Flywings Simulator Training IPO vs Srinibas Pradhan Constructions IPO

Comparison between Flywings Simulator Training IPO and Srinibas Pradhan Constructions IPO.

IPO Details

Flywings Simulator Training IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Srinibas Pradhan Constructions IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Flywings Simulator Training IPO is up to ₹54.19 Cr whereas the issue size of the Srinibas Pradhan Constructions IPO is up to ₹19.30 Cr. The final issue price of Flywings Simulator Training IPO is ₹191.00 per share and of Srinibas Pradhan Constructions IPO is ₹98.00 per share.

 Flywings Simulator Training IPOSrinibas Pradhan Constructions IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹181.00 per share₹91.00 per share
Issue Price (Upper)₹191.00 per share₹98.00 per share
Issue Price (Final)₹191.00 per share₹98.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size600 shares1200 shares
Fresh Issue Size23,63,400 shares16,09,200 shares
Fresh Issue Size (Amount)up to ₹45.14 Crup to ₹15.77 Cr
OFS Issue Size4,74,000 shares3,60,000 shares
OFS Issue Size (Amount)up to ₹9.05 Crup to ₹3.53 Cr
Issue Size Total28,37,400 shares19,69,200 shares
Issue Size Total (Amount)up to ₹54.19 Crup to ₹19.30 Cr

IPO Timetable

Flywings Simulator Training IPO opens on Dec 05, 2025, while Srinibas Pradhan Constructions IPO opens on Mar 06, 2026. The closing date of Flywings Simulator Training IPO and Srinibas Pradhan Constructions IPO is Dec 09, 2025, and Mar 10, 2026, respectively.

 Flywings Simulator Training IPOSrinibas Pradhan Constructions IPO
Anchor Bid DateDec 04, 2025
Issue OpenDec 05, 2025Mar 06, 2026
Issue CloseDec 09, 2025Mar 10, 2026
Basis Of Allotment (Tentative)Dec 10, 2025Mar 11, 2026
Initiation of Refunds (Tentative)Dec 11, 2025Mar 12, 2026
Credit of Share (Tentative)Dec 11, 2025Mar 12, 2026
Listing date (Tentative)Dec 12, 2025Mar 13, 2026
Anchor Lockin End date 1Jan 09, 2026
Anchor Lockin End date 2Mar 10, 2026

Financials & KPIs

Flywings Simulator Training IPO P/E ratio is 13.41, as compared to Srinibas Pradhan Constructions IPO P/E ratio of 9.15.

 Flywings Simulator Training IPOSrinibas Pradhan Constructions IPO
Financials

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

Company Financials (Restated Consolidated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets56.6755.7620.836.50
Total Income45.6389.7335.2726.35
Profit After Tax4.116.593.551.48
EBITDA7.6413.015.582.15
NET Worth22.0115.917.722.67
Reserves and Surplus15.8711.553.572.57
Total Borrowing17.1717.251.880.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)85.6985.27
Promoter Shareholding (Post-Issue)59.8762.1
P/E Ratio13.419.15
Market Cap₹194.38 Cr.₹77.04 Cr.
ROE34.7555.76
ROCE28.6271.01
Debt/Equity0.371.08
EPS₹14.24₹10.71
RoNW34.7555.76

Shares Offered

In the Flywings Simulator Training IPO Retail Individual Investors (RII) are offered 9,93,600 shares while in Srinibas Pradhan Constructions IPO retail investors are offered 9,93,600 shares. Qualified Institutional Buyers (QIB) are offered 5,67,000 shares in Flywings Simulator Training IPO and 19,200 shares in Srinibas Pradhan Constructions IPO.

 Flywings Simulator Training IPOSrinibas Pradhan Constructions IPO
Anchor Investor Reservation8,50,200 shares0 shares
Market Maker Reservation1,49,400 shares1,04,400 shares
QIB5,67,000 shares19,200 shares
NII4,26,600 shares9,75,600 shares
RII9,93,600 shares9,74,400 shares
Employee0 shares0 shares
Others
Total28,37,400 shares19,69,200 shares

Bids Received (Subscription)

Flywings Simulator Training IPO subscribed 1.67x in total, whereas Srinibas Pradhan Constructions IPO subscribed 1.13x.

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Flywings Simulator Training IPO Vs Srinibas Pradhan Constructions IPO