Jaro Institute IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 23 Sep 2025
Close Date
Thu, 25 Sep 2025
Price Band
₹ 846 – 890
Lot Size
16
Issue Size
₹ 450.00 Cr
Minimum Investment
₹ 14,240 (16 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Jaro Institute IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹450.00 Crore, comprising a fresh issue of 19.10 Lakh equity shares aggregating to ₹170.00 Crore and an offer for sale (OFS) of 31.46 Lakh equity shares aggregating to ₹280.00 Crore by the existing shareholders.
The Jaro Institute IPO remained open for subscription from September 23, 2025, to September 25, 2025. The basis of allotment was finalized on September 26, 2025, and the company's shares were listed on the NSE and BSE on September 30, 2025.
The company had fixed the price band at ₹846 to ₹890 per share, with a lot size of 16 shares. Retail investors were required to make a minimum investment of ₹14,240 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Motilal Oswal Investment Advisors Ltd, Nuvama Wealth Management Limited, and Systematix Corporate Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Jaro Institute of Technology Management and Research Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Jaro Institute IPO Timeline (Tentative)
- IPO Open Date
- Tue, 23 Sep 25
- IPO Close Date
- Thu, 25 Sep 25
- Basis of Allotment
- Fri, 26 Sep 25
- Initiation of Refunds
- Mon, 29 Sep 25
- Credit of Shares to Demat
- Mon, 29 Sep 25
- Listing Date
- Tue, 30 Sep 25 — NSE & BSE
Open Date
23 September 2025
Close Date
25 September 2025
Basis Of Allotment
26 September 2025
Listing Date
30 September 2025
IPO Subscription
Check Live Subscription →The Jaro Institute IPO has received bids for 8,21,31,312 shares against 37,23,404 shares offered, resulting in an overall subscription of 22.06x. the NII category is subscribed 35.48x, Retail Investors 8.71x, and QIBs 35.35x. Within the NII category, BNII is subscribed 33.83x, while SNII is subscribed 38.76x.
Total
22.06x
QIB
35.35x
NII
35.48x
BNII
33.83x
SNII
38.76x
RII
8.71x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 18,61,702 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 10,63,829 shares (28.57%), while Non-Institutional Investors (NIIs) receive 7,97,873 shares (21.43%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,063,829 | 28.57% |
| Non-Institutional | 797,873 | 21.43% |
| BNII | 531,916 | 14.29% |
| SNII | 265,957 | 7.14% |
| Retail Investors | 1,861,702 | 50% |
| Total | 3,723,404 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Jaro Institute of Technology Management and Research Limited KPI Information
| 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 |
| Pat Margin % | 20.34 | 18.75 | 9.35 |
Peers Comparison
No Peer Comparision Available
About Jaro Institute of Technology Management and Research Limited
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
Jaro Institute IPO Promoters
- Sanjay Namdeo Salunkhe
- Balkrishna Namdeo Salunkhe
Promoters Holding
Holding Pre Issue
78.29%
Holding Post Issue
57.32%
Jaro Institute IPO Objective
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
Jaro Institute of Technology Management and Research Limited Address / Contact Details
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
Jaro Institute IPO Lot Size
The Jaro Institute IPO has a lot size of 16 shares. Retail investors require a minimum investment of ₹14,240 by applying for 1 lot (16 shares). The maximum application allowed for the retail category is 14 lots (224 shares), requiring an investment of ₹1,99,360.
| 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 |
Issue Reservation
- QIB — 28.57%
- NII — 21.43%
- RII — 50%
Book Running Lead Managers
- Motilal Oswal Investment Advisors Ltd
- Nuvama Wealth Management Limited
- Systematix Corporate Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Jaro Institute IPO?
Jaro Institute IPO is a Book-building IPO with a total issue size of ₹450 crore. The Jaro Institute IPO price band is ₹846 to 890 per share. The Jaro Institute IPO subscription opens on Tue, Sep 23, 2025, and closes on Thu, Sep 25, 2025. The Jaro Institute IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the Jaro Institute IPO.
When will the Jaro Institute IPO open for subscription?
The Jaro Institute IPO opens on Tue, Sep 23, 2025 and closes on Thu, Sep 25, 2025
What is Jaro Institute IPO Price Band?
Jaro Institute IPO Price Band is ₹846 to 890 per share.
What is Jaro Institute IPO Lot Size?
Jaro Institute IPO lot size is 16 shares, Retail investors need a minimum investment of ₹14240 based on the upper price band
What is the minimum investment for Jaro Institute IPO?
The minimum investment for Jaro Institute IPO is ₹14240, based on one lot of 16 shares at the upper price band of ₹890 per share.
How to apply for Jaro Institute IPO?
Investors can apply for the Jaro Institute IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 25, 2025. The application amount remains blocked until the Jaro Institute IPO allotment is finalized.
What is Jaro Institute IPO Issue Size?
Jaro Institute IPO issue size is ₹450 crores.
What is the Jaro Institute IPO Allotment Date?
Jaro Institute IPO allotment date is Fri, Sep 26, 2025.
Who is the Jaro Institute IPO Registrar?
The registrar for Jaro Institute IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Jaro Institute IPO allotment status, refund processing, and other IPO-related information.
What is the Jaro Institute IPO GMP?
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 4.83% over the issue price.
Who is the Jaro Institute IPO Lead Manager?
The book-running lead managers (BRLMs) for the Jaro Institute IPO are Motilal Oswal Investment Advisors Ltd, Nuvama Wealth Management Limited, and Systematix Corporate Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Jaro Institute IPO Red Herring Prospectus (RHP).