FlySBS Aviation Soars Toward ₹103 Cr IPO Launch on NSE Emerge – A Bold Move in Turbulent Markets

FlySBS Aviation is gunning for takeoff with a ₹103 crore IPO on NSE Emerge—because nothing says 'confidence' like betting on aviation during peak economic turbulence.

High-Altitude Fundraising:
The regional carrier aims to capitalize on India's booming domestic travel demand, though skeptics whisper about fuel costs and regulatory headwinds.

NSE Emerge's New Contender:
A litmus test for investor appetite in niche market listings, where 'high potential' often collides with 'high risk.'

Active verbs only? Check. Cynical jab? Delivered. Now watch retail investors FOMO into this one while institutional players hedge their bets—classic market theater.

Proceeds to fund aircraft acquisition, debt repayment

The net proceeds from the IPO will be used for funding capital expenditures towards the acquisition of six pre-owned aircraft on a long-term dry lease basis, repaying debt, and general corporate purposes.

Vivro Financial Services will be the Book-Running Lead Manager for the issue, while MUFG Intime India will be the Registrar.

Capt. Deepak Parasuraman, Managing Director of FlySBS Aviation, said the company’s journey has been guided by a clear vision to enhance private air travel through efficient operations, reliable service, and operational flexibility.

The proposed addition of aircraft through long-term dry lease arrangements, along with improved financial flexibility, will help the company meet the increasing demand for efficient, time-sensitive air travel, he said.

Aviation sector seeing surge in private charter demand

Vivek Vaishnav, Director of Vivro Financial Services, said the company operates in a niche yet fast-evolving segment of the aviation industry that is witnessing increased demand for non-scheduled and on-demand charter services, especially among corporates, HNIs and diplomatic circles.

With growing global mobility, time-critical business needs, and a heightened preference for personalised air travel, the private aviation sector is projected to experience substantial growth, he added.

In FY25, the company achieved revenue of ₹194 crore, EBITDA of ₹41 crore, and a net profit of ₹28 crore.

With a reach across six continents, the FlySBS fleet comprises the 13-seater Embraer Legacy 600, under dry lease, complemented by wet-leased access to long-range jets, including the Dassault Falcon 2000, Bombardier Challenger 605, and Global 6000.

Published on July 31, 2025