- Issue price
- ₹56per share
- Issue size
- ₹10.07 Cr17,98,000 shares
- Face value
- ₹10per equity share
- Lot size
- 2,000 sharesMin. ₹1.12 L at the upper price
- OpensThu, 2025
- ClosesMon, 2025
- AllotmentTue, 2025
- ListingThu, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Fixed price, fresh issue
- Fresh issue
- 17,98,000 shares (₹10.07 Cr)
- Offer for sale
- None
- Total issue
- 17,98,000 shares (₹10.07 Cr)
- Market maker portion
- 90,000 shares
- Face value
- ₹10
- Listing at
- BSE SME
- Promoter holding
- 100.00% → 70.10%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail47.5%
- NII47.5%
- Market maker5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 8,54,000 | 50.00% | 50% |
| Non-institutional investors (NII) | 8,54,000 | 50.00% | 50% |
| Market maker | 90,000 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹56 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 2 | 4,000 | ₹2.24 L |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹5.25
- P/E (FY 2024-25 at issue price)
- 10.67×
- RoNW
- 33.86%
- NAV per share (As on 31 March 2025)
- ₹15.49
- NAV per share (After the issue)
- ₹28.51
- EBITDA margin
- 16.27%
- PAT margin
- 9.73%
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 30 Jun 20253 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|
| Revenue from operations | 4.94 | 22.73 | 20.30 | 10.15 |
| Total income | 4.97 | 22.96 | 20.37 | 10.21 |
| EBITDA | 0.87 | 3.70 | 2.29 | 1.08 |
| Profit after tax | 0.54 | 2.21 | 1.19 | 0.45 |
| Net worth | 7.07 | 6.53 | 4.48 | 3.28 |
| Reserves and surplus | 2.86 | 2.32 | 4.47 | 3.27 |
| Total assets | 13.87 | 12.69 | 10.05 | 4.79 |
| Total borrowing | 4.63 | 4.09 | 3.31 | 0.47 |
FY 2024-25 vs FY 2023-24: revenue +11.9%, profit after tax +85.8%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: ProspectusUpdated
About the company
The company provides education and immigration advisory services, including visa guidance, language test coaching, and admission and application support for students and clients seeking to study or work abroad. It serves mainly clients from Punjab, Chandigarh, Haryana, Delhi and Madhya Pradesh through a network of branches and partner institutions in several countries.
- Incorporated
- 2013
- Industry
- Education and Immigration Services
- Sector
- Education and Training
- CIN
- U80903HR2013PLC050433
- Website
- western-overseas.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Mr. Pardeep Balyan | 60.00% | 42.06% |
| Mrs. Rekha Rani | 40.00% | 28.04% |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Advertisement expenses to build brand awareness and visibility | 3.43 |
| Acquisition and installation of software | 3.00 |
| Prepayment or repayment of certain outstanding borrowings | 2.00 |
| General corporate purposes | 0.74 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Western Overseas Study Abroad LimitedIssuer | ₹5.25 | 10.67× | 33.86% | ₹15.49 |
| Western Overseas Study Abroad LimitedIssuer | ₹1.29 | 43.41× | 7.67% | ₹16.78 |
| Winny Immigration & Education Services Limited | -₹22.97 | -3.09× | -78.48% | ₹27.2 |
| Landmark Global Learning Ltd | ₹6.37 | 8.24× | 15.63% | ₹40.75 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Offers a broad range of education and immigration services under one roof.
- Works with partner institutions across several countries, including the UK, Canada, Australia and Germany.
- Revenue and profit grew over FY 2022-23 to FY 2024-25.
- Promoters have long experience in the education and immigration consulting business.
- Operates multiple branches and a back-end office to serve clients.
Risks
- A large share of revenue comes from a small number of institutions, and losing them could hurt results.
- Revenue depends heavily on overseas institutions and on visa rules in countries such as Canada, Australia, UK and Germany.
- Operating cash flow was negative in several recent periods.
- Promoter group companies run similar businesses, which may create conflicts of interest.
- Pending litigation involving the company, promoters and key managerial personnel could have an adverse outcome.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹56) appear here after the shares list on BSE SME.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Western Overseas Study Abroad IPO open and close?
According to the Prospectus, the issue opens on Thursday, 4 December 2025 and closes on Monday, 8 December 2025.
What is the Western Overseas Study Abroad IPO price band?
The final issue price is ₹56 per share.
What is the lot size of the Western Overseas Study Abroad IPO?
One lot is 2,000 shares, which is ₹1.12 L at ₹56 per share.
Where will Western Overseas Study Abroad shares list?
On BSE SME. The tentative listing date is Thursday, 11 December 2025.
Who is the registrar of the issue?
Skyline Financial Services Private Limited (SEBI registration INR000003241). Allotment status is checked on the registrar's website.
How do I check the Western Overseas Study Abroad IPO allotment status?
The basis of allotment is expected to be finalised on Tuesday, 9 December 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (Skyline Financial Services Private Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹3.43 Cr for advertisement expenses to build brand awareness and visibility, ₹3 Cr for acquisition and installation of software, ₹2 Cr for prepayment or repayment of certain outstanding borrowings, ₹74.36 L for general corporate purposes.
Related IPOs
Also managed by Sobhagya Capital Options
- Accretion Nutraveda₹129Listed · 28 Jan – 30 Jan 2026
- Armour Security (India)₹57Listed · 14 Jan – 19 Jan 2026
Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.