About
Western Overseas Study Abroad IPO is a fixed price issue of ₹10.07 crores. The issue is entirely a fresh issue of 0.18 crore shares of ₹10.07 crore.
Western Overseas Study Abroad IPO bidding started from Dec 4, 2025 and ended on Dec 8, 2025. The allotment for Western Overseas Study Abroad IPO was finalized on Dec 9, 2025. The shares got listed on BSE SME on Dec 11, 2025.
Western Overseas Study Abroad IPO price is ₹56 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,24,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,36,000.
Sobhagya Capital Options Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Western Overseas Study Abroad IPO DRHP for detailed Information.
IPO Stock Quote & Charts
IPO Open
Thu, Dec 4, 2025
IPO Close
Mon, Dec 8, 2025
Issue Price
₹56 per share
Market Cap (Pre-IPO)
₹33.67 Cr
IPO Details
| IPO Date | 4 to 8 Dec, 2025 |
| Listed on | Thu, Dec 11, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹56 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 17,98,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 90,000 shares (agg. up to ₹0.5040 Cr) Giriraj Stock Broking Pvt.Ltd. |
| Net Offered to Public | 17,08,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 42,14,000 shares |
| Share Holding Post Issue | 60,12,000 shares |
| BSE Script Code | 544636 |
| ISIN | INE1MF401019 |
IPO Timetable (Tentative)
- IPO OpenThu, Dec 4, 2025
- IPO CloseMon, Dec 8, 2025
- AllotmentTue, Dec 9, 2025
- RefundWed, Dec 10, 2025
- Credit of SharesWed, Dec 10, 2025
- ListingThu, Dec 11, 2025
IPO Reservation
Western Overseas Study Abroad IPO offers total 17,98,000 shares. Out of which 8,54,000 (47.50%) allocated to
NII
8,54,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 90,000 (5.01%) |
| NII (HNI) Shares Offered | 8,54,000 (47.50%) |
| Retail Shares Offered | 8,54,000 (47.50%) |
| Total Shares Offered | 17,98,000 (100.00%) |
IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,24,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,24,000 |
| HNI (Min) | 3 | 6,000 | ₹3,36,000 |
About Western Overseas Study Abroad Ltd.
Incorporated in 2013, Western Overseas Study Abroad Limited is engaged in providing educational and immigration advisory services, and offering visa advice.
The company also offers language training (IELTS, TOEFL, PTE, CELPIP, Duolingo, LanguageCert), foreign language courses (French, German, Spanish), consulting services, and workshops for individuals pursuing education or career opportunities abroad.
The company offers a one-stop solution to students from Punjab, Chandigarh, Haryana, Delhi, and Madhya Pradesh, aiming to empower them and help them succeed globally in their educational and career pursuits.
The company offers education consultancy, loan guidance, scholarship assistance, language training, visa services, and career support, helping students develop skills, create opportunities, and build professional success from enrollment onward.
The company provides educational services, including coaching for English proficiency and foreign languages, test bookings, and immigration consultancy for study, tourist, work, business visas, and permanent residency.
The company has 12 branches and 1 back-end office, offering dedicated training classrooms and individual consultant desks, providing personalized global education and immigration consultancy services to each client.
Services:
- Training for Language Proficiency Tests (IELTS / CELPIP / PTE / TOEFL & more) and Exams:The company helps clients meet eligibility criteria by preparing them for English proficiency tests like IELTS, PTE, DUOLINGO, and TOEFL, offering exam strategies, practice tests, and skill enhancement across all sections.
- Immigration consultancy service including Study Visa/tourist Visa/Business Visa and Permanent Visa. Study/Schooling Visa: The company assists students with student visa applications, interview preparation, and document submission, as well as providing guidance for Temporary Residence Visas (TRV) and Permanent Residence Visas (PRV) for successful applications.
Competitive Strengths:
- Experienced and Knowledgeable team.
- Customization Expertise.
- Technology Integration.
- Range of services under one Roof.
- Clear and Transparent Terms.
Company Financials (Restated)
Western Overseas Study Abroad Ltd.’s revenue increased by 13% and profit after tax (PAT) rose by 86% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 13.87 | 12.69 | 10.05 | 4.79 |
| Total Income | 4.97 | 22.96 | 20.37 | 10.21 |
| Profit After Tax | 0.54 | 2.21 | 1.19 | 0.45 |
| EBITDA | 0.87 | 3.70 | 2.29 | 1.08 |
| NET Worth | 7.07 | 6.53 | 4.48 | 3.28 |
| Reserves and Surplus | 2.86 | 2.32 | 4.47 | 3.27 |
| Total Borrowing | 4.63 | 4.09 | 3.31 | 0.47 |
| Amount in ₹ Crore | ||||
IPO Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance Advertisement expenses towards enhancing the awareness and visibility of our brand | 3.43 |
| 2 | To finance acquisition and installation of Software | 3.00 |
| 3 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company | 2.00 |
| 4 | To meet General corporate purposes | 0.74 |
Key Performance Indicator (KPI)
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 40.18% |
| ROCE | 37.63% |
| Debt/Equity | 0.63 |
| RoNW | 33.86% |
| PAT Margin | 9.73% |
| EBITDA Margin | 16.27% |
| Price to Book Value | 3.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.25 | 3.61 |
| P/E (x) | 10.67 | 15.51 |
| Promoter Holding | 100.00% | 70.09% |
| Market Cap | ₹33.67 Cr. |
- The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2025 available in RHP.
IPO Review
Western Overseas Study Abroad IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 1 |
Western Overseas Study Abroad IPO Subscription Status (Bidding Detail)
The Western Overseas Study Abroad IPO is subscribed 1.41 times on December 8, 2025 6:19:35 PM (Day 3). The public issue subscribed 2.43 times in the individual investors category, [.] times in the QIB category, and 0.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category |
Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.39 | 8,54,000 | 3,30,000 | 0 |
| Individual Investor | 2.43 | 8,54,000 | 20,72,000 | 0 |
| Total | 1.41 | 17,08,000 | 24,02,000 | 551 |
Total Application : 551
*Market Maker portion is not included to NII/HNI.
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.23 |
| 2 | Selling and Distribution Fees | |
| 3 | Underwriting Commission | 0.50 |
| 4 | Advertising and marketing expenses | 0.05 |
| 5 | Fees Payable to Registrar to the Issue | 0.01 |
| 6 | Fees Payable to Legal Advisors | 0.02 |
| 7 | Brokerage and selling commission payable to SCSBs as applicable | 0.01 |
| 8 | Processing fees to the SCSBs for ASBA Forms procured by Registered Brokers, RTAs or CDPs | 0.01 |
| 9 | Printing and distribution of issue stationery | 0.01 |
| 10 | Listing Fees | 0.00 |
| 11 | BSE Processing Fee | 0.03 |
| 12 | BSE software Fee | 0.02 |
| 13 | Depository Fee | 0.02 |
Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹56.00 |
| Open | ₹54.90 |
| Low | ₹52.16 |
| High | ₹54.90 |
| Last Trade | ₹52.16 |
Check IPO Performance…
IPO Registrar
Skyline Financial Services Pvt.Ltd.
- 02228511022
- ipo@skylinerta.com
- Visit Website
IPO Lead Manager(s)
- Sobhagya Capital Options Pvt.Ltd. (Past IPO Performance)
Lead Manager Reports
- Lead Manager Performance Summary
- Lead Manager Performance Tracker
Contact Details
- + 91-171-3500064
- info@western-overseas.com
- Visit Website
IPO FAQs
What is the Western Overseas Study Abroad IPO?
Western Overseas Study Abroad IPO is a SME IPO of 17,98,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹56 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Dec 4, 2025, and closes on Mon, Dec 8, 2025.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
How to apply in Western Overseas Study Abroad IPO through Zerodha?
Zerodha customers can apply online in Western Overseas Study Abroad IPO using UPI as a payment gateway. Zerodha customers can apply in Western Overseas Study Abroad IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Western Overseas Study Abroad IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Western Overseas Study Abroad IPO‘ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
When Western Overseas Study Abroad IPO will open?
The Western Overseas Study Abroad IPO opens on Thu, Dec 4, 2025 and closes on Mon, Dec 8, 2025.
What is the lot size of Western Overseas Study Abroad IPO?
Western Overseas Study Abroad IPO lot size is 2000, and the minimum amount required for application is ₹2,24,000, with 2 lots being the minimum application size.
How to apply for Western Overseas Study Abroad IPO?
You can apply in Western Overseas Study Abroad IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
When is Western Overseas Study Abroad IPO allotment?
The finalization of Basis of Allotment for Western Overseas Study Abroad IPO will be done on Tuesday, December 9, 2025, and the allotted shares will be credited to your demat account by Wed, Dec 10, 2025. Check the Western Overseas Study Abroad IPO allotment status.
When is Western Overseas Study Abroad IPO listing date ?
The Western Overseas Study Abroad IPO listing date is on Thu, Dec 11, 2025.
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