IPO

Jaro Institute of Technology Management & Research Limited IPO

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E-Learning

Listed On: Sep 30, 2025 at ₹ 890.0(NSE)

₹ 14240 /16 Shares

Check Allotment

23 Sep, 2025

Open Date

25 Sep, 2025

Close Date

26 Sep, 2025

Allotment Date

30 Sep, 2025

Listing Date
Price Summary

Last Closing

627.20 (-29.53%)

52 Week High

890.00

52 Week Low

595.60

Last Update

31-Oct-2025 3:30 PM
Jaro Institute IPO Live Subscription Details
View Subscription Details
QIB 37.19x
Retail 9.16x
NIIs 37.32x
BHNI 35.59x
SHNI 40.78x
Retail 9.16x
Total 23.21x
Last updated: 25 Sep 2025, 06:55 PM
Jaro Institute IPO Issue Details
  • Issue Price ₹846-₹890 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 50,56,177 shares(aggregating up to ₹450 crore)
  • Fresh Share 19,10,112 shares(aggregating up to ₹170 crore)
  • Offer For Sale 31,46,067 shares(aggregating up to ₹280 crore)
  • Listing at BSE, NSE
  • List Price 890.0(NSE)
  • Listing Date 2025-09-30
  • Lead Manager Nuvama Wealth Management Ltd
    Motilal Oswal Investment Advisors Ltd
    Systematix Corporate Services Ltd
  • Registrar Bigshare Services Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 16 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min) 116₹14,240
Retail(max)13208₹1,85,120
SHNI(min) 15240₹2,13,600
SHNI(max) 701,120₹9,96,800
BHNI(min) 711,136₹10,11,040
Jaro Institute IPO Reservation

Jaro Institute IPO offers total 50,56,177 shares. Out of which 10,11,236 (50%) allocated to QIB, 7,58,427 (15%) allocated to NII,17,69,662 (35%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
QIB Shares Offered10,11,236 (50%)
NII (HNI) Shares Offered7,58,427 (15%)
bNII < ₹10L505618 (NA%)
sNII < ₹10L252809 (NA%)
Retail Shares Offered17,69,662 (35%)
Total Shares Offered50,56,177 (100%)
Jaro Institute IPO Documents
DRHP
RHP
ANCHOR
Jaro Institute IPO Details


Jaro Institute IPO is a book-built issue of ₹450 crores, The total issue size is ₹450 crores. The IPO of Jaro Institute is priced at ₹846-890 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Sep 23, 2025 and ends on Sep 25, 2025. The allotment for Jaro Institute IPO will be finalized on Sep 26, 2025. Jaro Institute IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 30, 2025. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt.Ltd. is the registrar of the issue.

Retail investors can bid for a minimum of 16 shares, extendable to 14,240. S-HNIs will be able to bid for 240 shares at ₹2,13,600, while B-HNIs can also apply for a bid of 1,136 shares at ₹10,11,040. The book-running lead manager for the IPO is/are Nuvama Wealth Management Ltd, Motilal Oswal Investment Advisors Ltd, Systematix Corporate Services Ltd.

The total issue ₹450 crore, comprising a fresh issue of 19,10,112 shares ₹170 crore and having Offer for Sale (OFS) of 31,46,067 shares to mop up ₹280 crore.

The Jaro Institute IPO sets its price band at 846-890 for each share. A single application for Jaro Institute of Technology Management & Research Limited IPO must contain at least 16 shares. Sentiment investors need to invest a minimum of 16 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,240 In order to participate in the sNII, investors must purchase at least 15 lots of 240 shares for ₹2,13,600, while the bNII requires 71 lots of 1,136 shares for an investment of ₹10,11,040.

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Jaro Institute IPO Subscription Analysis And Details
Retail
9.16x
QIB
37.19x
NII
37.32x
bNII
35.59x
sNII
40.78x
Total
23.21x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved10,11,2367,58,427
5,05,618    2,52,809		17,69,66335,39,326
Day 1 23-09-25 05:00 PM
0.49 x1.91
3.27 x   1.00 x		0.73 x0.92 x
Day 2 24-09-25 05:00 PM
0.71 x3.67
3.51 x   3.99 x		2.12 x2.05 x
Day 3 25-09-25 05:00 PM
37.19 x37.32
35.59 x   40.78 x		9.16 x23.21 x
Total No of Applications
9,83,384
Subscription on the basis of Applications
Retail:8.37x BHNI:6.93x SHNI:40.18x
Jaro Institute Valuations
EPS Pre IPO ₹25.52
EPS Post IPO ₹23.32
P/E Pre IPO 34.88
P/E Post IPO 38.17
ROE 35.76%
ROCE 37.38%
Debt/Equity 0.30
RoNW 30.12%
PAT Margin 20.34%
EBITDA Margin 33.13%
Price to Book Value 10.50
Jaro Institute Company Financials
In Crs.
In Cr.
31-Mar-2531-Mar-2431-Mar-23
Assets276.70201.76175.75
Revenue254.02202.57124.59
Profit After Tax51.6738.0111.42
Net Worth171.5537.9711.65
Reserves & Surplus151.31117.4383.57
Total Borrowing51.1124.8537.77
About Jaro Institute Company

Incorporated in the year 2009, Jaro Institute of Technology Management and Research Limited (Jaro Education) is an online higher education business. The business has a pan-India reach of more than 22 office-cum-learning centres in key cities for offline learning, in addition to 17 immersive tech studio set-ups within the campuses of different IIMs, Jaro Education service a total of 34 Partner Institutions, as of March 31, 2025.

The company's list of 36 partners includes top-tier Partner Institutions both within India and across the world, including IITs, IIMs and top global institutions like Swiss School of Management and Rotman School of Management, University of Toronto, and leading corporates, out of which 29 institutions have achieved the honor of being counted among the top 100 partners in their respective streams by NIRF, as of 2025.

Jaro Education has also gained appreciation from Symbiosis International (Deemed University), IITs and IIMs for assisting them in technology and infrastructure support for delivery of lectures, marketing and promotion and student acquisitions and support.

As of March 31, 2025, the company provides a total of 268 Degree courses and programs, such as Doctor of Business Administration ("D.B.A."), Master of Business Administration ("M.B.A."), Master of Commerce ("M.Com."), Master of Arts ("M.A.), Post Graduate Diploma in Management ("P.G.D.M."), Master of Computer Applications ("M.C.A."), Bachelor of Commerce ("B.Com."), Bachelor of Computer Applications ("BCA") and other degree courses.

Provides online, hybrid and on-campus certification programs in management, fintech, data science, business analytics, design thinking and digital marketing. It has associations with 36 Partner Institutions, including 16 Tier-1 Indian universities and institutions, (7 IIMs, 7 IITs, and 15 Tier-2 Universities).

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Jaro Institute - Promoter(s)

Sanjay Namdeo Salunkhe

Balkrishna Namdeo Salunkhe

Pre Issue Share Holding : 78.28%

Post Issue Share Holding : 57.32%

Jaro Institute IPO - Issue Objectives
1

Marketing, brand building and advertising activities: ₹81.00 Cr

2

Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company: ₹48.00 Cr

3

General corporate purposes

Jaro Institute IPO - Anchor Investors

Jaro Education raises Rs 135 crore through anchor book of Rs 450 crore IPO.

Total 15 institutional investors bought the anchor book which comprises asset management companies such as Whiteoak Capital, and ITI Mutual Fund bought Rs 21.49 crore for 2.41 lakh shares in Jaro Education.

Citi Group, Nomura Singapore, Abbakus Asset Manager, Singularity Equity Fund, 360 ONE, and Societe Generale additionally invested in the firm via anchor book.

Contact Details

Jaro Institute

11th Floor, Vikas Centre, Dr. C.G. Road, Chembur – East, Mumbai, Maharashtra, 400074

022 2520 5763

cs@jaro.in

https://www.jaroeducation.com/

Registrar Contact Details

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO%5FStatus.html