Flysbs Aviation shares list at 90% premium over IPO price on NSE SME platform

Private jet operator Flysbs Aviation made a stellar market debut on Friday, listing at Rs 427.50 apiece on the NSE SME platform, a 90% premium over its IPO price of Rs 225. The IPO had garnered significant buzz in the unlisted market, with its grey market premium (GMP) surging to 106% at the peak.

The IPO, which was priced at Rs 225 per share, commanded an unofficial premium of Rs 239 in the grey market, indicating a likely listing of maximum of 90%. The official listing came in line with GMP expectations.

The company’s Rs 102.53 crore book-built IPO, comprising a fresh issue of 45.57 lakh shares, received an overwhelming response during its August 1–5 bidding window.


Overall, the issue was subscribed 318.68 times, with retail investors bidding 286.06 times, NIIs at 563.64 times, and QIBs at 191.93 times.

Chennai-headquartered Flysbs Aviation operates in the non-scheduled private charter aviation sector, offering a range of jet services including ultra-luxury, super luxury, and high-speed aircraft. The firm clocked a 153% jump in FY25 PAT to Rs 28.41 crore, on a revenue base of Rs 195.38 crore, marking robust operational growth.

Proceeds from the IPO will go toward dry leasing six new aircraft, repaying debt, and general corporate purposes — a clear signal of expansion intent in a niche, high-entry-barrier industry.

If GMP trends hold, Flysbs Aviation could emerge as a rare SME listing to double investors’ wealth on debut day.