Flywings Simulator Training Centre Limited IPO Opens on December 05, 2025

• Anchor Portion – 8,50,200 Equity Shares

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• Qualified Institutional Buyer – 5,67,000 Equity Shares

• Non-Institutional Investors – Not less than 4,26,600Equity Shares

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• Retail Individual Investors – Not less than 9,93,600Equity Shares

• Market Maker – Up To 1,49,400 Equity 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 onDecember 04, 2025 and issue will close on December 09, 2025.

The Book Running Lead Manager to the Issue is SobhagyaCapital Options Private Limited & Gretex Corporate Services Limited, The Registrar to the Issue is Bigshare Services Private Limited

Mr. Rupal Sanjay Mandavia, Managing Director & CFOof Flywings Simulator Training Centre Limited expressed,“The IPO marks a significant milestone in the growth journey of Flywings Simulator 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 DGCA recognised centres, supported by an advanced simulator ecosystem, positions Flywings to 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 enable Flywings to accelerate its growth plans, strengthen market presence, and capitalize on rising demand in the aviation training space.”

Mr. Alok Harlalka, Managing Director & CFO of GretexCorporate Services Limited said, “We are pleased to support Flywings Simulator Training Centre Limited as it advances to its next phase of growth. The Company has built a strong position in aviation training with its 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, Flywings continues 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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