Bookbuilding IPO | ₹57 Cr | Listed at NSE SME | Fri, Dec 5, 2025 - Tue, Dec 9, 2025
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 bidding started from Dec 5, 2025 and ended on Dec 9, 2025. The allotment for Flywings Simulator Training IPO was finalized on Dec 10, 2025. The shares got listed on NSE SME on Dec 12, 2025.
Flywings Simulator Training IPO price band is set at ₹191 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 (1,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (1,800 shares), amounting to ₹3,43,800.
Sobhagya Capital Options Pvt.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..
Refer to Flywings Simulator Training IPO RHP for detailed Information.
IPO Open
Fri, Dec 5, 2025
IPO Close
Tue, Dec 9, 2025
Issue Price
₹191 per share
Market Cap (Pre-IPO)
₹194.38 Cr
| IPO Date | 5 to 9 Dec, 2025 |
| Listed on | Fri, Dec 12, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹181 to ₹191 |
| Issue Price | ₹191 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 29,86,800 shares (agg. up to ₹57 Cr) |
| Reserved for Market Maker | 1,49,400 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 23,63,400 shares (agg. up to ₹45 Cr) |
| Offer for Sale | 4,74,000 shares of ₹10 (agg. up to ₹9 Cr) |
| Net Offered to Public | 28,37,400 shares (agg. up to ₹54 Cr) |
| Share Holding Pre Issue | 76,64,328 shares |
| Share Holding Post Issue | 1,01,77,128 shares |
| NSE Symbol | FWSTC |
| ISIN | INE0SQZ01015 |
Flywings Simulator Training IPO comprises a total issue size of 29,86,800 shares. The net offer to the public is 28,37,400 shares, after excluding 1,49,400 shares allotted on a firm basis. Of the Net offer 14,17,200 (49.95%) are allocated to QIB, 4,26,600 (15.03%) allocated to NII 9,93,600 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 14,17,200 | 49.95% | 47.45% |
| − Anchor Investor Shares Offered | 8,50,200 | 28.47% | |
| − QIB (Ex. Anchor) Shares Offered | 5,67,000 | 18.98% | |
| NII (HNI) Shares Offered | 4,26,600 | 15.03% | 14.28% |
| − bNII > ₹10L | 2,84,400 | 9.52% | |
| − sNII < ₹10L | 1,42,200 | 4.76% | |
| Retail Shares Offered | 9,93,600 | 35.02% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,49,400 | 5.00% | |
| Total Shares Offered | 29,86,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,200 | ₹2,29,200 |
| Individual investors (Retail) (Max) | 2 | 1,200 | ₹2,29,200 |
| S-HNI (Min) | 3 | 1,800 | ₹3,43,800 |
| S-HNI (Max) | 8 | 4,800 | ₹9,16,800 |
| B-HNI (Min) | 9 | 5,400 | ₹10,31,400 |
Flywings Simulator Training IPO raises ₹16.24 crore from anchor investors. Flywings Simulator Training IPO Anchor bid date is December 4, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Dec 4, 2025 |
| Shares Offered | 8,50,200 |
| Anchor Portion (₹ Cr.) | 16.24 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jan 9, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Mar 10, 2026 |
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, Air India, and international airlines like Himalaya Airlines and WOW Air.
The company offers high-quality training programs focused on safety and emergency procedures, using advanced training devices like A-320 CEET, Boeing 787 door trainers, fire trainers, and water survival drills.
Over the past three financial years, the company has have delivered more than 20,000 individual training modules for aviation professionals through its specialized training infrastructure.
Services:
Competitive Strengths:
| Period Ended | 30 Jun 2025 | 31 Mar 2025 |
|---|---|---|
| Assets | 59.40 | 64.65 |
| Total Income | 4.24 | 23.64 |
| Profit After Tax | 1.38 | 10.92 |
| EBITDA | 2.30 | 13.51 |
| NET Worth | 40.40 | 39.02 |
| Reserves and Surplus | 32.74 | 31.36 |
| Total Borrowing | 14.78 | 18.09 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure towards Pilot Training Equipments | 35.34 |
| 2 | General Corporate Purposes | 4.68 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 14.24 | 5.42 |
| P/E (x) | 13.41 | 35.22 |
| Promoter Holding | 85.69% | 59.87% |
| Market Cap | ₹194.38 Cr. |
The Flywings Simulator Training IPO is subscribed 1.67 times on December 9, 2025 6:20:00 PM (Day 3). The public issue subscribed 0.97 times in the individual investors category, 1.56 times in the QIB category, and 3.47 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.56 | 5,67,000 | 8,84,400 | 9 |
| NII* | 3.47 | 4,26,600 | 14,81,400 | 119 |
| bNII (bids above ₹10L) | 4.66 | 2,84,400 | 13,26,600 | |
| sNII (bids below ₹10L) | 1.09 | 1,42,200 | 1,54,800 | |
| Individual Investor | 0.97 | 9,93,600 | 9,61,200 | 801 |
| Total | 1.67 | 19,87,200 | 33,27,000 | 929 |
Total Application : 929
*Market Maker portion is not included to NII/HNI.
Flywings Simulator Training Centre Ltd. Financial Information (Standalone)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 44.95 | 16.38 |
| Total Income | 22.60 | 10.44 |
| Profit After Tax | 10.74 | 4.16 |
| EBITDA | 15.29 | 5.78 |
| NET Worth | 23.80 | 1.08 |
| Reserves and Surplus | 23.74 | 1.07 |
| Total Borrowing | 10.70 | 7.67 |
| Amount in ₹ Crore |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Book Running Lead Manager | 0.22 |
| 2 | Fees payable to Regulators including Stock Exchange | 0.00 |
| 3 | Fees to Legal Counsel | 0.01 |
| 4 | Fees payable to Auditors, Consultants, Market Research Firms and other professional agencies | 0.10 |
| 5 | Advertisement Expenses | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹191.00 |
| Open | ₹195.00 |
| Low | ₹186.00 |
| High | ₹204.75 |
| Last Trade | ₹204.75 |
Lead Manager Reports
Flywings Simulator Training IPO is a SME IPO of 29,86,800 equity shares of the face value of ₹10 aggregating up to ₹57 Crores. The issue is priced at ₹191 per share. The minimum order quantity is 600.
The IPO opens on Fri, Dec 5, 2025, and closes on Tue, Dec 9, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Flywings Simulator Training IPO using UPI as a payment gateway. Zerodha customers can apply in Flywings Simulator Training IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Flywings Simulator Training IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Flywings Simulator Training IPO opens on Fri, Dec 5, 2025 and closes on Tue, Dec 9, 2025.
Flywings Simulator Training IPO lot size is 600, and the minimum amount required for application is ₹2,29,200, with 2 lots being the minimum application size.
You can apply in Flywings Simulator Training IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Flywings Simulator Training IPO will be done on Wednesday, December 10, 2025, and the allotted shares will be credited to your demat account by Thu, Dec 11, 2025. Check the Flywings Simulator Training IPO allotment status.
The Flywings Simulator Training IPO listing date is on Fri, Dec 12, 2025.
