Flysbs Aviation IPO GMP at 106% before debut on Friday
Flysbs Aviation
is all set to make its stock market debut on the
NSE SME platform
on Friday riding high on strong investor demand and a scorching
grey market premium
(GMP) of 106%.
The IPO, which was priced at Rs 225 per share, is now commanding an unofficial premium of Rs 239 in the grey market, indicating a likely listing of maximum 90%.
Productivity Tool
Zero to Hero in Microsoft Excel: Complete Excel guide
By Metla Sudha Sekhar
View Program
Finance
Introduction to Technical Analysis & Candlestick Theory
By Dinesh Nagpal
View Program
Finance
Financial Literacy i e Lets Crack the Billionaire Code
By CA Rahul Gupta
View Program
Digital Marketing
Digital Marketing Masterclass by Neil Patel
By Neil Patel
View Program
Finance
Technical Analysis Demystified- A Complete Guide to Trading
By Kunal Patel
View Program
Productivity Tool
Excel Essentials to Expert: Your Complete Guide
By Study at home
View Program
Artificial Intelligence
AI For Business Professionals Batch 2
By Ansh Mehra
View Program
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Curious How AI Is Changing Language Learning?
Talkpal AI
Learn More
The company's Rs 102.53 crore book-built IPO, comprising a fresh issue of 45.57 lakh shares, received an overwhelming response during its August 1–5 bidding window.
Overall, the issue was subscribed 318.68 times, with retail investors bidding 286.06 times, NIIs at 563.64 times, and QIBs at 191.93 times.
Chennai-headquartered Flysbs Aviation operates in the non-scheduled private charter aviation sector, offering a range of jet services including ultra-luxury, super luxury, and high-speed aircraft. The firm clocked a 153% jump in FY25 PAT to Rs 28.41 crore, on a revenue base of Rs 195.38 crore, marking robust operational growth.
Live Events
Proceeds from the IPO will go toward dry leasing six new aircraft, repaying debt, and general corporate purposes — a clear signal of expansion intent in a niche, high-entry-barrier industry.
If GMP trends hold, Flysbs Aviation could emerge as a rare SME listing to double investors' wealth on debut day.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
36 minutes ago
- Time of India
Power consumer complaints remain unheeded as linemen and helpers strike work
Jaipur: At least 2,000 employees of the contractors appointed by the discoms for fault rectification have been on strike for the past three days, causing difficulties for electricity consumers as their complaints for restoring power connections remain unattended. The employees of contractors, Sandha & Company and Vision Plus, said they are demanding a salary hike, which is currently meagre. While the linemen are getting a little over Rs 9,000 a month, the helpers receive Rs 6,600, according to the employees. In fact, their salary was reduced after the new contractors took over the work in 2002. Now, they are demanding hikes up to Rs 21,000 for linemen and Rs 18,000 for helpers. "With this meagre amount, we cannot run our families. We will not resume work until our demands are met," said one of the employees. TOI tried to contact the management of the two companies, but calls and text messages remained unanswered. The employees said that the state govt raised the minimum wage by Rs 27 in 2022, but they did not get the benefits. Sources said in the absence of regular employees, the company has hired temporary workers to manage the maintenance and address consumer complaints, but the temporary measure is not enough. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Time of India
36 minutes ago
- Time of India
NGT fines GMC Rs 17.4L for dumping waste in open
Ghaziabad: The National Green Tribunal has directed GMC to pay an environmental compensation of Rs 17.4 lakh for continuing to dump waste in the open. The action follows a complaint filed in July 2024 by a Loni resident, alleging that the corporation was dumping municipal solid waste (MSW) in an open area, causing pollution. The complaint said that during the monsoon, in the absence of a leachate collection tank, leachate was seeping into groundwater and spilling onto roads, mixing with storm drains. NGT's three-member bench, comprising Chairperson Justice Prakash Shrivastava, Judicial Member Sudhir Agarwal, and Expert Member A. Senthil Vel, admitted the petition on July 31, 2024, and issued a notice to GMC to take remedial measures and submit a compliance report. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida In its reply, GMC said that the site was a designated secondary garbage collection centre, and waste was lifted regularly. However, delays sometimes occurred due to public protests, rain, or other reasons. The corporation also claimed that garbage from Delhi was being dumped illegally at the location, aggravating the problem. The NGT then directed the UP Pollution Control Board to carry out a site inspection, which in its report said, "The total area of the site in question measures 1600 sqm, with about 40 metric tonnes (MT) of MSW lying there at the time of inspection. The site was in an unhygienic condition, emitting a foul odour, with waste scattered in surrounding areas due to the absence of a boundary wall." Based on the findings, the NGT, on July 30 this year, ordered GMC to pay Rs 17.45 lakh for violating the Solid Waste Management Rules, 2016. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Time of India
36 minutes ago
- Time of India
New Goa startup policy promotes women entrepreneurs, 10,000 jobs
Panaji: Aiming to establish Goa as the creative capital of the country, the newly-formulated Goa startup policy 2025 is set to try to promote entrepreneurship among women, with special incentives for women entrepreneurs , and provide employment to 10,000 Goan youths. The policy aims to establish Goa as a beacon for startups, innovation, and entrepreneurship. It seeks to drive economic prosperity and create job opportunities, thus earning recognition as a premier destination at the national and international levels by 2028. The state cabinet approved the policy this week. The policy's mission is to catalyse the growth of Goa's startup ecosystem through specific and measurable goals that align with its vision. This includes fostering an environment where 1,000 startups can thrive, providing 10,000 Goans with meaningful employment within startup ventures, and enabling 100 startups to access venture funding, allowing them to scale their innovations and broaden their impact. It also aims to build strong bridges between govt and startups, actively engaging with govt departments to create opportunities for at least 50 startups to collaborate on projects, encouraging innovation and public-private partnerships. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo The policy's mission is to foster partnerships with incubators, accelerators, maker spaces, entrepreneurs, corporates, investors, educational institutions, industry associations, govt departments, and other stakeholders, to collectively achieve the vision. The policy objectives are to nurture an environment that encourages innovation, risk-taking, and entrepreneurial thinking. It actively supports startups focused on pioneering products, processes, or services and provides startups with access to essential resources, including mentorship, networking, and investment opportunities. The policy aims to create conditions that facilitate the growth and expansion of startups, encourage the active participation of women and other underrepresented groups in entrepreneurship, and back startups dedicated to creating positive social and environmental impacts. It collaborates with institutions and renowned foundations to offer training and resources for building the skills necessary for startup advancement, enabling startups to compete effectively in national and international markets, and simplifying and expediting administrative processes to reduce bureaucratic hurdles for startups. Other objectives include collaborating with industry stakeholders and investors to create a dedicated fund, ensuring financial support for early-stage and growth-stage ventures. It seeks to create binding partnerships with all relevant stakeholders to collectively work towards achieving the mission and vision and foster greater cooperation between govt departments and startups, exploring technology-driven solutions to common challenges. The policy states that to facilitate the creation of dedicated funds for providing various types of support and impetus to startups, the campus innovation scheme, promotion and marketing assistance scheme, skill enhancement scheme, women entrepreneur vitality scheme, R&D reimbursement scheme, salary reimbursement scheme, lease subsidy scheme, and seed capital grant will be implemented. State govt notified the policy in Oct 2021 and re-notified it again in Aug 2022 with a vision to make Goa one of the most preferred startup destinations in India and feature in the top 25 startup destinations in Asia. 'This policy was crucial for promoting startups and also for creating a robust startup ecosystem,' the cabinet said. There are currently 279 startups certified by the state, and incentives amounting to Rs 4 crore have been disbursed for startups against various schemes under the policy. State govt envisions that facilitating entrepreneurship would lead to value creation and job creation. The policy also intends the proliferation of startups and the unleashing of economic opportunities across Goa. 'While govt is committed to promoting entrepreneurs from Goa and generating employment for Goans, the state is open to attracting the best and brightest technology talent from different parts of the world. The infusion of high-end talent will have a positive effect on the state's economic growth, the state's skill quotient, and will enable local Goans to become one of the most sought-after talent pools nationally and globally,' the cabinet said. 'Based on the changing dynamics of the technology industry, entrepreneurs, human capital, and the ever-evolving nature of the startup ecosystem, the policy is sought to be revised to foster innovative startups by providing necessary infrastructure, connecting communities to enable sharing of ideas, experience, and knowledge, and mitigating regulatory and other challenges that impede innovation,' the cabinet said. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
