Flywings Simulator Training Centre IPO Details
SME
Flywings Simulator Training Centre IPO opens for subscription on 05 Dec 2025 and closes on 09 Dec 2025. The IPO will be listed on NSE with the tentative listing date set for 12 Dec 2025.
Flywings Simulator Training Centre IPO price band has been fixed at ₹181 – ₹191 per share.The face value is ₹10 per share with a lot size of 600.
Flywings Simulator Training Centre IPO total issue size comprises 29,86,800 shares (aggregating up to ₹57.05 Cr.). This includes a fresh issue of 25,12,800 shares (aggregating up to ₹47.99 Cr.). Offer for Sale consists of 4,74,000 shares (aggregating up to ₹9.05 Cr.). Pre-issue shareholding stands at 76,64,328, which will increase to 1,01,77,128 post-issue.
Flywings Simulator Training Centre IPO Lot Size : Individual Minimum is 2 lots (1,200 shares) amounting to ₹229,200. Individual Maximum is 2 lots (1,200 shares) amounting to ₹229,200. SHNI Minimum is 3 lots (1,800 shares) amounting to ₹343,800. SHNI Maximum is 8 lots (4,800 shares) amounting to ₹916,800. BHNI Minimum is 9 lots (5,400 shares) amounting to ₹1,031,400.
The Lead Managers for Flywings Simulator Training Centre IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Gretex Corporate Services Ltd, Sobhagya Capital Options Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Gretex Share Broking Pvt Ltd. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Flywings Simulator Training Centre Limited RHP.
Flywings Simulator Training Centre IPO Details
Flywings Simulator Training Centre IPO Subscription
Flywings Simulator Training Centre IPO Application Wise Breakup
Flywings Simulator Training Centre IPO Dates
- 05 Dec 2025Opening dateOpen
- 09 Dec 2025Closing dateClose
- 10 Dec 2025Allotment Date Allotment
- 11 Dec 2025Initiation of RefundsRefund
- 11 Dec 2025Credit of SharesCredit
- 12 Dec 2025Listing dateListing
Flywings Simulator Training Centre IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 1200 | ₹229,200 |
| Individual Maximum | 2 | 1200 | ₹229,200 |
| SHNI Minimum | 3 | 1800 | ₹343,800 |
| SHNI Maximum | 8 | 4800 | ₹916,800 |
| BHNI Minimum | 9 | 5400 | ₹1,031,400 |
Flywings Simulator Training Centre IPO Reservation
Promoter Holding
Flywings Simulator Training Centre IPO Valuations
Flywings Simulator Training Centre Financial Information
| 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 | ||
About Flywings Simulator Training Centre IPO
Incorporated in 2011, Flywings Simulator Training Centre Limited is an aviation training institution based in Gurgaon, providing specialized training for commercial aircraft operations.
The company delivers a broad range of aviation training programs covering aviation procedures, in-flight service standards, first aid, safety and emergency protocols, evacuation techniques, personality development, and other essential skills required in commercial aviation.
Flywings serves a prestigious roster of clients, including major Indian carriers such as Vistara, IndiGo, SpiceJet, and Air India, as well as international airlines like Himalaya Airlines and WOW Air.
Its training ecosystem emphasizes safety and operational readiness, supported by advanced equipment such as the A-320 CEET, Boeing 787 door trainers, fire-fighting trainers, and water survival training setups.
Over the last three financial years, the company has conducted more than 20,000 individual training modules, strengthening the capabilities of aviation professionals through its dedicated and specialized training infrastructure.
Services:
- Training Infrastructure Services – Business-to-Business (B2B)
- Training Services – Business-to-Customer (B2C) i.e., Cabin Crew Training and Ground Training.
Strength Of Flywings Simulator Training Centre IPO
- Simulator Infrastructure Aligned with Majority of Indian Fleet Types.
- Recurring Revenue Streams Supported by High Switching Costs.
- Regulatory Compliance Model That Enables Operational Flexibility.
- Strategic Location with Significant Entry Barrier Advantages.
Risk Of Flywings Simulator Training Centre IPO
- A criminal proceeding has been initiated against our Group Company in which one of our Promoters is a former direct; any adverse outcome may impact our Company's reputation and operations.
- There are outstanding legal proceedings involving our Company, Promoter, Directors. Any adverse decision in such proceeding may have a material adverse effect on our business, results of operations and financial condition.
- There is a criminal litigation against our Group company Big Charter Private Limited (BCPL) in which our company's promoter and managing director Ms. Rupal Sanjay Mandavia was a director. If this case is decided against our group company, it will cause loss of reputation of the Company and that may affect our business, operations and financial conditions.
- We are heavily dependent on our equipment's for our operations. Any break-down of our equipment will have a significant impact on our business, financial results and growth prospects.
- Our business is geographically located in one area, Gurgaon. Any loss or shutdown of operations at any of our facilities may have an adverse effect on our business and results of operations.
- The foundation of our business lies in the contractual agreements we establish. Many of our client contracts can be terminated with or without cause by providing notice and without termination-related penalties.
- We could become liable to customers, suffer adverse publicity and incur substantial costs as a result of defects in our services, which in turn could adversely affect the value of our brand, and our services could be diminished if we are associated with negative publicity.
- One of the Object of the issue is to acquire the south African company Skyhawk Aviation (Pty) Limited. There may be inherent uncertainties and risk associated with this acquisition.
- We may fail to realise targeted synergies or other anticipated benefits from the acquisition of Skyhawk Aviation (Pty) Limited.
- We derive a majority portion of our revenue from operations from our top 10 customers, contributing 100% revenue from operations for the financial year ended on March 31, 2024. Loss of one or more of these customers or a reduction in the amount of business we obtain from them could have an adverse effect on our business, results of operations, financial condition and cash flows. Further, we do not have long-term agreements with any our customers.
Objectives Flywings Simulator Training Centre IPO
1. Capital Expenditure towards Pilot Training Equipments
2. General Corporate Purposes
Company Contact Details
Flywings Simulator Training Centre Ltd.
Ground Floor, Killa No. 13, Begampur, Khatula,
Sector 35, Sadar Bazar, Gurgaon, Haryana, 122001
Phone: 01244957945
Email: info@fwstc.co.in
Website: http://www.fwstc.co.in/
Registrar Contact Details
Market Maker
Market Maker Reports