Flywings Simulator Training Centre Limited IPO

Flywings Simulator Training Centre Limited IPO

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹181 - ₹191

Total Issue

₹57.05 Cr

Bid Dates

05 Dec - 09 Dec

Subscription

1.75x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Flywings Simulators provides infrastructure facilities for aviation training with a core focus on safety and emergency procedure (SEP) training for cabin and cockpit crew. Headquartered in Gurgaon, it offers a comprehensive portfolio of training modules aligned with industry standards and regulatory requirements for airline personnel. Its Business-to-Business (B2B) model serves A-rated domestic scheduled airlines, select Indian non-scheduled operators, and regional international carriers. The company also operates a limited Business-to-Customer (B2C) vertical offering non-certification programs that enhance operational and interpersonal skills in aviation and hospitality.

Lot Info

Lot Information for Flywings IPO
Category Lots Shares Amount
Individual (Min) 2 1,200 ₹2,29,200
Individual (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
Market Maker
1,49,400 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹57.05 Cr
Fresh Issue
₹47.99 Cr (0.25 Cr Shares)
Offer For Sale
₹9.05 Cr (0.05 Cr Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹0
Est. Price ₹191
Est. Gain 0.00%

Flywings IPO Peer Comparison

Company has no comparable listed peers in India

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Flywings IPO
Particulars Jun-25 Mar-25 Mar-24 Mar-23
Revenue 4.06 20.21 22.20 10.38
PAT 1.38 10.92 10.74 4.16
Net Worth 40.40 39.02 23.80 1.08
Borrowings 14.78 18.09 10.70 7.67
Assets 59.40 64.65 44.95 16.38
NAV (₹) 52.72 50.92 32.17 9.70
EPS (₹) 1.80 14.27 42.03 37.47

KPIs

EBITDA

66.85%

PAT

54.02%

ROE

34.75%

ROCE

28.62%

PE Ratio

13.38

PB Ratio

3.75

Mkt Cap (in Crs.)

194.38

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

85.69%

Public

14.31%

Rupal Sanjay Mandavia 85.69%

Management

Rupal Sanjay Mandavia Chairman MD & CFO

Registrar & Lead Managers

Subscription Status

Updated as on 09-Dec-2025 19:00:50 hrs

Category Sub (x) Offered Bids
QIB 1.56x 5,68,200 8,84,400
NII 3.48x 4,25,610 14,81,400
bHNI 4.68x 2,83,740 13,26,600
sHNI 1.09x 1,41,870 1,54,800
Individual Investor 0.97x 9,93,090 9,61,200
Total 1.67x 19,86,900 33,27,000

Frequently Asked Questions

What is Flywings IPO?
Flywings IPO is a SME IPO having an issue size of ₹57.05 Crs. Flywings IPO is priced at ₹181 - ₹191 per share. The issue opens on 05 Dec 25 and closes on 09 Dec 25.
When will Flywings IPO open?
Flywings IPO opens on 05 Dec 25 and closes on 09 Dec 25.
What is the GMP of Flywings IPO?
The estimated Grey Market Premium of Flywings IPO is ₹0 per share (0.00%).
What is the lot size of Flywings IPO?
The minimum lot size of Flywings IPO is 600 shares & the minimum application amount is Rs. 114600.
When is the allotment of Flywings IPO?
The allotment date of Flywings IPO is 10 Dec 25.
What is the listing date of Flywings IPO?
The listing date of Flywings IPO is 12 Dec 25.
What is the subscription of Flywings IPO?
Flywings IPO is subscribed 1.75 times.
What is the price band of Flywings IPO?
Flywings IPO is priced at ₹181 - ₹191 per share.
How to check allotment status of Flywings IPO?
Click the allotment link on Flywings IPO page of IPO360.
How to apply Flywings IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Flywings IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Flywings IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Flywings IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date