Jaro Institute of Technology Management & Research Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its final day of subscription, with Jaro Institute's stock price set at ₹846-890 per share reflecting overwhelming market reception. The ₹450.00 crore IPO reached 23.20 times by 5:05:12 PM on day three.
Jaro Institute IPO non-institutional investors segment leads with exceptional 37.32 times subscription, whilst qualified institutional buyers show exceptional 37.19 times and individual investors demonstrate strong participation at 9.15 times, whilst anchor investors show complete participation at 1.00 times.
IPO Subscription Status
| Date | QIB (Ex Anchor) | NII | Individual Investors | Total |
|---|---|---|---|---|
| Day 1 (September 23) | 0.49 | 1.91 | 0.73 | 0.92 |
| Day 2 (September 24) | 0.71 | 3.67 | 2.12 | 2.05 |
| Day 3 (September 25) | 37.19 | 37.32 | 9.15 | 23.20 |
Day 2 Subscription Details
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 15,16,853 | 15,16,853 | 135.00 |
| QIB (Ex Anchor) | 37.19 | 10,11,236 | 7,18,848 | 63.98 |
| Non-Institutional Buyers | 37.32 | 7,58,427 | 27,84,944 | 247.86 |
| Individual Investors | 2.12 | 17,69,663 | 1,61,91,616 | 1,441.05 |
| Total | 23.20 | 35,39,326 | 8,21,06,320 | 7,307.46 |
Key Highlights - Day 3
- Overall subscription reached exceptional 23.20 times, showing remarkable surge from day two's 2.05 times to become one of the most oversubscribed education sector IPOs
- Non-institutional investors displaying exceptional interest at 37.32 times, building massively from day two's 3.67 times with sNII segment leading at 40.77 times
- Qualified institutional buyers (ex-anchor) showing exceptional performance at 37.19 times
- Individual investors demonstrating strong confidence at 9.15 times, building significantly from day two's 2.12 times showing robust retail appetite
- Total applications reached 9,75,126, indicating massive investor participation for this mainboard IPO
- Cumulative bid amount reached ₹7,307.46 crores, representing massive 1,624% of the issue size of ₹450.00 crores
Key Highlights - Day 2
- Overall subscription reached moderate 2.05 times, showing substantial improvement from day one's 0.92 times indicating growing investor interest
- Non-institutional investors showing moderate performance at 3.67 times, building substantially from day one's 1.91 times with both segments performing well
- Individual investors demonstrating moderate confidence at 2.12 times, building significantly from day one's 0.73 times showing improved retail sentiment
- Qualified institutional buyers (ex-anchor) showing limited improvement at 0.71 times, building from day one's 0.49 times but remaining below subscription
Key Highlights - Day 1:
- Overall subscription reached limited 0.92 times, showing cautious initial investor interest in this education technology IPO
- Non-institutional investors showing moderate performance at 1.91 times, with bNII segment at 2.37 times and sNII at 1.00 times
- Individual investors displaying limited confidence at 0.73 times, showing weak retail sentiment for the education sector offering
- Qualified institutional buyers (ex-anchor) showing limited performance at 0.49 times, indicating minimal institutional appetite
About Jaro Institute of Technology Management & Research Ltd.
Incorporated in 2009, Jaro Institute of Technology Management & Research Limited is an online higher education and upskilling platform with a pan-India presence. It operates 22 offices-cum-learning centres and has partnerships with 36 institutions, including several IIM campuses. The institute offers 268 degree programs and certification courses across various fields, strengthening its position in India’s education technology sector.
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