Comparison between Flywings Simulator Training IPO and Vigor Plast IPO.
Flywings Simulator Training IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vigor Plast IPO is a SME Bookbuilding proposed to list at NSE SME.
| Flywings Simulator Training IPO | Vigor Plast IPO | |
|---|---|---|
| Logo |  | |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Gretex Corporate Services Ltd. Sobhagya Capital Options Pvt.Ltd. | Unistone Capital Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Gretex Share Broking Pvt.Ltd. | Alacrity Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Flywings Simulator Training IPO is up to ₹54.19 Cr whereas the issue size of the Vigor Plast IPO is up to ₹23.85 Cr. The final issue price of Flywings Simulator Training IPO is ₹191.00 per share and of Vigor Plast IPO is ₹81.00 per share.
| Flywings Simulator Training IPO | Vigor Plast IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹181.00 per share | ₹77.00 per share |
| Issue Price (Upper) | ₹191.00 per share | ₹81.00 per share |
| Issue Price (Final) | ₹191.00 per share | ₹81.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 600 shares | 1600 shares |
| Fresh Issue Size | 23,63,400 shares | 23,44,000 shares |
| Fresh Issue Size (Amount) | up to ₹45.14 Cr | up to ₹18.99 Cr |
| OFS Issue Size | 4,74,000 shares | 6,00,000 shares |
| OFS Issue Size (Amount) | up to ₹9.05 Cr | up to ₹4.86 Cr |
| Issue Size Total | 28,37,400 shares | 29,44,000 shares |
| Issue Size Total (Amount) | up to ₹54.19 Cr | up to ₹23.85 Cr |
Flywings Simulator Training IPO opens on Dec 05, 2025, while Vigor Plast IPO opens on Sep 04, 2025. The closing date of Flywings Simulator Training IPO and Vigor Plast IPO is Dec 09, 2025, and Sep 09, 2025, respectively.
| Flywings Simulator Training IPO | Vigor Plast IPO | |
|---|---|---|
| Anchor Bid Date | Dec 04, 2025 | Sep 03, 2025 |
| Issue Open | Dec 05, 2025 | Sep 04, 2025 |
| Issue Close | Dec 09, 2025 | Sep 09, 2025 |
| Basis Of Allotment (Tentative) | Dec 10, 2025 | Sep 10, 2025 |
| Initiation of Refunds (Tentative) | Dec 11, 2025 | Sep 11, 2025 |
| Credit of Share (Tentative) | Dec 11, 2025 | Sep 11, 2025 |
| Listing date (Tentative) | Dec 12, 2025 | Sep 12, 2025 |
| Anchor Lockin End date 1 | Jan 09, 2026 | Oct 09, 2025 |
| Anchor Lockin End date 2 | Mar 10, 2026 | Dec 08, 2025 |
Flywings Simulator Training IPO P/E ratio is 13.41, as compared to Vigor Plast IPO P/E ratio of 12.35.
| Flywings Simulator Training IPO | Vigor Plast IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)Vigor Plast India Ltd.'s revenue increased by 8% and profit after tax (PAT) rose by 76% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 85.69 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 59.87 | 70.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 13.41 | 12.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹194.38 Cr. | ₹83.85 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 34.75 | 59.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 28.62 | 28.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.37 | 1.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹14.24 | ₹6.56 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 34.75 | 59.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Flywings Simulator Training IPO Retail Individual Investors (RII) are offered 9,93,600 shares while in Vigor Plast 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 5,90,400 shares in Vigor Plast IPO.
| Flywings Simulator Training IPO | Vigor Plast IPO | |
|---|---|---|
| Anchor Investor Reservation | 8,50,200 shares | 8,73,600 shares |
| Market Maker Reservation | 1,49,400 shares | 1,55,200 shares |
| QIB | 5,67,000 shares | 5,90,400 shares |
| NII | 4,26,600 shares | 4,46,400 shares |
| RII | 9,93,600 shares | 10,33,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 28,37,400 shares | 29,44,000 shares |
Flywings Simulator Training IPO subscribed 1.67x in total, whereas Vigor Plast IPO subscribed 3.88x.
| Flywings Simulator Training IPO | Vigor Plast IPO | |
|---|---|---|
| QIB (times) | 1.56x | 3.94x |
| NII (times) | 3.47x | 7.03x |
| Big NII (times) | 4.66x | 9.00x |
| Small NII (times) | 1.09x | 3.09x |
| RII (times) | 0.97x | 2.49x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.67x | 3.88x |
