Flywings Simulator Training IPO

₹1,08,600/600 shares

Minimum Investment

IPO Details

Open Date

05 Dec 25

Close Date

09 Dec 25

Minimum Investment

₹1,08,600

Lot Size

600

Price Range

₹181 to ₹191

Listing Exchange

NSE

Issue Size

₹57.05 Cr

Listing Date

12 Dec 25

Open Free Demat Account

Flywings Simulator Training IPO Timeline

Bidding Start

05 Dec 25

Bidding Ends

09 Dec 25

Allotment Finalisation

10 Dec 25

Refund Initiation

11 Dec 25

Demat Transfer

11 Dec 25

Listing

12 Dec 25

Flywings Simulator Training Centre Ltd.

Incorporated in 2011 and headquartered in Gurgaon, Flywings Simulator Training Centre Ltd. provides comprehensive aviation training, including cabin crew, ground staff, emergency procedures, first aid, and safety operations. The company serves domestic and international airlines, using advanced simulators and training devices like A-320 CEET, Boeing 787 door trainers, fire trainers, and water survival drills. Over the last three years, Flywings has trained more than 20,000 aviation professionals, ensuring high-quality, practical, and industry-aligned training.

Flywings Simulator Training IPO Overview

Flywings Simulator Training Centre IPO is a book-built issue worth ₹57.05 crore, consisting of a fresh issue of 0.25 crore shares aggregating ₹47.99 crore and an offer for sale of 0.05 crore shares aggregating ₹9.05 crore. The IPO opens on 5 December 2025 and closes on 9 December 2025, with allotment expected on 10 December 2025. The company will list on NSE SME, with a tentative listing date of 12 December 2025. The price band is ₹181–₹191 per share, with a lot size of 600 shares. Gretex Corporate Services Ltd. is the book-running lead manager, Bigshare Services Pvt. Ltd. is the registrar, and Gretex Share Broking Pvt. Ltd. is the market maker.

Flywings Simulator Training IPO Details

Particulars	Details
IPO Date	5 December 2025 to 9 December 2025
Listing Date	12 December 2025
Face Value	₹10 per share
Issue Price Band	₹181 to ₹191 per share
Lot Size	600 Shares
Total Issue Size	29,86,800 shares (aggregating up to ₹57.05 Cr)
Reserved for Market Maker	1,49,400 shares (₹2.85 Cr)
Fresh Issue (Ex Market Maker)	23,63,400 shares (₹45.14 Cr)
Offer for Sale	4,74,000 shares (₹9.05 Cr)
Net Offered to Public	28,37,400 shares (₹54.19 Cr)
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Shareholding Pre Issue	76,64,328 shares
Shareholding Post Issue	1,01,77,128 shares

Flywings Simulator Training IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII	Not less than 15% of the Net Issue

Flywings Simulator Training IPO Lot Size

Application	Lots	Shares	Amount
Individual Investors (Retail) Min	2	1,200	₹2,29,200
Individual Investors (Retail) Max	2	1,200	₹2,29,200
S-HNI Min	3	1,800	₹3,43,800
S-HNI Max	8	4,800	₹9,16,800
B-HNI Min	9	5,400	₹10,31,400

Flywings Simulator Training IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	85.69%
Post-Issue	To be calculated

Objectives of the Proceeds

Capital expenditure towards pilot training equipment: ₹35.34 Cr

General corporate purposes

Key Financials (Standalone, ₹ Crore)

Particulars	31 Mar 2024	31 Mar 2023
Assets	44.95	16.38
Total Income	22.60	10.44
Profit After Tax	10.74	4.16
Reserves and Surplus	23.74	1.07
Total Borrowing	10.70	7.67

Financial KPIs (FY March 2025)

KPI	Value
ROE	34.75%
ROCE	28.62%
Debt/Equity	0.37
RoNW	34.75%
PAT Margin	54.02%
EBITDA Margin	66.85%
Price to Book Value	3.75
Market Capitalization	₹194.38 Cr
EPS Pre-IPO	14.24
EPS Post-IPO	5.42
P/E (Pre-IPO)	13.41
P/E (Post-IPO)	35.22

SWOT Analysis of Flywings Simulator Training IPO

Strength and Opportunities

Experienced promoters and skilled management team
Well-established domestic market presence
Strong relationships with domestic airlines
State-of-the-art simulator infrastructure
Recurring revenue from repeat training contracts

Risks and Threats

Limited international presence
Regulatory changes may impact operations
High dependency on airline clients
High operational costs and maintenance
Competition from emerging training providers

Upcoming SME IPOs

Neptune Logitek IPO

Pajson Agro India IPO

Unisem Agritech IPO

Riddhi Display Equipments IPO

Prodocs Solutions IPO

K. V. Toys India IPO

View Upcoming SME IPOs

Explore IPO Opportunities

Explore our comprehensive IPO pages to stay updated on the latest trends and insights.

Upcoming SME IPOs

Current SME IPOs

Closed SME IPOs

About Flywings Simulator Training Centre Ltd.

Flywings Simulator Training Centre IPO Strengths

Promoters and management have extensive experience in aviation training.

Strong, specialized simulator infrastructure aligned with majority of Indian fleet types.

Recurring revenue from training contracts with domestic and international airlines.

Regulatory compliance model ensures operational flexibility and reliability.

Strategic location in Gurgaon with high entry barriers for competitors.

Well-established presence in aviation training for over a decade.

Peer Group Comparison

As per the DRHP, there are no comparable listed peer of the company and therefore information related to peer is not provided

How to apply IPO with HDFC SKY?

Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.

1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App