Flywings Simulator Training Centre IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 5, 2025 to December 9, 2025 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 181 to ₹ 191 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 29,86,800 shares (aggregating up to ₹ 57.05 Cr) |
| Reserved for Market Maker | 1,49,400 shares (aggregating up to ₹ 2.85 Cr) Gretex Share Broking Pvt. Ltd. |
| Fresh Issue(Ex Market Maker) | 23,63,400 shares (aggregating up to ₹ 45.14 Cr) |
| Offer for Sale | 4,74,000 shares of ₹10 (aggregating up to ₹ 9.05 Cr) |
| Net Offered to Public | 23,63,400 shares (aggregating up to ₹ 45.14 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 76,64,328 shares |
| Share Holding Post Issue | 1,01,77,128 shares |
About Flywings Simulator Training Centre IPO
Flywings Simulator Training Centre will launch its book build issue of ₹57.05 crores on December 5, 2025. The Flywings Simulator Training Centre IPO will include a combination of a fresh issue of 0.25 crore shares aggregating to ₹47.99 crores and an offer for sale of 0.05 crore shares aggregating to ₹9.05 crores. The Flywings Simulator Training Centre IPO will close on December 9, 2025.
Allotment for the Flywings Simulator Training Centre IPO is expected to be finalized on December 10, 2025. The Flywings Simulator Training Centre IPO will be listed on NSE SME with a tentative listing date fixed as December 12, 2025. The Market Maker of the company is Gretex Share Broking Pvt. Ltd. Gretex Corporate Services Ltd. is the book running lead manager, and Bigshare Services Pvt. Ltd. is the registrar of the issue.
Company Background
Established in 2011, Flywings Simulator Training Centre Limited (FWSTC) started its operations in Mumbai before expanding to Gurugram. The company is widely recognized as one of the country's most advanced aviation training centers, providing specialized courses for aspiring pilots, cabin crew, and aviation professionals.
Over time, Flywings Simulator Training Centre has built strategic partnerships with aviation training institutes in India and abroad, including flying schools in New Zealand, and is known for its commitment to global standards of excellence in aviation education and safety.
Operations And Product Range
Flywings Simulator Training Centre offers a wide range of aviation safety and emergency procedures (SEP) training modules for both flight and cabin crew, using industry-grade simulators and DGCA-approved classrooms.
The product range of the company includes A320 simulator training, drone pilot training, commercial pilot licensing, ground staff training, fire training, water survival training, slide evacuation, and soft skills development.
Flywings Simulator Training Centre also provides customized, process-oriented training solutions for airlines and individuals, focusing on real-world scenarios and practical skills to meet global aviation standards.
Revenue Channels
The primary revenue channel for Flywings Simulator Training Centre is B2B training, serving major domestic airlines, regional international carriers, and non-scheduled operators who use its facilities for SEP and other regulatory-compliant training.
The company also operates a B2C division, offering career-oriented aviation courses to individuals seeking jobs in the aviation and hospitality sectors. Over the last three years, FWSTC has delivered more than 20,000 training modules, with revenue primarily generated from simulator-based and classroom training programs.
Management And Shareholding
The company is led by Rupal Sanjay Mandavia as Managing Director, with Parul Agarwal serving as Company Secretary and several other experienced professionals on the board.
Flywings Simulator Training Centre IPO Objectives
The company proposes to utilize ₹35.34 crores for capital expenditure towards Pilot Training Equipments, and general corporate purposes.
Conclusion
Flywings Simulator Training Centre will launch its book build issue of ₹57.05 crores on December 5, 2025. The Flywings Simulator Training Centre IPO will include a combination of a fresh issue of 0.25 crore shares aggregating to ₹47.99 crores and offer for sale of 0.05 crore shares aggregating to ₹9.05 crores.
Allotment for the Flywings Simulator Training Centre IPO is expected to be finalized on December 10, 2025. The Flywings Simulator Training Centre IPO will be listed on NSE SME with a tentative listing date fixed as December 12, 2025.
Established in 2011, Flywings Simulator Training Centre Limited (FWSTC) started its operations in Mumbai before expanding to Gurugram. The company is widely recognized as one of the country's most advanced aviation training centers, providing specialized courses for aspiring pilots, cabin crew, and aviation professionals.
Flywings Simulator Training Centre IPO Financial Information
Latest Revenue
4.24
₹ Crore
Profit After Tax
1.38
₹ Crore
Net Worth
40.40
₹ Crore
Total Borrowing
14.78
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Jun 2025 | 59.40 | 4.24 | 1.38 | 40.40 | 14.78 | ||||
| 31 Mar 2025 | 64.65 | 23.64 | 10.92 | 39.02 | 18.09 | ||||
| Amount in ₹ Crore | |||||||||
Flywings Simulator Training Centre Key Performance Indicator
| KPI | Values |
|---|---|
| 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. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 14.24 | 5.42 |
| P/E (x) | 13.41 | 35.22 |
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Competitive Strengths
Advanced aviation training facilities meeting global standards
An extensive range of aviation safety and emergency procedures training
Strong partnerships with leading aviation institutes and airlines
Experienced faculty and engineering staff
Customized, process-oriented training solutions
B2B and B2C revenue diversification
Proven track record of delivering thousands of training modules
Download regulatory filings
Flywings Simulator Training Centre IPO Timeline
| IPO Open Date | December 5, 2025 |
| IPO Close Date | December 9, 2025 |
| Tentative Allotment | December 10, 2025 |
| Initiation of Refunds | December 11, 2025 |
| Credit of Shares to Demat | December 11, 2025 |
| Tentative Listing Date | December 12, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tuesday, December 9, 2025 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |