Jaro Institute IPO is a book-built issue of ₹450 crores, comprising a fresh issue of ₹170 crores through 19,10,112 shares and an offer for sale of ₹280 crores through 31,46,067 shares. The IPO opens for subscription on September 23, 2025, and closes on September 25, 2025. The allotment is expected to be finalized on September 26, 2025, with refunds and credit to demat accounts on September 29, 2025. Jaro Institute IPO is set to list on BSE and NSE on September 30, 2025.
The IPO price band is fixed at ₹846 to ₹890 per share, with a lot size of 16 shares for retail investors. The minimum investment for a retail application is ₹14,240 based on the upper price. S-HNI investors can apply for 15 lots (240 shares) totaling ₹2,13,600, while B-HNI investors can apply for 71 lots (1,136 shares) amounting to ₹10,11,040. The IPO follows a quota of 35% for retail investors, 50% for QIB, and 15% for HNI investors.
For the financial year 2024, Jaro Institute reported revenue of ₹202.57 crores compared to ₹124.59 crores in 2023, with a profit of ₹38.01 crores against ₹11.42 crores in the previous year. Investors are advised to consider the IPO for medium to long-term investment.
Overview of Contents
About Jaro Institute IPO
Incorporated in 2009, Jaro Institute of Technology Management and Research Limited (Jaro Education) is a pan-India online higher education and upskilling company. The company provides degree programs, certifications, and skill development courses in collaboration with 36 partner institutions.
Jaro Institute has 22 offices-cum-learning centres across India and 17 tech studio set-ups within IIM campuses. These facilities support online and blended learning for students across India.
The company’s offerings include MBA, PGDM, M.Com, M.A., MCA, M.Sc, B.Com, BCA, and other certification programs. Jaro Institute focuses on scalable, technology-driven education solutions to help learners upskill and gain employable knowledge.
As of March 31, 2025, Jaro Institute employed 860 permanent staff. Its competitive strengths include a strong position in online education, long-term partner relationships, pan-India presence, technology-driven delivery, and an experienced management team.
Jaro Institute IPO Overview
| Particulars | Details |
|---|---|
| Face Value | ₹10 per share |
| IPO Price Band | ₹846 to ₹890 per share |
| Lot Size | 16 Shares |
| Total Issue Size | 50,56,179 shares (up to ₹450 Cr) |
| Fresh Issue | 19,10,112 shares (up to ₹170 Cr) |
| Offer for Sale | 31,46,067 shares (up to ₹280 Cr) |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Listing | BSE, NSE |
| Shareholding Pre-Issue | 2,02,46,177 shares |
| Shareholding Post-Issue | 2,21,56,289 shares |
Jaro Institute IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Jaro Institute IPO Dates
| Event | Details |
|---|---|
| IPO Open Date | Tuesday, September 23, 2025 |
| IPO Close Date | Thursday, September 25, 2025 |
| Basis of Allotment | Friday, September 26, 2025 |
| Refunds | Monday, September 29, 2025 |
| Credit to Demat Account | Monday, September 29, 2025 |
| IPO Listing Date | Tuesday, September 30, 2025 |
| IPO Bidding Cut-off Time | Thursday, September 25, 2025 – 5 PM |
Jaro Institute IPO Lot Size
| Investor Type | Minimum Lots | Maximum Lots | Shares | Investment Amount |
|---|---|---|---|---|
| Retail | 1 | 14 | 16 – 224 | ₹14,240 – ₹1,99,360 |
| S-HNI | 15 | 70 | 240 – 1,120 | ₹2,13,600 – ₹9,96,800 |
| B-HNI | 71 | 71 | 1,136 | ₹10,11,040 |
Jaro Institute IPO Financial Performance
| Financial Metric | FY 2024 (₹ Cr) | FY 2023 (₹ Cr) |
|---|---|---|
| Total Income | 202.57 | 124.59 |
| Profit After Tax (PAT) | 38.01 | 11.42 |
| EBITDA | 63.56 | 25.55 |
| Net Worth | 117.43 | 77.85 |
| Reserves & Surplus | 102.39 | 62.80 |
| Total Borrowings | 24.85 | 37.77 |
Jaro Institute IPO Promoter Holding
| Promoter Holding | Pre-IPO (%) | Post-IPO (%) |
|---|---|---|
| Sanjay Namdeo Salunkhe and Balkrishna Namdeo Salunkhe | 78.28 | 57.32 |
Jaro Institute IPO GMP
- To Be Updated
Jaro Institute IPO Valuation – FY2024
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 35.76% |
| Return on Capital Employed (ROCE) | 37.38% |
| EBITDA Margin | 33.13% |
| PAT Margin | 20.34% |
| Debt to Equity Ratio | 0.30 |
| Earnings Per Share (EPS) | ₹25.52 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 30.12% |
| Net Asset Value (NAV) | ₹58.43 |
IPO Lead Managers / Merchant Bankers
- Nuvama Wealth Management Ltd.
- Motilal Oswal Investment Advisors Ltd.
- Systematix Corporate Services Ltd.
Company Address
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
IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Jaro Institute IPO FAQs
What is the issue size of the Jaro Institute IPO?
The IPO is a book-built issue aggregating up to ₹450 crores, comprising a fresh issue of ₹170 crores and an offer for sale of ₹280 crores.
What is the IPO price band?
The price band is set at ₹846 to ₹890 per share.
What is the lot size for application?
The minimum lot size is 16 shares. Applications must be in multiples of 16 shares.
When will the IPO open and close?
The IPO opens on September 23, 2025, and closes on September 25, 2025.
When is the basis of allotment and listing date?
The basis of allotment is expected on September 26, 2025, and the tentative listing date is September 30, 2025.
What is the retail quota, QIB, and HNI allocation?
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (HNI): 15%
Where will the IPO be listed?
The IPO will list on the BSE and NSE.
Who are the promoters of Jaro Institute?
The promoters are Sanjay Namdeo Salunkhe and Balkrishna Namdeo Salunkhe.
How can investors apply for the IPO?
Investors can apply through their broker or online ASBA facility via banks participating in the IPO.
What are the key strengths of the company?
Jaro Institute has a leading position in online higher education and upskilling, strong partner institution network, pan-India presence, scalable tech-driven programs, and experienced management team.