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FLY SBS UNLISTED SHARES Logo

FLY SBS UNLISTED SHARES

Last Traded Price

₹0.00 ( 0.00 % )

Principles

Company Name FLY SBS UNLISTED SHARES
Market Capitalization (in Cr) ₹ 4375503000.00
ISIN No. INE0VCK01011
No. of Outstanding Shares 11668008
PAN No. AAECF1762D
Face Value ₹ 10.00
EPS ₹ None
PE ratio 0.00
P/S Ratio 39.31
Book value ₹ 56.64
P/BV 6.62
DRHP Filed? Yes
Available on nsdl/cdsl
Sector Flysbs Aviation Limited
CIN U62200TN2020PLC136959
Registration Date May 10, 2025

Stock Performance

Share Details

COMPANY SNAPSHOT

FlySBS Aviation is a fast-growing private jet charter and leasing company in India, led by industry veterans. With a diverse fleet, innovative subscription-based and leasing models, healthy financial growth and proactive capital raising and IPO efforts, they are strategically positioned for domestic and international expansion.

Name & Incorporation: FlySBS Aviation Limited (CIN: U62200TN2020PTC136959), incorporated in August 2020 and based in Chennai, Tamil Nadu

Founders & Leadership:

  • Capt. Deepak Parasuraman – Founder & Director (24+ years in aviation)
  • Kannan Ramakrishnan – Founder Director
  • Ambashankar – Co-founder, CEO

Services & Operations

Facility: Operates under an NSOP (Non-Scheduled Operator Permit) for private jet charter and leasing.

Fleet Composition:

  • Mid‐size jets (e.g., Cessna, Bombardier Challenger 605 – 8–9 seats)
  • Learjet 45 (6–7 seats)
  • Legacy 600 (13 seats)
  • Also uses midsize cabins from Embraer, Falcon

Programs offered:

  • Adhoc charter
  • Subscription-based flight-hours (“Je’Time”, “Flexjet”)
  • Air-time share and dry-lease models

Unique Selling Proposition:

  • Membership/subscription structure for flexible access
  • Customized cabin service (personal chef, branded cutlery, passenger preferences)

Growth Strategy & Capital Raising

Funding: ₹23.78 cr raised via private placement (10,80,910 shares @ ₹220 each) passed at EGM on March 5, 2025.

Pre-IPO equity round backed by Rainmatter (Zerodha), Groww parent, Billionbrains Garage Ventures, and Share India Securities (~5% stake).

IPO Plans: CEO meeting held Jan 2025; proposing IPO of up to 46.5 lakh shares via BSE SME/NSE Emerge.

Expansion roadmap:

  • Add ~5 jets in FY25 under dry-lease.
  • Launch “Je’Time” subscription and mobile flight-booking app.
  • Expand to major metros: Delhi, Mumbai, Bangalore, Chennai, Hyderabad.
  • Initiate overseas aircraft leases via an Ireland/Delaware SPV.

Market Outlook & Positioning

Tapping into India’s growing business jet demand (11% CAGR), targeting HNI & corporate travelers seeking flexibility and luxury.

Differentiators: cost-effective subscription model, personalized on-board experience, flexibility vs ownership.


INDUSTRY OUTLOOK

Market Growth & Demand Drivers

  • Rapid market expansion: India’s aviation market is expected to double to nearly $26 billion (~₹21 lakh cr) by 2030, with private jet charter playing a growing role
  • Business jet movements rose ~18% year-on-year to 106,300 in April–August 2024, nearing pre-pandemic highs
  • Growing HNWI population & business travel: Estimated 1.3 million HNWIs in India fuel demand for private travel, both for convenience and luxury
  • 70% of charter traffic tied to corporate travel—CEOs, startups, and critical meetings
  • Infrastructure & regional connectivity: New general aviation hubs (e.g., Navi Mumbai International Airport) with dedicated hangars & VVIP amenities will support industry growth
  • Government push to build 100 airports by 2030 opens up regional routes underserved by commercial airlines

Sector Expansion & Business Models

  • Charter and membership models: Operators like JetSetGo, Hunch Mobility, Dunes Air, and Club One Air are expanding through on-demand charter and membership structures.
  • Subscription/fractional schemes (e.g., Prince Air’s unlimited flights) are emerging, though regulatory clarity is still pending
  • Aircraft leasing gains momentum: The “Protection of Interests in Aircraft Objects” bill aligns leasing laws with the Cape Town Convention, improving investor confidence and lowering lease rates
  • Fleet expansion & international trend: Estimated ~168 private jets in India in 2024, up ~25% since 2019

Summary

The private jet charter and leasing sector in India is ready to take flight—propelled by booming business travel, a rising affluent population, supportive policy, and new business models.


LATEST SHAREHOLDING

  • Deepak Parasuraman – Founder & Director – 20.50%
  • Shreshtha Business Solutions LLP – Investment Vehicle (LLP) – 24.20%
  • Annamalai T – Early Investor – 12.50%
  • Others (including Rainmatter, Groww, Billionbrains, Share India) – Mixed private investors – 42.80%
  • Total: 100.00%
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