Jaro Institute IPO Price: ₹846 to ₹890 per share
IPO Dates: 23rd September 2025 – 25th September 2025
Company Overview
Incorporated in 2009, Jaro Institute of Technology Management and Research Limited (Jaro Education) is a leading online higher education and upskilling platform in India. The company partners with reputed academic institutions to provide degree programs and certification courses designed to meet the evolving needs of students and working professionals.
Presence and Infrastructure
As of March 31, 2025, Jaro Education has established a pan-India presence with more than 22 offices-cum-learning centres across major cities to facilitate offline learning. Additionally, the company operates 17 immersive tech studio set-ups located within various IIM campuses, enabling a seamless blend of technology-driven and classroom-based education. Through this robust infrastructure, Jaro Education effectively collaborates with 36 Partner Institutions.
Programs and Offerings
The company offers a wide range of online degree programs such as DBA, MBA, M.Com, M.A., PGDM, MCA, M.Sc, B.Com, and BCA, alongside several cross-disciplinary certification courses. These programs are facilitated in collaboration with Jaro’s 36 institutional partners. As of March 31, 2025, the company marketed and facilitated 268 degree programs and certification courses, making it one of the most comprehensive online education providers in the country.
Business Strengths
- Market Leadership: A leading position in the online higher education and upskilling space.
- Comprehensive Solutions: End-to-end support for both partner institutions and learners.
- Revenue Stability: High revenue predictability supported by long-lasting and robust institutional relationships.
- Diverse Offerings: Proven track record in facilitating delivery of high-quality and diversified programs.
- Technology Integration: Strong use of digital platforms to enhance learning and student experience.
- Experienced Team: Senior management with deep industry expertise and a demonstrated history of success.
Bidding Starts In
Jaro Institute IPO Specifics:
| IPO Date | September 23, 2025 to September 25, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹846 to ₹890 per 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 (aggregating up to ₹280.00 Cr) |
| Employee Discount | ₹40 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,02,46,177 shares |
| Share Holding Post Issue | 2,21,56,289 shares |
Jaro Institute IPO Timetable (Important Dates)
| IPO Open Date | Tuesday, September 23 2025 |
| IPO Close Date | Thursday, September 25 2025 |
| Basis of Allotment | Friday, September 26 2025 |
| Initiation of Refunds | Monday, September 29 2025 |
| Credit of Shares to Demat | Monday, September 29 2025 |
| Listing Date | Tuesday, September 30 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2025 |
Jaro Institute IPO Lot Size
Bidders have the opportunity to bid for a minimum of 16 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,240 |
| Retail (Max) | 14 | 224 | ₹1,99,360 |
| S-HNI (Min) | 15 | 240 | ₹2,13,600 |
| S-HNI (Max) | 70 | 1120 | ₹9,96,800 |
| B-HNI (Min) | 71 | 1136 | ₹10,11,040 |
Jaro Institute IPO Reservation
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Jaro Institute Limited IPO Financial Information
| Period Ended | 31 Mar 2025 |
|---|---|
| Assets | 276.70 |
| Total Income | 254.02 |
| Profit After Tax | 51.67 |
| EBITDA | 83.58 |
| Net Worth | 171.55 |
| Reserves and Surplus | 151.31 |
| Total Borrowing | 51.11 |
Key Performance Indicator – Jaro Institute IPO
| KPI | Values |
|---|---|
| Market Cap | ₹1971.91 Cr |
| EPS | ₹25.52 |
| P/E (x) | 34.88 |
| ROE | 35.76% |
| ROCE | 37.38% |
| Debt/Equity | 0.30 |
| RoNW | 30.12% |
| PAT Margin | 20.34% |
Objects of the Issue:
Jaro Institute Limited proposes to utilize the net proceeds from its Initial Public Offering (IPO) for the following purposes:
- Marketing, Brand Building, and Advertising: ₹81 crore will be allocated towards marketing initiatives, brand building, and advertising activities to enhance visibility and expand market reach.
- Repayment/Prepayment of Borrowings: ₹45 crore will be utilized for prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the company, thereby reducing debt obligations.
- General Corporate Purposes: The remaining funds will be used for general corporate activities, including administrative expenses and other strategic initiatives.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
