31 Mar 2023
Assets4.79
Total Income10.21
EBITDA1.08
Profit After Tax0.45
NET Worth3.28
Reserves and Surplus3.27
Total Borrowing0.47
At a glance
Updated 2026-09-10Western Overseas Study Abroad is a SME IPO with an issue size of ₹10.07 crore, proposed for listing on BSE SME. The offer opens on 4th Dec 2025 and closes on 8th Dec 2025. The issue structure includes a fresh issue of ₹9.56 crore.
Issue details
Listing atBSE SME
Issue typeFixed Price Issue
Issue size₹10.07 Cr
Fresh issue₹9.56 Cr
Face value₹10
Price band—–—
Allotment9th Dec 2025
Listing11th Dec 2025
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper priceNO DATA
Est. listing₹56.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens4th Dec 2025
Closes8th Dec 2025
Allotment9th Dec 2025
Refund10th Dec 2025
Demat10th Dec 2025
Listing11th Dec 2025
Subscription demand
Full bidding ↗Retail2.43×
Total1.41×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 4000 | — |
Company
Incorporated2013
Use of proceeds
| Object | Amount |
|---|---|
| To finance Advertisement expenses towards enhancing the awareness and visibility of brand | ₹3.43 Cr |
| To finance acquisition and installation of Software | ₹3.00 Cr |
| Prepayment or repayment of all or a portion of certain outstanding borrowings availed by Company | ₹2.00 Cr |
| To meet General Corporate Purposes | ₹0.74 Cr |
| Issue Expenses | ₹0.90 Cr |
| Total | ₹10.07 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue4.97₹ Cr · -78.4% vs prior year
EBITDA0.87₹ Cr · -76.5% vs prior year
PAT0.54₹ Cr · -75.6% vs prior year
Assets13.87₹ Cr · +9.3% vs prior year
Net Worth7.07₹ Cr · +8.3% vs prior year
Borrowing4.63₹ Cr · +13.2% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets10.05
Total Income20.37
EBITDA2.29
Profit After Tax1.19
NET Worth4.48
Reserves and Surplus4.47
Total Borrowing3.31
31 Mar 2025
Assets12.69
Total Income22.96
EBITDA3.70
Profit After Tax2.21
NET Worth6.53
Reserves and Surplus2.32
Total Borrowing4.09
30 Jun 2025
Assets13.87
Total Income4.97
EBITDA0.87
Profit After Tax0.54
NET Worth7.07
Reserves and Surplus2.86
Total Borrowing4.63
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 40.18% |
| ROCE | 37.63% |
| Debt / Equity | 0.63% |
| RoNW | 33.86% |
| PAT Margin | 9.73% |
| EBITDA Margin | 16.27% |
| Price to Book Value | 3.62 |
Valuation & shareholding
Pre-IPO EPS5.25
Post-IPO EPS3.61
Pre-IPO P/E10.67
Post-IPO P/E15.51
Promoter holding pre100%
Promoter holding post70.09%
Market cap₹33.67 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Western Overseas Study Abroad IPO | — | 15.51 x | — | — |
| Fusion Klassroom IPO | — | 19.23 x | — | — |
| Sodhani Academy IPO | — | 12.44 x | — | — |
| Docmode Health IPO | — | 9.13 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| To finance Advertisement expenses towards enhancing the awareness and visibility of brand | ₹3.43 Cr |
| To finance acquisition and installation of Software | ₹3.00 Cr |
| Prepayment or repayment of all or a portion of certain outstanding borrowings availed by Company | ₹2.00 Cr |
| To meet General Corporate Purposes | ₹0.74 Cr |
| Issue Expenses | ₹0.90 Cr |
| Total | ₹10.07 Cr |
Registrar & lead managers
Registrar
Skyline Financial Services Pvt.Ltd.Lead managers
- Sobhagya Capital Options Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-10.
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