- Share allotment for Flysbs Aviation IPO will be finalised on 6 August
- IPO saw a 212.07 times subscription on the final bidding day
- Qualified Institutional Buyers bid for 16.61 crore shares against 8.65k offered
The share allotment status for the Flysbs Aviation IPO will be finalised on Wednesday, August 6. The initial public offering (IPO) of Flysbs Aviation Ltd. closed with an overwhelming demand on the third and last day of bidding on August 5. The SME IPO saw an overall subscription of 212.07 times on the final day, as per NSE data.
Flysbs Aviation IPO received bids for 96,64,15,200 shares against 45,57,000 on offer.
The Qualified Institutional Buyers (QIBs) bid for 16,61,76,000 shares against the 8,65,800 on offer. The Non-Institutional Investors' (NIIs) bid for 36,65,05,200 shares against the 6,49,800 on offer, whereas Retail Investors bid for 43,37,34,000 shares against the 15,15,600 on offer.
Following the end of the subscription period, investors are now waiting for the share allotment to be finalised by the company.
Investors who participated in the IPO can check the allotment status on the websites of NSE and the issue registrar, MUFG Intime India (formerly Link Intime).
Steps to Check Flysbs Aviation IPO Allotment Status On NSE
Visit the IPO allotment page on the NSE website here.
Select “Equity & SME IPO bid details”.
Select the company symbol “FLYSBS” from the dropdown list for issue symbols.
Enter PAN details and Application Number.
Click on the “Submit” button to check the share allotment details.
Steps to Check Flysbs Aviation IPO Allotment Status On MUFG Intime India
Visit the IPO allotment page on the issue registrar's official website here.
Select “Flysbs Aviation Ltd” from the drop-down menu for company names. It's important to note that the company name will only appear after finalisation of the share allotment status.
Choose any of these options: PAN, Application Number, DP/Client ID, or Account No / IFSC.
Enter the details as per your selection.
Click on the “Submit” button to check the details.
Flysbs Aviation IPO GMP Today
According to market tracking site, InvestorGain, the grey market premium (GMP) for the Flysbs Aviation IPO stood at Rs 225 as of 6:00 a.m. on August 6. The latest GMP indicates a listing price of Rs 450 per share at a premium of 100% over the upper limit of the price band.
Note: GMP does not represent official data and is based on speculation.
What Next For Flysbs Aviation IPO?
The company is expected to process refunds for non-allottees on August 7. Shares will also be transferred to the Demat accounts of the allottees on the same day.
Shares of Flysbs Aviation are tentatively scheduled to be listed on the NSE SME platform on August 8.
About Flysbs Aviation IPO
The price band for the IPO was set between Rs 210 and Rs 225 per share. The IPO was a book-building issue worth Rs 102.53 crore. It comprised entirely a fresh issue of 45.57 lakh shares.
The company provides private jet services to its customers. It has proposed to utilise proceeds from the IPO to acquire aircraft, clear debt and for general corporate purposes.
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.
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