Flysbs Aviation Ltd’s SME IPO has caught the eye of investors with strong market demand and a soaring grey market premium (GMP). On Day 2 of its offer period (August 1–5, 2025), the GMP reached ₹195, suggesting a sharp listing price around ₹420 — nearly doubling the upper issue price of ₹225. This implies a potential listing gain of approximately 86%, according to grey market trackers like InvestorGain.
With robust demand from retail and HNI investors, the IPO is quickly turning into one of the most talked-about SME issues of the year. Set to list on August 8, 2025, Flysbs Aviation’s public offer is already oversubscribed by nearly 19× — reflecting significant market confidence in the luxury air charter company.
Flysbs Aviation IPO Subscription Status: Retail and HNIs Show Strong Interest
On the second day of bidding (as of 12 PM), Flysbs Aviation’s IPO received a phenomenal response:
- Retail Segment: ~28.7× subscribed
- High Net Worth Individuals (HNIs): ~23×
- Qualified Institutional Buyers (QIBs): ~0.01× (minimal)
- Total Subscription: Over 19×
This strong participation — especially in the retail and HNI categories — indicates widespread interest despite limited institutional demand. HNI bids started at around ₹4 lakh (minimum three lots), underlining bullish sentiment in the market.
About Flysbs Aviation & Use of Funds
Founded in August 2020 and based in Chennai, Flysbs Aviation is a DGCA-approved, non-scheduled charter operator. It caters primarily to high-end clients including corporate executives, celebrities, VIPs, and foreign diplomats.
Key Financial Highlights (FY25):
- Revenue: ₹195.38 crore (up 83% YoY)
- Profit After Tax: ₹28.41 crore (up 153% YoY)
- Flight Hours Operated: ~2,600 (70% international)
IPO Fund Utilization:
- Acquisition of six pre-owned aircraft via long-term dry leases
- Partial repayment of existing loans
- Working capital support for business expansion
Managing Director Capt. Deepak Parasuraman shared that the IPO proceeds will help “expand our fleet and extend our operational network in a structured and sustainable manner.”
GMP Update & Listing Expectations
As of August 4, Flysbs Aviation’s GMP is ₹195, implying a listing price of ₹420 — an 86.7% premium over the issue price of ₹225. While this excites investors, it’s important to note that:
- GMP is unofficial and driven by speculative demand
- Listing prices depend on broader market sentiment and allotment
- A fall in GMP before August 8 could impact opening price
Despite this, SME IPOs with similar demand profiles have historically delivered strong post-listing performance, often sustaining above-issue levels in early trading sessions.
Investor Takeaways & Risk Factors
Key Positives:
- High oversubscription by retail and HNI investors
- Robust YoY financial growth
- Clear plan to scale operations and fleet
Cautionary Notes:
- Institutional investor participation is low
- GMP is volatile and can fall before listing
- Broader market volatility may influence listing performance
- Read the Red Herring Prospectus (RHP) to understand risk areas like debt exposure and revenue dependency on charter demand
Advice for Investors:
Retail applicants should weigh partial profit-booking on listing day, especially if the GMP-driven price holds. Consider long-term hold only after assessing post-listing financial performance and market sentiment.
Conclusion
Flysbs Aviation Ltd’s IPO is charting a bullish trajectory in the SME space. With an overwhelming 19× subscription rate and a soaring GMP of ₹195, it is set for a strong listing on August 8, 2025. The company’s financial performance, ambitious fleet expansion, and niche market positioning support this optimism. However, as with all IPOs, investors should tread with care — keeping in mind that grey market premiums are not guarantees but only speculative indicators.
F.A.Q.
– What is the price band of the Flysbs Aviation IPO?
The price band is set at ₹210 to ₹225 per share, with the upper price being used for allotment calculations.
– What is the Flysbs Aviation IPO GMP today?
As of August 4, 2025, the Grey Market Premium (GMP) is around ₹195, indicating a possible listing price of approximately ₹420 — nearly 86% above the issue price.
– When will Flysbs Aviation IPO list on the stock exchange?
The IPO is expected to list on the NSE SME platform on August 8, 2025.
– How much was the IPO subscribed by investors?
By mid-Day 2, the IPO was oversubscribed nearly 19×, with strong participation from retail (28.7×) and HNI (23×) investors. QIB demand was minimal at ~0.01×.
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