Flywings Simulator Training Centre Limited
IPO Details
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The Initial Public Offering of Flywings Simulator Training Centre Limited's culminated in its successful listing on Dec 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 Dec 05, 2025 to Dec 09, 2025 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Dec 10, 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 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."
- 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.
- 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.
- Ms. Rupal Sanjay Mandavia
Flywings Simulator Training Centre Limited
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