Flywings Simulator IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 181 – 191
Lot Size
600
Issue Size
₹57.05 Cr
Minimum Investment
₹229200 (1200 Shares)
Listing Date
12 December 2025
Subscription
1.75x
About the Company
Flywings Simulator Training Centre Limited, incorporated in 2011, is a leading aviation training organization based in Gurgaon. The company offers end-to-end commercial aircraft training solutions, specializing in aviation procedures, in-flight services, first aid, safety training, emergency evacuation, personality development, and other essential competencies required for aviation professionals.
Flywings Simulator Training Centre Limited serves a distinguished clientele that includes major domestic airlines such as Vistara, IndiGo, SpiceJet, and Air India, as well as international carriers including Himalaya Airlines and WOW Air.
The company is equipped with advanced training devices and simulators, including A320 Cabin Emergency Evacuation Trainer (CEET), Boeing 787 Door Trainers, fire training systems, and water survival training modules, enabling it to deliver high-quality, safety-oriented training programs.
Over the last three financial years, Flywings has delivered more than 20,000 individual training modules to aviation professionals through its specialized training infrastructure.
Services Offered
1. Training Infrastructure Services (B2B)
Providing airlines and aviation organizations access to world-class training infrastructure and simulators for crew training and recurrent safety programs.
2. Training Services (B2C)
Offering comprehensive training programs for individuals, including Cabin Crew Training and Ground Staff Training, designed to prepare candidates for successful careers in the aviation industry.
Promoters
- Ms. Rupal Sanjay Mandavia
Promoters Holding
Holding Pre Issue
85.69%
Holding Post Issue
0.00%
Objects of the Issue
The Company Flywings Simulator IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital Expenditure towards Pilot Training Equipment’s
- General Corporate Purposes
Address / Contact Info
Flywings Simulator Training Centre Ltd.
Ground Floor,
Killa No. 13, Begampur,
Khatula, Sector 35, Sadar Bazar,
Gurgaon, Haryana, 122001
Phone: 01244957945
Email: info@fwstc.co.in
Website: http://www.fwstc.co.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 05 December 2025
IPO Close Date
Tuesday, 09 December 2025
Basis of Allotment
Wednesday, 10 December 2025
Initiation of Refunds
Thursday, 11 December 2025
Credit of Shares to Demat
Thursday, 11 December 2025
Listing Date
Friday, 12 December 2025 — NSE & BSE
Important Dates
Open Date
05 December 2025
Close Date
09 December 2025
Basis Of Allotment
10 December 2025
Listing Date
12 December 2025
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2025 | 31 Mar 2025 |
|---|---|---|
| Assets | 59.4 | 64.65 |
| Revenue | 4.24 | 23.64 |
| Profit After Tax | 1.38 | 10.92 |
| Net Worth | 40.4 | 39.02 |
| Reserve & Surplus | 32.74 | 31.36 |
| Total Borrowings | 14.78 | 18.09 |
EPS Pre
14.24%
EPS Post
5.42%
P/E Pre
13.41
P/E (Post Issue)
35.22x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 34.75 | 86.32 | -414.82 |
| ROCE % | 28.62 | 43.36 | 57.07 |
| Debt / Equity | 0.37 | 0.45 | 7.12 |
| RoNW % | 34.75 | 86.32 | -414.82 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 54.02 | 48.37 | 40.08 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 567000 | 28.53 | 0 |
| Non-Institutional | 426600 | 21.47 | 0 |
| BNII | 284400 | 14.31 | 0 |
| SNII | 142200 | 7.16 | 0 |
| Retail Investors | 993600 | 50 | 0 |
| Total | 1987200 | 100 | 0 |
Subscription Status ( Tue, 09 Dec 25 01:56 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Total | 1987200 | 3476400 | 1.75x |
| Qualified Institutions | 567000 | 884400 | 1.56x |
| Non-Institutional | 426600 | 1630800 | 3.82x |
| BNII | 284400 | 1476000 | 5.19x |
| SNII | 142200 | 154800 | 1.09x |
| Retail Investors | 993600 | 961200 | 0.97x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | 229,200.00 |
| Retail (Max) | 2 | 1,200 | 229,200.00 |
| S-HNI (Min) | 3 | 1,800 | 343,800.00 |
| S-HNI (Max) | 8 | 4,800 | 916,800.00 |
| B-HNI (Min) | 9 | 5,400 | 1,031,400.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Gretex Corporate Services Pvt Ltd
- Sobhagya Capital Options Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Flywings Simulator IPO is a Book-building IPO worth ₹57.05 crores. The price band is ₹181 to 191 per share. The IPO opens on Fri, Dec 5, 2025 and closes on Tue, Dec 9, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Flywings Simulator IPO opens on Fri, Dec 5, 2025 and closes on Tue, Dec 9, 2025
Flywings Simulator IPO Price Band is ₹181 to 191.
Flywings Simulator IPO lot size is 600, and the minimum amount required for application is ₹229200.
The minimum investment for Flywings Simulator IPO is approximately ₹229200 based on the upper price band.
To apply for the Flywings Simulator IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Dec 9, 2025. After submission, funds are blocked until the basis of allotment of Flywings Simulator IPO is finalised.
Flywings Simulator IPO issue size is ₹57.05 crores.
Flywings Simulator IPO allotment date is Sat, Jun 27, 2026.
The registrar for Flywings Simulator IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Flywings Simulator IPO through their official website or helpline.
The Flywings Simulator IPO GMP (Grey Market Premium) is ₹0 as of Fri, Dec 12, 2025. Based on the upper price band of ₹191 per share, the estimated Flywings Simulator IPO listing price is ₹191, indicating a potential listing gain of approximately 31% over the issue price.