Flywings Simulator Training Centre IPO
UpcomingAlready have an account? Apply now
Flywings Simulator Training Centre IPO details
Schedule of Flywings Simulator Training Centre
| Issue open date | 05 Dec 2025 |
| Issue close date | 09 Dec 2025 |
| UPI mandate deadline | 09 Dec 2025 (5 PM) |
| Allotment finalization | 10 Dec 2025 |
| Refund initiation | 11 Dec 2025 |
| Share credit | 11 Dec 2025 |
| Listing date | 12 Dec 2025 |
| Mandate end date | 24 Dec 2025 |
| Lock-in end date for anchor investors (50%) | 09 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 10 Mar 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Flywings Simulator Training Centre
Flywings Simulator Training Centre Limited, founded in 2011, is a Gurugram-based aviation training provider specialising in Safety and Emergency Procedures (SEP) infrastructure and training for cabin and cockpit crew. Promoted by Ms Rupal Sanjay Mandavia and Mr Mitul Natvarlal Mandavia, the company operates advanced aircraft-specific simulators and DGCA-approved classrooms to support airline-operated training programs. Its B2B segment provides simulator-based SEP training infrastructure to leading airlines, while its B2C vertical offers vocational training for individuals aspiring to aviation and hospitality roles. The company has expanded into drone training and holds a stake in a DGCA-approved flying training organisation, creating an integrated aviation training ecosystem. With high-fidelity simulators, long-term airline contracts, and a strategically located facility, Flywings benefits from a niche position in India’s aviation training landscape and plays a key role in addressing industry-wide skill and safety training requirements.
Financials of Flywings Simulator Training Centre
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 57.05 |
| Fresh Issue – Proceeds go to the company | 48 |
| Offer for sale – Proceeds go to the existing investors | 9.05 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure towards Pilot Training Equipment | 35.34 (73.63%) |
| General corporate purposes | 12.66 (26.37%) |
Strengths
- Strong presence in specialised aviation SEP training with advanced simulators.
- Long-term B2B relationships with leading domestic and regional airlines.
- Asset-heavy infrastructure that creates high entry barriers for competitors.
- Strategic Gurugram location close to major airline hubs.
- Diversified aviation ecosystem with cabin crew, pilot, and drone training capabilities.
Risks
- Heavy dependence on airlines for recurring training infrastructure revenue.
- High capital expenditure requirements for simulator procurement and maintenance.
- Business is sensitive to fluctuations in the aviation industry.
- Regulatory changes by DGCA may impact operations or equipment standards.
- A limited number of airline customers increases concentration risk.
Allotment Status for Flywings Simulator Training Centre
To check your IPO allotment status:
- Visit the Bigshare Services IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.