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Western Overseas Study IPO
Price Band
₹
Issue Size
₹10.07 Cr
Lot Size
2,000 shares
Min Investment
₹224,000
2 LOTS MIN
GMP
—
Issue Price
₹56.0
Western Overseas Study IPO AI Summary
- Western Overseas Study IPO is listed on BSE SME in the Tour, Travel Related Services sector.
- Subscription window: 04 Dec–08 Dec 2025, listing on 11 Dec 2025.
Western Overseas Study Abroad Limited is set to offer a range of educational and immigration services, with a focus on empowering students. The IPO aims to raise ₹10.07 Cr, with proceeds allocated to various growth initiatives. Investors should consider the company's financial performance and market conditions before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Western Overseas Study IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 08 Dec 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Western Overseas Study IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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: Training for Language Proficiency Tests (IELTS / CELPIP / PTE / TOEFL & more) and Exams:The company helps clients meet eligibility criteria by preparing them for English proficiency tests like IELTS, PTE, DUOLINGO, and TOEFL, offering exam strategies, practice tests, and skill enhancement across all sections. Immigration consultancy service including Study Visa/tourist Visa/Business Visa and Permanent Visa. Study/Schooling Visa: The company assists students with student visa applications, interview preparation, and document submission, as well as providing guidance for Temporary Residence Visas (TRV) and Permanent Residence Visas (PRV) for successful applications. Competitive Strengths: Experienced and Knowledgeable team. Customization Expertise. Technology Integration. Range of services under one Roof. Clear and Transparent Terms.
Company Financials (₹ Cr)
As of 2025-06-30
| 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 |
Key Ratios
EPS
₹5.25
NAV
₹15.49
ROE
40.18%
ROCE
37.63%
RoNW
33.86%
P/B Value
3.62
P/E Ratio
10.67
Market Cap
₹33.67 Cr
PAT Margin
9.73%
Debt/Equity
0.63
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Landmark Global Learning Ltd | 40.75 | 15.63% | 8.24 | 6.37 | 6.37 |
| Winny Immigration & Education Services Limited | 27.2 | -78.48% | -3.09 | -22.97 | -22.97 |
| Western Overseas Study Abroad Limited This IPO | 15.49 | 33.86% | 10.67 | 5.25 | 5.25 |
Promoters
Pardeep Balyan and rekha Rani
Objects of the Issue
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 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 Company 2.00 4 To meet General Corporate Purposes 0.74 5 Issue Expenses 0.90 Total 10.07
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹10.21 Cr in the year ending 31 Mar 2023, increasing to ₹20.37 Cr by 31 Mar 2024, and further rising to ₹22.96 Cr in the year ending 31 Mar 2025. However, the most recent figure of ₹4.97 Cr as of 30 Jun 2025 is a 9-month figure and not directly comparable to the full years.
Profit Trend
Profit After Tax was ₹0.45 Cr in the year ending 31 Mar 2023, rising to ₹1.19 Cr by 31 Mar 2024, and further increasing to ₹2.21 Cr in the year ending 31 Mar 2025. The most recent figure of ₹0.54 Cr as of 30 Jun 2025 is a 9-month figure, making direct comparison with the full years inappropriate.
Valuation
At the issue price of ₹56.0, Western Overseas Study has an implied P/E ratio of 10.67, compared to peers trading at P/E ratios of 8.24 and -3.09.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price compared to the issue price. A positive GMP suggests that the shares may list at a higher price, while a negative GMP indicates potential listing at a lower price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's essential to consider the company's business model and market position.
Who May Want to Wait
Investors who cannot tolerate the inherent risks associated with IPO investments, such as market fluctuations and the potential for loss, may want to avoid this offering.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may list at a premium, others may not perform as expected. Factors influencing listing performance include market conditions, investor sentiment, and the company's fundamentals.
This evaluation is generated from Western Overseas Study's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Western Overseas Study IPO open and close?
Western Overseas Study IPO opens on 04 December 2025 and closes on 08 December 2025.
When does Western Overseas Study IPO list on the stock exchange?
Western Overseas Study IPO listed on 11 December 2025 at ₹56.0.
What is the lot size for Western Overseas Study IPO?
The lot size for Western Overseas Study IPO is 2000 shares, requiring a minimum investment of ₹224,000 (2 lots).
What is the issue price for this IPO?
The issue price for Western Overseas Study Abroad Limited's IPO is ₹56.0.
What is the minimum investment required?
The minimum investment required is ₹224,000, which corresponds to a lot size of 2000 shares.
When does the IPO open and close?
The IPO opens on 4th December 2025 and closes on 8th December 2025.
What is the allotment date for this IPO?
The allotment date is set for 9th December 2025.
When will the shares be listed?
The shares are expected to be listed on 11th December 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
04 Dec 2025
Close
08 Dec 2025
Allotment
09 Dec 2025
Listing
11 Dec 2025
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