ListedSMEEducational InstitutionsFWSTC

Flywings Simulator Training Centre IPO

Flywings Simulator Training Centre IPO is an SME IPO raising ₹57 Cr at ₹181 – ₹191 a share. It listed on 12 Dec 2025 at ₹195, +2.1% against its issue price of ₹191, and trades at ₹185 today (−3.1% since issue). It was subscribed 1.22× in total.

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₹191

Issue price

₹185

Price now

−3.1%

Since issue price

12 Dec 2025

Listed on

1.22×Subscribed (final) · all exchanges

Just covered — bids slightly exceed the shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹181 – ₹191

Cut-off price₹191

Issue size₹57 Cr

Shares per lot600

Minimum application₹1,14,600

Minimum quantity1200

Face value₹10

Listing exchangesNSE

ISININE0SQZ01015

Bidding hours10:00 – 17:00 IST

Bidding window5 Dec 2025 – 9 Dec 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.