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Western Overseas Study Abroad Ltd

EducationIPOSME
₹56 - 56
₹56 - 56

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.

Lot2,000Min Invest₹2,24,000Face Value₹10Issue Size₹10 CrFresh Issue₹10 CrListing Price₹55CMP₹23

Timeline

4 Dec
Bidding opens
8 Dec
Bidding closes
9 Dec
Allotment
10 Dec-10 Nov
Refund & demat credit
11 Dec
Listing

Subscription

Subscription opens once dates are announced

Reports

Offer Details

Terms

Issue Size₹10 Cr0.18 Cr shares
Fresh Issue₹10 Cr
Face Value₹10
Lot Size2,000 shares
ReservationNII 50% · RETAIL 50%

Application Sizes

Retail2,24,0001-1 lots
sNII2,24,000from 2 lots
bNII10,08,000from 9 lots

Managers & Registrar

Lead ManagerSobhagya Capital Options Pvt Ltd
RegistrarSkyline Financial Services Pvt

Ownership & Proceeds

Shareholding

CategoryPre IPOPost IPOPromoter Group100%70.1%Public0%29.9%

Objects of the Issue

  1. To finance advertisement expenses towards enhancing the awareness and visibility of the brand
  2. To finance acquisition and installation of software
  3. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by its company
  4. General corporate purposes

Financials

Profit & Loss

Financial YearFY22FY23FY24FY25FY26
RevenueCr910202320
Operating ProfitCr11245
OPM%15.910.811.516.422.2
PBTCr11234
PATCr10123
EPS31355

Balance Sheet

Financial YearFY22FY23FY24FY25FY26
Equity CapitalCr00046
ReservesCr334213
BorrowingsCr00342
Total AssetsCr45101322

Cash Flow

Financial YearFY22FY23FY24FY25FY26
Operating Cash FlowCr11-2-4-2
Investing Cash FlowCr-1-1-10-1
Financing Cash FlowCr00357
Net Cash FlowCr00005

Strengths & Risks

Strengths · as stated in the DRHP
  • 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.
Strategies · as stated in the DRHP
  • Increase in Technology Integration to the Business.
  • Strategic Partnerships to offer more services.
  • Brand Image.
Risks · as stated in the DRHP
  • 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.
  • All of our Branch Office premises are on leased/rental basis.
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