Description

BSE announces the listing of 60,12,000 equity shares of Western Overseas Study Abroad Limited with varying lock-in periods ranging from free trading to December 2028.

Summary

BSE has listed 60,12,000 fully paid equity shares of Western Overseas Study Abroad Limited (CIN: U80903HR2013PLC05043). The shares have been allocated across four distinct lock-in categories with varying restriction periods, with the earliest lock-in expiring on December 14, 2026, and the longest extending to December 14, 2028.

Key Points

  • Total equity shares listed: 60,12,000 (all fully paid)
  • Four categories of shares with different lock-in periods
  • 17,98,000 shares are free from lock-in restrictions
  • Lock-in commencement date: December 3, 2025
  • Company registered in Haryana, engaged in educational services sector

Lock-in Period Details

Category 1 (Distinctive Numbers 1 to 12,10,000)

  • Number of shares: 12,10,000
  • Lock-in period: December 3, 2025 to December 14, 2028 (3 years)

Category 2 (Distinctive Numbers 12,10,001 to 27,12,765)

  • Number of shares: 15,02,765
  • Lock-in period: December 3, 2025 to December 14, 2027 (2 years)

Category 3 (Distinctive Numbers 27,12,766 to 42,14,000)

  • Number of shares: 15,01,235
  • Lock-in period: December 3, 2025 to December 14, 2026 (1 year)

Category 4 (Distinctive Numbers 42,14,001 to 60,12,000)

  • Number of shares: 17,98,000
  • Status: Free from lock-in (immediately tradeable)

Company Information

  • Company Name: Western Overseas Study Abroad Limited
  • CIN: U80903HR2013PLC05043
  • Chairperson & Managing Director: Pardeep Balyan (DIN: 06594346)
  • Location: Ambala, Haryana
  • Sector: Educational Services (overseas study consultancy)

Important Dates

  • Listing Date: December 10, 2025
  • Lock-in Start Date: December 3, 2025
  • First Lock-in Expiry: December 14, 2026 (Category 3)
  • Second Lock-in Expiry: December 14, 2027 (Category 2)
  • Final Lock-in Expiry: December 14, 2028 (Category 1)

Impact Assessment

This listing has minimal market-wide impact as it pertains to a single company in the education services sector. The staggered lock-in structure suggests a typical post-IPO or promoter shareholding arrangement. Approximately 30% of the total listed shares (17,98,000 out of 60,12,000) are immediately available for trading, while the remaining 70% will gradually unlock over the next three years. This phased unlock mechanism helps prevent sudden supply shocks in the stock price.

Impact Justification

Routine equity listing announcement with lock-in details for a specific company, affecting only investors in Western Overseas Study Abroad Limited