Flywings Simulator Training IPO Price, GMP, Analysis, And Details

Flywings Simulator Training IPO- Company Analysis 

Flywings Simulator Training IPO under the SME IPO category is a book build issue of Rs. 57.05 Cr by Flywings Simulator Training Centre Ltd., and is a Gurgaon-based aviation training provider.

 The firm specializes in full commercial airplane training, spanning subjects like aviation procedures, in-flight services, first aid, safety, emergency evacuation, personality development and more.

 It conducts high-quality training programs focusing on safety and emergency procedures, employing novel training devices like A-320 CEET, Boeing 787 door trainers, fire trainers, and water survival drills.

Services:

• Business-to-Business (B2B) training infrastructure services.
• Business-to-Customer (B2C) training services include ground and cabin crew training.

Flywings Simulator Training IPO Details

The Flywings Simulator Training IPO date of opening is 05 December 2025, its initial public offering will end on 09 Dec, IPO allotment on Dec 10 and refund initiation on Dec 11, 2025.

The Rs. 57.05 crore new SME IPO comprises a combination of fresh issue of 0.25 crore shares (Rs. 47.99 Cr) and offer for sale of 0.05 crore shares aggregating to (Rs. 9.05 Cr).

The Flywings Simulator Training IPO listing date (expected) might be on Friday, Dec 12, 2025, and listing at the NSE and SME. 

The Flywings Simulator Training IPO price band is 181 to Rs. 191.

 

 

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Dec 05, 2025
IPO Closing Date	Dec 09, 2025
IPO Allotment Date	Dec 10, 2025
Refund Initiation	Dec 11, 2025
IPO Listing Date	Dec 12, 2025

 

Click to open demat account and apply for the IPO.

Company Financials (Restated Consolidated)

(Amount in Cr)

Particulars	30 Jun 2025	31 Mar 2025
Assets	59.40	64.65
Total Income	4.24	23.64
PAT	1.38	10.92
EBITDA	2.30	13.51
Net Worth	40.40	39.02
Reserves & Surplus	32.74	31.36
Total Borrowing	14.78	18.09

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	906.94	254.87	1,135.93
Net Cash Flow Investing Activities	-2,060.20	-1,571.33	-65.73
Net Cash Flow Financing Activities	584.92	1,894.94	-524.80

 

Revenue Bifurcation

(Rs. in Lac)

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Capital expenditure towards pilot training equipment. ~ Rs. 35.34 Cr.
• General corporate purposes. 

Listed Peers of Flywings Simulator Training Ltd. 

No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.

Valuation

KPI	Values
ROE	34.75%
ROCE	28.62%
Debt/Equity	0.37
RoNW	34.75%
PAT Margin	54.02%
EBITDA Margin	66.85%
PB Value	3.75

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 14.27 from the last year, the resulting P/E ratio is 13.38x.

Explore the Mother Nutri IPO.

IPO's Strengths 

• Simulator infrastructure is aligned with the majority of Indian fleet types.
• High switching costs to support recurring revenue streams.
• The regulatory compliance model provides operational flexibility.
• Advantages of a strategic location with a high entry barrier

IPO’s Weaknesses 

• It states that it cannot guarantee the financial stability of its primary raw-material suppliers. If any important supplier experiences financial problems or stops selling materials.
• Corona Remedies openly indicates that their business performance depends primarily on the prompt recovery of receivables. Cash flows may be impacted by any payment delays from distributors, hospitals or channel partners.
• Pressure from competition in the pharmaceutical industry.

 

 

Flywings Simulator Training IPO GMP (Grey Market Premium)

Flywings Simulator Training IPO GMP today has not started yet as of 03 Dec 2025 while writing this information.

Flywings Simulator Training IPO Summary

IPO Opening & Closing Date	05 Dec, 2025 to 09 Dec, 2025
Face Value	Rs. 10 per Share
Issue Price	181 to Rs. 191 per Share.
Lot Size	600 Shares
Issue Size	29,86,800 Shares (Rs. 57.05 Cr)
Offer for Sale	4,74,000 Shares (Rs. 9.05 Cr)
Fresh Issue	23,63,400 Shares (Rs. 45.14 Cr)
Listing at	NSE, SME
Issue Type	Book build issue IPO
Registrar	Bigshare Services Pvt. Ltd.

 

IPO Lot Details 

Retail investors can invest in a minimum of 2 Lots (1200 Shares) for Rs. 2,29,200, and in multiples thereof, while S-HNI investors can invest in a minimum of 3 Lots (1800 Shares) for Rs. 3,43,800.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

Flywings Simulator Training IPO Allotment Status

To check the Flywings Simulator Training IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Flywings Simulator Training Ltd.

Ms. Rupal Sanjay Mandavia.

Pre-Issue Promoter Shareholding	85.69%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• Gretex Corporate Services Ltd.
  
  

Dividend Policy

The company has not declared a dividend during the last three years.

Conclusion

Supported by robust profitability indicators and sophisticated simulator infrastructure, the Flywings Simulator Training IPO provides investors with exposure to India's growing aviation training ecosystem. While the business benefits from strong entry barriers and recurring B2B demand, investors should also examine valuation, dependence on training equipment, and sectoral cyclicality.  

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company, Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.

 DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is only for educational purposes. Always discuss with your SEBI-registered financial advisor for investment-related decisions.