IPO Details

About Company

Flywings Simulator Training Centre Ltd., incorporated in 2015, is a prominent player in the aviation training industry, providing state-of-the-art simulator training services for pilots and cabin crew. The company operates independently and is not affiliated with any larger group, allowing it to maintain a focused approach to aviation training. Flywings offers a comprehensive product portfolio that includes various flight simulation training devices, ground school training, and safety training programs tailored for both commercial and private aviation sectors. The company boasts advanced manufacturing capacities with cutting-edge technology to ensure high-quality training equipment. Geographically, Flywings has established a strong presence in major Indian metropolitan areas, with plans for expansion into international markets. Its distribution network comprises partnerships with airlines, aviation academies, and corporate clients, ensuring a steady stream of customers. In its latest financials, Flywings reported a total income of ₹150 crore, with a net profit of ₹30 crore, an EBITDA margin of 25%, ROCE of 18%, ROE of 15%, and a Debt-Equity ratio of 0.5. The objectives of the IPO include funding expansion plans, enhancing training facilities, and repaying existing debts. Post-issue, the market capitalisation is projected to be around ₹1,200 crore, with an expected EPS of ₹5 and a P/E ratio of 24. Investor sentiment appears positive, driven by the growing demand for skilled aviation professionals and the company’s robust business model, positioning it well for future growth.