Western Overseas Study Abroad Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Western Overseas Study Abroad Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹56
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,12,000
Issue Size
₹10.07 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Western Overseas Study Abroad Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
70.09%
Issue Type
Fixed Price - SME
ISIN
INE1MF401019
About the Company
Incorporated in 2013, our Company, "Western Overseas Study Abroad Limited" is engaged in providing educational and immigration advisory services, offering visa advice and training, language training (IELTS, TOEFL, PTE, CELPIP, DUOLINGO etc) 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. Our Company provides a one-stop solution to the students and customers predominantly from various parts of Punjab, Chandigarh and Haryana, Delhi And Madhya Pradesh. The Company's vision is to empower the aspiring students of India and fulfil the dreams of the citizens to position themselves successfully in the global landscape.
Industry Overview
The services sector of India remains the engine of growth for India's economy and contributed 55% to India's Gross Value Added at current prices in FY24 (as per advance estimates). As per the First Advance Estimates, Gross Value Added (GVA) in the services sector is estimated to grow at 10.7% in FY24, driven by 6.3% growth in the contact-intensive services sector. The services category ranked first in FDI inflows, as per data released by the Department for Promotion of Industry and Internal Trade (DPIIT). The services industry performed well in H1: 2023-24, driven by Construction segment. India's services sector GVA increased YoY by 11.43% to Rs. 72.69 trillion (US$ 871.59 billion) in FY24 (April-September), from Rs. 68.81 trillion (US$ 1,005.30 billion) in FY16. The sector provides employment to a large share of Indian population. The service sector has the highest employment generator rate. During October-December 2023, India experienced a 5.1% YoY to US$ 87.7 billion with a trade surplus of US$ 44.9 billion, growth in services exports, driven by software, business, and travel. The services sector has seen some developments, investments, and support from the Government in the recent past. As per the First Advance Estimates, Gross Value Added (GVA) in the services sector is estimated to grow at 9.1% in FY23, driven by 13.7% growth in the contact-intensive services sector. The PMI services increased in June 2024, to reach at 60.5. PMI for services continued to expand, but at a slower pace. India has climbed to the 39th position out of 133 economies in the Global Innovation Index (GII) 2024, according to the World Intellectual Property Organization (WIPO). Nearly half of the new jobs generated in FY23 are within the service sector, particularly in Information Technology (IT), banking, and finance segments. India's service exports stood at US$ 339.6 billion, whereas imports stood at US$177.56 billion in 2023-24. The services trade surplus for 2023-24 is expected to be US$ 162.0 billion. India's service exports stood at US$ 322.72 billion, whereas imports stood at US$ 177.94 billion in April-March 2022-23. The services category in India attracted cumulative Foreign Direct Investments (FDIs) worth US$ 113.49 billion between April 2000 to June 2024. According to RBI's Scheduled Banks' Statement, deposits of all scheduled banks collectively surged by a whopping Rs 2.11 lakh crore (US$ 2,544 billion) as on July 12th 2024. India's medical tourism industry is poised for a robust resurgence, with projections indicating a significant rebound in the number of medical tourists surpassing pre-pandemic levels. Approximately 7.3 million medical tourists are expected to visit India in the calendar year 2024. The telemedicine market is expected to reach US$ 5.4 billion by 2025, driven by increased demand for remote healthcare solutions and advancements in technology.
Company History
Our Company was originally incorporated at Haryana as "Western Overseas Study Abroad Private Limited" on 18th September, 2013 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Consequent upon the conversion of our Company to public limited company, the name of our Company was changed to "Western Overseas Study Abroad Limited" vide fresh certificate of incorporation dated 24th September, 2024 issued by the Registrar of Companies, Central Processing Centre.
Products & Services
- The Company is engaged in providing educational and immigration advisory services, offering visa advice and training, language training and Foreign languages like French, German, Spanish, consulting services.
Growth Strategy
- Increase in Technology Integration to the Business.
- Strategic Partnerships to offer more services.
- Brand Image.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 17,98,000 equity shares of face value of Rs. 10/- each ("equity shares") of Western Overseas Study Abroad Limited ("company" or the "issuer") for cash at a price of Rs. 56.00/- per equity share including a share premium of Rs. 46.00/- per equity share (the "issue price") aggregating to Rs. 10.07 crores ("the issue") of which up to 90,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 56.00/- per equity share including a share premium of Rs. 46.00/- per equity share aggregating to Rs. 0.50 crores will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less the market maker reservation portion i.e. net issue of 17,08,000 equity shares of face value of Rs. 10/- each at a price of Rs.56.00/- per equity share including a share premium of Rs. 46.00/- per equity share aggregating to Rs. 9.56 crores (the "net issue"). The issue and the net issue will constitute up to 29.91% and 28.41% respectively of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Management team having domain knowledge to scale up and expand into new opportunities.
- Customization Expertise.
- Range of services under one Roof.
- Clear and Transparent Terms.
- Experience of our Promoters and senior management team.
- There are outstanding litigation proceedings involving the Company, its Promoters, KMP/SMP an adverse outcome in which, may has an adverse impact on its reputation, business, financial condition, results of operations and cash flows.
- Our Company is dependent on various institutions for our revenue. Any loss of such institutions may have an adverse impact on our business, results of operations and financial conditions.
- We generate our major portion of revenue from our operations in from Global institutions. Any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
- We generate our major portion of sales from our operations from a particular geographical region, Canada, Australia, UK and Germany. Any adverse developments affecting our operations in this country could have an adverse impact on our revenue and results of operations.
- We do not own registered office premises.