Mumbai (Maharashtra) [India], December 4: FlywingsSimulator Training Centre Limited (The Company,Flywings) provides simulation-basedaviation training with a focus on Safety and Emergency Procedures (SEP) for cabin and cockpit crew,proposesto open its Initial Public OfferingonFriday,December05, 2025aiming to raise₹57.05Crore (At Upper Price Band),with sharesto be listed on the NSE Emerge platform.
The issue size is29,86,800equity shares at a face value of₹10 eachwith a price band of₹181–₹191Per Share.
Equity Share Allocation
•Anchor Portion–8,50,200Equity Shares
•Qualified Institutional Buyer–5,67,000Equity Shares
•Non-Institutional Investors–Not less than4,26,600Equity Shares
•Retail Individual Investors–Not less than9,93,600Equity Shares
•Market Maker–Up To 1,49,400Equity Shares
The net proceeds from the IPO will be utilized for capital expenditure towards pilot training equipment and for general corporate purposes.The anchor portion will open onDecember04, 2025 and issue will close onDecember09, 2025.
The Book Running Lead Manager to the Issue isSobhagyaCapital Options Private Limited&GretexCorporate Services Limited, The Registrar to the Issue isBigshareServices Private Limited
Mr.Rupal Sanjay Mandavia,Managing Director& CFOofFlywingsSimulator Training Centre Limitedexpressed,“The IPO marks a significant milestone in the growth journey ofFlywingsSimulator Training Centre Limited. With a strong foundation in simulation-based aviation training and a dedicated focus on Safety and Emergency Procedures, the Company has established a credible and growing presence in the industry. Its DGCArecognised centres, supported by an advanced simulator ecosystem, positionsFlywingsto effectively cater to the increasing training demands of the aviation sector.
The IPO proceeds will be used for capital expenditure toward new simulators, training equipment, and infrastructure enhancement. This investment will increase training capacity, support service diversification, and expand the Company’s reach to more airline partners and trainees. The offering will enableFlywingsto accelerate its growth plans, strengthen market presence, and capitalize on rising demand in the aviation training space.”
Mr.Alok Harlalka,Managing Director& CFOofGretexCorporate Services Limitedsaid,“We are pleased to supportFlywingsSimulator Training Centre Limited as it advances to its next phase of growth. The Company has built a strong position in aviation training withits simulation-based learning model and focus on Safety and Emergency Procedures (SEP). It currently operates four aircraft training facilities equipped with seven full-scale simulators, maintains six active airline contracts, and serves more than ten airline clients. With over 20,000 training programs delivered under structured Training Service Agreements,Flywingscontinues to demonstrate predictable and recurring revenue, backed by a robust operational framework and industry-aligned modules.”
The funds raised through this IPO will enable the Company to invest in new simulators, upgrade training equipment, and expand its training infrastructure. This capital utilization will support higher capacity, broaden service offerings, and strengthen Flywings’ reach across domestic and international aviation markets. We believe this IPO will accelerate the Company’s growth path and contribute to the development of a stronger aviation training ecosystem in India.”
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