 210 to Rs 225 per share. The equity shares will list on NSE's SME platform.

The IPO comprised fresh issue of 45,57,000 equity shares. The company intends to utilize the net proceeds for funding capital expenditure towards acquisition of six pre-owned aircraft on long term dry lease basis, repayment/prepayment, in full or part, certain outstanding borrowings availed by the company and general corporate purposes.

Ahead of the Flysbs Aviation on Thursday, 31 July 2025, raised Rs 29.16 crore from anchor investors. The board has allotted 12.96 lakh shares at Rs 225 per share to 6 anchor investors.

Flysbs Aviation is engaged in the business of providing private, non-scheduled air charter services in India, focusing on delivering seamless air travel solutions to an elite clientele. The company is a DGCA-approved Non-Scheduled Airline Operator holding a valid Air Operator Permit. Its 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. Flysbs Aviation's charter services cater to a range of specific travel requirements, such as the convenience of direct travel, multi-destination trips within tight timeframes, and access to locations not served by commercial flights. As of 31 March 2025, the company had 22 permanent employees and has engaged 2 persons on retainership basis.

The company recorded revenue from operations of Rs 193.90 crore and net profit of Rs 28.41 crore for the period ended 31 March 2025.