ALFA Finder
| Market Cap | ₹296.41 CrFWSTC size |
|---|---|
| PE TTM | 25.46Sector 35.32 |
| RSI | 64.78Neutral zone |
| Deal value | ₹43.92 Cr |
| Share of market cap | 14.8% |
| Share of annual revenue | 179.2% |
Key highlights
- Flywings agrees to purchase 72,00,000 equity shares of Shree OSFM E-Mobility at ₹61 per share
- The ₹43.92 Crore acquisition value represents approximately 179.2% of Flywings' annual revenue
- Mandatory Open Offer launched for an additional 26% stake at a price of ₹61 per share
- Total potential stake for Flywings could reach 72.74% assuming full acceptance of the offer
- The acquisition triggers a change in control under SEBI (SAST) Regulations
A ₹43.92 Crore Move For Controlling Interest
Flywings Simulator Training Centre Limited (FWSTC) has executed a Share Purchase Agreement (SPA) to acquire 72,00,000 equity shares of Shree OSFM E-Mobility Limited. This transaction represents 46.74% of the target's fully diluted paid-up equity share capital. The acquisition price of ₹61 per share amounts to a total consideration of ₹43.92 Crore, which will be paid entirely in cash.
This strategic move is significant for Flywings, as the deal value exceeds its annual operating revenue of ₹24.51 Crore by nearly 1.8 times, indicating a massive scale-up in its corporate footprint and assets under control.
Mandatory Open Offer Details And Pricing
- Open Offer price set at ₹61 per fully paid-up equity share of Shree OSFM
- Offer targets up to 40,04,884 shares representing 26% of expanded voting capital
- Maximum consideration for the open offer portion is estimated at ₹24.43 Crore
- Flywings will assume promoter status of the target company post-completion
- Public shareholding in the target must be maintained at a minimum of 25% under SCRR rules
- Credora Partners Private Limited is acting as the Manager to the Open Offer
Operational Milestones And Market Context
This acquisition comes at a time of aggressive expansion for Flywings. The company had previously guided for organic revenue growth between 20% and 30% for FY27. Beyond this acquisition, Flywings is nearing critical operational milestones, including the targeted DGCA Ready for Training certification for its Taloja facility simulators by December 31, 2026.
The Mumbai (Taloja) simulator training facility is scheduled for commercial launch on January 1, 2027. Despite the capital-intensive nature of this acquisition, Flywings maintains an annual net profit of ₹11.64 Crore as of its last full financial year ended March 2026.
What to watch next
- Targeted DGCA Ready for Training (RFT) certification for Taloja facility by 31 Dec 2026
- Scheduled commercial operations launch of Mumbai (Taloja) simulator facility on 01 Jan 2027
- Latest financial result announcement scheduled for 14 Nov 2026
- Completion of the Open Offer tendering period for Shree OSFM E-Mobility shareholders
| Share price | ₹291.25 |
|---|---|
| Market capitalisation | ₹296.41 Cr |
| Revenue (annual) | ₹24.51 Cr |
| Net profit (annual) | ₹11.64 Cr |
| P/E (TTM) | 25.46×Sector 35.32× |
| Promoter holding | 59.87% |
| FII holding | 1.34%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Flywings Simulator Training Centre Limited announcing the public announcement for the open offer of Shree OSFM E-Mobility Limited. Market figures from a third-party data provider.
