Flywings Simulator Training Centre came to market through an SME IPO that opened on 5 December 2025 and closed on 9 December 2025, and the shares listed on 12 December 2025 on NSE SME. The price band was ₹181 to ₹191 per share and one lot was 600 shares, so the minimum application was ₹1,14,600. The issue size was ₹57.05 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Bigshare Services Pvt Ltd was the registrar to the issue, and Gretex Corporate Services Ltd., Sobhagya Capital Options Pvt.Ltd were the lead managers.
As of 9 December 2025.
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Flywings Simulator Training Centre Limited was incorporated in 2011. It is engaged in Aviation Training located in Gurgaon.The company specializes in comprehensive commercial aircraft training, covering areas like aviation procedures, in-flight services, first aid, safety, emergency evacuation, personality development, and many more.
Operating from Gurgaon, Flywings Simulator Training Centre Limited serves esteemed clients, including A-rated domestic airlines like Vistara, Indigo, SpiceJet, Air India, and international airlines like Himalaya Airlines and WOW Air.The company provides high-quality training programs, which are based on safety and emergency procedures, through highly advanced training devices like A-320 CEET, Boeing 787 door trainers, fire trainers, and water survival drills.
Over the last three financial years, it has delivered in excess of 20,000 individual training modules for aviation professionals through its specialist training infrastructure.
As described in the offer document.
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Ms. Rupal Sanjay Mandavia. Promoter holding 85.69% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Flywings Simulator Training Centre IPO was a ₹57.05 crore book-built issue, comprising a fresh issue of ₹47.99 crore and an offer for sale of ₹9.05 crore. It was priced at ₹181–₹191 per share with a lot size of 600 shares; the minimum retail application was 1,200 shares (₹2,29,200). The IPO was open from December 5 to December 9, 2025 and was subscribed 1.75x.
Shares listed on NSE SME on December 12, 2025 at ₹195, a 2.1% premium to the issue price of ₹191. Bigshare Services Pvt Ltd is the registrar. Gretex Corporate Services Ltd. and Sobhagya Capital Options Pvt. Ltd. are the book running lead managers.
The price band of Flywings Simulator Training Centre IPO is ₹181 to ₹191 per share.
The lot size of Flywings Simulator Training Centre IPO is 600 shares.
The minimum investment for Flywings Simulator Training Centre IPO is approximately ₹2,29,200 based on the upper price band.
The allotment date of Flywings Simulator Training Centre IPO is Dec 10, 2025.
You can check Flywings Simulator Training Centre IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Flywings Simulator Training Centre IPO allotment status on Rupix for quick and easy access.
₹181 to ₹191 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,14,600. After listing, SME shares also trade in lots rather than one share at a time.
₹1,14,600, for one lot of 600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 5 December 2025 and closed on 9 December 2025.
The basis of allotment was published on 10 December 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 12 December 2025 on NSE SME.
The issue size was ₹57.05 crore. The fresh issue was 25,12,800 shares (aggregating up to ₹47.99 crore). The offer for sale was 4,74,000 shares (aggregating up to ₹9.05 crore).