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Flywings Simulator Training IPO
Price Band
₹181.0–191.0
Issue Size
₹57.05 Cr
Lot Size
600 shares
Min Investment
₹229,200
2 LOTS MIN
GMP
—
Issue Price
₹191.0
Flywings Simulator Training IPO AI Summary
- Flywings Simulator Training IPO is listed on NSE SME in the Aerospace & Defense sector.
- Price band: ₹181.0–₹191.0 per share, lot size 600 shares (min. investment ₹229,200, 2 lots minimum).
- Subscription window: 05 Dec–09 Dec 2025, listing on 12 Dec 2025.
Flywings Simulator Training Centre Limited is an established player in aviation training, with a strong focus on safety and emergency procedures. The company has a solid client base and a comprehensive training infrastructure. However, potential investors should consider the recent decline in income and profit figures when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Flywings Simulator Training IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 09 Dec 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Flywings Simulator Training IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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: Training Infrastructure Services – Business-to-Business (B2B) Training Services – Business-to-Customer (B2C) i.e., Cabin Crew Training and Ground Training. Competitive Strengths: 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
Company Financials (₹ Cr)
As of 2025-06-30
| 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 |
Key Ratios
EPS
₹14.24
NAV
₹50.92
ROE
34.75%
ROCE
28.62%
RoNW
34.75%
P/B Value
3.75
P/E Ratio
13.41
Market Cap
₹194.38 Cr
PAT Margin
54.02%
Debt/Equity
0.37
Promoters
Rupal Sanjay Mandavia
Objects of the Issue
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 3 Issue Expenses 7.97 Total 47.99
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹23.64 Cr in the period ending 31 Mar 2025, declining to ₹4.24 Cr by 30 Jun 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹10.92 Cr in the period ending 31 Mar 2025, decreasing to ₹1.38 Cr by 30 Jun 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are officially listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on demand and supply in the grey market. A higher GMP suggests strong demand, while a lower or negative GMP may indicate weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who prefer stable and established companies with predictable earnings may want to avoid this IPO, as it operates in a sector that can be affected by economic fluctuations and regulatory changes.
IPO Timeline, Explained
The IPO process involves several key dates: the issue opens on 5 December 2025 and closes on 9 December 2025. Allotment of shares will be completed by 10 December 2025, with the listing date set for 12 December 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a price higher than the issue price. However, there are risks involved, as market conditions can change rapidly, and there is no guarantee that shares will perform well on the listing day.
This evaluation is generated from Flywings Simulator Training's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Flywings Simulator Training IPO?
The price band of Flywings Simulator Training IPO is ₹181.0–₹191.0 per share.
When does Flywings Simulator Training IPO open and close?
Flywings Simulator Training IPO opens on 05 December 2025 and closes on 09 December 2025.
When does Flywings Simulator Training IPO list on the stock exchange?
Flywings Simulator Training IPO listed on 12 December 2025 at ₹191.0.
What is the lot size for Flywings Simulator Training IPO?
The lot size for Flywings Simulator Training IPO is 600 shares, requiring a minimum investment of ₹229,200 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹181.0 to ₹191.0.
What is the minimum investment required?
The minimum investment required is ₹229,200.
What is the lot size for the IPO?
The lot size for the IPO is 600 shares.
When does the IPO open and close?
The IPO opens on 5 December 2025 and closes on 9 December 2025.
When will the shares be listed?
The shares are expected to be listed on 12 December 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
05 Dec 2025
Close
09 Dec 2025
Allotment
10 Dec 2025
Listing
12 Dec 2025
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