Latest news with #FlysbsAviation
Business Standard
3 days ago
- Business
- Business Standard
NSE SME Flysbs Aviation takes off to stratosphere with sky-high listing gains
Shares of Flysbs Aviation was trading at Rs 448.85 on the NSE, a premium of 99.49% compared with the issue price of Rs 225. The scrip was listed at Rs 427.50, a premium of 90% over the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 448.85 and a low of Rs 427.50. About 10.90 lakh shares of the company changed hands at the counter. Flysbs Aviation's IPO was subscribed 212.07 times. The issue opened for bidding on 1 August 2025 and it closed on 5 August 2025. The price band of the IPO was fixed between Rs 210 to Rs 225 per share. 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 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. 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.
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Business Standard
3 days ago
- Business
- Business Standard
Solid debut! Flysbs Aviation lists at 90% premium, hits upper circuit later
Flysbs Aviation IPO listing today, Flysbs Aviation share price: Shares of private air charter services provider Flysbs Aviation made a bumper debut on the NSE SME platform on Friday, August 8, hitting the upper circuit within minutes of listing and continuing their upward momentum. Flysbs Aviation shares were listed at ₹427.50 apiece, representing a 90 per cent premium over the issue price of ₹225 per share. Notably, the National Stock Exchange (NSE) has set a cap on SME IPO listings, restricting the opening price to no more than 90 per cent above the issue price. After listing, the shares gained an additional 5 per cent, surging a total of 99.48 per cent from the issue price to reach the upper circuit of ₹448.85 on the NSE SME. During the session, nearly 0.92 million shares, valued at ₹40.65 crore, exchanged hands. Flysbs Aviation market debut aligned closely with grey market estimates. Ahead of the listing, Flysbs Aviation's unlisted shares were quoted at around ₹465 in the grey market. This suggested a grey market premium (GMP) of ₹240, or approximately 106.67 per cent, over the issue price, according to sources tracking unofficial market activity. Flysbs Aviation IPO details The public offering consisted entirely of a fresh issue of 4.55 lakh equity shares, raising approximately ₹102.53 crore. There was no offer-for-sale component. Priced between ₹210 and ₹225 per share, with a lot size of 600 shares, the IPO saw exceptionally strong demand from investors. The public issue was oversubscribed by whopping 318 times, according to data from the NSE. The subscription window to bid for the Flysbs Aviation IPO was open from August 1 to August 5, 2025. Flysbs Aviation plans to use the funds raised to acquire six new aircraft through long-term dry lease agreements. The company will also allocate a portion of the proceeds toward repaying or prepaying certain outstanding borrowings. Remaining funds will be used for general corporate purposes. About Flysbs Aviation Flysbs Aviation is a Chennai-based provider of private air charter services, operating across both domestic and international routes. According to the company's Red Herring Prospectus, it has served clients on six continents. Its network includes destinations in Japan, the Middle East, New Zealand, Arctic regions in Europe and North America, and Mauritania in Africa.
Mint
3 days ago
- Business
- Mint
Flysbs Aviation shares list at stellar 90% premium at ₹427.50 on the NSE SME: Hit upper circuit post listing
Flysbs Aviation shares listed at a stellar 90% premium at ₹ 427.50 on the NSE SME on Friday. The gains continued as stock hit an upper circuit post listing Flysbs Aviation shares saw a stellar debut as they listed at a 90% premium at ₹ 427.50 on the NSE SME on Friday. The gains for Flysbs shares continued as the stock gained 5% to ₹ 448.85 level post listing. Since the ₹ 448.85 level remained the upper price band the Flysbs Aviation shares hit an upper circuit
Economic Times
3 days ago
- Business
- Economic Times
Flysbs Aviation IPO GMP at 106% before debut on Friday
Private jet operator 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%. ADVERTISEMENT 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%. 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 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 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. ADVERTISEMENT If GMP trends hold, Flysbs Aviation could emerge as a rare SME listing to double investors' wealth on debut day. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
Flysbs Aviation IPO GMP at 106% before debut on Friday
Private jet operator 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.
