Flysbs Aviation IPO, Day 2: Check Subscription Status, Latest GMP And More
The price band for the Flysbs Aviation IPO has been fixed between Rs 210 and Rs 225 per share.
The initial public offering (IPO) of Flysbs Aviation Ltd. continued to witness strong demand across investor categories on the second day of bidding. The BSE SME issue was subscribed nearly 30 times on the second day of bidding, till 3:50 p.m. on Monday.
The Flysbs Aviation IPO received bids for more than 8.8 crore shares against 30.31 lakh shares on offer.
The Qualified Institutional Buyers subscribed to their quota 0.59 times. The Non-Institutional Investors booked the issue 33.94 times, while the retail portion was subscribed 43.30 times.
Investors who want to bid for shares in the IPO can check the following details before making an investment call.
Flysbs Aviation IPO GMP Today
The grey market premium (GMP) for the Flysbs Aviation IPO stood at Rs 195 as of 1:54 p.m. on Aug. 4, according to InvestorGain. The latest GMP indicates a listing price of Rs 420 per share at a premium of 86.67% on the upper limit of the price band.
Note: GMP does not represent official data and is based on speculation.
Flysbs Aviation IPO: Key Details
The Flysbs Aviation IPO is a book-building issue worth Rs 102.53 crore. It comprises a fresh issue of 45.57 lakh shares.
Retail investors can participate by bidding for two lots comprising 1,200 shares, requiring an investment of Rs 2,52,000. High Net-Worth Individuals need to bid for at least three lots, amounting to an investment of Rs 4,05,000.
The price band for the IPO has been set between Rs 210 and Rs 225 per share.
The IPO is open for subscription from Aug. 1 to Aug. 5. The allotment of shares is proposed to be finalised on Aug. 6. The company will transfer shares to the Demat accounts of successful bidders on Aug. 7. Refunds for non-allottees will also be processed on the same day.
Shares of Flysbs Aviation are expected to be listed on the NSE SME platform on Aug. 8.
Vivro Financial Services Pvt. is the book-running lead manager of the Flysbs Aviation IPO. MUFG Intime India Pvt. is the registrar and Giriraj Stock Broking Pvt. is the market maker for the issue.
Use Of Proceeds
The company will use proceeds from the IPO to acquire aircraft, clear debt and for general corporate purposes.
About Flysbs Aviation
The company provides private jet services to its customers. Its fleets include Cessna, Falcon, Embraer and Bombardier.
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Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
