Western Overseas Study Abroad Ltd. is issuing a fixed price fresh issue of 17,98,000 equity shares aggregating to ₹10.07 crore at a fixed price of ₹56 per share. The IPO opens on Dec 4, 2025 and closes on Dec 8, 2025. Tentative allotment is on Dec 9, 2025, refunds & demat credit on Dec 10, 2025, and tentative listing on Dec 11, 2025 on BSE SME. Minimum retail application = 2 lots (4,000 shares) = ₹2,24,000.
Western Overseas Study Abroad Ltd. IPO
BSE SME — Fixed Price Fresh Issue (Education & Immigration Consultancy)
UPCOMINGWestern Overseas Study Abroad Ltd. is issuing a fixed price fresh issue of 17,98,000 equity shares aggregating to ₹10.07 crore at a fixed price of ₹56 per share. The IPO opens on Dec 4, 2025 and closes on Dec 8, 2025. Tentative allotment is on Dec 9, 2025, refunds & demat credit on Dec 10, 2025, and tentative listing on Dec 11, 2025 on BSE SME. Minimum retail application = 2 lots (4,000 shares) = ₹2,24,000.
| Face Value | ₹10 per share |
|---|---|
| Issue Price (Final) | ₹56 per share (Fixed Price) |
| Lot Size | 2,000 shares |
| Total Issue Size | 17,98,000 shares (aggregating up to ₹10.07 Cr) |
| Reserved for Market Maker | 90,000 shares (₹0.50 Cr) — Giriraj Stock Broking Pvt. Ltd. |
| Net Offered to Public | 17,08,000 shares (₹9.56 Cr) |
| Issue Type | Fixed Price IPO (Fresh) |
| Listing | BSE SME |
| Pre / Post Issue Shares | 42,14,000 / 60,12,000 |
| BRLM / Registrar | Sobhagya Capital Options Pvt. Ltd. / Skyline Financial Services Pvt. Ltd. |
| Investor Category | Allocation |
|---|---|
| Market Maker | 90,000 shares (5.01%) |
| NII (HNI) | 8,54,000 shares (47.50%) |
| Retail (RII) | 8,54,000 shares (47.50%) |
| IPO Open | Thu, Dec 4, 2025 |
|---|---|
| IPO Close | Mon, Dec 8, 2025 |
| Tentative Allotment | Tue, Dec 9, 2025 |
| Initiation of Refunds | Wed, Dec 10, 2025 |
| Credit to Demat | Wed, Dec 10, 2025 |
| Tentative Listing | Thu, Dec 11, 2025 |
| UPI Mandate Cut-off | 5 PM on Mon, Dec 8, 2025 |
| Application | Lots | Shares | Amount (₹ at ₹56) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,24,000 |
| Retail (Max) | 2 | 4,000 | ₹2,24,000 |
| HNI (Min) | 3 | 6,000 | ₹3,36,000 |
Fixed-price issue — amounts shown use the final price ₹56. Multiples permitted in 2,000-share lots.
Incorporated in 2013, Western Overseas Study Abroad Ltd. provides educational and immigration advisory services including visa assistance, language training (IELTS, TOEFL, PTE, Duolingo, etc.), foreign language courses, test bookings, and end-to-end immigration consultancy. The company operates 12 branches and one back-end office serving students primarily in Punjab, Chandigarh, Haryana, Delhi and Madhya Pradesh. Services include study visa guidance, scholarship assistance, loan facilitation, and career support.
Competitive strengths: experienced advisory team, integrated service offerings (training + visa consulting), technology integration, and regional branch network enabling personalised student support.
Selected financials (₹ Crore)
| Period Ended | Assets | Total Income | PAT | EBITDA | Net Worth | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Jun 2025 | 13.87 | 4.97 | 0.54 | 0.87 | 7.07 | 4.63 |
| 31 Mar 2025 | 12.69 | 22.96 | 2.21 | 3.70 | 6.53 | 4.09 |
| 31 Mar 2024 | 10.05 | 20.37 | 1.19 | 2.29 | 4.48 | 3.31 |
KPI (as of Mar 31, 2025): ROE 40.18% | ROCE 37.63% | Debt/Equity 0.63 | PAT Margin 9.73% | EBITDA Margin 16.27% | P/B 3.62 | Market Cap ~₹33.67 Cr.
| 1 | Advertisement & brand building expenses: ₹3.43 Cr |
|---|---|
| 2 | Acquisition & installation of software: ₹3.00 Cr |
| 3 | Prepayment/repayment of certain borrowings: ₹2.00 Cr |
| 4 | General corporate purposes: ₹0.74 Cr |
Western Overseas operates in the education & immigration consultancy space with a focus on test training and student visas. Financials show revenue growth and improved PAT; the issue size is small (SME) and liquidity on listing may be limited. Suitable for investors who understand SME risks and seek exposure to regional education services.
Company Contact
- Western Overseas Study Abroad Ltd., Ground Floor – First Floor, S.C.F No-27-28, Vikas Vihar, Ambala, Haryana, 134003
- Phone: +91 171-3500064 | Email: [email protected]
- Website: https://western-overseas.com/
Registrar
- Skyline Financial Services Pvt. Ltd. — Phone: 02228511022 | Email: [email protected] | Website: https://www.skylinerta.com/ipo.php
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