Jaro Institute of Technology Management & Research Ltd.
Jaro Institute of Technology Management & Research Ltd. IPO is a book-built issue with a total size of ₹450.00 crore. The issue comprises a fresh issue of shares aggregating to ₹170.00 cror ...
The IPO opens for subscription on September 23, 2025, and closes on September 25, 2025. The basis of allotment is expected to be finalised on September 26, 2025. The shares are proposed to be listed on both BSE and NSE, with a tentative listing date of September 30, 2025.
The price band has been fixed at ₹846 to ₹890 per share, and the lot size is 16 shares. A retail investor can apply for a minimum of 1 lot (16 shares), requiring an investment of ₹14,240 at the upper price band, while the maximum for retail investors is 14 lots (224 shares), amounting to ₹1,99,360. For sNII, the minimum application is 15 lots (240 shares, ₹2,13,600), and for bNII, it is 71 lots (1,136 shares, ₹10,11,040).
Read moreIPO Timeline
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23 Sep 2025Bidding Starts
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25 Sep 2025Bidding Ends
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26 Sep 2025Allotment Finalization
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29 Sep 2025Refund Date
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29 Sep 2025Demat Date
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30 Sep 2025Listing Date
Jaro Institute of Technology Management & Research Ltd. Financial Result in crore
| Year | Asset | Revenue | Profit |
|---|---|---|---|
| 31 Mar 2023 | 175.75 Cr | 124.59 Cr | 11.65 Cr |
| 31 Mar 2024 | 201.76 Cr | 202.57 Cr | 37.97 Cr |
About Jaro Institute of Technology Management & Research Ltd.
About Jaro Institute of Technology Management & Research Limited
Incorporated in 2009, Jaro Institute of Technology Management and Research Limited (Jaro Education) is a pro
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As of March 31, 2025, Jaro Education collaborates with 34 Partner Institutions, including top-tier Indian institutions like IITs and IIMs, as well as global partners such as the Swiss School of Management and Rotman School of Management, University of Toronto. Among these, 29 partners are ranked within the top 100 in their respective streams by NIRF.
Jaro Education offers a diverse range of 268 degree programs and courses, including D.B.A., M.B.A., M.Com., M.A., P.G.D.M., M.C.A., B.Com., BCA, and other specialized programs. Additionally, it provides online, hybrid, and in-person certification courses in areas such as management, fintech, data science, business analytics, design thinking, and digital marketing. Its partnerships include 36 institutions, with 16 Tier-1 universities in India (including 7 IIMs and 7 IITs) and 15 Tier-2 universities, reflecting its strong academic network.
The company’s business strengths lie in its market-leading position in online higher education and upskilling, its ability to provide comprehensive solutions to both partner institutions and learners, and high revenue predictability supported by long-standing client relationships. Jaro Education has a proven track record in delivering high-quality, diversified offerings while leveraging technology and digitalisation, guided by an experienced senior management team with deep industry expertise and a history of successful execution.
Read moreJaro Institute of Technology Management & Research IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Proceeds from the OFS will go directly to the Promoter Selling Shareholder. The company will not receive any funds from this portion, apart from covering its share of offer-related expenses.
- The gross proceeds of up to ₹1,700 million (₹170 crore) will be raised through the Fresh Issue. After deducting offer-related expenses, the Net Proceeds will be utilised as follows.
- ₹810 million will be used for marketing, brand building, and advertising activities to enhance visibility and strengthen the brand.
- ₹450 million will be used for prepayment or scheduled repayment of certain outstanding borrowings, reducing financial liabilities.
Jaro Institute of Technology Management & Research IPO Promoter Holding
Sanjay Namdeo Salunkhe and Balkrishna Namdeo Salunkhe are the promoters of the company
Share Holding Pre-Issue
78.28%
Share Holding Post Issue
57.32%
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
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