Jaro Institute of Technology Management and Resear – IPO
Jaro Institute of Technology Management and Resear – IPO Details
| IPO Date | September 23, 2025 to September 25, 2025 |
| Listing Date | September 30, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 846 to ₹ 890 / Share |
| Lot Size | 16 Shares |
| Total Issue Size | 50,56,179 shares (Aggregating up to ₹450.00 Cr) |
| Fresh Issue | 19,10,112 shares (Aggregating up to ₹170.00 Cr) |
| Offer for Sale | 31,46,067 shares of ₹10 (Aggregating up to ₹280.00 Cr) |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 2,02,46,177 shares |
| Share holding post issue | 2,21,56,289 shares |
| Market Maker portion |
Jaro Institute of Technology Management and Resear Timeline (Tentative Schedule)
Jaro Institute of Technology Management and Resear IPO opens on September 23, 2025, and closes on September 25, 2025.
| IPO Open Date | September 23, 2025 |
| IPO Close Date | September 25, 2025 |
| Basis of Allotment | September 26, 2025 |
| Initiation of Refunds | September 29, 2025 |
| Credit of Shares to Demat | September 29, 2025 |
| Listing Date | September 30, 2025 |
| Cut-off time for UPI mandate confirmation | September 25, 2025 |
Jaro Institute of Technology Management and Resear IPO 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 Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | Rs.14,240 |
| Retail (Max) | 14 | 224 | Rs.199,360 |
| S-HNI (Min) | 15 | 240 | Rs.213,600 |
| S-HNI (Max) | 70 | 1,120 | Rs.996,800 |
| B-HNI (Min) | 71 | 1,136 | Rs.1,011,040 |
| HNI (Min) |
Jaro Institute of Technology Management and Resear IPO Promoter Holding
| Share Holding Pre Issue | 78.28% |
| Share Holding Post Issue | 57.32% |
Jaro Institute of Technology Management and Resear IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% |
|
| NII (HNI) Shares Offered | Not less than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Jaro Institute of Technology Management and Resear IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Jaro Institute of Technology Management and Resear
Established in 2009, Jaro Institute of Technology Management and Research Limited (Jaro Education) is an online higher education and upskilling platform.
As of March 31, 2025, Jaro has a pan-India presence with more than 22 offices-cum-learning centres in key cities for offline learning, in addition to 17 immersive tech studio set-ups placed within different IIM campuses. With these facilities, the company serves a total of 36 Partner Institutions.
The company provides and disburses a variety of online degree courses like DBA, MBA, M.Com, M.A., PGDM, MCA, M.Sc, B.Com, and BCA, and cross-disciplinary certification courses. These courses are made available in collaboration with 36 institutions as of March 31, 2025.
268 degree courses and certification courses are made available by the Partner Institutions of the company as on March 31, 2025, which Jaro Education markets and facilitates.
As of March 31, 2025, the Company had 860 employees.
Strengths in the Business
Leadership position in online higher education and upskilling category
Integrated solutions to Partner Institutions and Learners
High predictability of revenue underpinned by long-term, strong client relationships
Established record of enabling delivery of high quality and diversified offerings
Harnessing technology and digitalization
Seasoned senior management team with strong industry experience and proven record
Key Performance Indicator
The market capitalization of Jaro Institute IPO is ₹1971.91 Cr.
| KPI | Values |
|---|---|
| ROE | 35.76% |
| ROCE | 37.38% |
| Debt/Equity | 0.30 |
| RoNW | 30.12% |
| P/BV | 10.50 |
| PAT Margin (%) | 20.34% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 25.52 | 23.32 |
| P/E (x) | 34.88 | 38.17 |
Note:
- The Pre IPO EPS is calculated based on Pre-IPO shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025, which is available in RHP.
Objects of the Issue (Jaro Institute of Technology Management and Resear IPO Objectives)
Jaro Institute of Technology Management and Resear 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: [email protected] Website: https://www.jaroeducation.com/ |
Jaro Institute of Technology Management and Resear IPO Registrar
Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: [email protected] |