Western Overseas Study Abroad IPO

About Western Overseas Study Abroad IPO

The IPO of Western Overseas Study Abroad comprises a fresh issue of up to17,98,000 equity shares, aggregating up to ₹10.0688 crores. There’s no offer for sale in this IPO, which is a 100% fixed-price issue. The price band is ₹56 per share.

Western Overseas Study Abroad IPO Stainless IPO opens on December 4, 2025 and closes on December 8, 2025. The allotment of shares will take place on December 9, 2025. The credit of shares to the Demat account will take place on December 10, 2025. The initiation of refunds will take place on December 10, 2025. The listing of shares will take place on December 11, 2025. The lot size of shares in the IPO is 2000. The minimum investment amount required by a retail investor is ₹2,24,000 based on the upper price.

Western Overseas Study Abroad is engaged in providing educational and immigration advisory services, offering visa advice and training, language training (IELTS, TOEFL,PTE, CELPIP, DUOLINGO,LANGUAGE CERT) and foreign languages like French, German, Spanish, consulting services, and technical, professional, and vocational education, as well as conducting seminars and workshops on domestic and international educational topics, all aimed at supporting individuals seeking education or career opportunities abroad.

Objectives of Western Overseas Study IPO

The objectives of the IPO are:

• To finance advertisement expenses towards enhancing the awareness and visibility of its brand
• To finance acquisition and installation of software
• Repayment in full or in part portion of certain outstanding borrowings availed by the company
• To meet general corporate purposes
• To meet issue related expenses

Industry Outlook

The education sector in India was estimated to be worth US$ 117 billion in FY20 and is expected to reach US$ 225 billion by FY25. India K-12 segment growth was valued at US$ 48.9 billion in 2023. It is, currently, estimated to grow at a rate of 10.7%. Projected to reach an impressive US$ 125.8 billion by 2032.

The Indian edtech market size is expected to reach US$ 30 billion by 2031, from US$ 700-800 million in 2021. According to KPMG, India has also become the second largest market for E-learning after the US. The online education market in India is expected to grow by US$ 2.28 billion during 2021-2025, growing at a CAGR of almost 20%.

Western Overseas Study Abroad Company Information

Incorporated in 2013, Western Overseas Study Abroad is engaged in providing educational and immigration advisory services, offering visa advice and training, language training (IELTS, TOEFL,PTE, CELPIP, DUOLINGO,LANGUAGE CERT) and foreign languages like French, German, Spanish, consulting services, and technical, professional, and vocational education, as well as conducting seminars and workshops on Domestic and International educational topics, all aimed at supporting individuals seeking education or career opportunities abroad.

Strengths of Western Overseas Study Abroad

• Experienced and Knowledgeable team
• Customization expertise
• Technology integration
• Range of services under one roof
• Clear and transparent terms

Risks of Western Overseas Study Abroad

• As the company is dependent on various institutions for revenues, any loss of such institutions may have an adverse impact on business
• History of negative cash flows and any negative cash flows in the future could adversely affect financial conditions
• Conflicts of interest may arise out of common pursuits between the company and entities forming part of promoter group
• Any adverse developments affecting operations in global institutions could have an adverse impact on revenue
• Adverse developments affecting operations in Canada, UK, Australia and Germany could have an adverse impact on revenues
• Registered and branch offices are not owned by the company
• Adverse changes in the foreign Policy on VISA and Immigration may affect business
• Adverse political instability or a change in economic liberalisation and deregulation policies could seriously harm business
• Study materials for IELTS, PTE, DUOLINGO, and TOEFL and other courses prepared for students may be copied, which will have an adverse effect on business
• Rejection of VISA by the foreign embassy may adversely affect reputation, business and financial results

Anchor Investor Bidding Date

TBA

IPO Registrar and Book Running Lead Manager

• IPO Registrar: Skyline Financial Services
• Book Running Lead Manager: Sobhagya Capital Options

Western Overseas Study Abroad Business Model

Western Overseas Study Abroad offers a comprehensive range of professional programmes, including education consultancy, education loan and guidance and scholarships, admission and filing of application formalities, training for language proficiency tests and study visa and tourist visa.

The company also offers a range of services in educational and immigration consultancy that include online and offline coaching, English proficiency test booking, work visa, business visa, etc.

Western Overseas Study Abroad Growth Trajectory

The company’s revenue from operations jumped from ₹10.1506 crores in FY 23 to ₹22.7252 crores in FY 25, while its EBITDA margin jumped 10.59% in FY 23 to 16.27 in FY 25. The company’s PAT margin increased from 4.43% in FY 23 to 9.73% in FY 25. An experienced and knowledgeable team coupled with a range of services under one roof has aided the company’s growth over the years.

Western Overseas Study Abroad Market Position

During the financial year 2023-24, the company has made its presence in 14 countries other than India across the world. The company has 12 branches and 1 back-end office with equipped classes to provide training services to the individuals and desk filled type offices with each desk dedicated to each consultant, who provide consultancy services at each of their desks to different individuals with one dedicated consultant per individual in relation to global education and immigration consultancy services.

How to Apply for Western Overseas Study IPO?

• Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.