FLYSBS Aviation Limited IPO
FLYSBS Aviation Limited, based in Chennai, is a DGCA-approved non-scheduled airline operator offering luxury private air charter services. Catering to high-profile clients like executives, diplomats, and celebrities, the company provides secure, personalized travel experiences. Its flexible business model combines dry-lease and wet-lease aircraft to deliver cost-efficient operations, covering domestic and international routes for business, medical, and exclusive travel needs.
Services & Clientele
FLYSBS offers private air charters, multi-destination travel, medical evacuations, VIP movement, and luxury onboard services. Its clients include corporates, UHNWIs, and HNWIs, often flying to destinations beyond regular commercial routes.
Fleet & Operational Infrastructure
FLYSBS currently operates a 13-seater Embraer Legacy 600 under a long-term dry lease and supplements its fleet with wet-leased premium jets such as Dassault Falcon 2000, Bombardier Challenger 605, and Global 6000. These aircraft offer non-stop endurance of 6–16 hours and are selected based on client route and affordability.
To support operations, the company has partnered with DGCA-approved MRO providers and benefits from robust infrastructure for aircraft maintenance, crew training, and compliance. It operates with a professional team of 22 permanent employees, including 8 trained crew members, with additional staff on retainership for operational flexibility.
Domestic and International Reach
Domestic Reach: FLYSBS connects India’s major metros and Tier-2 cities such as Mumbai, Delhi, Chennai, Hyderabad, Vadodara, Coimbatore, Bhubaneswar, and Guwahati, offering flexible access to over 30+ airports across the country.
International Reach: The company has flown to all six continents, with destinations including Japan, New Zealand, Middle East, Arctic Europe, North America, and Mauritania (Africa). This reflects FLYSBS’s capability to execute complex international missions tailored to client needs.
Operational Scale and Growth
FLYSBS has demonstrated strong operational scalability:
– Flying hours increased from 522 hours in FY23 to 2,600 hours in FY25
– International flying hours rose from 375 hours to 1,812 hours during the same period
– Corporate clients accounted for 94–95% of revenue over the past three years, with the rest from UHNI/HNI individuals
The consistent rise in hours and revenue mix underscores the company’s strong traction in the corporate aviation segment.
Strategic Strengths
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Experienced Leadership: Promoters bring deep expertise in aviation, luxury, and operations.
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High Entry Barriers: Operates in a regulated, capital-intensive industry with limited competition.
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Fleet Growth: Plans to add two 13-seater jets under long-term dry lease.
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Group Synergies: Ties with Afcom Holdings enhance efficiency in MRO, fuel, and ground handling
Objects of the FLYSBS Aviation Limited IPO:
FLYSBS Aviation Limited IPO Details:
Open Date: | Aug 01 2025 |
Close Date: | Aug 05 2025 |
Total Shares: | 45,57,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 102.53 Cr. |
Lot Size: | 600 Shares |
Issue Price: | ₹ 210-225 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Aug 08 2025 |
Promoters And Management:
Financials of FLYSBS Aviation Limited IPO:
Particulars | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
Revenue from Operations | 193.89 | 106.48 | 34.10 |
EBITDA | 41.41 | 14.98 | 5.22 |
EBITDA Margins | 21.20% | 14.04% | 15.07% |
PAT | 28.4 | 11.24 | 3.44 |
PAT Margins | 14.54% | 10.54% | 9.92% |
ROCE | 41.80% | 45.58% | 45.00% |
Debt to Equity Ratio(In Times) | 0.14 | 0.05 | 0.3 |
Operating Cash Flows | 0.01 | 1.22 | 3.5 |
Comparison With Peers:
Recommendation on FLYSBS Aviation Limited IPO:
Lead Manager of FLYSBS Aviation Limited IPO:
Registrar of FLYSBS Aviation Limited IPO:
Discussion on FLYSBS Aviation Limited IPO:
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