Western Overseas Study Abroad IPO: Key details
Western Overseas Study Abroad, a North India-based education and immigration consultancy, is opening its IPO on December 4.
They're looking to raise ₹10.07 crore by offering 17.98 lakh shares at ₹56 each, with applications open to investors until December 8.
The minimum investment is set at 4,000 shares (₹2.24 lakh).
What does the company do?
Since 2013, Western Overseas has helped students prep for language tests like IELTS and TOEFL, plus offers courses in French, German, and Spanish.
With branches across Punjab, Haryana, Delhi, Chandigarh, and Madhya Pradesh, they also guide students through visas and occasionally provide scholarship assistance for studying or working abroad.
Other details
IPO allotment wraps up on December 9 and the company plans to list on the BSE SME platform by December 11.
Funds from the IPO will go toward advertising (₹3.43 crore), software upgrades (₹3 crore), paying off debt (₹2 crore), and other business needs—basically fueling their next phase of growth.