Flywings Simulator IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 05 Dec 2025
Close Date
Tue, 09 Dec 2025
Price Band
₹ 181 – 191
Lot Size
600
Issue Size
₹ 57.05 Cr
Minimum Investment
₹ 229,200 (1200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Flywings Simulator IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹57.05 Crore, comprising a fresh issue of 23.63 Lakh equity shares aggregating to ₹45.14 Crore and an offer for sale (OFS) of 4.74 Lakh equity shares aggregating to ₹9.05 Crore by the existing shareholders.
The Flywings Simulator IPO remained open for subscription from December 05, 2025, to December 09, 2025. The basis of allotment was finalized on December 10, 2025, and the company's shares were listed on NSE SME Platform on December 12, 2025.
The company had fixed the price band at ₹181 to ₹191 per share, with a lot size of 600 shares. Retail investors were required to make a minimum investment of ₹229,200 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Gretex Corporate Services Pvt Ltd, and Sobhagya Capital Options Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Flywings Simulator Training Centre Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Flywings Simulator IPO Timeline (Tentative)
- IPO Open Date
- Fri, 05 Dec 25
- IPO Close Date
- Tue, 09 Dec 25
- Basis of Allotment
- Wed, 10 Dec 25
- Initiation of Refunds
- Thu, 11 Dec 25
- Credit of Shares to Demat
- Thu, 11 Dec 25
- Listing Date
- Fri, 12 Dec 25 — NSE & BSE
Open Date
05 December 2025
Close Date
09 December 2025
Basis Of Allotment
10 December 2025
Listing Date
12 December 2025
IPO Subscription
Check Live Subscription →The Flywings Simulator IPO has received bids for 34,76,400 shares against 19,87,200 shares offered, resulting in an overall subscription of 1.75x. the NII category is subscribed 3.82x, Retail Investors 0.97x, and QIBs 1.56x. Within the NII category, BNII is subscribed 5.19x, while SNII is subscribed 1.09x.
Total
1.75x
QIB
1.56x
NII
3.82x
BNII
5.19x
SNII
1.09x
RII
0.97x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 9,93,600 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,67,000 shares (28.53%), while Non-Institutional Investors (NIIs) receive 4,26,600 shares (21.47%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 567,000 | 28.53% |
| Non-Institutional | 426,600 | 21.47% |
| BNII | 284,400 | 14.31% |
| SNII | 142,200 | 7.16% |
| Retail Investors | 993,600 | 50% |
| Total | 1,987,200 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Flywings Simulator Training Centre Limited KPI Information
| 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 |
| Pat Margin % | 54.02 | 48.37 | 40.08 |
Peers Comparison
No Peer Comparision Available
About Flywings Simulator Training Centre Limited
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.
Flywings Simulator IPO Promoters
- Ms. Rupal Sanjay Mandavia
Promoters Holding
Holding Pre Issue
85.69%
Holding Post Issue
0.00%
Flywings Simulator IPO Objective
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
Flywings Simulator Training Centre Limited Address / Contact Details
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
Flywings Simulator IPO Lot Size
The Flywings Simulator IPO has a lot size of 600 shares. Retail investors require a minimum investment of ₹2,29,200 by applying for 2 lot (1,200 shares). The maximum application allowed for the retail category is 2 lots (1,200 shares), requiring an investment of ₹2,29,200.
| 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 |
Issue Reservation
- QIB — 28.53%
- NII — 21.47%
- RII — 50%
Book Running Lead Managers
- Gretex Corporate Services Pvt Ltd
- Sobhagya Capital Options Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Flywings Simulator IPO?
Flywings Simulator IPO is a Book-building IPO with a total issue size of ₹57.05 crore. The Flywings Simulator IPO price band is ₹181 to 191 per share. The Flywings Simulator IPO subscription opens on Fri, Dec 5, 2025, and closes on Tue, Dec 9, 2025. The Flywings Simulator IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Flywings Simulator IPO.
When will the Flywings Simulator IPO open for subscription?
The Flywings Simulator IPO opens on Fri, Dec 5, 2025 and closes on Tue, Dec 9, 2025
What is Flywings Simulator IPO Price Band?
Flywings Simulator IPO Price Band is ₹181 to 191 per share.
What is Flywings Simulator IPO Lot Size?
Flywings Simulator IPO lot size is 600 shares, Retail investors need a minimum investment of ₹229200 based on the upper price band
What is the minimum investment for Flywings Simulator IPO?
The minimum investment for Flywings Simulator IPO is ₹229200, based on one lot of 600 shares at the upper price band of ₹191 per share.
How to apply for Flywings Simulator IPO?
Investors can apply for the Flywings Simulator IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Dec 9, 2025. The application amount remains blocked until the Flywings Simulator IPO allotment is finalized.
What is Flywings Simulator IPO Issue Size?
Flywings Simulator IPO issue size is ₹57.05 crores.
What is the Flywings Simulator IPO Allotment Date?
Flywings Simulator IPO allotment date is Wed, Dec 10, 2025.
Who is the Flywings Simulator IPO Registrar?
The registrar for Flywings Simulator IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Flywings Simulator IPO allotment status, refund processing, and other IPO-related information.
What is the Flywings Simulator IPO GMP?
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 0.00% over the issue price.
Who is the Flywings Simulator IPO Lead Manager?
The book-running lead managers (BRLMs) for the Flywings Simulator IPO are Gretex Corporate Services Pvt Ltd, and Sobhagya Capital Options Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Flywings Simulator IPO Red Herring Prospectus (RHP).