FlySBS Aviation delivered a stellar listing on August 8, as its shares debuted at ₹427.50 apiece on the NSE Emerge platform — a 90% premium over its SME IPO price of ₹225 per share. The debut, however, came slightly below grey market expectations, where the company’s unlisted shares were quoting at ₹465, implying a 107% premium. Regulatory norms have capped the maximum listing upside for SME stocks at 90%, curbing further gains at the open.

The SME IPO of the Chennai-based private air charter services provider witnessed overwhelming investor demand, being subscribed an astounding 212 times during its August 1–5 bidding window. The company raised ₹102.53 crore through a fresh issue of 42.57 lakh shares, priced between ₹212–₹225 per share.

According to its IPO prospectus, FlySBS Aviation plans to allocate ₹80.5 crore of the proceeds towards acquiring six new aircraft on a long-term dry lease. An additional ₹7.3 crore will be used for debt repayment, while the remaining funds will go towards general corporate purposes.

FlySBS Aviation operates a 13-seater Embraer Legacy 600 aircraft and also uses Dassault Falcon 2000, Bombardier Challenger 605, and Bombardier Global 6000 jets through wet lease or quasi-charter arrangements from large international business jet operators.

Financially, the company has shown strong momentum, with FY2025 profit surging 152.5% to ₹28.4 crore and revenue climbing 82% to ₹193.9 crore compared to the previous year. Vivro Financial Services served as the merchant banker for the IPO.