Flywings Simulator Training Centre IPO

LISTED
SME

NSE • Lot Size: 600 • SME

Issue191
Listed195+2%
Now212+11.0%
11.0%

*Last updated on 11 Jan 2026

Price Band

₹181 - ₹191

Lot Size

600

Issue Size

₹57.05 Cr

GMP

N/A

Subscription

1.67x

Analyzing...

IPO Schedule

1

Open

5 Dec 2025

2

Close

9 Dec 2025

3

Allotment

-

4

Listing

12 Dec 2025

About Flywings Simulator Training Centre

Flywings Simulator Training Centre is an SME focused on providing simulator-based training for pilots and aviation professionals. They offer specialized courses designed to enhance skills and meet industry standards, contributing to improved flight safety and operational efficiency. The company operates in the aviation training sector, a niche market experiencing growth due to increasing air traffic and stringent regulatory requirements.

Key Strengths

  • High Return on Equity (ROE) of 34.75% indicates strong profitability and efficient use of shareholder equity.
  • Reasonable P/E ratio of 13.41 suggests the IPO is attractively priced compared to its earnings.
  • Niche market focus in aviation simulator training provides specialized expertise and potential for high barriers to entry.
  • Growing demand for pilot training driven by expanding aviation industry and regulatory mandates.
  • Established training infrastructure and experienced instructors contribute to quality training programs.

Risk Factors

  • Dependence on regulatory approvals and industry standards, which can change and impact operations.
  • Competition from larger and more established aviation training providers.
  • Economic downturns can affect the aviation industry and reduce demand for pilot training.

Valuation Analysis

Given the strong ROE and reasonable P/E ratio, the IPO appears to be fairly valued, potentially offering an opportunity for investors seeking exposure to the growing aviation training sector. However, investors should carefully consider the risks associated with the SME segment and the specific challenges faced by the company.

IPO Details

ExchangeNSE
SegmentSME
ISININE0SQZ01015
NSE SymbolFWSTC
Face Value10
Lot Size600
Issue Size₹57.05 Cr

Key Metrics

ROE34.75%
ROCE28.62%
P/E Ratio13.41
Industry P/E20
EPS14.24
PAT Margin54.02%
Debt/Equity0.37

Growth & Quality

ProfitableYes ✓

Subscription

Total0.29x
Imbalance Ratio16.2x

Documents

RHP not available

Key Dates

Open Date5 Dec 2025
Close Date9 Dec 2025
Listing12 Dec 2025