Flysbs Aviation IPO, Aug. 1 -- Private jet service provider, Flysbs Aviation, launched its initial public offer (IPO) on Friday, August 1. The Rs.102 crore issue will remain open for bidding till August 5.

The issue is entirely a fresh issue of Rs.45.57 lakh shares, with the Flysbs Aviation IPO price band set at Rs.210 to Rs.255 per share. Investors can apply for the IPO in lots of 600 shares. Retail investors need to apply for a minimum of two lots or 1,200 shares, requiring an investment of Rs.2,52,000.

The company plans to use the funds raised from the share sale for funding capital expenditure towards the acquisition of six new aircraft on a long-term dry lease basis, repayment of certain borrowings availed and general corporate pur...