Fixed Price IPO | ₹10 Cr | Listed at BSE SME | Thu, Dec 4, 2025 - Mon, Dec 8, 2025
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 Open
Thu, Dec 4, 2025
IPO Close
Mon, Dec 8, 2025
Issue Price
₹56 per share
Market Cap (Pre-IPO)
₹33.67 Cr
| 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 only |
| 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 Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹0.5040 Cr) |
| Fresh Issue (Ex Market Maker) | 17,08,000 shares (agg. up to ₹10 Cr) |
| 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 |
Western Overseas Study Abroad IPO comprises a total issue size of 17,98,000 shares. The net offer to the public is 17,08,000 shares, after excluding 90,000 shares allotted on a firm basis. Of the Net offer 8,54,000 (50.00%) allocated to NII 8,54,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,54,000 | 50.00% | 47.50% |
| Retail Shares Offered | 8,54,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 90,000 | 5.01% | |
| Total Shares Offered | 17,98,000 | 100.00% | 100.00% |
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 |
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:
Competitive Strengths:
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 | ||||
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 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 5.25 | 3.61 |
| P/E (x) | 10.67 | 15.51 |
| Promoter Holding | 100% | 70.09% |
| Market Cap | ₹33.67 Cr. |
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.
| # | 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 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹56.00 |
| Open | ₹54.90 |
| Low | ₹52.16 |
| High | ₹54.90 |
| Last Trade | ₹52.16 |
Lead Manager Reports
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.
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 Zerodha IPO Application Process Review for more detail.
The Western Overseas Study Abroad IPO opens on Thu, Dec 4, 2025 and closes on Mon, Dec 8, 2025.
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.
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.
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.
The Western Overseas Study Abroad IPO listing date is on Thu, Dec 11, 2025.
