Flywings Simulator Training IPO
Flywings Simulator Training IPO
Overview
Flywings Simulator Training IPO is a book build issue of ₹57.05 crores. The issue is a combination of 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. Flywings Simulator Training IPO opens for subscription on Dec 5, 2025 and closes on Dec 9, 2025. The allotment for the Flywings Simulator Training IPO is expected to be finalized on Dec 10, 2025. Flywings Simulator Training IPO will list on NSE SME with a tentative listing date fixed as Dec 12, 2025. Flywings Simulator Training IPO price band is set at ₹181.00 to ₹191.00 per share . The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹2,29,200.00 (1,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (1,800 shares), amounting to ₹3,43,800. Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Gretex Share Broking Pvt.Ltd..
Total Shares
29,86,800
Issue Size
₹57.05 Cr
Price Band
₹181 – ₹191
Lot Size
600 shares
Min. Investment
₹2,29,200
Max. Investment
₹2,29,200
Open Date
05 Dec, 2025
Close Date
09 Dec, 2025
Allotment
10 Dec, 2025
Listing
12 Dec, 2025
Max. Investment
₹2,29,200
Announced
05 Dec, 2025
Opening Date
05 Dec, 2025
Closing Date
09 Dec, 2025
Basis of Allotment
10 Dec, 2025
Initiation of Refunds
11 Dec, 2025
Credit of Shares
11 Dec, 2025
Listing Date
12 Dec, 2025
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About Flywings Simulator Training IPO
Incorporated in 2011, Flywings Simulator Training Centre Limited is engaged in Aviation Training located in Gurgaon.
The company specializes in comprehensive commercial aircraft training, covering areas like aviation procedures, in-flight services, first aid, safety, emergency evacuation, personality development, and more.
Operating from Gurgaon, Flywings Simulator Training Centre Limited serves esteemed clients, including A-rated domestic airlines like Vistara, Indigo, SpiceJet,
Flywings Simulator Training IPO Share Price
Issue Breakdown
Shareholding
Dilution: 32.8% increase in shares
Flywings Simulator Training IPO Promoters Holding
Flywings Simulator Training IPO Financial Health
Flywings Simulator Training IPO Lot Size
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1200 | ₹2,29,200 |
| Individual investors (Retail) (Max) | 2 | 1200 | ₹2,29,200 |
| S-HNI (Min) | 3 | 1800 | ₹3,43,800 |
| S-HNI (Max) | 8 | 4800 | ₹9,16,800 |
| B-HNI (Min) | 9 | 5400 | ₹10,31,400 |
(All values in CR)
Flywings Simulator Training IPO Valuations
KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| 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 |
| - | - |
(All values in CR)
Flywings Simulator Training IPO Strength & Risk
Flywings Simulator Training IPO Strength:
Operates in a specialised aviation-training segment with clear industry demand.
Provides simulator-based training, cabin-crew training, emergency procedures, and in-flight service training.
Offers services aligned with regulatory and aviation safety requirements, enhancing credibility.
Benefits from recurring training needs of airlines, creating repeat business opportunities.
Possesses training infrastructure and simulator capabilities that act as high entry barriers.
IPO funding supports expansion of training equipment and facility upgrades.
Positioned to benefit from rising air travel and growing airline hiring needs.
Flywings Simulator Training IPO Risk:
Heavy dependence on airline clients; any reduction in contracts may impact revenue.
High cost of maintaining and upgrading simulator and training infrastructure.
Sensitive to fluctuations in the aviation industry and airline financial health.
Customer concentration risk if a few airlines contribute a major share of business.
Subject to stringent aviation regulations and compliance requirements.
SME listing may face lower liquidity and higher post-listing volatility.
Industry downturns, global events, or travel slowdowns can reduce training demand.
Flywings Simulator Training IPO Subscriptions Status
Flywings Simulator Training IPO subscribed 1.67 times. The public issue subscribed 0.97 times in the individual investors category, 1.56 times in QIB (Ex Anchor), and 3.47 times in the NII category by December 9, 2025 6:20:00 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 8,50,200 | 8,50,200 | 16.239 |
| Market Maker | 1.00 | 1,49,400 | 1,49,400 | 2.854 |
| QIB (Ex Anchor) | 1.56 | 5,67,000 | 8,84,400 | 16.892 |
| Non-Institutional Buyers | 3.47 | 4,26,600 | 14,81,400 | 28.295 |
| bNII (bids above ₹10L) | 4.66 | 2,84,400 | 13,26,600 | 25.338 |
| sNII (bids below ₹10L) | 1.09 | 1,42,200 | 1,54,800 | 2.957 |
| Individual Investors (IND category bidding for 2 Lots) | 0.97 | 9,93,600 | 9,61,200 | 18.359 |
| Total | 1.67 | 19,87,200 | 33,27,000 | 63.546 |
Flywings Simulator Training IPO GMP
Flywings Simulator Training SME IPO last GMP is ₹0, last updated Dec 9th 2025 12:52 PM. With the price band of 191.00, Flywings Simulator Training SME IPO's estimated listing price is ₹191 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 09 Dec, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 09 Dec, 2025 | 191 | ₹0 | - | ₹191 (0.00%) | - | 09 Dec, 2025 |
| 08 Dec, 2025 | 191 | ₹0 | - | ₹191 (0.00%) | - | 08 Dec, 2025 |
| 07 Dec, 2025 | 191 | ₹0 | - | ₹191 (0.00%) | - | 07 Dec, 2025 |
| 06 Dec, 2025 | 191 | ₹0 | - | ₹191 (0.00%) | - | 06 Dec, 2025 |
| 05 Dec, 2025 | 191 | ₹0 | - | ₹191 (0.00%) | - | 05 Dec, 2025 |
| 04 Dec, 2025 | 191 | ₹0 | - | ₹191 (0.00%) | - | 04 Dec, 2025 |
| 03 Dec, 2025 | 191 | ₹0 | - | ₹191 (0.00%) | - | 03 Dec, 2025 |
| 02 Dec, 2025 | 191 | ₹0 | - | ₹191 (0.00%) | - | 02 Dec, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Flywings Simulator Training IPO
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Go to IPO Section
Find Flywings Simulator Training IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.