Flywings Simulator Training Centre IPO
Flywings Simulator Training Centre IPO Details
-
Open Date
05 Dec 2025
-
Close Date
09 Dec 2025
-
Listing Date
12 Dec 2025
- IPO Price Range
₹ 181 to ₹191
- IPO Size
₹ 57.05 Cr
- Listing Exchange
NSE SME
Flywings Simulator Training Centre IPO Timeline
Last Updated: 05 December 2025 5:15 AM by 5paisa
Flywings Simulator Training Centre Ltd (FWSTC) is India’s most advanced aviation training centre, headquartered in Gurgaon and established in 2011 with initial operations in Mumbai. It focuses on high-quality Safety and Emergency Procedures (SEP) training for cabin and cockpit crew. It offers realistic mock-ups and simulators for emergency drills, fire, smoke, and water survival scenarios. FWSTC works with aviation institutes in India and around the world. It provides DGCA-approved training environments for airlines and schools. The company’s mission is to deliver world-class, cost-effective training with a focus on real-world situations, customised solutions, and global standards of excellence.
Established in: 2011
Managing Director: Rupal Mandavia
Flywings Simulator Training Centre Objectives
1. Capital Expenditure towards Pilot Training Equipment’s (₹35.34 Cr)
2. General Corporate Purposes
Flywings Simulator Training Centre Ltd IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹57.05 Cr |
| Offer For Sale | ₹9.05 Cr |
| Fresh Issue | ₹48 Cr |
Flywings Simulator Training Centre Ltd IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | 2,17,200 |
| Retail (Max) | 2 | 1,200 | 2,29,200 |
| S-HNI (Min) | 3 | 1,800 | 3,25,800 |
| S-HNI (MAX) | 8 | 4,800 | 9,16,800 |
| B-HNI (Min) | 9 | 5,400 | 10,31,400 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 10.38 | 22.20 | 20.21 |
| EBITDA | 57.79 | 15.29 | 13.51 |
| PAT | 4.16 | 10.74 | 10.92 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 16.38 | 44.95 | 64.65 |
| Share Capital | 0.01 | 0.07 | 7.66 |
| Total Liabilities | 16.38 | 44.95 | 64.65 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 11.36 | 25.5 | 90.7 |
| Net Cash Generated From / (used in) Investing Activities | -0.66 | -15.71 | -20.60 |
| Net Cash Generated From / (used in) Financing Activities | -5.25 | 18.95 | 5.85 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 5.54 | 5.78 | -5.68 |
Strengths
1. Simulator infrastructure matches major Indian airline fleets, creating entry barriers
2. Recurring revenue from mandatory safety training with high airline switching costs
3. Flexible, compliance-friendly business model under airline DGCA approvals
4. Strategic Gurgaon location for easy access to airlines and IGI Airport
Weaknesses
1. Limited brand recognition compared to larger competitors
2. Dependence on a few major airline clients for revenue
3. Modest profitability ratios (ROE, ROA) relative to industry peers
4. Small IPO size may limit investor interest
Opportunities
1. Growing demand for aviation safety and emergency training in India
2. Expansion into new geographies or simulator types
3. Increased regulatory focus on recurrent training
4. Use of IPO proceeds for technology upgrades or foreign subsidiaries
Threats
1. Intense competition in the aviation training sector
2. Regulatory changes impacting airline training requirements
3. Economic downturns affecting airline training budgets
4. Dependence on government approvals for operations
1. Simulator infrastructure is aligned with major Indian airline fleets, creating strong entry barriers and ensuring steady demand
2. Recurring revenue from mandatory safety training ensures long-term airline retention and stable cash flows
3. Flexible, compliance-friendly business model operates under airline DGCA approvals, reducing regulatory risks
4. Strategic Gurgaon location provides easy access to airlines and IGI Airport, supporting efficient training operations
Flywings Simulator Training Centre Ltd operates in India's aviation safety and emergency training sector. It provides simulator-based programs for pilots and cabin crew. The company's facilities match those of major airline fleets and support the necessary recurrent training. With a growing demand for aviation safety, Flywings is positioned for expansion, leveraging its strategic location and compliance-driven model. The IPO proceeds will be used for capital expenditure and general corporate purposes, aiming to strengthen its market presence and growth potential
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FAQs
Flywings Simulator Training Centre Ltd IPO opens from December 5, 2025 to December 9, 2025.
The size of Flywings Simulator Training Centre Ltd IPO is ₹57.05 Cr.
The price band of Flywings Simulator Training Centre Ltd IPO is fixed at ₹181 to ₹191 per share.
To apply for Flywings Simulator Training Centre Ltd IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Flywings Simulator Training Centre Ltd IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the minimum lot size and investment required for Flywings Simulator Training Centre Ltd IPO?
The minimum lot size of Flywings Simulator Training Centre Ltd IPO is of 1,200 shares and the investment required is ₹2,29,200.
The share allotment date of Flywings Simulator Training Centre Ltd IPO is December 10, 2025
The Flywings Simulator Training Centre Ltd IPO will likely be listed on 12 December 2025.
Sobhagya Capital Options Private Limited and Bigshare Services Private Limited are the book running lead managers for Flywings Simulator Training Centre Ltd IPO.
Flywings Simulator Training Centre Ltd IPO plans to utilise the raised capital from the IPO for:
1. Capital Expenditure towards Pilot Training Equipment’s (₹35.34 Cr)
2. General Corporate Purposes
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