Curis Lifesciences IPO vs Flywings Simulator Training IPO

Comparison between Curis Lifesciences IPO and Flywings Simulator Training IPO.

IPO Details

Curis Lifesciences 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 Curis Lifesciences IPO is up to ₹26.14 Cr whereas the issue size of the Flywings Simulator Training IPO is up to ₹54.19 Cr. The final issue price of Curis Lifesciences IPO is ₹128.00 per share and of Flywings Simulator Training IPO is ₹191.00 per share.

 Curis Lifesciences IPOFlywings Simulator Training IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹120.00 per share₹181.00 per share
Issue Price (Upper)₹128.00 per share₹191.00 per share
Issue Price (Final)₹128.00 per share₹191.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1000 shares600 shares
Fresh Issue Size20,42,000 shares23,63,400 shares
Fresh Issue Size (Amount)up to ₹26.14 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 Total20,42,000 shares28,37,400 shares
Issue Size Total (Amount)up to ₹26.14 Crup to ₹54.19 Cr

IPO Timetable

Curis Lifesciences IPO opens on Nov 07, 2025, while Flywings Simulator Training IPO opens on Dec 05, 2025. The closing date of Curis Lifesciences IPO and Flywings Simulator Training IPO is Nov 11, 2025, and Dec 09, 2025, respectively.

 Curis Lifesciences IPOFlywings Simulator Training IPO
Anchor Bid DateNov 06, 2025Dec 04, 2025
Issue OpenNov 07, 2025Dec 05, 2025
Issue CloseNov 11, 2025Dec 09, 2025
Basis Of Allotment (Tentative)Nov 12, 2025Dec 10, 2025
Initiation of Refunds (Tentative)Nov 13, 2025Dec 11, 2025
Credit of Share (Tentative)Nov 13, 2025Dec 11, 2025
Listing date (Tentative)Nov 14, 2025Dec 12, 2025
Anchor Lockin End date 1Dec 11, 2025Jan 09, 2026
Anchor Lockin End date 2Feb 09, 2026Mar 10, 2026

Financials & KPIs

Curis Lifesciences IPO P/E ratio is 12.44, as compared to Flywings Simulator Training IPO P/E ratio of 13.41.

 Curis Lifesciences IPOFlywings Simulator Training IPO
Financials

Company Financials (Restated)

Curis Lifesciences Ltd.'s revenue increased by 38% and profit after tax (PAT) rose by 25% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Jul 202531 Mar 202531 Mar 202431 Mar 2023
Assets56.2942.5333.8829.75
Total Income19.5149.6535.8736.42
Profit After Tax2.876.114.871.88
EBITDA4.249.548.393.28
NET Worth19.1016.235.871.01
Reserves and Surplus13.1610.295.370.51
Total Borrowing15.3215.6217.0916.19
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)92.6885.69
Promoter Shareholding (Post-Issue)68.0359.87
P/E Ratio12.4413.41
Market Cap₹103.48 Cr.₹194.38 Cr.
ROE55.2534.75
ROCE27.8328.62
Debt/Equity0.960.37
EPS₹10.29₹14.24
RoNW37.6234.75

Shares Offered

In the Curis Lifesciences IPO Retail Individual Investors (RII) are offered 7,16,000 shares while in Flywings Simulator Training IPO retail investors are offered 7,16,000 shares. Qualified Institutional Buyers (QIB) are offered 4,08,000 shares in Curis Lifesciences IPO and 5,67,000 shares in Flywings Simulator Training IPO.

 Curis Lifesciences IPOFlywings Simulator Training IPO
Anchor Investor Reservation6,09,000 shares8,50,200 shares
Market Maker Reservation1,08,000 shares1,49,400 shares
QIB4,08,000 shares5,67,000 shares
NII3,09,000 shares4,26,600 shares
RII7,16,000 shares9,93,600 shares
Employee0 shares0 shares
Others
Total20,42,000 shares28,37,400 shares

Bids Received (Subscription)

Curis Lifesciences IPO subscribed 74.39x in total, whereas Flywings Simulator Training IPO subscribed 1.67x.

 Curis Lifesciences IPOFlywings Simulator Training IPO
QIB (times)96.17x1.56x
NII (times)115.46x3.47x
Big NII (times)142.74x4.66x
Small NII (times)60.38x1.09x
RII (times)44.28x0.97x
Employee (times)
Other (times)
Total (times)74.39x1.67x

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Curis Lifesciences IPO Vs Flywings Simulator Training IPO