Market & News

Registered Office: Ground Floor-1st Floor S.C.F,#27-28 Vikas Vihar Ambala City, Ambala - 134003, Haryana, India.
Phone : +91-171-3500064   Fax:
Email :  info@western-overseas.com  
Website :  www.western-overseas.com

Initial public offer of upto 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 upto 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 upto 29.91% and 28.41% respectively of the post issue paid up equity share capital of the company.