Classic Electrodes IPO vs Flywings Simulator Training IPO

Comparison between Classic Electrodes IPO and Flywings Simulator Training IPO.

IPO Details

Classic Electrodes IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Flywings Simulator Training IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Classic Electrodes IPO is up to ₹39.09 Cr whereas the issue size of the Flywings Simulator Training IPO is up to ₹54.19 Cr. The final issue price of Classic Electrodes IPO is ₹87.00 per share and of Flywings Simulator Training IPO is ₹191.00 per share.

 Classic Electrodes IPOFlywings Simulator Training IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹82.00 per share₹181.00 per share
Issue Price (Upper)₹87.00 per share₹191.00 per share
Issue Price (Final)₹87.00 per share₹191.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1600 shares600 shares
Fresh Issue Size44,92,800 shares23,63,400 shares
Fresh Issue Size (Amount)up to ₹39.09 Crup to ₹45.14 Cr
OFS Issue Size0 shares4,74,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹9.05 Cr
Issue Size Total44,92,800 shares28,37,400 shares
Issue Size Total (Amount)up to ₹39.09 Crup to ₹54.19 Cr

IPO Timetable

Classic Electrodes IPO opens on Aug 22, 2025, while Flywings Simulator Training IPO opens on Dec 05, 2025. The closing date of Classic Electrodes IPO and Flywings Simulator Training IPO is Aug 26, 2025, and Dec 09, 2025, respectively.

 Classic Electrodes IPOFlywings Simulator Training IPO
Anchor Bid DateAug 21, 2025Dec 04, 2025
Issue OpenAug 22, 2025Dec 05, 2025
Issue CloseAug 26, 2025Dec 09, 2025
Basis Of Allotment (Tentative)Aug 28, 2025Dec 10, 2025
Initiation of Refunds (Tentative)Aug 28, 2025Dec 11, 2025
Credit of Share (Tentative)Aug 29, 2025Dec 11, 2025
Listing date (Tentative)Sep 01, 2025Dec 12, 2025
Anchor Lockin End date 1Sep 26, 2025Jan 09, 2026
Anchor Lockin End date 2Nov 25, 2025Mar 10, 2026

Financials & KPIs

Classic Electrodes IPO P/E ratio is 9.33, as compared to Flywings Simulator Training IPO P/E ratio of 13.41.

 Classic Electrodes IPOFlywings Simulator Training IPO
Financials

Company Financials (Restated Consolidated)

Period Ended28 Feb 202531 Mar 202431 Mar 202331 Mar 2022
Assets116.3488.5376.7974.99
Total Income187.90194.41151.13134.37
Profit After Tax9.5712.302.081.49
EBITDA19.2423.048.546.08
NET Worth43.6034.0321.7319.65
Reserves and Surplus30.4128.7516.4614.37
Total Borrowing53.5046.7344.1140.21
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202531 Mar 2025
Assets59.4064.65
Total Income4.2423.64
Profit After Tax1.3810.92
EBITDA2.3013.51
NET Worth40.4039.02
Reserves and Surplus32.7431.36
Total Borrowing14.7818.09
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.7385.69
Promoter Shareholding (Post-Issue)71.7759.87
P/E Ratio9.3313.41
Market Cap₹156.30 Cr.₹194.38 Cr.
ROE24.6634.75
ROCE17.6828.62
Debt/Equity1.230.37
EPS₹9.32₹14.24
RoNW21.9534.75

Shares Offered

In the Classic Electrodes IPO Retail Individual Investors (RII) are offered 15,74,400 shares while in Flywings Simulator Training IPO retail investors are offered 15,74,400 shares. Qualified Institutional Buyers (QIB) are offered 8,99,200 shares in Classic Electrodes IPO and 5,67,000 shares in Flywings Simulator Training IPO.

 Classic Electrodes IPOFlywings Simulator Training IPO
Anchor Investor Reservation13,44,000 shares8,50,200 shares
Market Maker Reservation2,78,400 shares1,49,400 shares
QIB8,99,200 shares5,67,000 shares
NII6,75,200 shares4,26,600 shares
RII15,74,400 shares9,93,600 shares
Employee0 shares0 shares
Others
Total44,92,800 shares28,37,400 shares

Bids Received (Subscription)

Classic Electrodes IPO subscribed 179.97x in total, whereas Flywings Simulator Training IPO subscribed 1.67x.

 Classic Electrodes IPOFlywings Simulator Training IPO
QIB (times)84.88x1.56x
NII (times)356.75x3.47x
Big NII (times)421.54x4.66x
Small NII (times)227.62x1.09x
RII (times)158.44x0.97x
Employee (times)
Other (times)
Total (times)179.97x1.67x

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