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Jaro Institute of Technology Management and Research Limited

Jaro Institute of Technology Management & Research Ltd. (Jaro Education) launched a book-built IPO with a total issue size of ₹450.00 crore. The issue comprises a fresh issue of 0.19 crore shares aggregating to ₹170.00 crore, along with an offer for sale of 0.31 crore shares amounting to ₹280.00 crore.

The IPO was open for subscription from September 23, 2025, to September 25, 2025, with the allotment finalized on September 26, 2025. The shares were subsequently listed on BSE and NSE on September 30, 2025.

The price band for the IPO was set at ₹890 per share. The minimum application lot for retail investors was 16 shares, requiring a minimum investment of ₹14,240 at the upper price. For non-institutional investors:

sNII (Small NII): 15 lots (240 shares) amounting to ₹2,13,600

bNII (Big NII): 71 lots (1,136 shares) amounting to ₹10,11,040

Nuvama Wealth Management Ltd. served as the book-running lead manager, while Bigshare Services Pvt. Ltd. acted as the registrar for the issue.

Jaro Education Limited IPO & Charts
₹890

0%

Open

₹890

HIgh - Low

₹890

Previous Close

₹890

Total Traded Value

0

52 Weeks High

₹890

52 Weeks Low

₹890

Updates On

Sep 15, 2025

IPO. Open

Sep 23, 2026

IPO. Close

Sep 25, 2026

IPO. Price

₹890.00

IPO Market price

₹1,971.91 Cr

IPO Details

IPO Date 30 Sep
IPO Listing Date 30 Sep
IPO Face Value ₹10.00 per share
IPO Price Range ₹890.00
IPO Issue Size 50,56,179 shares
IPO Sale Type Fresh Capital & OFS
Employee Discount -
IPO Issue Type Book Building IPO
IPO Listing BSE, NSE Platform
Share Holding Pre Issue 2,02,46,177 shares

IPO Timeline

IPO Open Date 23 Sep
IPO Close Date 25 Sep
IPO Allotment (Tentative) 26 Sep
Refunds 29 Sep
Credit to Demat Account 29 Sep
IPO Listing Date 30 Sep

IPO Reservation

Category Offer
QIB Shares Offered 10,63,829 Shares
NII (HNI) Shares Offered 7,97,873 Shares
Retail Shares Offered 18,61,702 Shares

IPO Lot Size

Investors can bid for a minimum of 16 shares, with additional shares to be purchased in multiples of 16.

Application Lots Share Amount
Retail (Min) 1 16 ₹14,240
Retail (Max) 14 224 ₹1,99,360
S-HNI (Min) 15 240 ₹2,13,600
S-HNI (Max) 70 2,814 ₹9,96,800
B-HNI (Min) 71 2,856 ₹10,11,040
About Company

As of March 31, 2025, Jaro Education has established a pan-India presence with over 22 offices-cum-learning centres across major cities to support offline learning, along with 17 immersive technology studio setups located within various IIM campuses. Through this extensive infrastructure, the company partners with 36 institutions across the country.

Jaro Education offers and facilitates a wide range of online degree programs, including DBA, MBA, M.Com, M.A., PGDM, MCA, M.Sc, B.Com, and BCA, as well as cross-disciplinary certification courses. These programs are delivered in collaboration with 36 partner institutions, which collectively offered 268 degree programs and certification courses as of March 31, 2025. Jaro’s role includes marketing, enrollment, and learner support for these offerings.

As of March 31, 2025, the company employed 860 professionals.

Business Strengths

Market-leading position in the online higher education and upskilling segment

End-to-end solutions for partner institutions and learners

High revenue visibility supported by long-term, strong institutional relationships

Proven track record in enabling the delivery of high-quality and diversified academic programs

Strong focus on technology and digital platforms to enhance learning outcomes

Experienced senior management team with deep industry knowledge and a successful execution history

-

Company Financials (Consolidated)

Assets 276.7 - -
Total Income 254.02 - -
Profit After Tax 51.67 - -
EBITDA 83.58 - -
NET Worth 171.55 - -
Reserves and Surplus 151.31 - -
Total Borrowing 51.11 - -

Key Performance Indicator (KPI)

ROE 35.76%
ROCE 37.38%
Debt/Equity 0.3
RoNW 30.12%
PAT Margin 20.34%
EBITDA Margin 33.13%
Price to Book Value 10.5
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement -
3 To meet out the General Corporate Purposes; 30.15
4 Offer for Sale (OFS) -

Contact Details

Jaro Institute of Technology Management & Research Ltd. Address
11th Floor, Vikas Centre,
Dr. C.G. Road,
Chembur – East,
Mumbai, Maharashtra, 400074
Phone: 022 2520 5763
Email: cs@jaro.in
Website: https://www.jaroeducation.com/

Detail Registrar

IPO Registrar
Bigshare Services Pvt.Ltd.

+91-22-6263 8200
ipo@bigshareonline.com

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