Flywings Simulator Training Centre IPO

About Flywings Simulator Training Centre IPO

The IPO of Flywings Simulator Training Centre comprises a fresh issue and an offer for sale. The fresh issue aggregates up to 25,12,800 equity shares and the offer for sale aggregates up to 4,74,000 equity shares, respectively. It’s a 100% book-built issue. The price band is ₹181 to ₹191 per share.

Flywings Simulator Training Centre IPO opens on December 5, 2025 and closes on December 9, 2025. The allotment of shares will take place on December 10, 2025. The credit of shares to the Demat account will take place on December 11, 2025. The initiation of refunds will take place on December 11, 2025. The listing of shares will take place on December 12, 2025. The lot size of shares in the IPO is 600. The minimum investment amount required by a retail investor is ₹2,29,200 based on the upper price.

Flywings Simulator Training Centre is engaged in providing Safety and Emergency Procedures (SEP) infrastructure facilities for aviation training, with a core focus on safety and emergency procedure (SEP) training for cabin and cockpit crew. Headquartered in Gurgaon, the company offers a comprehensive portfolio of training modules designed to align with industry standards and regulatory expectations for airline personnel.

Objectives of Flywings Simulator Training Centre IPO

The company proposes to utilise the proceeds for:

• Capital expenditure towards pilot training equipment
• General corporate purposes

Industry Outlook

The Indian aviation sector has been experiencing great growth over the past decade, shifting from a privilege for the elite in the early 2000s to what is now known as the world’s third-largest domestic aviation market.

Domestic air traffic reached nearly 97% of pre-COVID levels during the fiscal year 2022-23, with South Asia accounting nearly 69% of total airline traffic through domestic flights. With India’s population nearing 1.4 billion, it is home to the fastest-growing air passenger market worldwide, driven by infrastructure developments and expected passenger numbers rising annually from 158 million in 2017 to an estimated 572 million by 2037, largely due to the expanding middle-class demographic.

The government's commitment to promoting aviation growth has been essential in driving this story of success. A set of well-planned strategic initiatives has been launched to strengthen the industry and realise its full potential.

Flywings Simulator Training Centre Company Information

Flywings Simulator Training Centre is engaged in aviation training located in Gurgaon. The company specialises in providing comprehensive training services tailored for commercial aircraft operations.

These services encompass a wide range of critical areas including Generic Aviation, In-flight Services, Basic First Aid, Inter-Department Coordination, Voice & Accent Training, In-flight Procedures, Personality Development, Passenger Handling, Grooming Standards, Safety Emergency Procedures, Door Operations, Emergency Evacuation, In-flight Fire Fighting, and Ditching Drills.

Strengths of Flywings Simulator Training Centre

• Simulator infrastructure aligned with majority of Indian fleet types
• Recurring revenue streams supported by high switching costs
• Regulatory compliance model that enables operational flexibility
• Strategic location with significant entry barrier advantages

Risks of Flywings Simulator Training Centre

Any malfunction or breakdown of such equipment may materially affect operations

• Many of the company’s client agreements may be terminated with or without cause
• Sustained negative cash flow could impact growth and business
• Business operations are geographically concentrated in Gurgaon and Dwarka
• Loss of one or more of these customers or a reduction in the amount of business it obtains from them could have an adverse effect on business

Peer Comparison

Considering the nature and size of business of the company, it does not have any listed peers.

Anchor Investor Bidding Date

Anchor portion of the IPO opens for bidding on December 4, 2025.

IPO Registrar and Book Running Lead Managers

• IPO Registrar: Bigshare Services
• Book Running Lead Managers: Gretex Corporate Services and Sobhagya Capital Options

Flywings Simulator Training Centre Business Model

Flywings Simulator Training Centre is a "One Stop Shop" for all Safety Emergency Procedure (SEP) drills, offering unparalleled access to the latest "State of the Art" training devices. This enables it to deliver cutting-edge, comprehensive training programs that meet the highest industry standards, ensuring that aviation professionals are exceptionally well-prepared for any emergency situation.

It’s committed to providing comprehensive aviation safety-centric courses designed to enhance the preparedness and response capabilities of aviation professionals. Its curriculum includes Safety Emergency Procedures Drill focused on Emergency Evacuation (Land), equipping participants with the skills to efficiently evacuate passengers, including those with disabilities.

Flywings Simulator Training Centre Growth Trajectory

Over the past three financial years, the company has delivered more than 20,000 individual training modules for aviation professionals through its specialised training infrastructure. The company has methodically expanded its presence across multiple segments of the aviation training ecosystem, with the objective of offering a broader suite of services aligned to the sector’s evolving skill requirements.

Flywings Simulator Training Centre Market Position

Established 9 years ago, the company’s specialised training arm has rapidly become a premier provider of both regulatory-approved and generic aviation safety training. Its facility has successfully trained over 20,000+ cabin crew members from leading airlines such as IndiGo, Spice Jet, Vistara, Air Asia, GoAir, Himalaya Airlines, Nepal Airline Corporation, Ariana Afghan, WOW Air, and various non-scheduled Operators. The company extends its services across India, ensuring a Pan-India presence.

How to Apply for Flywings Simulator Training Centre IPO?

To apply for this IPO:

• Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.