{"id":15673,"date":"2025-12-04T10:59:51","date_gmt":"2025-12-04T05:29:51","guid":{"rendered":"https:\/\/www.torusdigital.com\/toruscope\/?p=15673"},"modified":"2025-12-04T11:02:45","modified_gmt":"2025-12-04T05:32:45","slug":"flywings-simulator-training-ipo-opens-key-details-investors-shouldnt-miss","status":"publish","type":"post","link":"https:\/\/www.torusdigital.com\/toruscope\/news\/flywings-simulator-training-ipo-opens-key-details-investors-shouldnt-miss\/","title":{"rendered":"Flywings Simulator Training IPO Opens: Key Details Investors Shouldn\u2019t Miss"},"content":{"rendered":"

[vc_section el_id=”blog-inner-layout”][vc_row overlay_dotted=””][vc_column el_class=”blog_primary”][vc_row_inner][vc_column_inner][vc_column_text css=””]<\/p>\n

In 2025, India\u2019s IPO market has continued to attract strong investor interest, with multiple companies across manufacturing, technology, and services tapping the capital markets. With the aviation sector<\/a> experiencing rapid growth, pilot training and simulator-based programs are witnessing increased demand. Airlines are expanding fleets and focusing on safety, which has created a favourable environment for aviation training providers.<\/p>\n

Amid this trend, Flywings Simulator Training Centre Limited is set to open its IPO<\/a> on December 5, 2025. Here is an in-depth look at the company, its IPO details, and the overall sector outlook.<\/p>\n

<\/span>About Flywings Simulator Training Centre Ltd.<\/strong><\/span><\/h2>\n

Incorporated in 2011 and headquartered in Gurgaon, Flywings Simulator Training Centre Limited is engaged in offering comprehensive aviation training services. The company operates advanced simulator-based training programs for airline crew, covering safety, emergency procedures, in-flight operations, first aid, evacuation drills, and more.<\/p>\n

Flywings serves leading domestic airlines like Air India, Vistara, Indigo<\/a>, and SpiceJet<\/a>, along with international clients including WOW Air and Himalaya Airlines. The company provides both B2B and B2C training, offering structured courses for cabin crew aspirants and ground personnel.<\/p>\n

Its infrastructure includes A-320 CEET simulators, Boeing 787 door trainers, fire trainers, and water survival equipment. Over the last three years, Flywings has delivered more than 20,000 aviation training modules, showcasing its strong operational capability.<\/p>\n

<\/span>Flywings Simulator Training IPO Details<\/strong><\/span><\/h2>\n

The Flywings Simulator Training IPO<\/a> aims to raise \u20b957.05 crore through a mix of fresh issue and offer for sale. The proceeds will be utilised for capital expenditure and general corporate purposes.<\/p>\n

<\/span>Important IPO Timeline<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Event<\/strong><\/td>\nDate<\/strong><\/td>\n<\/tr>\n<\/thead>\n
IPO Open Date<\/td>\nDecember 5, 2025<\/td>\n<\/tr>\n
IPO Close Date<\/td>\nDecember 9, 2025<\/td>\n<\/tr>\n
Allotment Date (Tentative)<\/td>\nDecember 10, 2025<\/td>\n<\/tr>\n
Initiation of Refunds<\/td>\nDecember 11, 2025<\/td>\n<\/tr>\n
Credit of Shares to Demat<\/td>\nDecember 11, 2025<\/td>\n<\/tr>\n
Listing Date (Tentative)<\/td>\nDecember 12, 2025<\/td>\n<\/tr>\n
Cut-off Time for UPI Mandate Confirmation<\/td>\n5 PM on December 9, 2025<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Key IPO Details<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
IPO Date<\/td>\nDecember 5, 2025 to December 9, 2025<\/td>\n<\/tr>\n
Face Value<\/td>\n\u20b910\u00a0per share<\/td>\n<\/tr>\n
Issue Price Band<\/td>\n\u20b9181 to \u20b9191 per share<\/td>\n<\/tr>\n
Lot Size<\/td>\n600 Shares<\/td>\n<\/tr>\n
Sale Type<\/td>\nFresh Capital-cum-Offer for Sale<\/td>\n<\/tr>\n
Total Issue Size<\/td>\n29,86,800\u00a0shares
\n(aggregating up to \u20b957.05\u00a0Cr)<\/td>\n<\/tr>\n
Reserved for\u00a0Market Maker<\/td>\n1,49,400\u00a0shares
\n(aggregating up to \u20b92.85\u00a0Cr)Gretex Share Broking Pvt.Ltd.<\/td>\n<\/tr>\n
Fresh Issue
\n(Ex Market Maker)<\/td>\n		23,63,400\u00a0shares
\n(aggregating up to \u20b945.14\u00a0Cr)<\/td>\n<\/tr>\n
Offer for Sale<\/td>\n4,74,000\u00a0shares of \u20b910
\n(aggregating up to \u20b99.05\u00a0Cr)<\/td>\n<\/tr>\n
Net Offered to Public<\/td>\n28,37,400\u00a0shares
\n(aggregating up to \u20b954.19\u00a0Cr)<\/td>\n<\/tr>\n
Issue Type<\/td>\nBookbuilding\u00a0IPO<\/td>\n<\/tr>\n
Listing At<\/td>\nNSE SME<\/td>\n<\/tr>\n
Share Holding Pre-Issue<\/td>\n76,64,328\u00a0shares<\/td>\n<\/tr>\n
Share Holding Post Issue<\/td>\n1,01,77,128\u00a0shares<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Gretex Corporate Services Ltd.<\/a> is the book-running lead manager, and Bigshare Services Pvt. Ltd. is the registrar of the issue. The Market Maker of the company is Gretex Share Broking Pvt. Ltd.<\/p>\n

<\/span>Flywings Simulator Training IPO Reservation<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n
Investor Category<\/strong><\/td>\nShares Offered<\/strong><\/td>\n<\/tr>\n<\/thead>\n
QIB<\/td>\nNot more than 50% of Net Issue<\/td>\n<\/tr>\n
Retail<\/td>\nNot less than 35% of Net Issue<\/td>\n<\/tr>\n
NII<\/td>\nNot less than 15% of Net Issue<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Flywings Simulator Training IPO Lot Size<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n
Application Category<\/strong><\/td>\nLots<\/strong><\/td>\nShares<\/strong><\/td>\nAmount<\/strong><\/td>\n<\/tr>\n<\/thead>\n
Retail (Min)<\/td>\n2<\/td>\n1,200<\/td>\n\u20b92,29,200<\/td>\n<\/tr>\n
Retail (Max)<\/td>\n2<\/td>\n1,200<\/td>\n\u20b92,29,200<\/td>\n<\/tr>\n
S-HNI (Min)<\/td>\n3<\/td>\n1,800<\/td>\n\u20b93,43,800<\/td>\n<\/tr>\n
S-HNI (Max)<\/td>\n8<\/td>\n4,800<\/td>\n\u20b99,16,800<\/td>\n<\/tr>\n
B-HNI (Min)<\/td>\n9<\/td>\n5,400<\/td>\n\u20b910,31,400<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Flywings Simulator Training Centre Ltd. Financials<\/strong><\/span><\/h2>\n

The Flywings Simulator Training IPO is valued at a market capitalisation of \u20b9194.38 crore. The company reports strong profitability, high margins, and low leverage.<\/p>\n

<\/span>Consolidated Financials (\u20b9 Crore)<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Period Ended<\/strong><\/td>\n30 Jun 2025<\/strong><\/td>\n31 Mar 2025<\/strong><\/td>\n<\/tr>\n<\/thead>\n
Assets<\/td>\n59.40<\/td>\n64.65<\/td>\n<\/tr>\n
Total Income<\/td>\n4.24<\/td>\n23.64<\/td>\n<\/tr>\n
Profit After Tax<\/td>\n1.38<\/td>\n10.92<\/td>\n<\/tr>\n
EBITDA<\/td>\n2.30<\/td>\n13.51<\/td>\n<\/tr>\n
Net Worth<\/td>\n40.40<\/td>\n39.02<\/td>\n<\/tr>\n
Reserves & Surplus<\/td>\n32.74<\/td>\n31.36<\/td>\n<\/tr>\n
Total Borrowing<\/td>\n14.78<\/td>\n18.09<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Standalone Financials (\u20b9 Crore)<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Period Ended<\/strong><\/td>\n31 Mar 2024<\/strong><\/td>\n31 Mar 2023<\/strong><\/td>\n<\/tr>\n<\/thead>\n
Assets<\/td>\n44.95<\/td>\n16.38<\/td>\n<\/tr>\n
Total Income<\/td>\n22.60<\/td>\n10.44<\/td>\n<\/tr>\n
Profit After Tax<\/td>\n10.74<\/td>\n4.16<\/td>\n<\/tr>\n
EBITDA<\/td>\n15.29<\/td>\n5.78<\/td>\n<\/tr>\n
Net Worth<\/td>\n23.80<\/td>\n1.08<\/td>\n<\/tr>\n
Reserves & Surplus<\/td>\n23.74<\/td>\n1.07<\/td>\n<\/tr>\n
Total Borrowing<\/td>\n10.70<\/td>\n7.67<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Key Performance Indicators (KPI)<\/strong><\/span><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
KPI<\/strong><\/td>\nValues<\/strong><\/td>\n<\/tr>\n<\/thead>\n
ROE<\/td>\n34.75%<\/td>\n<\/tr>\n
ROCE<\/td>\n28.62%<\/td>\n<\/tr>\n
Debt Equity<\/td>\n0.37<\/td>\n<\/tr>\n
RoNW<\/td>\n34.75%<\/td>\n<\/tr>\n
PAT Margin<\/td>\n54.02%<\/td>\n<\/tr>\n
EBITDA Margin<\/td>\n66.85%<\/td>\n<\/tr>\n
Price to Book Value<\/td>\n3.75<\/td>\n<\/tr>\n
Market Cap<\/td>\n\u20b9194.38 Cr<\/td>\n<\/tr>\n
Pre IPO EPS<\/td>\n\u20b914.24<\/td>\n<\/tr>\n
Post IPO EPS<\/td>\n\u20b95.42<\/td>\n<\/tr>\n
Pre IPO P\/E<\/td>\n13.41<\/td>\n<\/tr>\n
Post IPO P\/E<\/td>\n35.22<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Objects of the Issue<\/strong><\/span><\/h3>\n\n\n\n\n\n\n
S.No.<\/strong><\/td>\nObjective<\/strong><\/td>\nAmount (\u20b9 Cr)<\/strong><\/td>\n<\/tr>\n<\/thead>\n
1<\/td>\nCapital expenditure towards pilot training equipment<\/td>\n35.34<\/td>\n<\/tr>\n
2<\/td>\nGeneral corporate purposes<\/td>\nBalance<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>Flywings Simulator Training Centre Ltd.: Industry Outlook<\/strong><\/span><\/h3>\n