Flywings Simulator IPO: Check GMP, price band and other details

Synopsis Flywings Simulator Training Centre is launching its IPO on December 5, aiming to raise Rs 57 crore. The company, which trains cabin crew for major airlines, will offer shares between Rs 181 and Rs 191. Funds will be used for pilot training equipment and general corporate needs. The IPO closes December 9. Flywings Simulator Training Centre is set to open its initial public offering (IPO) on December 5, aiming to raise Rs 57 crore through a book-built issue. The offer comprises a fresh issue of 0.25 crore shares amounting to Rs 47.99 crore and an offer for sale of 0.05 crore shares worth Rs 9.05 crore. The IPO closes on December 9 with the shares scheduled to list on NSE SME on December 12. The Grey Market Premium (GMP) ahead of opening stands at 0, indicating muted early sentiment. Price band, lot size and investor allocation The price band for the issue has been fixed between Rs 181 and Rs 191 per share. Investors may apply for a minimum of 1,200 shares, requiring an investment of Rs 2,29,200 at the upper price limit. The IPO reserves up to 50% of the net issue for Qualified Institutional Buyers, at least 35% for retail investors, and not less than 15% for Non-Institutional Investors. A total of 29.86 lakh shares will be offered through the issue, aggregating up to Rs 57.05 crore. Of these, 1,49,400 shares are reserved for the market maker, amounting to Rs 2.85 crore. Business overview Flywings Simulator Training Centre provides aviation training services across aircraft procedures, in-flight services, first aid, emergency evacuation, and personality development. The company caters to major domestic airlines such as Vistara, IndiGo, SpiceJet and Air India, along with international operators including Himalaya Airlines and WOW Air. Live Events Flywings uses advanced simulation infrastructure including A-320 CEET, Boeing 787 door trainers, fire training facilities and water survival systems, delivering more than 20,000 training modules over the past three years. Its business model includes B2B training infrastructure leasing and B2C cabin crew and ground handling training courses. Financial performance For FY25, the company reported total income of Rs 23.64 crore and profit after tax of Rs 10.92 crore. EBITDA for the same year stood at Rs 13.51 crore, with a PAT margin of 54.02 percent and EBITDA margin of 66.85 percent. Use of proceeds The company plans to deploy Rs 35.34 crore toward capital expenditure for pilot training equipment, with the balance earmarked for general corporate purposes. The IPO outcome will depend heavily on investor appetite for aviation-linked training services amid scaling demand for fleet expansion by Indian carriers. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price ...moreless ONGC’s long-awaited recovery falters as performance slips back How UPI boom in rest of India hides a paradox in wealthy states Why Leyland and Iveco stand between Tata Motors' return to glory From near collapse to INR50k cr value: The journey of MCX AI is forcing a rethink. Can Indian IT finally build a serious corporate VC muscle? These large- and mid-cap stocks can give more than 25% return in 1 year, according to analysts 1 2 3