Western Overseas Study Abroad BSE SME

Western Study Abroad SME IPO

Listed

BSE SMEOpens 4 December 2025Closes 8 December 2025

Established in 2013, Western Overseas Study Abroad Limited specializes in educational consulting and immigration guidance. The company offers a wide range of services, including preparation for language proficiency…

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Live GMPSubscriptionAllotment
Price band
₹56.00
Issue size
₹9.56 Cr
Lot size
2,000 shares
Type
BSE SME
GMP
₹0 (0.0%)
Est. listing
₹56
Est. profit / app
—
Retail quota
47.50%

Key ratios

As per RHP / filings
Face value
₹10
EPS
3.61
P/E ratio
15.51
RoNW
33.86%
ROE
40.18%
Debt / Equity
0.62
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Timeline

  1. IPO Opens

    4 Dec 2025

  2. IPO Closes

    8 Dec 2025

  3. Allotment

    9 Dec 2025

  4. Listing

    11 Dec 2025

IPO Timeline & Listing Details

EventDate
IPO Open Date4 December 2025
IPO Close Date8 December 2025
Allotment Date9 December 2025
Listing Date11 December 2025

Investment Categories

CategoryLotsAmount
Individual
2₹2,24,000
SHNI (Min)
3₹3,36,000
SHNI (Max)
8₹8,96,000
BHNIAbove ₹10,00,000
9₹10,08,000

IPO Reservation Details

CategoryReservation
NII (Non-Institutional Investor)47.50%
Retail47.50%
Market Maker5.01%
Total100.00%

IPO Objectives

  • To finance Advertisement expenses towards enhancing the awareness and visibility of our brand (₹3.43 Cr).
  • To finance acquisition and installation of Software (₹3.00 Cr).
  • Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company (₹2.00 Cr).
  • To meet General corporate purposes (₹0.74 Cr).

Strengths

  • The company offers an experienced team and various services under one roof (coaching, visa, and consulting), providing a complete solution provider model.
  • It maintains clear and transparent terms with clients, which fosters trust and promotes long-term relationships.
  • The business excels in customization expertise, creating personalized consultancy and holiday packages for clients.
  • It shows strong financial growth, with Revenue increasing by 13% and profit after tax (PAT) rising sharply by 86% in FY25, leading to a robust RoNW of 33.86%.
  • IPO funds are strategically used to finance Advertisement expenses and Software acquisition, indicating a push for digital presence and scalability.

Weaknesses

  • There is high reliance on immigration and study visa policies of foreign governments (Canada, US, etc.), making the business highly vulnerable to sudden regulatory changes.
  • The business has geographic concentration primarily in North Indian states (Punjab, Haryana, Delhi), exposing it to regional economic and competitive factors.
  • Operations are working capital intensive due to upfront expenditure on brand building and software acquisition.
  • It operates in a highly competitive market with intense competition from other immigration consultants and EdTech platforms, which can lead to pricing pressures.
  • There is reliance on a single revenue stream derived from the core consulting/coaching business.
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Financial Performance

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)13.8712.6910.054.79
Revenue (₹ Cr.)4.9722.9620.3710.21
PAT (₹ Cr.)0.542.211.190.45
Net Worth (₹ Cr.)7.076.534.483.28

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Western Overseas Study3.6215.5133.86%7.07
Winny Immigration & Education2.5-3.19-103.13%5.9
Landmark Global Learning1.268.0511.44%84

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
NII0x0.33x0.39x
RII0.16x1.54x2.43x
Total0.08x0.93x1.41x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
NII8,54,0003,30,0001.85
RII8,54,00020,72,00011.6
Total17,08,00024,02,00013.45
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Company Details

  • 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/

Registrar Details

Frequently Asked Questions

What core services does Western Overseas Study Abroad provide?
The company offers comprehensive educational consulting, immigration guidance, and language test training (IELTS, TOEFL, PTE, CELPIP, Duolingo, etc.) for individuals seeking international study or career paths.
When does the Western Overseas IPO close for subscription?
The Western Overseas Study Abroad SME IPO opens on December 4, 2025, and closes on December 8, 2025.
What is the IPO price and listing exchange?
The IPO is a Fixed Price Issue at ₹56.00 per share. The tentative listing date on the BSE SME is December 11, 2025.
What are the primary objectives of the ₹9.56 Cr Fresh Issue?
The net proceeds are mainly allocated to finance Advertisement expenses (₹3.43 Cr), acquire and install Software (₹3.00 Cr), and repay existing borrowings (₹2.00 Cr).
What is the company's geographical presence in India?
The company has a strong presence across Punjab, Chandigarh, Haryana, Delhi, and Madhya Pradesh, supported by 12 branch offices and one dedicated back-end facility.
How healthy is Western Overseas' financial growth?
The company showed strong financial growth in FY25, with revenue increasing by 13% and profit after tax (PAT) rising sharply by 86%, resulting in a robust RoNW of 33.86%.

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Sources

We match Western Study Abroad SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • Skyline Financial Services Pvt.Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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