FlySBS Aviation Ltd - IPO

FlySBS Aviation Ltd IPO Details

Initial public issue of upto 45,57,000 equity shares of face value of Rs. 10/- each of Flysbs Aviation Limited (Formerly Known as Flysbs Aviation Private Limited) (FLYSBS or the Company or the Issuer) for cash at a price of Rs. 225/- per equity share including a share premium of Rs. 215/- per equity share (the Issue Price) aggregating to Rs. 102.53 crores (the Issue), of which 2,29,800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 225 per equity share including a share premium of Rs. 215 per equity share aggregating to Rs. 5.17 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 43,27,200 equity shares of face value of Rs. 10/- each at a price of Rs. 225 per equity share including a share premium of Rs. 215 per equity share aggregating to Rs. 97.36 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.34 % and 25.01 %, respectively, of the post issue paid up equity share capital of the company.

Objective of issue

Funding capital expenditure towards acquisition of six new aircraft on long term dry lease basis. Repayment/prepayment, in full or part, certain outstanding borrowings availed by the company. General corporate purposes.

FlySBS Aviation Ltd Contact Details

FlySBS Aviation Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - corporate@sbsaviation.in

Website - www.sbsaviation.in