31 Mar 2025
Assets64.65
Total Income23.64
EBITDA13.51
Profit After Tax10.92
NET Worth39.02
Reserves and Surplus31.36
Total Borrowing18.09
At a glance
Updated 2026-08-24The shares listed at ₹195.00, a 2.09% move from the issue price. Flywings Simulator Training is a SME IPO with an issue size of ₹57.05 crore, proposed for listing on NSE SME. The offer opens on 5th Dec 2025 and closes on 9th Dec 2025. The issue structure includes a fresh issue of ₹45.14 crore and an offer-for-sale component of ₹9.05 crore. The current listing schedule points to 12th Dec 2025.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹57.05 Cr
Fresh issue₹45.14 Cr
Offer for sale₹9.05 Cr
Face value₹10
Price band₹181.00–₹191.00
Allotment10th Dec 2025
Listing12th Dec 2025
Listing performance
Full performance ↗Issue price₹191.00
Listing price₹195.00
Current price—
Listing gain2.09%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹191.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens5th Dec 2025
Closes9th Dec 2025
Allotment10th Dec 2025
Refund11th Dec 2025
Demat11th Dec 2025
Listing12th Dec 2025
Subscription demand
Full bidding ↗Total1.67×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | ₹229,200 |
Company
Incorporated2011
Use of proceeds
| Object | Amount |
|---|---|
| Capital Expenditure towards Pilot Training Equipments | ₹35.34 Cr |
| General Corporate Purposes | ₹4.68 Cr |
| Issue Expenses | ₹7.97 Cr |
| Total | ₹47.99 Cr |
Financials
Full financials ↗30 Jun 2025
Assets59.40
Total Income4.24
EBITDA2.30
Profit After Tax1.38
NET Worth40.40
Reserves and Surplus32.74
Total Borrowing14.78
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 34.75% |
| ROCE | 28.62% |
| Debt / Equity | 0.37% |
| RoNW | 34.75% |
| PAT Margin | 54.02% |
| EBITDA Margin | 66.85% |
| Price to Book Value | 3.75 |
Valuation & shareholding
Pre-IPO EPS14.24
Post-IPO EPS5.42
Pre-IPO P/E13.41
Post-IPO P/E35.22
Promoter holding pre85.69%
Promoter holding post59.87%
Market cap₹194.38 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Capital Expenditure towards Pilot Training Equipments | ₹35.34 Cr |
| General Corporate Purposes | ₹4.68 Cr |
| Issue Expenses | ₹7.97 Cr |
| Total | ₹47.99 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Gretex Corporate Services Ltd.
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.