Flywings Simulator IPO Opens on December 5, 2025

Mumbai (Maharashtra) [India], December 4: Flywings Simulator Training Centre Limited (“Flywings” or “The Company”), a leading provider of simulation-based aviation training with a strong focus on Safety and Emergency Procedures (SEP) for cockpit and cabin crew, is set to open its Initial Public Offering (IPO) on Friday, December 5, 2025. The Company aims to raise ₹57.05 crore at the upper price band, with its equity shares proposed to be listed on the NSE Emerge platform.

The public issue comprises 29,86,800 equity shares of face value ₹10 each, offered at a price band of ₹181–₹191 per share.

Equity Share Allocation Structure

• Anchor Investors: 8,50,200 equity shares

• Qualified Institutional Buyers (QIB): 5,67,000 equity shares

• Non-Institutional Investors (NII): Not less than 4,26,600 equity shares

• Retail Individual Investors (RII): Not less than 9,93,600 equity shares

• Market Maker: Up to 1,49,400 equity shares

The net proceeds from the IPO will be utilised to fund capital expenditure for advanced pilot training equipment and for general corporate purposes. The anchor book will open on December 4, 2025, and the issue will close on December 9, 2025.

The IPO is managed by Sobhagya Capital Options Private Limited and Gretex Corporate Services Limited, with Bigshare Services Private Limited acting as the Registrar to the Issue.

Management Commentary

Mr. Rupal Sanjay Mandavia, Managing Director & CFO, Flywings Simulator Training Centre Limited, stated:

“This IPO marks a significant milestone in the Company’s growth trajectory. Flywings has built a strong foundation in simulation-based aviation training with a specialised focus on Safety and Emergency Procedures (SEP). With DGCA-recognised centres and an expanding ecosystem of advanced simulators, the Company is well positioned to meet the rising training requirements of the aviation sector.

The capital raised will be deployed towards new simulators, infrastructure enhancement and training equipment. This investment will expand training capacity, diversify our service offerings and strengthen our reach across airline partners and trainees nationwide. The IPO will support our long-term vision of scaling operations and addressing the increasing demand for high-quality aviation training.”

Mr. Alok Harlalka, Managing Director & CFO, Gretex Corporate Services Limited, added:

“Flywings has established a strong presence in aviation training through its simulation-led learning model. The Company currently operates four aircraft training facilities equipped with seven full-scale simulators, maintains six active airline contracts, and serves more than ten airline clients. Having delivered over 20,000 structured training programs, Flywings continues to demonstrate stable and recurring revenue supported by an efficient operational framework.

The funds raised will aid the expansion of simulators, upgrade training equipment and boost infrastructure capacity. This IPO will accelerate Flywings’ growth and contribute significantly to strengthening India’s aviation training ecosystem.”

The offering is poised to help Flywings widen its domestic footprint and expand into international aviation training markets. As the demand for skilled aviation professionals grows, the Company aims to leverage its simulator-driven training model to scale both operational efficiency and service delivery.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com for resolution within 24 hours.