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Flywings Simulator Training Centre Ltd
MiscellaneousIPOSME
₹191 - 191
We are engaged in providing infrastructure facilities for aviation training, with a core focus on safety and emergency procedure (SEP) training for cabin and cockpit crew. Headquartered in Gurgaon, we offer a comprehensive portfolio of training modules designed to align with industry standards and regulatory expectations for airline personnel.
Lot600Min Invest₹2,29,200Face Value₹10Issue Size₹57 CrFresh Issue₹48 CrOffer for Sale₹9 CrListing Price₹195CMP₹175
Timeline
5 Dec
Bidding opens
9 Dec
Bidding closes
10 Dec
Allotment
11 Dec
Refund & demat credit
12 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹57 Cr0.30 Cr shares
Fresh Issue₹48 Cr
Offer for Sale₹9 Cr
Face Value₹10
Lot Size600 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹2,29,2001-1 lots
sNII₹2,29,200from 2 lots
bNII₹10,31,400from 9 lots
Managers & Registrar
Lead ManagerGretex Corporate Services Ltd
Co-ManagerSobhagya Capital Options Private Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrRupal Sanjay MandaviaOTH4,74,0009.05Total4,74,0009.05
Shareholding
CategoryPre IPOPost IPOPromoter Group85.69%59.87%Public14.31%40.13%
Objects of the Issue
- Investment in Foreign Entity to make 100% foreign subsidiary company
- Capital Expenditure towards Pilot Training Equipment's
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY25 | FY26 |
|---|---|---|
| RevenueCr | 20 | 25 |
| Operating ProfitCr | 14 | 16 |
| OPM% | 66.8 | 64.2 |
| PBTCr | 15 | 15 |
| PATCr | 11 | 11 |
| EPS | 14 | 1 |
Balance Sheet
| Financial Year | FY25 | FY26 |
|---|---|---|
| Equity CapitalCr | 8 | - |
| ReservesCr | 31 | - |
| BorrowingsCr | 18 | - |
| Total AssetsCr | 65 | - |
Cash Flow
| Financial Year | FY25 | FY26 |
|---|---|---|
| Operating Cash FlowCr | 9 | 0 |
| Investing Cash FlowCr | -21 | -20 |
| Financing Cash FlowCr | 6 | 37 |
| Net Cash FlowCr | -6 | 18 |
Strengths & Risks
Strengths · as stated in the DRHP
- 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.
Strategies · as stated in the DRHP
- Aircraft Maintenance and Repair Services.
- Acquisition of an Pilot Training School in South Africa.
- Investment in Advanced Airplane Simulators.
- International SEP Training Collaborations.
- Development of an Integrated Aviation Training Ecosystem.
- Investment in Advanced Training Equipment.
Risks · as stated in the DRHP
- A criminal proceeding has been initiated against its Group Company in which one of the company Promoters is a former direct; any adverse outcome may impact the Company's reputation and operations.
- There are outstanding legal proceedings involving our Company, Promoter, Directors. Any adverse decision in such proceeding may have a material adverse effect on our business, results of operations and financial condition.
- There is a criminal litigation against our Group company Big Charter Private Limited (BCPL) in which our company's promoter and managing director Ms. Rupal Sanjay Mandavia was a director. If this case is decided against our group company, it will cause loss of reputation of the Company and that may affect our business, operations and financial conditions.
- We are heavily dependent on our equipment's for our operations. Any break-down of our equipment will have a significant impact on our business, financial results and growth prospects.
- Our business is geographically located in one area, Gurgaon. Any loss or shutdown of operations at any of our facilities may have an adverse effect on our business and results of operations.
- The foundation of our business lies in the contractual agreements we establish. Many of our client contracts can be terminated with or without cause by providing notice and without termination-related penalties.