Western Overseas Study Abroad IPO opens on December 4, 2025, and will close on December 8, 2025. This IPO is a Fixed Price Issue, priced at ₹56 per share. The company aims to raise ₹10.07 crore through a complete fresh issue. The allotment will be finalized on December 9, 2025, and the shares will list on the BSE SME platform on December 11, 2025.
Western Overseas has shown steady growth, reporting ₹22.96 crore revenue and ₹2.21 crore profit in FY2025. With rising demand for education and immigration services, the IPO may appeal to long-term investors.
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Western Overseas Study Abroad IPO Details
| Detail | Information |
|---|---|
| IPO Open Date | December 4, 2025 |
| IPO Close Date | December 8, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price | ₹56 per share |
| Issue Size | Approx ₹10.07 crores |
| Fresh Issue | Approx ₹10.07 crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP | View PDF |
| RHP | View PDF |
Western Overseas IPO
Open: 4-8 Dec
Issue Size: ₹10.07 Cr.
Objective: Raise funds to boost brand visibility, buy software, repay borrowings and general use.
Exchange: BSE SME
Western Overseas Study Abroad IPO Review
Western Overseas is a growing education and immigration services provider with stable revenues and strong year-on-year profit growth. Its margins, ROE, and return on net worth remain healthy.
Given the company’s expanding branch network and rising demand for language tests and overseas education, long-term investors may consider this IPO
Western Overseas Study Abroad IPO GMP
The Grey Market Premium (GMP) for the Western Overseas Study Abroad IPO is being tracked based on the latest unofficial market activity. Although SME IPO GMPs fluctuate frequently, early signals often reflect investor sentiment before listing. For this IPO, market observers are monitoring subscription strength, financial performance, and overall demand for education-related stocks.
Western Overseas has posted consistent revenue growth and maintains a strong presence across multiple states, which could support positive grey market interest. However, SME IPOs typically see higher volatility in GMP due to limited float and speculative demand. Investors should treat GMP only as an indicator and not a guarantee of listing price.
The actual listing performance will depend on subscription levels across retail and NII segments, broader market mood, and post-issue fundamentals. Always consider the company’s financials and long-term prospects before applying.
Western Overseas Study Abroad IPO Market Lot
The minimum market lot is 4,000 shares and the total application amount for retail investors is ₹2,24,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | ₹2,24,000 |
| Retail Maximum | 2 | 4,000 | ₹2,24,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,36,000 |
IPO Reservation
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor | – | – |
| NII | 8,54,000 | 47.50% |
| Retail | 8,54,000 | 47.50% |
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Western Overseas Study Abroad IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | December 4, 2025 |
| IPO Close Date | December 8, 2025 |
| Basis of Allotment | December 9, 2025 |
| Refunds | December 10, 2025 |
| Shares Credit to Demat | December 10, 2025 |
| Listing Date | December 11, 2025 |
| Cut-off Time | December 8, 2025 – 5 PM |
Promoters and Shareholding Pattern
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre-Issue | 42,14,000 | 100.00% |
| Promoter Holding Post-Issue | 60,12,000 | 70.09% |
| Promoters | Mr. Pardeep Balyan & Ms. Rekha Rani | – |
Objects of the Issue
The company plans to use the proceeds for brand promotion, particularly advertising to expand awareness across its key markets. A portion of the funds will go towards acquiring and installing new software systems to enhance operations.
The IPO money will also be used for partial repayment of existing borrowings along with general corporate purposes to support future growth.
About Western Overseas Study Abroad Limited
Founded in 2013, Western Overseas provides overseas education consulting, immigration services, and visa support. The company also offers coaching for IELTS, TOEFL, PTE, CELPIP, Duolingo, French, German, and Spanish.
With 12 branches and a dedicated back-end office, it serves students from Punjab, Chandigarh, Haryana, Delhi, and Madhya Pradesh. Services include loan assistance, scholarship guidance, permanent residency support, career counseling, and language training.
Western Overseas Study Abroad Financials (₹ in Crores)
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 10.21 | 9.60 | 0.45 | 4.79 |
| 2024 | 20.37 | 18.73 | 1.19 | 10.05 |
| 2025 | 22.96 | 19.86 | 2.21 | 12.69 |
| June 2025 | 4.97 | 4.24 | 0.54 | 13.87 |
Western Overseas Study Abroad IPO Valuation (FY2025)
| KPI | Value |
|---|---|
| ROE | 40.18% |
| ROCE | 37.63% |
| EBITDA Margin | 16.27% |
| PAT Margin | 9.73% |
| Debt to Equity | 0.65 |
| EPS | ₹5.25 |
| P/E | 10.67 |
| RoNW | 33.86% |
| NAV | ₹15.49 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Winny Immigration | (22.97) | (3.09) | (78.48)% | 27.20 | 8.19 Cr |
| Landmark Global Learning | 6.37 | 8.24 | 15.63% | 40.75 | 37.58 Cr |
IPO Lead Manager
Sobhagya Capital Options Pvt. Ltd.
Company Address
| Field | Details |
|---|---|
| Company Name | Western Overseas Study Abroad Ltd. |
| Address | Ground Floor – First Floor, S.C.F No-27-28, Vikas Vihar, Ambala, Haryana 134003 |
| Phone | +91-171-3500064 |
| info@western-overseas.com | |
| Website | western-overseas.com |
IPO Registrar
Skyline Financial Services Pvt. Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: skylinerta.com/ipo.php
Western Overseas Study Abroad IPO FAQs
What is Western Overseas Study Abroad IPO?
It is an SME IPO on the BSE, aiming to raise ₹10.07 crores at a price of ₹56 per share.
When does the IPO open?
It opens on December 4, 2025 and closes on December 8, 2025.
What is the investors’ portion?
QIB: 0%, NII: 50%, Retail: 50%.
How to apply?
You can apply via ASBA through your bank or through UPI using your stockbroker.
What is the lot size?
The minimum lot size is 4,000 shares.
What is the allotment date?
Allotment will be finalized on December 9, 2025.
What is the listing date?
Shares will list on BSE SME on December 11, 2025.
Expert Comment
Western Overseas shows promising growth in the education and immigration services segment. Its improving profitability, strong ROE, and expanding operational footprint make it a reasonably valued SME IPO.
Long-term investors who understand the sector may find this IPO worth considering, while short-term bidders should evaluate subscription demand closely.
