Flywings Simulator IPO Details
| IPO Open Date | December 5, 2025 |
| IPO Close Date | December 9, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹181 to ₹191 Per Share |
| Issue Size | Approx ₹57.05 Crores |
| Fresh Issue | Approx ₹48.00 Crores |
| Offer for Sale: | Approx 4,74,000 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Flywings Simulator Training IPO Review & Key Points
- Review:
Flywings Simulator Training IPO Market Lot
The Flywings Simulator Training IPO minimum market lot is 1,200 shares with ₹2,29,200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 1,200 | ₹2,29,200 |
| Retail Maximum | 2 | 1,200 | ₹2,29,200 |
| S-HNI Minimum | 3 | 1,800 | ₹3,43,800 |
| S-HNI Maximum | 8 | 4,800 | ₹9,16,800 |
| B-HNI Minimum | 9 | 5,400 | ₹10,31,400 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Flywings Simulator Training IPO Anchor Investors
| Anchor Bidding Date | December 04, 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | January 9, 2026 |
| lock-in period end date 50% shares (90 Days) | March 10, 2026 |
Flywings Simulator Training IPO Dates
The Flywings Simulator IPO date is December 5 and the close date is December 9. The Flywings Simulator IPO allotment will be finalized on December 10 and the IPO listing on December 12.
| IPO Open Date: | December 5, 2025 |
| IPO Close Date: | December 9, 2025 |
| Basis of Allotment: | December 10, 2025 |
| Refunds: | December 11, 2025 |
| Credit to Demat Account: | December 11, 2025 |
| IPO Listing Date: | December 12, 2025 |
| IPO Bidding Cut-off Time: | December 9, 2025 – 5 PM |
Promoters and Holding Pattern
The promoter of the company is Ms. Rupal Sanjay Mandavia.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 76,64,328 | 85.69% |
| Promoter Holding Post Issue | 1,01,77,128 | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Capital Expenditure towards Pilot Training Equipments | ₹35.34 |
| General Corporate Purpose | ₹- |
About Flywings Simulator Training IPO
Flywings Simulator Training Centre Limited, founded in 2011, offers Safety and Emergency Procedures (SEP) training facilities for the aviation sector. This Gurgaon-based company provides complete training for commercial aircraft operations, including aviation procedures, in-flight service, first aid, safety, emergency evacuation, personality development, and more.
The company follows both the B2B and B2C models. In B2B, they serve top domestic airlines and select non-scheduled operators, while in the B2C segment, the company offers training services to Cabin Crew Training and Ground Training. Indian airlines like Vistara, IndiGo, SpiceJet, and Air India, as well as international airlines such as Himalaya Airlines and WOW Air, are the major clients of the company. Moreover, the company incorporates advanced equipment such as the A-320 CEET, Boeing 787 door trainers, fire trainers, and water survival setups to provide high-quality safety and emergency training.
Flywings Simulator Training IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2025 | ₹23.64 | ₹8.74 | ₹3.24 | ₹64.65 |
| June 2025 | ₹4.24 | ₹2.35 | ₹8.40 | ₹59.40 |
Flywings Simulator Training IPO Valuation – FY2025
Check Flywings Simulator Training IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 34.75% |
| ROCE: | 28.62% |
| EBITDA Margin: | 66.85% |
| PAT Margin: | 54.02% |
| Debt to equity ratio: | 0.37 |
| Earning Per Share (EPS): | ₹14.27 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 34.75% |
| Net Asset Value (NAV): | ₹50.92 |
Peer Group Comparison
- The company does not have any listed peers.
IPO Lead Managers aka Merchant Bankers
- Gretex Corporate Services Ltd.
- Sobhagya Capital Options Pvt. Ltd.
Company Address
Flywings Simulator Training Centre Ltd.
Ground Floor,
Killa No. 13, Begampur,
Khatula, Sector 35, Sadar Bazar,
Gurgaon, Haryana, 122001
Phone: 01244957945
Email: [email protected]
Website: http://www.fwstc.co.in/
IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
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Note: The Flywings Simulator Training IPO price band and date are officially announced. The (Flywings Simulator Training IPO grey market premium) will be added to the IPO GMP page as it will start).
