Flysbs Aviation IPO: GMP soars 96%; issue subscribed 84.52 times on Day 3 so far
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The last day grey market (GMP) for Flysbs Aviation's SME IPO was Rs 215. Given the IPO's price band of Rs 225, the estimated listing price is calculated to be around Rs 440 by combining the upper cap price with the current GMP. This suggests an expected gain of approximately 95.56% per share for investors, indicating a potentially strong upside on the listing day.Flysbs Aviation IPO received an exceptional response from investors, with overall subscriptions reaching 84.52 times on the NSE by 12:45 pm on Tuesday.
Looking closer, the issue was particularly popular among individual investors, who submitted 1.84 lakh applications and bid for 22.14 crore shares. Qualified Institutional Buyers (QIBs) placed bids for 66.35 lakh shares, while Non-Institutional Investors (NIIs) showed strong interest by bidding for 15.91 crore shares. This robust demand across all investor categories underscores the widespread enthusiasm for the IPO.
The Flysbs Aviation IPO is priced in a band of Rs 210–225 per share
Based in Chennai, Flysbs Aviation is one of the few aviation startups focused exclusively on private jet operations, offering a full range of ultra-luxury, super luxury, and high-speed jets for both domestic and international clients. In FY25, the company clocked 2,600 flight hours, with nearly 70% of its flying done internationally.Backed by promoters with deep domain knowledge, the company is eyeing fresh capital to acquire six new aircraft on long-term dry lease, repay borrowings, and fund general corporate needs.
Financially, the company's FY25 profit after tax surged 153% to Rs 28.41 crore, while revenue jumped 83% year-on-year to Rs 195.38 crore.
ADVERTISEMENT Investors will be watching closely whether this sky-high GMP translates into a smooth takeoff on listing day.Vivro Financial Services is the book-running lead manager, while MUFG Intime (Link Intime) is the registrar to the issue. Giriraj Stock Broking is the market maker.
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Also read: JSW Cement IPO: GMP signals 12% listing gains ahead of IPO opening. Check details (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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