Western Overseas Study Abroad IPO
Western Overseas Study Abroad Ltd. is launching a fixed-price SME IPO of Rs. 10.07 crore, comprising an entirely fresh issue of 17,98,000 equity shares.
The IPO opens on December 4, 2025, and closes on December 8, 2025. The allotment is expected on December 9, 2025, and the listing is tentatively scheduled for December 11, 2025 on BSE SME.
The issue price is Rs. 56 per share, and the lot size is 2,000 shares.
The minimum investment for retail investors is Rs. 2,24,000 (4,000 shares), and for HNI investors, Rs. 3,36,000 (6,000 shares).
Lead Manager: Sobhagya Capital Options Pvt. Ltd.
Registrar: Skyline Financial Services Pvt. Ltd.
Market Maker: Giriraj Stock Broking Pvt. Ltd.
🕗 Last Update: 30 November 2025, 8.00 AM
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IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | December 4, 2025 |
| IPO Close Date | December 8, 2025 |
| Allotment Date | December 9, 2025 |
| Refunds Initiation | December 10, 2025 |
| Credit to Demat | December 10, 2025 |
| Listing Date | December 11, 2025 |
Final Subscription Status
Size Rs. 10.07 Crore (Closes 8 December 2025)
| QIB | NII x | RII x | Total x | Applications |
|---|---|---|---|---|
| – | – | – | – | – |
Subscription Review:
(Not yet opened)
IPO Details
| Particulars | Details |
|---|---|
| Face Value | Rs. 10 per share |
| Issue Price | Rs. 56 per share |
| Lot Size | 2,000 shares |
| Sale Type | Fresh Issue |
| Total Issue Size | 17,98,000 shares (Rs. 10.07 Cr) |
| Market Maker Portion | 90,000 shares (Rs. 0.5040 Cr) – Giriraj Stock Broking Pvt. Ltd. |
| Net Offer to Public | 17,08,000 shares (Rs. 9.56 Cr) |
| Issue Type | Fixed Price Issue |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 42,14,000 shares |
| Shareholding Post-Issue | 60,12,000 shares |
Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 90,000 | 5.01% |
| NII (HNI) | 8,54,000 | 47.50% |
| Retail Individual Investors | 8,54,000 | 47.50% |
| Total | 17,98,000 | 100.00% |
Application Details
| Application | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min / Max) | 2 | 4,000 | 2,24,000 |
| HNI (Min) | 3 | 6,000 | 3,36,000 |
Promoter Holding
| Particulars | Percentage |
|---|---|
| Promoter Holding Pre-Issue | 100.00% |
| Promoter Holding Post-Issue | 70.09% |
Promoters: Mr. Pardeep Balyan and Ms. Rekha Rani.
About Western Overseas Study Abroad Ltd.
Incorporated in 2013, Western Overseas Study Abroad Ltd. provides educational and immigration advisory services, including visa consulting, language training (IELTS, TOEFL, PTE, CELPIP, Duolingo, LanguageCert), foreign language coaching (French, German, Spanish), overseas education guidance, scholarships, and career support.
The company operates across Punjab, Haryana, Chandigarh, Delhi, and Madhya Pradesh, offering a comprehensive one-stop solution for students aspiring to study abroad.
It provides consultancy for study visas, tourist visas, work visas, business visas, and permanent residency.
The company has 12 branches + 1 backend office, equipped with dedicated classrooms and consulting desks.
Competitive Strengths
-
Experienced and knowledgeable team
-
Expertise in customized advisory
-
Integration of technology into services
-
Full range of services under one roof
-
Clear and transparent processing system
Financial Snapshot (Rs. crore)
| 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 |
| Total Borrowing | 4.63 | 4.09 | 3.31 | 0.47 |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 40.18% |
| ROCE | 37.63% |
| RoNW | 33.86% |
| PAT Margin | 9.73% |
| EBITDA Margin | 16.27% |
| Debt/Equity | 0.63 |
| Price to Book Value | 3.62 |
| Market Cap | Rs. 33.67 Cr |
| EPS (Pre/Post) | 5.25 / 3.61 |
| P/E (Pre/Post) | 10.67x / 15.51x |
Objects of the Issue (Rs. in crores)
| S.No. | Objects of the Issue | Amount (Rs. Cr) |
|---|---|---|
| 1 | Advertisement expenses to enhance brand visibility | 3.43 |
| 2 | Acquisition & installation of software | 3.00 |
| 3 | Repayment/prepayment of borrowings | 2.00 |
| 4 | General corporate purposes | 0.74 |
Company Contact
Western Overseas Study Abroad Ltd.
Ground Floor–First Floor,
S.C.F No. 27-28, Vikas Vihar,
Ambala, Haryana – 134003
📞 +91-171-3500064
✉ info@western-overseas.com
🌐 https://western-overseas.com/
Lead Manager
Sobhagya Capital Options Pvt. Ltd.
Registrar
Skyline Financial Services Pvt. Ltd.
📞 02228511022
✉ ipo@skylinerta.com
🌐 https://www.skylinerta.com/ipo.php
Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst
Western Overseas Study Abroad Ltd. operates in the fast-expanding overseas education and immigration consulting space. The company has reported 13% revenue growth and 86% PAT growth in FY25, backed by increasing demand for global education and language proficiency training.
Return ratios are strong (ROE 40%, ROCE 37%), borrowings are reasonable, and branch expansion continues. However, valuations based on post-issue earnings appear moderate.
Chanakya View: Reasonable fundamentals, strong profitability, and growing demand make this IPO suitable for medium-term investors.
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
