New Delhi, Dec. 12 -- Flywings Simulator Training Centre shares opened with a modest premium on the NSE SME on Friday, December 12, amid positive market sentiment. Flywings Simulator's share price opened at Rs.195, a premium of 2% over its issue price of Rs.191. The SME stock extended gains to hit its 5% upper circuit of Rs.204.75. Around 11:20 am, it was at Rs.198, up 3.66% with respect to the issue price.

The debut of Flywings Simulator shares was largely in line with the grey market expectations, as the grey market premium (GMP) of the stock on Friday morning was nil, indicating the stock could list at par with the issue price.

The SME IPO opened for subscription on Friday, December 5, and concluded on Tuesday, December 9. Share allo...