Flysbs Aviation IPO to open with strong buzz as GMP soars to 86%

The initial public offering of Flysbs Aviation will open for subscription on Friday with a flurry of investor interest, buoyed by a soaring grey market premium (GMP) of 86%. The IPO, which is entirely a fresh issue of 45.57 lakh shares aggregating up to Rs 102.53 crore, will close on August 5 and list on NSE SME on August 8.

The 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.

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.