The SME IPO of Western Overseas Study Abroad is set to conclude its allotment process today. Investors who applied are now eager to know the final allocation and plan their next steps as the company prepares for its listing on the BSE SME.
This IPO attracted attention despite modest subscription levels, reflecting interest from both retail and institutional segments.
Market Performance: Subscription Snapshot
The subscription window ran from Thursday, December 4, to Monday, December 8, and during this period, the IPO witnessed a consistent and stable response from investors.
- Overall subscription: 1.4×
- Retail portion: 2.4×
- QIB portion: Moderate
- NII portion: Balanced
Western Overseas IPO: Company Overview & Use of Proceeds
Western Overseas Study Abroad operates in the overseas education consultancy space. Its SME IPO consisted entirely of a fresh issue of 17,98,000 shares at ₹56 each, generating around ₹10.07 crore.
- Advertising and promotional campaigns to enhance brand presence
- Software acquisition and implementation for operational efficiency
- Repayment of a portion of existing borrowings
- Meeting general corporate requirements
The planned investments focus on building stronger infrastructure and pushing the company’s growth strategy in the education consultancy sector.
Allotment and Listing Timeline
Investors can expect the IPO allotment process to conclude today (Tuesday, December 9). Following this:
- Share credit to demat accounts: Wednesday, December 10
- Refunds for unsuccessful applicants: Wednesday, December 10
- Proposed listing on BSE SME: Thursday, December 11
This timeline ensures a smooth transition from subscription to trading, allowing investors to plan their next steps efficiently.
How to Check Western Overseas IPO Allotment Status
Investors can verify their share allotment using two main channels:
On the Registrar’s Website
- Visit Skyline Financial Services Private Limited's website.
- Select ‘Western Overseas Study Abroad’ from the company dropdown.
- Enter either DPID/Client ID, Folio Number, CAF Number, or PAN.
- Click ‘Search’ to view allotment status.
On the BSE Website
- Visit the BSE Allotment Status Page.
- Select ‘Equity’ in the issue type.
- Choose ‘Western Overseas’ in the issue name dropdown.
- Enter Application Number or PAN.
- Verify using the captcha and click ‘Search’.
Shares allotted will reflect immediately on investors’ demat accounts, ensuring transparency and convenience.
Summary
The Western Overseas SME IPO represents a strategic step for the company to fund expansion, repay borrowings, and enhance operational capabilities. Key highlights:
- IPO size: ₹10.07 crore (fresh issue of 17,98,000 shares)
- Price per share: ₹56
- Subscription: Overall 1.4×, Retail 2.4×
- Allotment finalisation: December 9, 2025
- Share credit & refunds: December 10, 2025
- Proposed BSE SME listing: December 11, 2025
The IPO offers a structured path for investors to participate in a growing overseas education consultancy, combining steady demand with strategic business initiatives.
Easy & quick
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