Flywings Simulator IPO Description – Flywings Simulator Training Centre (FWSTC), headquartered in Gurugram, is a specialized aviation training provider focused on Safety and Emergency Procedures (SEP) for cabin and cockpit crew. Established in 2011 in response to infrastructure gaps identified by the International Civil Aviation Organization (ICAO), FWSTC has emerged as a key contributor to India’s aviation training ecosystem.
The company primarily operates on a Business-to-Business (B2B) model, serving leading domestic airlines, regional international carriers, and non-scheduled operators. Complementing this, its Business-to-Customer (B2C) vertical offers training in aviation knowledge, service delivery, and soft skills relevant to aviation and hospitality careers.
FWSTC’s core offerings include simulator-based SEP training modules covering door operations, emergency evacuation, in-flight firefighting, and ditching drills. Over the past three years, the company has delivered more than 20,000 individual training modules. With a workforce of 24 employees as of November 2025, FWSTC operates DGCA-approved classrooms and maintains long-term contracts (typically 3–5 years) with major airline clients.
Promoters of Flywings Simulator Training Centre – Ms. Rupal Sanjay Mandavia, and Mr. Mitul Natvarlal Mandavia
Table of Contents
Flywings Simulator Training Centre IPO Details
| Flywings Simulator IPO Dates | 5 – 9 December 2025 |
| Flywings Simulator Issue Price | INR 181 – 191 pr share |
| Fresh Issue | 25,12,800 shares (INR 45.48 – 47.99 crore) |
| Offer For Sale | 4,74,000 shares (INR 8.58 – 9.05 crore) |
| Total IPO Size | 29,86,800 shares (INR 54.06 – 57.05 crore) |
| Minimum Bid | 1,200 shares (INR 2,29,200) |
| Lot Size | 600 shares (INR 1,14,600) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | NSE EMERGE |
Flywings Simulator Financial Performance
| FY 2023* | FY 2024* | FY 2025 | Q1 FY 2026 | |
| Revenue | 10.38 | 22.20 | 20.21 | 4.06 |
| Expenses | 5.71 | 8.11 | 8.74 | 2.35 |
| Net income | 4.16 | 10.74 | 10.92 | 1.38 |
* All Standalone Data
Flywings Simulator Offer News
- Flywings Simulator RHP
- Flywings Simulator Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Flywings Simulator Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 37.47 | 42.03 | 14.27 |
| PE ratio | – | – | 12.68 – 13.38 |
| RONW (%) | (414.82) | 86.32 | 34.75 |
| NAV | 9.70 | 32.17 | 50.92 |
| ROCE (%) | 57.07 | 43.36 | 28.62 |
| EBITDA (%) | 55.69 | 68.86 | 66.85 |
| Debt/Equity | 7.12 | 0.45 | 0.46 |
Flywings Simulator IPO GMP Today
| Date | Consolidated IPO GMP | Subject to Sauda |
| Coming soon | – | – |
Flywings Simulator IPO Subscription – Live Updates
The market maker reservation portion of 1,49,400 shares and the anchor investor portion of 8,50,200 shares are not included in the above calculations.
Flywings Simulator IPO Allotment Status
Flywings Simulator IPO allotment status will be available on the Bigshare Services website. Click on this link to get the allotment status.
Flywings Simulator IPO Dates & Listing Performance
| IPO Opening Date | 5 December 2025 |
| IPO Closing Date | 9 December 2025 |
| Finalization of Basis of Allotment | 10 December 2025 |
| Initiation of refunds | 11 December 2025 |
| Transfer of shares to demat accounts | 11 December 2025 |
| IPO Listing Date | 12 December 2025 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Flywings Simulator Offer Lead Manager
SOBHAGYA CAPITAL OPTIONS PRIVATE LIMITED
C-7&7A, Hosiery Complex, Phase-II
Extension, Noida – 201305, Uttar Pradesh
Phone: +91 9920379029/ +91 78360 66001
Email: [email protected]
Website: www.sobhagyacap.com
Flywings Simulator Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Pinnacle Business Park, Off No S6-2, 6th Floor,
Mahakali Caves Road, Chakala, MIDC,
Mumbai – 400093, Maharashtra, India
Tel: 022 – 6263 8200
E-mail: [email protected]
Website: www.bigshareonline.com
Flywings Simulator Contact Details
FLYWINGS SIMULATOR TRAINING CENTRE LIMITED
Ground Floor, Killa No. 13, Begampur, Khatola,
Sector 35, Sadar Bazar, Gurgaon, Haryana, – 122001
Phone: +91 73033 31098
E-mail: [email protected]
Website: www.fwstc.in
IPO FAQs
What is the Flywings Simulator’s offer size?
Flywings Simulator’s offer size is INR 54.06 – 57.05 crores.
What is the Flywings Simulator’s offer price band?
Flywings Simulator’s public offer price is INR 181 – 191 per share.
What is the lot size of the Flywings Simulator IPO?
Flywings Simulator offer lot size is 600 shares.
What is the Flywings Simulator IPO GMP today?
Flywings Simulator IPO GMP today is INR NA per share.
What is the Flywings Simulator IPO Subject to Sauda rate today?
Flywings Simulator Subject to Sauda rate today is INR NA per application.