Jaro Institute of Technol. Mgt. and Research IPO
IPO Listing Details
- Listing Date
30 Sep 2025
- Listing Price
₹890.00
- Listing Change
0.00%
- Last Traded Price
₹555.70
Jaro Institute of Technol. Mgt. and Research IPO Details
-
Open Date
23 Sep 2025
-
Close Date
25 Sep 2025
-
Listing Date
30 Sep 2025
- IPO Price Range
₹ 846 to ₹890
- IPO Size
₹ 450 Cr
- Listing Exchange
BSE, NSE
Jaro Institute of Technol. Mgt. and Research IPO Timeline
Jaro Institute of Technol. Mgt. and Research IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 23-Sep-25 | 0.49 | 1.91 | 0.73 | 0.92 |
| 24-Sep-25 | 0.71 | 3.67 | 2.12 | 2.05 |
| 25-Sep-25 | 37.19 | 37.32 | 9.15 | 23.20 |
Last Updated: 25 September 2025 6:28 PM by 5paisa
Jaro Institute of Technology Management & Research Ltd., launching a ₹450.00 Cr IPO, is a leading online and hybrid higher education provider. Incorporated in 2009, it operates 22 offices-cum-learning centres and 17 immersive tech studio set-ups across India. The company partners with 36 premier institutions, including IITs, IIMs, and global universities. Jaro Education offers 268 degree programmes and certification courses in management, fintech, data science, business analytics, design thinking, and digital marketing. Its pan-India presence, technology-enabled platforms, and strong institutional relationships enable scalable and recurring revenue growth.
Established in: 2009
MD: Sanjay Namdeo Salunkhe
Jaro Institute of Technol. Mgt. and Research Objectives
1. Marketing, brand building, and advertising activities – ₹81.00 Cr
2. Prepayment or scheduled repayment of certain borrowings – ₹45.00 Cr
3. Remaining funds for general corporate purposes
Jaro Institute IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹ 450 Cr |
| Offer For Sale | ₹ 280 Cr |
| Fresh Issue | ₹ 170 Cr |
Jaro Institute IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | 13,536 |
| Retail (Max) | 14 | 224 | 1,89,504 |
| S-HNI (Min) | 15 | 240 | 2,03,574 |
| S-HNI (MAX) | 70 | 1,120 | 9,47,520 |
| B-HNI (Min) | 71 | 1,136 | 9,61,590 |
Jaro Institute IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 37.19 | 10,11,236 | 3,76,10,352 | 3,347.32 |
| NII (HNI) | 37.32 | 7,58,427 | 2,83,04,352 | 2,519.09 |
| bNII (bids above ₹10L) | 35.59 | 5,05,618 | 1,79,96,512 | 1,601.69 |
| sNII (bids below ₹10L) | 40.77 | 2,52,809 | 1,03,07,840 | 917.40 |
| Retail Investors | 9.15 | 17,69,663 | 1,61,91,616 | 1,441.05 |
| Total** | 23.20 | 35,39,326 | 8,21,06,320 | 7,307.46 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 124.59 | 202.57 | 2540.19 |
| EBITDA | 207.40 | 303.00 | 835.81 |
| PAT | 11.65 | 37.97 | 51.67 |
| Particulars (in Rs. Crores)] | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 175.75 | 201.76 | 239.48 |
| Share Capital | 171.55 | 117.43 | 83.57 |
| Total Borrowings | 37.71 | 24.74 | 51.11 |
| Particulars (in Rs. Crores | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 2.88 | -16.97 | -23.46 |
| Net Cash Generated From / (used in) investing activities | -7.67 | 47.15 | -4.09 |
| Net Cash Generated From / (used in) financing activities | 14.19 | -19.17 | -4.52 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -0.28 | 11.01 | -13.36 |
Strengths
1. Pan-India presence with 22 learning centres and 17 tech studios.
2. Established partnerships with premier Indian and global institutions.
3. A diverse portfolio of degree and certification courses.
4. Strong technology platforms enabling scalable operations.
Weaknesses
1. Reliance on partner institutions for student acquisition.
2. Limited international market presence.
3. High dependency on regulatory approvals for the education sector.
4. Cost-intensive technology and content development.
Opportunities
1. Growing demand for online higher education and upskilling.
2. Potential to expand programmes across new cities and regions.
3. Collaborations with additional global universities.
4. Increasing digital adoption in the BFSI and corporate training sectors.
Threats
1. Intense competition from established online and hybrid education providers.
2. Regulatory and accreditation changes impacting operations.
3. Economic downturns are affecting enrolments and corporate training.
4. Rapid technological changes require continual platform upgrades.
1. Pan-India presence with multiple centres and immersive tech studios.
2. Strong institutional partnerships, including IITs, IIMs, and global universities.
3. Diversified portfolio of degree programmes and certification courses.
4. Growth potential in online education, upskilling, and corporate training sectors.
India’s online and hybrid education sector is witnessing robust growth due to increased demand for flexible learning, digital upskilling, and global collaborations. Rising awareness of certification courses, technology adoption in universities, and partnerships with premier institutions have expanded the reach of online education. The sector benefits from government initiatives to improve skill development, digital learning, and technology-driven educational solutions. With a strong presence in the BFSI, management, and tech training segments, companies like Jaro Institute are well-positioned to capitalise on the growing demand for quality online and hybrid learning solutions across India.
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FAQs
Jaro Institute IPO opens 23 September 2025 – 25 September 2025
The size of Jaro Institute IPO is ₹450.00 Cr.
The price band of Jaro Institute IPO is at ₹846 – ₹890 per share
To apply for Jaro Institute IPO, follow the steps given below:
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Jaro Institute IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Jaro Institute IPO is 16 shares per lot; and with the minimum investment amount of ₹13,536.
The share allotment date of Jaro Institute IPO is September 26, 2025
The Jaro Institute IPO will likely be listed on September 30, 2025.
Nuvama Wealth Management Ltd. is the book-running lead manager for Jaro Institute IPO.
Jaro Institute plans to utilise the raised capital from the IPO for:
1. Marketing, brand building, and advertising activities – ₹81.00 Cr
2. Prepayment or scheduled repayment of certain borrowings – ₹45.00 Cr
3. Remaining funds for general corporate purposes
Jaro Institute of Technol. Mgt. and Research Contact Details
11th Floor, Vikas Centre,
Dr. C.G. Road,
Chembur – East,
Mumbai, Maharashtra, 400074
Phone: 022 2520 5763
Email: cs@jaro.in
Jaro Institute of Technol. Mgt. and Research IPO Register
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Jaro Institute of Technol. Mgt. and Research IPO Lead Manager
Nuvama Wealth Management Ltd.
Motilal Oswal Investment Advisors Ltd.
Systematix Corporate Services Ltd.