Western Overseas Study Abroad IPO: Price, GMP, Analysis, And Details

Western Overseas Study Abroad IPO- Company Analysis 

Western Overseas Study Abroad IPO under the SME IPO category is a fixed price issue of Rs. 10.07 Cr by Western Overseas Study Abroad Ltd., and is involved in offering advice on visas as well as educational and immigration services. It provides workshops, advisory services, foreign language classes (French, German, and Spanish), and language training (IELTS, TOEFL, PTE, CELPIP etc) for persons wishing to further their studies or professions overseas.

Services:

• Preparation for Exams and Language Proficiency Tests (IELTS, CELPIP, PTE, TOEFL, and more).
• Immigration consultancy service including Visa/Business Visa and Permanent Visa. Visa for Study/Schooling.
  
  

Western Overseas Study Abroad IPO Details

The Western Overseas Study Abroad IPO date of opening is 04 December 2025, its initial public offering will end on 08 Dec, IPO allotment on Dec 09 and refund initiation on Dec 10, 2025.

The Rs. 10.07 crore new SME IPO comprises an entirely fresh issue of 0.18 crore shares.

The Western Overseas Study Abroad IPO listing date (expected) might be on Thursday, Dec 11, 2025, and listing at the BSE and SME. 

The Western Overseas Study Abroad IPO price band is Rs. 56.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Dec 04, 2025
IPO Closing Date	Dec 08, 2025
IPO Allotment Date	Dec 09, 2025
Refund Initiation	Dec 10, 2025
IPO Listing Date	Dec 11, 2025

 

Click to open demat account and apply for the IPO.

 

Company Financials

(Amount in Cr)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	12.69	10.05	4.79
Total Income	22.96	20.37	10.21
PAT	2.21	1.19	0.45
EBITDA	3.70	2.29	1.08
Net Worth	6.53	4.48	3.28
Reserves & Surplus	2.32	4.47	3.27
Total Borrowing	4.09	3.31	0.47

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(27.60)	(206.77)	74.31
Net Cash Flow Investing Activities	(18.33)	(81.14)	(82.61)
Net Cash Flow Financing Activities	26.22	262.47	17.83

 

Revenue Bifurcation

(Rs. in Lac)

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• To finance Advertisement expenses towards enhancing the awareness and visibility of our brand. ~ Rs. 3.43 Cr.
• To finance the acquisition and installation of the Software.~ Rs. 3 Cr.
• Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company. ~ Rs. 2 Cr.
• General corporate purposes. ~ Rs. 0.74 Cr.

Listed Peers of Western Overseas Study Abroad Ltd. 

Company Name	Face Value (Rs. )	EPS (Rs. )	P/E Ratio (x)
Winny Immigration & Education Services Limited	10	(22.97)	(3.09)
Landmark Global Learning Ltd.	10	6.37	8.24

 

Valuation

KPI	Values
ROE	40.18%
ROCE	37.63%
Debt/Equity	0.63
RoNW	33.86%
PAT Margin	9.73%
EBITDA Margin	16.27%

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 5.25 from the last year, the resulting P/E ratio is 11.78x.

Explore the Mother Nutri IPO.

IPO's Strengths

• Knowledgeable and experienced crew.
• Expertise in customization.
• Integration of technology.
• Range of services under one Roof.
• Clear and transparent Terms.

IPO’s Weaknesses 

• The organization does not have an online platform, mobile app, or software tool, which limits customer reach and diminishes convenience for students in an increasingly digital-first education market.
• Western Overseas admits that in order to successfully compete with other big, tech-enabled study-abroad companies, it requires more aggressive and organized marketing techniques.
• The business is up against fierce competition from both offline advisors and rapidly expanding internet platforms in the congested study-abroad and visa consulting sector.
• The firm is very sensitive to natural disasters, pandemics, and sudden changes in government or immigration policies-all of which can immediately disrupt operations and income.
  
  

Western Overseas Study Abroad IPO GMP (Grey Market Premium)

Western Overseas Study Abroad IPO GMP today is Rs. 0 as of 02 Dec 2025 while writing this information with a price band set at Rs. 56. This suggests that the estimated listing price of the IPO could be around Rs. 56, indicating a gain/loss of 0%.

Western Overseas Study Abroad IPO Summary

IPO Opening & Closing Date	04 Dec, 2025 to 08 Dec, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 56  per Share.
Lot Size	2000 Shares
Issue Size	17,98,000 Shares (Rs. 10.07 Cr)
Offer for Sale	-
Fresh Issue	17,98,000 Shares (Rs. 10.07 Cr)
Listing at	BSE, SME
Issue Type	Fixed price issue IPO
Registrar	Skyline Financial Services Pvt. Ltd.

 

IPO Lot Details 

Retail investors can invest in a minimum of 2 Lots (4000 Shares) for Rs. 2,24,000, and in multiples thereof, while S-HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 3,36,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

Western Overseas Study Abroad IPO Allotment Status

To check the Western Overseas Study Abroad IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Western Overseas Study Abroad Ltd.

• Mr. Pardeep Balyan
• Ms. Rekha Rani. 

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	70.09%

 

IPO Lead Managers

• Sobhagya Capital Options Pvt. Ltd.
  
  

Dividend Policy

The company has not declared a dividend during the last three years.

Conclusion

Exposure to a developing education consulting business with robust margins, a wide range of services, and an increasing demand for international education in India is provided by the Western Overseas Study Abroad IPO. However, absence of a digital platform, strong competition, and regulatory sensitivity remain key risk concerns. Before applying, investors should assess the industry's volatility and long-term growth possibilities.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company, Click to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.