Flywings Simulator IPO Date, Review, Price, Allotment Details

Posted on: 02 Dec 2025

The Flywings Simulator IPO will open on December 5, 2025, and close on December 9, 2025. This is a Book Built Issue, through which the company aims to raise approximately ₹57.05 crores, including a fresh issue of ₹48.00 crores and an offer for sale of up to 4,74,000 equity shares, each with a face value of ₹10.

The price band for the IPO is set between ₹181 and ₹191 per share. The allocation includes 35% for retail investors, 50% for QIBs, and 15% for HNIs. The shares are expected to be listed on the NSE on December 12, 2025, with the allotment finalized on December 10, 2025.

For FY2025, the company reported revenue of ₹23.64 crores and a profit of ₹10.92 crores. Based on these financials, investors may consider applying to the IPO with a long-term investment perspective.

Flywings Simulator IPO Details

IPO Open Date
December 5, 2025
IPO Close Date
December 9, 2025
Face Value
₹10 Per Equity Share
IPO Price Band
₹181 to ₹191 Per Share
Issue Size
Approx ₹57.05 Crores
Fresh Issue
Approx ₹48.00 Crores
Offer for Sale:
Approx 4,74,000 Equity Shares
Issue Type
Book Build Issue
IPO Listing
NSE SME
DRHP Draft Prospectus
PDF
RHP Draft Prospectus
PDF

Flywings Simulator Training IPO Market Lot

The Flywings Simulator Training IPO minimum market lot is 1,200 shares, requiring an application amount of ₹2,29,200.

Application
Lot Size
Shares
Amount
Retail Minimum
2
1,200
₹2,29,200
Retail Maximum
2
1,200
₹2,29,200
S-HNI Minimum
3
1,800
₹3,43,800
S-HNI Maximum
8
4,800
₹9,16,800
B-HNI Minimum
9
5,400
₹10,31,400

IPO Reservation

Investor Category
Share Offered
-% Shares
Anchor Investor
– Shares
-%
QIB (Ex. Anchor)
– Shares
50%
NII Shares Offered
– Shares
15%
Retail Shares Offered
– Shares
35%

Flywings Simulator Training IPO Anchor Investors

Anchor Bidding Date
December 04, 2025
Anchor Investors List
PDF
Shares Offered
[.] Shares
Anchor Size
[.] Cr.
lock-in period end date 50% shares (30 Days)
January 9, 2026
lock-in period end date 50% shares (90 Days)
March 10, 2026

Flywings Simulator Training IPO Dates

The Flywings Simulator IPO date is December 5 and the close date is December 9. The Flywings Simulator IPO allotment will be finalized on December 10 and the IPO listing on December 12.

IPO Open Date:
December 5, 2025
IPO Close Date:
December 9, 2025
Basis of Allotment:
December 10, 2025
Refunds:
December 11, 2025
Credit to Demat Account:
December 11, 2025
IPO Listing Date:
December 12, 2025
IPO Bidding Cut-off Time:
December 9, 2025 – 5 PM

Promoters and Holding Pattern

The promoter of the company is Ms. Rupal Sanjay Mandavia.

Particular
Shares
% Share
Promoter Holding Pre Issue
76,64,328
85.69%
Promoter Holding Post Issue
1,01,77,128
-%

Objects of the Issue & Utilisation of Proceeds

Purpose
Crores
Capital Expenditure towards Pilot Training Equipment
₹35.34
General Corporate Purpose
₹-

About Flywings Simulator Training IPO

Flywings Simulator Training Centre Limited, founded in 2011, provides Safety and Emergency Procedures (SEP) training for the aviation industry. Based in Gurgaon, the company delivers comprehensive training for commercial aircraft operations, covering aviation procedures, in-flight service, first aid, safety, emergency evacuation, personality development, and more.

The company operates through both B2B and B2C models. In the B2B segment, it serves leading domestic airlines and select non-scheduled operators, while in B2C, it offers training programs for cabin crew and ground staff. Major clients include Indian airlines such as Vistara, IndiGo, SpiceJet, and Air India, along with international carriers like Himalaya Airlines and WOW Air.

Flywings leverages advanced equipment, including A-320 CEET, Boeing 787 door trainers, fire trainers, and water survival setups to ensure high-quality safety and emergency training for aviation professionals.

Flywings Simulator Training IPO Company Financial Report

Amount ₹ in Crores

Period Ended
Revenue
Expense
PAT
Assets
2025
₹23.64
₹8.74
₹3.24
₹64.65
June 2025
₹4.24
₹2.35
₹8.40
₹59.40

Flywings Simulator Training IPO Valuation – FY2025

Check Flywings Simulator Training IPO valuations detail like Earnings Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPI
Values
ROE:
34.75%
ROCE:
28.62%
EBITDA Margin:
66.85%
PAT Margin:
54.02%
Debt to equity ratio:
0.37
Earning Per Share (EPS):
₹14.27 (Basic)
Price/Earning P/E Ratio:
N/A
Return on Net Worth (RoNW):
34.75%
Net Asset Value (NAV):
₹50.92

IPO Lead Managers aka Merchant Bankers

  • Gretex Corporate Services Ltd. 
  • Sobhagya Capital Options Pvt. Ltd. 

Company Address

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 Registrar

Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html

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