Search IPOs
FWSTC · NSE · Aviation Training
Flywings Simulator Training Centre IPO listed on 12 Dec 2025 on NSE at ₹195.00, a gain of 0.00% over the issue price of ₹191.00. The IPO was subscribed 1.67x overall.
Flywings Simulator Training Centre IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 05 Dec 2025 |
| IPO Close Date | 09 Dec 2025 |
| Basis of Allotment | 10 Dec 2025 |
| Initiation of Refunds | 11 Dec 2025 |
| Credit of Shares to Demat | 11 Dec 2025 |
| Listing Date | 12 Dec 2025 |
Listing day gain
+0%
Listed at ₹195 (issue ₹191)
Issue
₹191
Listing
₹195
Current
₹204.75
+7.2% vs issue
Day range
₹186 – ₹204.75
Issue Size
2,986,800 shares
(aggregating up to ₹57.00 Cr)
Issue Price
₹181 – ₹191
Face Value
₹10/share
Market Lot
600 shares
Retail Min Investment
₹229,200
Listing At
NSE
Sale Type
both
Fresh Issue
2,363,400 shares
(aggregating up to ₹45 Cr)
Offer for Sale
474,000 shares
(aggregating up to ₹9 Cr)
Reserved for Market Maker
149,400 shares
(aggregating up to ₹2.85 Cr)
Issue Type
book building
Open Date
05 Dec
Close Date
09 Dec
Allotment
10 Dec
Listing
12 Dec
Last updated: 9 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 12 Dec 2025 Latest | ₹191 | ₹0 | ₹191 | ₹0 |
0%
|
1:49 AM |
| 11 Dec 2025 | ₹191 | ₹0 | ₹191 | ₹0 |
0%
|
1:49 AM |
Latest snapshot: 09 Dec 2025
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 1.56x | - |
| NII | 3.47x | - |
| bNII (bids above ₹10L) | 4.66x | - |
| sNII (bids below ₹10L) | 1.09x | - |
| Retail Investors | 0.97x | - |
| Total | 1.67x | - |
Showing the latest subscription snapshot.
View full subscription historyMs. Rupal Sanjay Mandavia is the promoter of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹229,200 |
| Retail (Max) | 2 | 1,200 | ₹229,200 |
| S-HNI (Min) | 3 | 1,800 | ₹343,800 |
| S-HNI (Max) | 8 | 4,800 | ₹916,800 |
| B-HNI (Min) | 9 | 5,400 | ₹1,031,400 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 149,400 (5.00%) |
| QIB Shares Offered | 1,417,200 (47.45%) |
|
•
Anchor Investor Shares Offered
|
850,200 (28.47%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
567,000 (18.98%) |
| NII (HNI) Shares Offered | 426,600 (14.28%) |
|
•
bNII > ₹10L
|
284,400 (9.52%) |
|
•
sNII < ₹10L
|
142,200 (4.76%) |
| Retail Shares Offered | 993,600 (33.27%) |
| Total Shares Offered | 2,986,800 (100.00%) |
Flywings Simulator Training Centre Limited is a specialized B2B provider of Safety and Emergency Procedures (SEP) training for the aviation industry. Based in Gurgaon, the company serves major domestic airlines and international regional carriers, offering immersive training using high-fidelity simulators like the Airbus 320 and Boeing 787 door trainers.
Strengths:
Growth:
Standalone · ₹ in Crores
| Particulars | FY 2025 |
|---|---|
| Total Revenue | 23.64 |
| Profit After Tax (PAT) | 10.92 |
| EBITDA | 13.51 |
| Total Assets | 64.65 |
| Net Worth | 39.02 |
| Reserves & Surplus | 31.36 |
| Total Borrowing | 18.09 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2025 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 34.75% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 28.62% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 34.75% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 54.02% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 66.85% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.37x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 3.75x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹14.24 | ₹5.42 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 13.41x | 35.22x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹146 Cr | ₹194 Cr |
The basis of allotment for Flywings Simulator Training Centre IPO was finalised on 10 Dec 2025. You can check your allotment status using your PAN number or application number on the Bigshare Services Private Limited portal or BSE.
The Flywings Simulator Training Centre IPO is expected to open in Dec 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Flywings Simulator Training Centre IPO is ₹181.00 - ₹191.00 per share.
As per market sources, Flywings Simulator Training Centre IPO GMP is currently ₹0.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Flywings Simulator Training Centre IPO stands at 1.67x overall.
The listing date for Flywings Simulator Training Centre IPO is 12 Dec 2025.
No comments yet. Be the first to comment!
