Flywings Simulator Training Centre Limited IPO
Flywings Simulator Training Centre Limited IPO
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The Initial Public Offering of Flywings Simulator Training Centre Limited's culminated in its successful listing on 12-12-2025 at the NSE trading platform. The company secured 29,86,800 Shares through this capital market exercise, with 25,12,800 Shares allocated to new capital formation and ₹9.05 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹181 to ₹191, with minimum investment requirements of 600 shares. The subscription period from 05-12-2025 to 09-12-2025 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 10-12-2025. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Flywings Simulator IPO About Company
Flywings Simulator Training Centre Limited, incorporated in 2011 and based in Gurgaon, is a specialized aviation training institution offering end-to-end training solutions for aspiring and professional aviation personnel. The company provides globally aligned training modules covering aviation procedures, in-flight services, first aid, safety protocols, emergency evacuation, and personality development. With advanced training infrastructure including A-320 Cabin Emergency Evacuation Trainer (CEET), Boeing 787 Door Trainers, fire simulators, and water-survival facilities, Flywings ensures realistic, hands-on learning. It trains crew members for major domestic airlines like Vistara, Indigo, SpiceJet, and Air India, as well as international carriers such as Himalaya Airlines and WOW Air. The company’s services span comprehensive cabin crew training and ground training programs focused on operational excellence, safety, and airline workflow.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Flywings Simulator IPO Strength Factors
- Advanced Simulator Setup: Uses high-end simulators that match major aircraft used in India, requiring heavy investment and expert maintenance—creating strong entry barriers for new players.
- Stable Recurring Revenue: Training demand is regular due to mandatory safety training, and airlines face high switching costs because of audits and DGCA approvals—leading to long-term clients and steady income.
- Flexible Regulatory Model: DGCA approvals are needed for airlines, not the training centre, allowing the company to train multiple airlines efficiently and improve simulator usage.
Flywings Simulator IPO Risk Factors
- Past Director Disqualification: The Managing Director previously faced disqualification due to compliance lapses in group companies. Although resolved, similar issues in the future could impact the company’s reputation and governance.
- Geographic Concentration: Operations are mainly based in Gurgaon and Dwarka. Any disruption in these areas could affect business continuity and financial performance.
- Dependence on Skilled Personnel: The company relies on experienceMs. Rupal Sanjay Mandaviad management and trained staff. Losing key people or difficulty in hiring talent could impact operations and overall performance.
Flywings Simulator IPO Lead Manager(s)
- Gretex Corporate Services Limited
- Sobhagya Capital Options Limited
Flywings Simulator IPO Promoter(s)
- Ms. Rupal Sanjay Mandavia
Flywings Simulator IPO FAQs
Flywings Simulator Training Centre Limited IPO subscribed 1.75 times. The public issue subscribed 0.97 times in the retail category,1.56times in QIB, and 5.19 times in the HNI (10+) category byDecember 12, 2025 4:15:00 AM (Day 12).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Flywings Simulator IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Flywings Simulator IPO FAQs
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