The IPO of Western Overseas Study Abroad is listing today on the BSE SME platform.
📌 IPO & Listing Details
- The IPO was a fixed-price issue of ₹10.07 crore, with shares offered at ₹56 each.
- Issue size: ~1.8 million shares — all fresh issue (no offer-for-sale).
- Lot size for retail investors was 2,000 shares (minimum investment ~₹2.24 lakh).
- Allotment was completed earlier; listing date set for 11 December 2025.
📉 Investor Sentiment & GMP (Grey Market Premium)
- Ahead of listing, grey-market activity shows 0% GMP — meaning no premium over the issue price; market expectations are for a flat to modest listing.
- Subscriptions were modest: overall subscription ~1.39× by close.
🔎 Company & IPO Background
- Western Overseas Study Abroad is an education & immigration consultancy firm — services include overseas-education counselling, visa assistance, foreign-language and test-prep training, etc.
- IPO proceeds will be used for marketing, software acquisitions, repayment of certain outstanding borrowings, and general corporate purposes.
✅ What to Watch Today
- Given muted GMP and modest subscription, listing gains may be limited; investors should temper expectations of a big “listing pop.”
- For long-term investors, valuation metrics (P/E ~10.7, ROE ~34–40%) could be attractive — but the business is small and niche, so growth prospects, scalability and fundamentals should be assessed carefully before betting for the long haul.
