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15 Days Price Change

FlySBS Aviation IPO

Closing In

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Profile
Issue Size 102.53 Cr
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Price Range 210  to  225 per share
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Min Investment ₹225
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Lot Size 1
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Face Value ₹10
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Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

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. Additionally, our services are frequently sought for critical purposes like medical emergencies, key business meetings, promotional events, and other high-priority engagements. Read More

Basic Info

Face Value 10 per share

Price 210  to  225 per share

P/E (x) 8.8

Sales( Cr.) 194

PAT( Cr.) 28

EPS 25.5

Draft Prospectus

Exchange NSE-SME

Promoter

Company Promoters

Ambashankar Deepak Parasuraman Kannan Ramakrishnan Shreshtha Business Solutions LLP Bastimal Kishanraj

Pre Issue Share Holding 44.08%

Post Issue Share Holding 32.47%

Listing Details:

Listing Price: 427.5

Listing Gain: 47.37%

Current Price: 421.6

Gain On Issue: 421.6 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Aug 01, 2025
Closing Date Aug 05, 2025
Allotment Aug 06, 2025
Refund Aug 07, 2025
Delivery of Shares Aug 07, 2025
Listing Date Aug 08, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 270,000
Retail (Max) -- -- --
S-HNI (Min) 1 1200 270,000
S-HNI (Max) 3 3600 810,000
B-HNI (Min) 4 4800 1,080,000

Objective of the Issue

1. Funding capital expenditure towards acquisition of six new aircraft on long term dry lease basis 2. Repayment/prepayment, in full or part, certain outstanding borrowings availed by our Company 3. General Corporate Purposes.

Issue

Category Nos Bid Bid (x)
QIB 0 166176000 0x
NII 0 366505200 0x
Retail 0 433734000 0x
EMP 0 0 0x
Total 0 966415200 0x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

FlySBS Aviation Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 27 34 106 194
Other Income 1 1 0 1
Total Income 28 35 107 195
Total Expenditure 26 29 92 154
Operating Profit 2 5 15 41
Interest 0 1 1 2
Depreciation 0 0 0 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 1 4 14 39
Provision for Tax 0 1 3 11
Profit After Tax 1 3 11 28
Adjustments 0 0 0 0
Profit After Adjustments 1 3 11 28
Adjusted Earnings Per Share 1.7 5.3 11.7 22.3

FlySBS Aviation Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 5 12 66 150
Minority's Interest 0 0 0 0
Borrowings 3 0 1 8
Other Non-Current Liabilities 0 0 1 2
Total Current Liabilities 5 8 9 32
Total Liabilities 12 20 77 192
Fixed Assets 0 0 5 5
Other Non-Current Assets 4 7 39 67
Total Current Assets 7 12 32 119
Total Assets 12 20 77 192

FlySBS Aviation Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 3 8
Cash Flow from Operating Activities 1 4 1 0
Cash Flow from Investing Activities -1 -2 -37 -28
Cash Flow from Financing Activities -0 1 42 69
Net Cash Inflow / Outflow 0 2 6 41
Closing Cash & Cash Equivalent 0 3 8 50

FlySBS Aviation Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.67 5.33 11.68 22.28
CEPS(Rs) 1.69 5.35 11.96 22.53
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 6.58 17.57 68.79 117.97
Core EBITDA Margin(%) 4.32 13.64 13.86 20.59
EBIT Margin(%) 6.17 15.29 13.82 21.2
Pre Tax Margin(%) 5.06 12.07 13.07 20.11
PAT Margin (%) 3.68 10.09 10.56 14.65
Cash Profit Margin (%) 3.73 10.13 10.82 14.81
ROA(%) 8.09 21.17 23.13 21.12
ROE(%) 25.4 45.02 29 26.23
ROCE(%) 19.79 44.99 35.25 34.67
Receivable days 79.99 63.89 21.54 25.86
Inventory Days 0 0 23.02 14.71
Payable days 0 0 0 0
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.24 0.09 -0.02 -0.1
EV/Core EBITDA(x) 3.84 0.57 -0.17 -0.46
Net Sales Growth(%) 0 25.22 212.21 82.08
EBIT Growth(%) 0 210.46 182.16 179.27
PAT Growth(%) 0 243 226.95 152.52
EPS Growth(%) 0 219.07 118.97 90.78
Debt/Equity(x) 1.15 0.3 0.04 0.12
Current Ratio(x) 1.46 1.53 3.63 3.72
Quick Ratio(x) 1.46 1.53 2.87 3.44
Interest Cover(x) 5.56 4.74 18.41 19.58
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 83% 93% 0% 0%
Operating Profit CAGR 173% 174% 0% 0%
PAT CAGR 155% 204% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 26% 33% 31% 31%
ROCE Average 35% 38% 34% 34%

Company Contact Information

FlySBS Aviation Ltd.

N Saptharishi

+91-44 2260 4444

corporate@sbsaviation.in

Plot No. 16 (N P), 3rd Floor, Indiqube Palmyra Sidco Industrial Estate, Ekkatuthangal Guindy Industrial Estate, City Corporation

IPO Lead Manager(s)

FlySBS Aviation Ltd.

Vivro Financial Services Pvt Ltd

Registrar Info

FlySBS Aviation Ltd.

MUFG Intime India Pvt Ltd.

C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai Mumbai City Maharashtra 400083

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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