Jaro Institute IPO
Open MainLineCurrent GMP
₹43 (+4.83%)
Price Band
₹ 846 – 890
Lot Size
16
Issue Size
₹450 Cr
Minimum Investment
₹14240 (16 Shares)
Listing Date
30 September 2025
Subscription
22.06x
About the Company
Incorporated in 2009, Jaro Institute of Technology Management and Research Limited (Jaro Education) is a leading online higher education company in India. The company operates with a pan-India presence of 22 offices-cum-learning centres across major cities to support offline learning, and has also established 15 immersive technology studios within various IIM campuses.
As of March 31, 2024, Jaro Education collaborates with 34 Partner Institutions in India and abroad. These include premier Indian institutions such as the IITs and IIMs, as well as reputed international schools like the Swiss School of Management and the Rotman School of Management, University of Toronto. Notably, 24 of these partner institutions are ranked among the top 100 in their respective streams by NIRF (2024).
The company has earned recognition from institutions such as Symbiosis International (Deemed University), IITs, and IIMs for providing technology and infrastructure support in lecture delivery, marketing, promotion, student acquisition, and overall learning support.
Academic Offerings
Jaro Education offers a wide portfolio of academic and professional programs, including:
- Degree Programs (in partnership with 13 Indian universities, 9 of which are ranked in the top 100 by NIRF, 2024):
- 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 (B.C.A.)
- Other specialised degree programs
- Certification Programs (delivered online, hybrid, or in-person in partnership with 21 institutes, including 7 IIMs, 6 IITs, and 2 other top 100 NIRF-ranked institutions, as of March 31, 2024):
- Management
- Fintech
- Data Science
- Business Analytics
- Design Thinking
- Digital Marketing
Promoters
- Sanjay Namdeo Salunkhe
- Balkrishna Namdeo Salunkhe
Promoters Holding
Holding Pre Issue
78.29%
Holding Post Issue
57.32%
Objects of the Issue
The Company Jaro Institute IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Marketing, brand building and advertising activities
- Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company
- General corporate purposes
Address / Contact Info
Jaro Institute of Technology Management & Research Ltd.
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/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 23 September 2025
IPO Close Date
Thursday, 25 September 2025
Basis of Allotment
Friday, 26 September 2025
Initiation of Refunds
Monday, 29 September 2025
Credit of Shares to Demat
Monday, 29 September 2025
Listing Date
Tuesday, 30 September 2025 — NSE & BSE
Important Dates
Open Date
23 September 2025
Close Date
25 September 2025
Basis Of Allotment
26 September 2025
Listing Date
30 September 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 |
|---|---|
| Assets | 27.67 |
| Revenue | 25.4 |
| Profit After Tax | 5.17 |
| Net Worth | 17.16 |
| Reserve & Surplus | 15.13 |
| Total Borrowings | 5.11 |
EPS Pre
2.55%
EPS Post
2.33%
P/E Pre
348.73
P/E (Post Issue)
381.64x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 35.76 | 37.82 | 15.05 |
| ROCE % | 37.38 | 40.9 | 19.12 |
| Debt / Equity | 0.3 | 0.21 | 0.45 |
| RoNW % | 30.12 | 32.35 | 14.87 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 20.34 | 18.75 | 9.35 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1063829 | 28.57 | 0 |
| Non-Institutional | 797873 | 21.43 | 0 |
| BNII | 531916 | 14.29 | 0 |
| SNII | 265957 | 7.14 | 0 |
| Retail Investors | 1861702 | 50 | 0 |
| Total | 3723404 | 100 | 0 |
Subscription Status ( Thu, 25 Sep 25 01:49 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Total | 3723404 | 82131312 | 22.06x |
| Qualified Institutions | 1063829 | 37610352 | 35.35x |
| Non-Institutional | 797873 | 28306272 | 35.48x |
| BNII | 531916 | 17996512 | 33.83x |
| SNII | 265957 | 10309760 | 38.76x |
| Retail Investors | 1861702 | 16214688 | 8.71x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 16 | 14,240.00 |
| Retail (Max) | 14 | 224 | 199,360.00 |
| S-HNI (Min) | 15 | 240 | 213,600.00 |
| S-HNI (Max) | 70 | 1,120 | 996,800.00 |
| B-HNI (Min) | 71 | 1,136 | 1,011,040.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Motilal Oswal Investment Advisors Pvt Ltd
- Nuvama Wealth Management Limited
- Systematix Corporate Services Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Jaro Institute IPO is a Book-building IPO worth ₹450 crores. The price band is ₹846 to 890 per share. The IPO opens on Tue, Sep 23, 2025 and closes on Thu, Sep 25, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Jaro Institute IPO opens on Tue, Sep 23, 2025 and closes on Thu, Sep 25, 2025
Jaro Institute IPO Price Band is ₹846 to 890.
Jaro Institute IPO lot size is 16, and the minimum amount required for application is ₹14240.
The minimum investment for Jaro Institute IPO is approximately ₹14240 based on the upper price band.
To apply for the Jaro Institute IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Sep 25, 2025. After submission, funds are blocked until the basis of allotment of Jaro Institute IPO is finalised.
Jaro Institute IPO issue size is ₹450 crores.
Jaro Institute IPO allotment date is Sat, Jun 27, 2026.
The registrar for Jaro Institute IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Jaro Institute IPO through their official website or helpline.
The Jaro Institute IPO GMP (Grey Market Premium) is ₹43 as of Tue, Sep 30, 2025. Based on the upper price band of ₹890 per share, the estimated Jaro Institute IPO listing price is ₹933, indicating a potential listing gain of approximately 31% over the issue price.