Western Overseas Study Abroad Ltd IPO
Status: Closed
Overview
IPO date
04 Dec 2025 to 08 Dec 2025
Face value
₹ 10 per share
Price
₹ 56 to ₹56 per share
Issue Size
1,798,000 shares
(aggregating up to ₹ 10.07 Cr)
(aggregating up to ₹ 10.07 Cr)
Allotment Date
09 Dec 2025
Listing at
NSE
Issue type
Fixed Price - SME
Sector
Education
Objectives of Western Overseas Study Abroad Ltd IPO
Western Overseas Study Abroad Ltd IPO Strategy
About Western Overseas Study Abroad Ltd
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T&C*
Strengths vs Risks of Western Overseas Study Abroad Ltd
Know the pros & cons
Strengths
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.
Risks
- 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.
- We have to suitably review and update our course and study materials.
- Changes in the foreign Policy on VISA and Immigration may affect our business adversely.
- Political instability or a change in economic liberalization and deregulation policies could seriously harm business and economic conditions in India generally and our business in particular.
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of our Company.
- There are certain discrepancies/errors noticed in some of our corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013 during the last five years. Any penalty or action taken by any regulatory authorizes in future for non-compliance with provisions of corporate and other law could impact the financial position of the Company to that extent.
- We have experienced negative cash flows and any negative cash flows in the future could adversely affect our financial conditions and results of operations.
- The study materials for IELTS, PTE, DUOLINGO, and TOEFL and other courses prepared by us for our students may be copied, which will have an adverse effect on our business and results of operations.
- Reduction in Demand: If a country introduces stricter visa requirements or reduces the number of visas issued to Indian citizens, it can lead to a decrease in demand for visa services from India. This reduction in demand directly impacts the business.
- Rejection of VISA by the foreign Embassy may adversely affect our Reputation, Business and Financial results.
- Fluctuations in foreign currency exchange rates could materially affect our financial results.
- The documents submitted by the clients are verified by the experienced personnel to determine the genuineness of the documents.
- We have not entered into contracts or agreements with few of our Associated Colleges in relation to terms of our appointment. As a result, they may terminate their relationships with us without any notice and without consequence, which could materially and adversely impact our business.
- Our business requires us to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew them in a timely manner may adversely affect our business operations.
- Changes in technology may render our current technologies obsolete or require us to make substantial capital investments.
- The brand name WESTERN OVERSEAS has been registered under the name of our Promoter and Managing Director i.e. Mr. Pardeep Balyan and he has given his NOC for use of such trademark to our Company. Any discontinuance of such authorisation may impact our brand image and overall business of our Company.
- Any failure in our quality of services may adversely affect our business, results of operations and financial condition.
- Any breach of our students' safety and security may negatively impact our reputation, business and financial condition.
- Conflicts of interest may arise out of common pursuits between our Company and entities forming part of promoter group.
- We are subject to risks associated with expansion into new geographic regions.
- We operate in a competitive business environment. Competition from existing players and new entrants and consequent pricing pressures may adversely affect our business, financial condition and results of operations.
- We are heavily dependent on our Promoter and Key Managerial Personnel and Senior Management for the continued success of our business through their continuing services and strategic guidance and support.
- Our Promoters, Directors and Key Management Personnel and Senior Management have interest in our Company, other than reimbursement of expenses incurred or remuneration.
- We have entered into and may continue to enter into related party transactions and there can be no assurance that such transactions have been on favourable terms.
- Failure to effectively manage labour or failure to ensure availability of sufficient labour could affect the business operations of the Company.
- If we are unable to source business opportunities effectively, we may not achieve our financial objectives.
- If we fail to maintain and enhance our brand and reputation, our clients' recognition of, and trust in us, and our business may be materially and adversely affected.
- Our lenders have charge over our movable properties in respect of finance availed by us.
- Our Company has unsecured loans which are repayable on demand. Any demand loan from lenders for repayment of such unsecured loans, may adversely affect our cash flows.
- We have taken guarantees from Promoters in relation to debt facilities provided to us.
- We could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect our financial condition, results of operations and reputation.
- Negative publicity could adversely affect our revenue model and profitability of our Company.
- There are certain discrepancies and non-compliances noticed in some of our financial reporting and/or records relating to filing of various returns and deposit of statutory dues with the taxation and other statutory authorities.
- We are insured for the risks associated with our business activities through Insurance policy.
- The average cost of acquisition of Equity Shares held by our Promoter is lower than the Issue Price.
- Our Company has during the preceding one year from the date of the Draft Prospectus have allotted Equity Shares at a price which is lower than the Issue Price.
- The COVID-19 pandemic, or any future pandemic or widespread public health emergency, could materially and adversely impact our business, financial condition, cash flows and results of operations.
- Our marketing and advertising campaigns may not be successful in increasing the popularity of our services and offerings. Further, we have not yet placed orders in relation to the funding advertisement expenditure to be made for which it is proposed to be financed from the Issue proceeds of the IPO, if our marketing initiatives are not effective, this may adversely affect our business and results of operations.
- We have not made any dividend payments in the past and our ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in our financing arrangements.
- Our inability to manage growth could disrupt our business and reduce profitability. Our Business strategy is to continuously grow by expanding the size and geographical scope of our businesses.
- Our promoter and promoter group will continue to retain significant control over our Company after the IPO.
- Certain key performance indicators for certain listed industry peers included in this Draft Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- There is no monitoring agency appointed by our Company and the deployment of funds are at the discretion of our Management and our Board of Directors, though it shall be monitored by the Audit Committee.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- The Objects of the Issue for which funds are being raised, are based on our management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at our discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".
- We have not independently verified certain data in this Draft Prospectus.
- Any future issue of Equity Shares may dilute your shareholding and sales of our Equity Shares by our Promoters or other major shareholders may adversely affect the trading price of the Equity Shares.
- You may be subject to Indian taxes arising out of capital gains on the sale of our Equity Shares.
- Our inability to manage growth could disrupt our business and reduce profitability. Our Business strategy is to continuously grow by expanding the size and geographical scope of our businesses.
- The Company is dependent on various institutions for its revenue. Any loss of such institutions may has an adverse impact on its business, results of operations and financial conditions.
- The company has experienced negative cash flows and any negative cash flows in the future could adversely affect its financial conditions and results of operations.
- Conflicts of interest may arise out of common pursuits between the Company and entities forming part of promoter group.
- The company generate its major portion of revenue from the company operations in from Global institutions. Any adverse developments affecting its operations in these regions could has an adverse impact on the company revenue and results of operations.
- The company generate its major portion of sales from the company operations from a particular geographical region, Canada, Australia, UK and Germany. Any adverse developments affecting its operations in this country could have an adverse impact on the company revenue and results of operations.
- The company Registered Office is not owned by it. In the event the company lose such rights, its Business, Financial Condition and Results of Operations and Cash Flows could be adversely affected.
- All the company Branch Offices are not owned by it. In the event the company lose such rights, the company Business, Financial Condition and Results of Operations and Cash Flows could be adversely affected.
- The brand name Western Overseas has been registered under the name of the company Promoter and Managing Director i.e. Mr. Pardeep Balyan and he has given his NOC for use of such trademark to the Company. Any discontinuance of such authorisation may impact its brand image and overall business of the Company.
- The restated financial statements has been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
- The company has to suitably review and update its course and study materials, in case its not able to renew or update the company course and study materials, its may not be able to provide latest education to the company clients and accordingly, its client services may be adversely affected and it may adversely affect the company Business, Financial Condition and Results of Operations and Cash Flows.
- Any adverse Changes in the foreign Policy on VISA and Immigration may affect its business and consequently, it can affect the company Business, Financial Condition and Results of Operations and Cash Flows.
- Any adverse Political instability or a change in economic liberalization and deregulation policies could seriously harm business and economic conditions in India generally and the company business in particular and consequently, it can affect its Business, Financial Condition and Results of Operations and Cash Flows.
- There are certain discrepancies/errors noticed in some of the company corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013 during the last five years. Any penalty or action taken by any regulatory authorizes in future for non-compliance with provisions of corporate and other law could impact the financial position of the Company to that extent.
- The study materials for IELTS, PTE, DUOLINGO, and TOEFL and other courses prepared by it for the company students may be copied, which will has an adverse effect on its business and results of operations.
- Reduction in Demand: If a country introduces stricter visa requirements or reduces the number of visas issued to Indian citizens, it can lead to a decrease in demand for visa services from India. This reduction in demand directly impacts the business.
- Rejection of VISA by the foreign Embassy may adversely affect its Reputation, Business and Financial results.
- Fluctuations in foreign currency exchange rates could materially affect the company financial results.
- The documents submitted by the clients are verified by the experienced personnel to determine the genuineness of the documents.
- the company has entered into contracts or agreements with few of the company Associated Colleges in relation to terms of the company appointment. As a result, they may terminate their relationships with it without any notice and without consequence, which could materially and adversely impact its business.
- Its business requires it to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew them in a timely manner may adversely affect its business operations.
- Changes in technology may render the company current technologies obsolete or require it to make substantial capital investments.
- Any failure in its quality of services may adversely affect the company business, results of operations and financial condition.
- Any breach of the company students' safety and security may negatively impact its reputation, business and financial condition.
- Its subject to risks associated with expansion into new geographic regions.
- The company operate in a competitive business environment. Competition from existing players and new entrants and consequent pricing pressures may adversely affect its business, financial condition and results of operations.
- Its heavily dependent on the company Promoter and Key Managerial Personnel and Senior Management for the continued success of its business through their continuing services and strategic guidance and support.
- Its Promoters, Directors and Key Management Personnel and Senior Management have interest in the Company, other than reimbursement of expenses incurred or remuneration.
- The company has entered into and may continue to enter into related party transactions and there can be no assurance that such transactions has been on favorable terms.
- Failure to effectively manage labour or failure to ensure availability of sufficient labour could affect the business operations of the Company.
- If Its unable to source business opportunities to effectively manage the company growth objective could has an adverse effect on its business, results of operations and financial condition.
- If the company fail to maintain and enhance its brand and reputation, the company clients' recognition of, and trust in it, and its business may be materially and adversely affected.
- The company lenders has charge over its movable properties in respect of finance availed by it.
- The Company has unsecured loans which are repayable on demand. Any demand loan from lenders for repayment of such unsecured loans, may adversely affect the company cash flows.
- The company has taken guarantees from Promoters in relation to debt facilities provided to it.
- Its could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect the company financial condition, results of operations and reputation.
- Negative publicity could adversely affect its revenue model and profitability of the Company.
- There are certain discrepancies and non-compliances noticed in some of the company financial reporting and/or records relating to filing of various returns and deposit of statutory dues with the taxation and other statutory authorities.
- The company insured for the risks associated with its business activities through Insurance policy.
- The average cost of acquisition of Equity Shares held by its Promoter is lower than the Issue Price
- The COVID-19 pandemic, or any future pandemic or widespread public health emergency, could materially and adversely impact its business, financial condition, cash flows and results of operations.
- The company marketing and advertising campaigns may not be successful in increasing the popularity of its services and offerings. Further, the company has not yet placed orders in relation to the funding advertisement expenditure to be made for which it is proposed to be financed from the Issue proceeds of the IPO, if our marketing initiatives are not effective, this may adversely affect its business and results of operations.
- The company has not made any dividend payments in the past and its ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in the company financing arrangements.
- Its inability to manage growth could disrupt the company business and reduce profitability. its Business strategy is to continuously grow by expanding the size and geographical scope of the company businesses.
- Its promoter and promoter group will continue to retain significant control over the Company after the IPO.
- Certain key performance indicators for certain listed industry peers included in this Prospectus has been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- The Objects of the Issue for which funds are being raised, are based on its management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at the company discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".
- The company has not independently verified certain data in this Prospect it.
- Any future issue of Equity Shares may dilute your shareholding and sales of its Equity Shares by the company Promoters or other major shareholders may adversely affect the trading price of the Equity Shares.
- You may be subject to Indian taxes arising the company of capital gains on the sale of its Equity Shares.
- Its inability to manage growth could disrupt the company business and reduce profitability. its Business strategy is to continuously grow by expanding the size and geographical scope of the company businesses.
Western Overseas Study Abroad Ltd Peer Comparison
Understand the company’s industry standing
Western Overseas Study Abroad Ltd
Winny Immigration & Education Services Limited
Landmark Global Learning Ltd
Face Value
10
10
10
Standalone / Consolidated
Standalone
Standalone
Standalone
Total Income Rs. Cr.
22.7252
8.1863
37.5783
EPS-Basis
5.25
-22.97
6.37
EPS-Diluted
---
---
---
NAV Per Share
15.49
27.2
40.75
P/E-Basic EPS
10.67
-3.09
8.24
P/E-Diluted EPS
---
---
---
RONW(%)
33.86
-78.48
15.63
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 04 Dec 2025 & closes on 08 Dec 2025.
Western Overseas Study Abroad Limited was originally incorporated as a Private Limited under the name 'Western Overseas Study Abroad Private Limited' vide Certificate of Incorporation issued by Registrar of Companies, NCT of Delhi and Haryana on September 18, 2013. The Company was subsequently converted into a Public Limited Company and the name of the Company was changed to 'Western Overseas Study Abroad Limited' Upon the conversion of the Company to Public Limited, a fresh Certificate of Incorporation dated September 24, 2024 has been issued by Central Processing Centre, Haryana.
The Company started its business operations in 2013 and 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. The Company's vision is to empower the aspiring students of India and fulfil the dreams of the citizens to position themselves in the global landscape.
The Company offers a comprehensive range of professional programs which includes a) Education Consultancy b) Education Loan Guidance and Scholarships c) Admission & filing of application Formalities, d) Training for Language Proficiency Tests, e) Study Visa, tourist Visa etc., Also, it provide Admission support to students right from the time when they enroll with Company. Their team helps students hands on to identify and to create opportunities, provide guidance & support to develop their professional track record & develop an outreach strategy for them which can help them to take career benefits from newly developed skills.
Apart from these, it provides services in Educational and Immigration Consultancy. Their business operations are completely dependent on enrolling students from various jurisdictions into global institutions of higher education which are located in a different jurisdiction. Accordingly, the norms for issuing VISAs, in particular, student VISAs play a significant role into the business operations and their ability to generate revenue is heavily reliant on such legislations. Further, the global institutions of higher education with whom Company collaborate are majorly concentrated in UK, USA, EUROPE, Australia, New Zealand, Ireland and Canada.
'Company launched the IPO of 17,98,000 equity shares of Rs 10 each by raising Rs 10.06 crores through fresh issue on December 8, 2025.
Western Overseas Study Abroad Ltd IPO will close on 08 Dec 2025.
- 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.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Pardeep Balyan | 2528400 | 60 | 2528400 | 42.06 |
| 2 | Rekha Rani | 1685530 | 40 | 1685530 | 28.04 |
| 3 | Deepak Kumar | 14 | --- | 14 | --- |
| 4 | Chander Wati | 14 | --- | 14 | --- |
| 5 | Kanta | 14 | --- | 14 | --- |
| 6 | Sudesh Kumari | 14 | --- | 14 | --- |
| 7 | Ajay Kumar | 14 | --- | 14 | --- |
- 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.
- We have to suitably review and update our course and study materials.
- Changes in the foreign Policy on VISA and Immigration may affect our business adversely.
- Political instability or a change in economic liberalization and deregulation policies could seriously harm business and economic conditions in India generally and our business in particular.
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of our Company.
- There are certain discrepancies/errors noticed in some of our corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013 during the last five years. Any penalty or action taken by any regulatory authorizes in future for non-compliance with provisions of corporate and other law could impact the financial position of the Company to that extent.
- We have experienced negative cash flows and any negative cash flows in the future could adversely affect our financial conditions and results of operations.
- The study materials for IELTS, PTE, DUOLINGO, and TOEFL and other courses prepared by us for our students may be copied, which will have an adverse effect on our business and results of operations.
- Reduction in Demand: If a country introduces stricter visa requirements or reduces the number of visas issued to Indian citizens, it can lead to a decrease in demand for visa services from India. This reduction in demand directly impacts the business.
- Rejection of VISA by the foreign Embassy may adversely affect our Reputation, Business and Financial results.
- Fluctuations in foreign currency exchange rates could materially affect our financial results.
- The documents submitted by the clients are verified by the experienced personnel to determine the genuineness of the documents.
- We have not entered into contracts or agreements with few of our Associated Colleges in relation to terms of our appointment. As a result, they may terminate their relationships with us without any notice and without consequence, which could materially and adversely impact our business.
- Our business requires us to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew them in a timely manner may adversely affect our business operations.
- Changes in technology may render our current technologies obsolete or require us to make substantial capital investments.
- The brand name WESTERN OVERSEAS has been registered under the name of our Promoter and Managing Director i.e. Mr. Pardeep Balyan and he has given his NOC for use of such trademark to our Company. Any discontinuance of such authorisation may impact our brand image and overall business of our Company.
- Any failure in our quality of services may adversely affect our business, results of operations and financial condition.
- Any breach of our students' safety and security may negatively impact our reputation, business and financial condition.
- Conflicts of interest may arise out of common pursuits between our Company and entities forming part of promoter group.
- We are subject to risks associated with expansion into new geographic regions.
- We operate in a competitive business environment. Competition from existing players and new entrants and consequent pricing pressures may adversely affect our business, financial condition and results of operations.
- We are heavily dependent on our Promoter and Key Managerial Personnel and Senior Management for the continued success of our business through their continuing services and strategic guidance and support.
- Our Promoters, Directors and Key Management Personnel and Senior Management have interest in our Company, other than reimbursement of expenses incurred or remuneration.
- We have entered into and may continue to enter into related party transactions and there can be no assurance that such transactions have been on favourable terms.
- Failure to effectively manage labour or failure to ensure availability of sufficient labour could affect the business operations of the Company.
- If we are unable to source business opportunities effectively, we may not achieve our financial objectives.
- If we fail to maintain and enhance our brand and reputation, our clients' recognition of, and trust in us, and our business may be materially and adversely affected.
- Our lenders have charge over our movable properties in respect of finance availed by us.
- Our Company has unsecured loans which are repayable on demand. Any demand loan from lenders for repayment of such unsecured loans, may adversely affect our cash flows.
- We have taken guarantees from Promoters in relation to debt facilities provided to us.
- We could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect our financial condition, results of operations and reputation.
- Negative publicity could adversely affect our revenue model and profitability of our Company.
- There are certain discrepancies and non-compliances noticed in some of our financial reporting and/or records relating to filing of various returns and deposit of statutory dues with the taxation and other statutory authorities.
- We are insured for the risks associated with our business activities through Insurance policy.
- The average cost of acquisition of Equity Shares held by our Promoter is lower than the Issue Price.
- Our Company has during the preceding one year from the date of the Draft Prospectus have allotted Equity Shares at a price which is lower than the Issue Price.
- The COVID-19 pandemic, or any future pandemic or widespread public health emergency, could materially and adversely impact our business, financial condition, cash flows and results of operations.
- Our marketing and advertising campaigns may not be successful in increasing the popularity of our services and offerings. Further, we have not yet placed orders in relation to the funding advertisement expenditure to be made for which it is proposed to be financed from the Issue proceeds of the IPO, if our marketing initiatives are not effective, this may adversely affect our business and results of operations.
- We have not made any dividend payments in the past and our ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in our financing arrangements.
- Our inability to manage growth could disrupt our business and reduce profitability. Our Business strategy is to continuously grow by expanding the size and geographical scope of our businesses.
- Our promoter and promoter group will continue to retain significant control over our Company after the IPO.
- Certain key performance indicators for certain listed industry peers included in this Draft Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- There is no monitoring agency appointed by our Company and the deployment of funds are at the discretion of our Management and our Board of Directors, though it shall be monitored by the Audit Committee.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- The Objects of the Issue for which funds are being raised, are based on our management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at our discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".
- We have not independently verified certain data in this Draft Prospectus.
- Any future issue of Equity Shares may dilute your shareholding and sales of our Equity Shares by our Promoters or other major shareholders may adversely affect the trading price of the Equity Shares.
- You may be subject to Indian taxes arising out of capital gains on the sale of our Equity Shares.
- Our inability to manage growth could disrupt our business and reduce profitability. Our Business strategy is to continuously grow by expanding the size and geographical scope of our businesses.
- The Company is dependent on various institutions for its revenue. Any loss of such institutions may has an adverse impact on its business, results of operations and financial conditions.
- The company has experienced negative cash flows and any negative cash flows in the future could adversely affect its financial conditions and results of operations.
- Conflicts of interest may arise out of common pursuits between the Company and entities forming part of promoter group.
- The company generate its major portion of revenue from the company operations in from Global institutions. Any adverse developments affecting its operations in these regions could has an adverse impact on the company revenue and results of operations.
- The company generate its major portion of sales from the company operations from a particular geographical region, Canada, Australia, UK and Germany. Any adverse developments affecting its operations in this country could have an adverse impact on the company revenue and results of operations.
- The company Registered Office is not owned by it. In the event the company lose such rights, its Business, Financial Condition and Results of Operations and Cash Flows could be adversely affected.
- All the company Branch Offices are not owned by it. In the event the company lose such rights, the company Business, Financial Condition and Results of Operations and Cash Flows could be adversely affected.
- The brand name Western Overseas has been registered under the name of the company Promoter and Managing Director i.e. Mr. Pardeep Balyan and he has given his NOC for use of such trademark to the Company. Any discontinuance of such authorisation may impact its brand image and overall business of the Company.
- The restated financial statements has been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
- The company has to suitably review and update its course and study materials, in case its not able to renew or update the company course and study materials, its may not be able to provide latest education to the company clients and accordingly, its client services may be adversely affected and it may adversely affect the company Business, Financial Condition and Results of Operations and Cash Flows.
- Any adverse Changes in the foreign Policy on VISA and Immigration may affect its business and consequently, it can affect the company Business, Financial Condition and Results of Operations and Cash Flows.
- Any adverse Political instability or a change in economic liberalization and deregulation policies could seriously harm business and economic conditions in India generally and the company business in particular and consequently, it can affect its Business, Financial Condition and Results of Operations and Cash Flows.
- There are certain discrepancies/errors noticed in some of the company corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013 during the last five years. Any penalty or action taken by any regulatory authorizes in future for non-compliance with provisions of corporate and other law could impact the financial position of the Company to that extent.
- The study materials for IELTS, PTE, DUOLINGO, and TOEFL and other courses prepared by it for the company students may be copied, which will has an adverse effect on its business and results of operations.
- Reduction in Demand: If a country introduces stricter visa requirements or reduces the number of visas issued to Indian citizens, it can lead to a decrease in demand for visa services from India. This reduction in demand directly impacts the business.
- Rejection of VISA by the foreign Embassy may adversely affect its Reputation, Business and Financial results.
- Fluctuations in foreign currency exchange rates could materially affect the company financial results.
- The documents submitted by the clients are verified by the experienced personnel to determine the genuineness of the documents.
- the company has entered into contracts or agreements with few of the company Associated Colleges in relation to terms of the company appointment. As a result, they may terminate their relationships with it without any notice and without consequence, which could materially and adversely impact its business.
- Its business requires it to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew them in a timely manner may adversely affect its business operations.
- Changes in technology may render the company current technologies obsolete or require it to make substantial capital investments.
- Any failure in its quality of services may adversely affect the company business, results of operations and financial condition.
- Any breach of the company students' safety and security may negatively impact its reputation, business and financial condition.
- Its subject to risks associated with expansion into new geographic regions.
- The company operate in a competitive business environment. Competition from existing players and new entrants and consequent pricing pressures may adversely affect its business, financial condition and results of operations.
- Its heavily dependent on the company Promoter and Key Managerial Personnel and Senior Management for the continued success of its business through their continuing services and strategic guidance and support.
- Its Promoters, Directors and Key Management Personnel and Senior Management have interest in the Company, other than reimbursement of expenses incurred or remuneration.
- The company has entered into and may continue to enter into related party transactions and there can be no assurance that such transactions has been on favorable terms.
- Failure to effectively manage labour or failure to ensure availability of sufficient labour could affect the business operations of the Company.
- If Its unable to source business opportunities to effectively manage the company growth objective could has an adverse effect on its business, results of operations and financial condition.
- If the company fail to maintain and enhance its brand and reputation, the company clients' recognition of, and trust in it, and its business may be materially and adversely affected.
- The company lenders has charge over its movable properties in respect of finance availed by it.
- The Company has unsecured loans which are repayable on demand. Any demand loan from lenders for repayment of such unsecured loans, may adversely affect the company cash flows.
- The company has taken guarantees from Promoters in relation to debt facilities provided to it.
- Its could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect the company financial condition, results of operations and reputation.
- Negative publicity could adversely affect its revenue model and profitability of the Company.
- There are certain discrepancies and non-compliances noticed in some of the company financial reporting and/or records relating to filing of various returns and deposit of statutory dues with the taxation and other statutory authorities.
- The company insured for the risks associated with its business activities through Insurance policy.
- The average cost of acquisition of Equity Shares held by its Promoter is lower than the Issue Price
- The COVID-19 pandemic, or any future pandemic or widespread public health emergency, could materially and adversely impact its business, financial condition, cash flows and results of operations.
- The company marketing and advertising campaigns may not be successful in increasing the popularity of its services and offerings. Further, the company has not yet placed orders in relation to the funding advertisement expenditure to be made for which it is proposed to be financed from the Issue proceeds of the IPO, if our marketing initiatives are not effective, this may adversely affect its business and results of operations.
- The company has not made any dividend payments in the past and its ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in the company financing arrangements.
- Its inability to manage growth could disrupt the company business and reduce profitability. its Business strategy is to continuously grow by expanding the size and geographical scope of the company businesses.
- Its promoter and promoter group will continue to retain significant control over the Company after the IPO.
- Certain key performance indicators for certain listed industry peers included in this Prospectus has been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- The Objects of the Issue for which funds are being raised, are based on its management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at the company discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".
- The company has not independently verified certain data in this Prospect it.
- Any future issue of Equity Shares may dilute your shareholding and sales of its Equity Shares by the company Promoters or other major shareholders may adversely affect the trading price of the Equity Shares.
- You may be subject to Indian taxes arising the company of capital gains on the sale of its Equity Shares.
- Its inability to manage growth could disrupt the company business and reduce profitability. its Business strategy is to continuously grow by expanding the size and geographical scope of the company businesses.
The Issue type of Western Overseas Study Abroad Ltd is Fixed Price - SME.
The minimum application for shares of Western Overseas Study Abroad Ltd is 4000.
The total shares issue of Western Overseas Study Abroad Ltd is 1798000.
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.