Flysbs Aviation IPO Subscribed Nearly 300 Times On Final Day — Check GMP And Other Details Here
The grey market premium (GMP) for the Flysbs Aviation IPO stood at Rs 215 as of 2 p.m. on Aug. 5, according to InvestorGain.
The initial public offering (IPO) of Flysbs Aviation Ltd. witnessed a strong demand across investor categories on the third and last day of bidding on Tuesday, Aug. 5. The NSE SME issue was overall booked nearly 300 times. The IPO opened for subscription on Aug. 1.
The IPO received bids for more than 90 crore shares against 30.31 lakh shares on offer, leading to an overall subscription of 299.37 times, the Chittorgarh data till 3:20 p.m. showed.
The Qualified Institutional Buyers’ (QIBs) category was subscribed 177.71 times, while the Non-Institutional Investors (NIIs) booked their quota 545.95 times. The retail portion of the Flysbs Aviation IPO was booked 263.15 times.
Investors, looking forward to participating in Flysbs Aviation IPO subscription, can check the following details before submitting their bids.
Flysbs Aviation IPO GMP Today
The grey market premium (GMP) for the Flysbs Aviation IPO stood at Rs 215 as of 2 p.m. on Aug. 5, according to InvestorGain. The latest GMP indicates a listing price of Rs 440 per share at a premium of 95.56% over 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 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 allotment of shares is proposed to be finalised on Aug. 6, following the end of the subscription period. The company will transfer shares to the Demat accounts of successful bidders on Aug. 7 and refunds for non-allottees will be initiated 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 has proposed to utilise proceeds from the IPO to acquire aircraft, clear debt and for general corporate purposes.
About Flysbs Aviation
The Chennai-based company provides private jet services to its customers. Its fleets include Cessna, Falcon, Embraer and Bombardier. The company offers ultra-luxury jets, large luxury jets and super luxury jets, as well as high-speed jets.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
