Western Overseas IPO: Complete Details, Dates, Financials, Strengths, Risks & Analysis

- December 03, 2025

Western Overseas IPO Important Dates

Event	Date
IPO Opening Date	4 December 2025
IPO Closing Date	8 December 2025
Allotment Date	9 December 2025
Tentative Listing Date	11 December 2025
Exchange	BSE SME

⭐ Western Overseas IPO Details (At a Glance)

Detail	Information
Issue size	₹100.07 Crore
Face value	₹10 per share
Price band	₹56 – ₹58
Lot size	2,000 shares
Minimum investment	₹2,24,000
Listing	BSE SME
Parent Company	Western Overseas Study Abroad Ltd
Founded	2013
Managing Director / CEO	Mr. Pradeep Balyan

⭐ About Western Overseas Study Abroad Ltd

Western Overseas Study Abroad Ltd is involved in providing educational consulting, student visa guidance, and immigration advisory services. Established in 2013 in Haryana, the company helps students with:

Overseas education counselling
Admission assistance
Visa documentation
Pre-departure training
Test preparation (IELTS, PTE, TOEFL)
Post-arrival support

The company also provides proprietary study materials for competitive language exams and uses modern infrastructure like smart classrooms, detailed training systems, and online learning tools to support students.

⭐ Financial Performance of Western Overseas

Revenue Growth (FY22 → FY25)

FY22: ₹101.15 Cr
FY23: ₹113.06 Cr
FY24: ₹131.92 Cr
FY25: ₹272.77 Cr

Profit After Tax (FY22 → FY25)

FY22: ₹0.82 Cr
FY23: ₹4.64 Cr
FY24: ₹11.19 Cr
FY25: ₹22.71 Cr

Conclusion from Financials:
The company has delivered consistent growth in both revenue and profits, especially in FY24 and FY25, indicating rising demand for international study services.

⭐ Strengths of Western Overseas IPO

1. Customised Education & Visa Advisory Services

The company offers tailored guidance based on each client’s goals and background. Their centralised strategy ensures quality support throughout the student journey.

2. Strong Infrastructure

Western Overseas operates advanced classrooms, digital learning systems, and online test software—enhancing the student experience.

3. Comprehensive Service Model

From test prep to documentation, visa applications, and after-support, Western Overseas serves as a one-stop solution, attracting a diverse student base.

4. Clear Client Agreements

The company maintains clarity in refund rules, service scope, responsibilities, and payment terms—ensuring transparency and customer trust.

5. Strong Revenue & Profit Growth

The company has shown multi-year consistent growth, especially a major jump in FY25 revenue and profit.

⭐ Risks & Concerns for Investors

1. Dependency on Limited Global Institutions

A major portion of revenue comes from a small number of international institutions. Any loss of partnerships may affect revenue.

2. Negative Operating Cash Flows (Past Years)

The company has reported negative cash flows from operating activities in previous years, which may affect liquidity.

3. Geographic Concentration Risk

Most revenue comes from specific regions. Limited diversification may affect growth if demand drops in key markets.

4. Legal Proceedings

There are ongoing cases involving the company, promoters, and KMPs. Any adverse judgment may hurt the business.

5. Intellectual Property Concerns

The company creates proprietary study materials. Misuse, copying, or competition could harm revenue and brand value.

6. High Financial Liabilities

As of June 2025, the company reported outstanding financial liabilities of ₹45.67 crore.

7. SME IPO Volatility

SME stocks usually have:

Lower liquidity
Higher price fluctuations
Limited analyst coverage

Investors must be cautious.

⭐ Western Overseas IPO FAQs

1. What is the issue size of Western Overseas Study Abroad Ltd IPO?

The total issue size is ₹100.07 crore.

2. What is the price band of the IPO?

The IPO price band is ₹56–₹58 per share.

3. What is the minimum lot size?

One lot = 2,000 shares.

4. How much is the minimum investment?

Minimum investment = ₹2,24,000.

5. When will the allotment be announced?

Allotment will be declared on 9 December 2025.

6. When will the stock list on the exchange?

Western Overseas is expected to list on 11 December 2025, on the BSE SME.

7. Who is the registrar of the IPO?

Skyline Financial Services Pvt Ltd is the registrar.

⭐ Conclusion – Should You Apply for Western Overseas IPO?

Western Overseas Study Abroad Ltd has shown impressive financial growth, a strong service ecosystem, and increasing demand in the study-abroad industry. However, investors should also consider several risks such as dependency on limited institutions, past negative cash flows, legal cases, and typical SME IPO volatility.

Ideal For Investors Who:

✔ Understand the SME segment
✔ Can take medium-to-high risk
✔ Believe in the long-term growth of overseas education

Not Ideal For Investors Who:

✘ Want low-risk stable returns
✘ Prefer large-cap IPOs
✘ Are not comfortable with SME liquidity issues

Overall, Western Overseas IPO looks promising but should be approached with careful evaluation and risk awareness.

SHORT Summary :

Western Overseas IPO – Short Summary

Western Overseas Study Abroad Ltd is launching its SME IPO on 4 December 2025, with a total issue size of ₹100.07 crore. The company provides overseas education consulting, visa guidance, and test preparation services. It operates modern classrooms, digital learning tools, and offers complete support from counselling to post-arrival services.

Financials show strong growth—revenues increased from ₹101 crore (FY22) to ₹272 crore (FY25), and profits rose from ₹0.82 crore to ₹22.71 crore in the same period.

The IPO price band is ₹56–₹58 with a lot size of 2,000 shares (minimum investment ₹2,24,000). Listing is expected on 11 December 2025 on BSE SME.

While strengths include strong revenue growth, customised services, and a wide student support system, risks include dependency on limited global institutions, past negative cash flows, legal proceedings, and typical SME IPO volatility.

Overall, it’s a growing company in the education space, but suitable only for investors who understand SME risk and can invest for the long term.

⚠ Disclaimer

This article is for educational and informational purposes only. It is not financial advice or an investment recommendation. IPO investing carries market risk. Please consult a SEBI-registered financial advisor before making any investment decisions.

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