Comparison between Turtle Infratrade IPO and Western Overseas Study Abroad IPO.
Turtle Infratrade IPO is a SME Fixed Price IPO proposed to list at BSE SME while Western Overseas Study Abroad IPO is a SME Fixed Price proposed to list at BSE SME.
| Turtle Infratrade IPO | Western Overseas Study Abroad IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Inventure Merchant Banker Services Pvt.Ltd. | Sobhagya Capital Options Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Turtle Infratrade IPO is up to ₹10.80 Cr whereas the issue size of the Western Overseas Study Abroad IPO is up to ₹9.56 Cr. The final issue price of Turtle Infratrade IPO is ₹40.00 per share and of Western Overseas Study Abroad IPO is ₹56.00 per share.
| Turtle Infratrade IPO | Western Overseas Study Abroad IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹40.00 per share | ₹56.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | 2000 shares |
| Fresh Issue Size | 27,00,000 shares | 17,08,000 shares |
| Fresh Issue Size (Amount) | up to ₹10.80 Cr | up to ₹9.56 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 27,00,000 shares | 17,08,000 shares |
| Issue Size Total (Amount) | up to ₹10.80 Cr | up to ₹9.56 Cr |
Turtle Infratrade IPO opens on , while Western Overseas Study Abroad IPO opens on Dec 04, 2025. The closing date of Turtle Infratrade IPO and Western Overseas Study Abroad IPO is , and Dec 08, 2025, respectively.
| Turtle Infratrade IPO | Western Overseas Study Abroad IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Dec 04, 2025 | |
| Issue Close | Dec 08, 2025 | |
| Basis Of Allotment (Tentative) | Dec 09, 2025 | |
| Initiation of Refunds (Tentative) | Dec 10, 2025 | |
| Credit of Share (Tentative) | Dec 10, 2025 | |
| Listing date (Tentative) | Dec 11, 2025 | |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Turtle Infratrade IPO P/E ratio is 5.4, as compared to Western Overseas Study Abroad IPO P/E ratio of 10.67.
| Turtle Infratrade IPO | Western Overseas Study Abroad IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| 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.
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| Promoter Shareholding (Pre-Issue) | 100 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.58 | 70.09 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 5.4 | 10.67 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹40.88 Cr. | ₹33.67 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.89% | 40.18% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 27.77% | 37.63% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.41 | ₹5.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.89% | 33.86% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Turtle Infratrade IPO Retail Individual Investors (RII) are offered while in Western Overseas Study Abroad IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Turtle Infratrade IPO and 0 shares in Western Overseas Study Abroad IPO.
| Turtle Infratrade IPO | Western Overseas Study Abroad IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 1,38,000 shares | 90,000 shares |
| QIB | 0 shares | |
| NII | 8,54,000 shares | |
| RII | 8,54,000 shares | |
| Employee | 0 shares | |
| Others | ||
| Total | 17,08,000 shares |
Turtle Infratrade IPO subscribed in total, whereas Western Overseas Study Abroad IPO subscribed 1.41x.
| Turtle Infratrade IPO | Western Overseas Study Abroad IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 0.39x | |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 2.43x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.41x |
