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04 Dec, 2025
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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Flywings Simulator Training Centre IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 |
Flywings Simulator Training Centre IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Flywings Simulator Training Centre 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 Centre IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 85.69% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • 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
Flywings Simulator Training Centre IPO Financial Information
| Period Ended | Assets | Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
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Frequently asked Questions (FAQs )
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Q1: When does the Flywings Simulator Training Centre IPO open and close?
The Flywings Simulator Training Centre IPO opens for subscription for the general public on December 5, 2025, and closes on December 9, 2025
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Q2: What is the total size of the Flywings Simulator Training Centre IPO?
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.
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Q3: Where will the Flywings Simulator Training Centre IPO be listed?
The Flywings Simulator Training Centre IPO will be listed on NSE SME with a tentative listing date fixed as December 12, 2025.
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Q4: What are the primary objectives for Flywings Simulator Training Centre IPO proceeds?
The company proposes to utilize ₹35.34 crores for capital expenditure towards Pilot Training Equipments, and general corporate purposes.
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