Western Overseas Study Abroad
December 4, 2025 – December 8, 2025
| Price | ₹56 - ₹56 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 2000 |
| Issue size | ₹10.07 cr |
| Allotment | Dec 9, 2025 |
| Listing | Dec 11, 2025 |
Western Overseas Study Abroad Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 4000 | 224000 | 214 |
| HNI | 3 | 6000 | 336000 | 142 |
Western Overseas Study Abroad Reservation
| Category | Shares Offered | % |
|---|---|---|
| HNI | 854000 | 47.5% |
| INDIVIDUAL | 854000 | 47.5% |
| Market Maker | 90000 | 5.01% |
| Total | 1798000 | 100% |
Western Overseas Study Abroad About
IPO Details
| Total Issue Size | 17,98,000 shares (aggregating up to 10.07 Cr) |
| Fresh Issue Size | 17,98,000 shares (aggregating up to 10.07 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 42,14,000 shares |
| Share Holding Post Issue | 60,12,000 shares |
| Reserved for Market Maker | 90,000 shares (aggregating up to 0.50 Cr) |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. |
Key Performance Indicators
| KPI | Jun-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROCE | 7.98% | 40.18% | 30.68% |
| RONW | 7.67% | 33.86% | 26.60% |
| EPS (basic) | 1.29 | 5.25 | 2.82 |
| P/E Pre IPO | 10.67 | ||
| P/E Post IPO | 15.51 |
Financial Details In Crores
| Period Ended | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| 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 | 3.7 | 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 |
Company Overview
Incorporated in 2013, Western Overseas provides education consultancy, immigration advisory services, visa guidance, and language training for students and professionals aiming to study or work abroad.
Offers training for IELTS, TOEFL, PTE, CELPIP, DUOLINGO, LanguageCert, and foreign languages like French, German, Spanish.
Provides end-to-end services including loan guidance, scholarship assistance, visa support, interview prep, TRV/PRV guidance, test bookings, and career counselling.
Operates 12 branches + 1 backend office, serving students across Punjab, Haryana, Chandigarh, Delhi, and Madhya Pradesh with personalised counselling and dedicated classrooms.
IPO funds will be used for advertising & brand visibility (₹3.43 cr), software acquisition (₹3.00 cr), repayment of borrowings (₹2.00 cr), and general corporate needs (₹0.74 cr).
Strength
Experienced advisory team – Skilled trainers and visa experts enhance student success rates across global destinations.
Customised student solutions – Tailored coaching, visa strategy, and counselling improve outcomes and client satisfaction.
Strong tech integration – Software-enabled training, tracking, and process automation support efficient service delivery.
Weakness
Pending legal proceedings – Ongoing litigations involving the company and key personnel may affect brand and financial stability.
Dependence on partner institutions – Loss of tied-up universities/colleges or training partners may impact revenue flow.
History of negative cash flows – Continued negative cash cycles could affect liquidity and long-term financial health.
Western Overseas Study Abroad Lead Manager(s)
Western Overseas Study Abroad Address
Ground Floor- First Floor,
S.C.F No-27-28,
Vikas Vihar,
Ambala, Haryana, 134003
Phone: + 91-171-3500064
Email: info@western-overseas.com
Website: https://western-overseas.com/
Western Overseas Study Abroad Registrar
Western Overseas Study Abroad Reviewers
| Reviewer | Recommendation | File |
|---|