Minimum Investment
About Company
Company Name: Flywings Simulator Training Centre Limited
Industry / Sector: Aviation Training & Simulation
Founded Year: 2018
Promoters: Arjun Mehta, Sanjay Kulkarni
Flywings Simulator Training Centre Limited provides aviation training services focused on commercial pilot training and flight simulator programs. The company operates advanced flight simulators and offers certification programs for airline pilots, aviation professionals, and flight instructors. It aims to support the growing aviation sector by providing cost-efficient and technologically advanced pilot training infrastructure.
IPO Basic Details
| Company Name | Flywings Simulator Training Centre Limited |
| IPO Type | SME IPO |
| Price Band | ₹145 – ₹150 |
| Lot Size | 1000 |
| Total Issue Size | ₹32.25 Cr |
IPO Strengths & Risks
Strengths
- Growing demand for trained pilots globally
- Modern simulator infrastructure
- Experienced aviation instructors
- Strategic partnerships with aviation academies
Risks
- Highly capital intensive aviation training infrastructure
- Dependence on aviation industry growth
- Regulatory approvals required for training operations
- SME stock liquidity risk after listing
IPO Important Dates
| IPO Open Date | 28 Nov 2025 |
| IPO Close Date | 30 Nov 2025 |
| Basis of Allotment | 02 Dec 2025 |
| Refund Initiation | 03 Dec 2025 |
| Demat Credit Date | 03 Dec 2025 |
| Listing Date | 05 Dec 2025 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | 30 Nov 2025 |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – Operational expenses and business expansion
- Debt repayment – -
- General corporate purposes – Corporate and administrative requirements
Investor Reservation
| QIB Quota | Not Applicable (SME IPO) |
| Retail Quota | 35% |
| HNI Quota | 50% |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 lot | 1000 | ₹1,50,000 |
| Retail Maximum | - | - | - |
| S-HNI Minimum | 2 lots | 2000 | ₹3,00,000 |
| S-HNI Maximum | - | - | - |
| B-HNI Minimum | - | - | - |
Key Performance Indicators (KPI)
| ROE | 29.7% |
| ROCE | 26.4% |
| RoNW | 29.7% |
| PAT Margin | 13.6% |
| EBITDA Margin | 21.2% |
| EPS | ₹9.3 |
| NAV per share | - |
| Debt to Equity | 0.42 |
| P/E Ratio | 16.1x |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 31 Mar 2025 | ₹52.4 Cr | ₹41.3 Cr | ₹5.6 Cr | ₹8.8 Cr | ₹19.7 Cr | ₹8.4 Cr |
| 31 Mar 2024 | ₹44.2 Cr | ₹33.6 Cr | ₹3.9 Cr | ₹6.3 Cr | ₹15.2 Cr | ₹7.1 Cr |
| 31 Mar 2023 | ₹36.7 Cr | ₹27.4 Cr | ₹2.8 Cr | ₹4.8 Cr | ₹11.6 Cr | ₹6.3 Cr |
Grey Market Premium
| GMP Price | ₹22 |
| Kostak Rate | ₹1,200 |
| Subject to Sauda | ₹20,000 |
| Last Updated | 04 Dec 2025 |
| Estimated Listing Price | ₹172 |
IPO Subscription Data
| Total Subscription | 89.12x |
| QIB (Ex Anchor) | N/A |
| HNI Subscription | 120.34x |
| Retail Subscription | 57.92x |
| Anchor | - |
IPO Intermediaries
Registrar: Bigshare Services Pvt Ltd
Registrar Website: https://www.bigshareonline.com
IPO Lead Manager(s)
Company Information
Address: Mumbai, Maharashtra, India
Website: https://www.flywingssimulator.com
Email: info@flywingssimulator.com
Phone: +91 22 4890 5500
IPO Documents
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