- NEGATIVE
Annual Revenue Western Overseas Study Abroad Mar-2026 Annual Revenue is Rs 20 Cr which is growth of -11.4% YoY.
- POSITIVE
Annual Net Profit Western Overseas Study Abroad Mar-2026 Annual Net Profit is Rs 3 Cr which is growth of 23.4% YoY.
Western Overseas Study Abroad was incorporated on September 18, 2013. The company provides educational and immigration advisory services, including visa guidance, language training, foreign language courses, consulting, and vocational education, along with seminars on domestic and international education. It offers a one-stop solution for students across Punjab, Chandigarh, Haryana, Delhi, and Madhya Pradesh, with a vision to empower aspiring Indians to succeed globally
| Bidding Dates |
|---|
| 04 Dec 2025 - 08 Dec 2025 |
| Subscription |
|---|
| 1.39x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹224,000 | 2 | 2 | 2000 | 1.8 M | ₹56 | 70.09 % | ₹100.7 M | RHP DOC |
Western Overseas Study Abroad IPO SUBSCRIPTION STATUS
08 Dec '25Total1.39x
Retail Individual Investor2.3x
HNI (NII) Investors0.47x
Qualified Institutional Buyers-
Western Overseas Study Abroad IPO overall subscription rate was 1.39 times the total available shares
Western Overseas Study Abroad IPO retail subscription rate was 2.3 times in the retail segment
Western Overseas Study Abroad IPO non-institutional investor subscription rate was 0.47 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
08 Dec 2025 (Day 3) | 2.3x | 0.47x | - |
05 Dec 2025 (Day 2) | 1.46x | 0.41x | - |
04 Dec 2025 (Day 1) | 0.15x | - | - |
Western Overseas Study Abroad FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 4.9 | 0.5 | -0.1 | -0.4 | 17.6% |
| FY25 | 22.7 | 2.2 | -0.3 | -1.1 | 16.3% |
| FY24 | 20.3 | 1.2 | -2.1 | -2.8 | 11.3% |
| FY23 | 10.2 | 0.4 | 0.7 | -0.1 | 10.6% |
Western Overseas Study Abroad IPO SUBSCRIPTION STATUS DETAILS
Western Overseas Study Abroad had 1.8 M shares on offer
Western Overseas Study Abroad IPO offer price was ₹56
Western Overseas Study Abroad IPO minimum Investment was ₹224000
Western Overseas Study Abroad IPO issue size was ₹ 100.7 M
Western Overseas Study Abroad had a minimum lot size of 2000 Shares per application
Western Overseas Study Abroad NUMBER OF SHARES ON OFFER
Total1.8 M
Fresh Issue1.8 M
Offer for Sale0
Post Issue Promoter Holding %70.09 %
Western Overseas Study Abroad IPO IMPORTANT DATES
| Issue Open Date | 04 Dec 2025 |
| Issue close Date | 08 Dec 2025 |
| Allotment Date | 09 Dec 2025 |
| Refund Date | 10 Dec 2025 |
| Demat Account Credit Date | 10 Dec 2025 |
| Listing Date | 11 Dec 2025 |
| Listing on Exchange(s) | BSE |
| Western Overseas Study Abroad Allotment Status | Exchange/ Registrar |
Western Overseas Study Abroad IPO subscription opened on 04 Dec 2025, and closed on 08 Dec 2025
IPO allotment for Western Overseas Study Abroad was finalized on Tuesday, 09 Dec 2025
IPO listing for Western Overseas Study Abroad was on BSE on Thursday, 11 Dec 2025
Western Overseas Study Abroad IPO LISTING GAINS
| Issue Price (adjusted) | 56.0 |
| Listing Open Price | 54.9 |
| Listing Close Price | 52.2 |
| Listing Gain% | -2.0% |
| Current Gain% | -67.0% |
Western Overseas Study Abroad Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Western Overseas Study Abroad Ltd. | 18.4 | 11.1 | 4.1 | 0.2 | 0.5 | 14.7 | 12.2 | 20.3 | -11.4 | 2.7 | 23.4 | 4.5 | 23.4 |
| Indian Railway Catering & Tourism Corporation Ltd. | 459.1 | 36728 | 26.4 | 6.4 | 6.8 | 32.3 | 18.4 | 5475.2 | 11.7 | 1393.5 | 6 | 17.4 | 4.1 |
| TBO Tek Ltd. | 1681.7 | 18261.2 | 69 | 4.9 | 5.9 | 15.8 | 2.6 | 2728.7 | 51.7 | 244.3 | 6.3 | 24.4 | 14.1 |
| BLS International Services Ltd. | 218.4 | 8994.5 | 12.7 | 0.5 | 2.8 | 27.9 | 18.2 | 3093.4 | 36 | 686.7 | 35.1 | 17.1 | 24.9 |
| LE Travenues Technology Ltd. | 163.7 | 7220.3 | 84.4 | 2.6 | 5.7 | 3.5 | 2.8 | 1275.3 | 36.8 | 72.1 | 19.9 | 1.9 | 32.8 |
| Thomas Cook (India) Ltd. | 100.7 | 4737.2 | 21.7 | -1.7 | 0.6 | 8.6 | 2.8 | 8557.8 | 3.3 | 218.8 | -14 | 4.6 | -12.9 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Western Overseas Study Abroad annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
Nested row level
Base Level
Reporting Type
Standalone
Cell Data
Actual
Table Settings
YoY & New to Old
CAGR Columns
Select...
Nested row level
Base Level
Export
| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|---|---|
26% | 20.4 | 23 | 20.4 | 10.2 | ||
Operating Exp. Ann. | 20.2% | 15.8 | 19 | 18 | 9.1 | |
Operating Profit Ann. | 59.9% | 4.5 | 3.7 | 2.3 | 1.1 | |
OPM Ann. % | 27.1% | 22.07% | 16.29% | 11.48% | 10.76% | |
20% | 16.6 | 19.9 | 18.7 | 9.6 | ||
EBITDA Ann. | 56.5% | 4.6 | 4 | 2.4 | 1.2 | |
EBITDA Ann. margin % | 25.6% | 22.42% | 17.30% | 11.79% | 11.31% | |
Interest Ann. | 58.7% | 0.4 | 0.4 | 0.3 | 0.1 | |
Depr. | -7.2% | 0.4 | 0.5 | 0.5 | 0.5 | |
PBT Ann. | 83.4% | 3.7 | 3.1 | 1.6 | 0.6 | |
Tax Ann. | 71% | 1 | 0.9 | 0.5 | 0.2 | |
75.4% | 2.7 | 2.2 | 1.2 | 0.5 | ||
Net Profit Ann. | 75.4% | 2.7 | 2.2 | 1.2 | 0.5 | |
NPM Ann. % | 44.9% | 13.45% | 9.72% | 5.86% | 4.42% | |
EPS Adj. latest Ann. | 77.8% | 4.5 | 3.7 | 2 | 0.8 |
*All financials are in INR Cr and price data in INR
Add metric to table
Search...
Total Rev. Ann.
1Y CHG
-11.3%
3Y CAGR
26%
Net Profit Ann.
1Y CHG
22.7%
2Y CAGR
50%
3Y CAGR
75.4%
Operating Exp. Ann.
1Y CHG
-16.8%
2Y CAGR
-6.3%
3Y CAGR
20.2%
Western Overseas Study Abroad INFORMATION ON IPO ISSUE
About Western Overseas Study Abroad
Western Overseas Study Abroad was incorporated on September 18, 2013. The company provides educational and immigration advisory services, including visa guidance, language training, foreign language courses, consulting, and vocational education, along with seminars on domestic and international education. It offers a one-stop solution for students across Punjab, Chandigarh, Haryana, Delhi, and Madhya Pradesh, with a vision to empower aspiring Indians to succeed globally
Object of the Issue
- To finance advertisement expenses towards enhancing the awareness and visibility of their brand
- To finance acquisition and installation of software
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
- To meet general corporate purposes
Western Overseas Study Abroad - PROMOTERS
| Name |
|---|
| Pardeep Balyan |
| Rekha Rani |
Western Overseas Study Abroad - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Pardeep Balyan | Chairperson & Managing Director |
| Rekha Rani | Whole Time Director |
| Deepak Kumar | Non-Executive Director |
| Umesh Chand Sharma | Non-Executive Independent Director |
| Sapna | Non-Executive Independent Director |
Western Overseas Study Abroad Lead Manager to the issue
Sobhagya Capital Options Private Limited
cs@sobhagyacap.com
Western Overseas Study Abroad Registrar to the issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Western Overseas Study Abroad Strengths
Technology integration
The company provides well-equipped infrastructure, including advanced classrooms, online lectures, doubt-clearing sessions, and digital client interactions. It also uses technology for document submission, verification, communication, and offers online platforms for clients to track case progress
Strength
Customization expertise
The company provides personalized advice tailored to each client’s goals and circumstances, offering comprehensive services that address individual needs. Its customized application strategies consistently earn client trust, leading to strong referrals from satisfied customers
Strength
End-to-end services
Western Overseas provides end-to-end services—from training and consultation to application processing and final settlement—tailored to each client’s goals. By offering all services under one roof, the company attracts a wider client base than providers with limited offerings
Strength
Western Overseas Study Abroad Risks
Licenses & permits
The company must obtain and renew various registrations, licenses, and permits to operate its business, and failure to do so on time may disrupt operations. Any lapse or non-compliance could lead to penalties, suspension, or cancellation of approvals, negatively impacting the company’s business and reputation
Risk
Students’ safety risks
Any breach of student safety or security could seriously damage the company’s reputation, business, and financial condition. Failure to provide proper safeguards or any negative publicity related to student safety may reduce enrollments and harm overall operations
Risk
Brand reputation
Failure to maintain and enhance the company’s brand and reputation could materially affect client trust and overall business performance. Any project defects, delays, complaints, negative publicity, or regulatory issues may damage brand image, weaken market presence, and adversely impact revenue, financial condition, and future growth
Risk
IPO FAQs
The promoters of the company are Pardeep Balyan and Rekha Rani.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 56.0 - 56.0.
The IPO application opens on Dec 04, 2025 and closes on Dec 08, 2025.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 224,000.0, the maximum value for this IPO is Rs 224,000.0.
This IPO will be allotted on Dec 09, 2025.
The refund will be credited to your account on Dec 10, 2025.
The allotted shares will be credited to your demat on Dec 10, 2025.
Western Overseas Study Abroad Ltd.’s shares listed on the stock exchanges on Dec 11, 2025.