Jaro Institute IPO: Check IPO Date, Live Subscription and Key Details
Jaro Institute of Technology Management & Research Ltd. is a leading online higher education and upskilling platform in India. The company collaborates with 34 partner institutions, including top-ranked IITs, IIMs, and international universities like the Rotman School of Management. Its programs include a diverse range of degree and certification courses in fields like management, fintech, data science, and digital marketing. The company operates through a hybrid model with 22 offices-cum-learning centers and 15 tech studios on IIM campuses. As of March 31, 2024, Jaro Institute has established itself as a prominent player in the online education space.
Price Range
₹846.0 - ₹890.0
Issue Size
₹450 Cr
Lot Size
16 shares
IPO Type
Mainboard
GMP
₹43(+4.83%)
Est. Listing Price
₹933
Estimate Profit
₹688
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
23.32
P/E Ratio
38.17
RoNW
30.12%
ROE
30.12%
Debt to Equity
0.3
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Timeline
IPO Opens
23 Sept
IPO Closes
25 Sept
Allotment
26 Sept
Listing
30 Sept
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 23 September 2025 | Subscription starts |
| IPO Close Date | 25 September 2025 | Subscription ends |
| Allotment Date | 26 September 2025 | Allotment |
| Listing Date | 30 September 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,240 |
Retail (Max)Just less than ₹2,00,000 | 14 | ₹1,99,360 |
SHNI (Min)Just above ₹2,00,000 | 15 | ₹2,13,600 |
SHNI (Max)Below ₹10,00,000 | 70 | ₹9,96,800 |
BHNIAbove ₹10,00,000 | 71 | ₹10,11,040 |
IPO Objectives
- Marketing, brand building and advertising activities.
- Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company.
- General corporate purposes.
Strengths
- The company holds a market-leading position in the online higher education and upskilling space, with a strong brand image and pan-India presence.
- It provides comprehensive solutions to a strong network of 34 partner institutions, including prestigious ones like IITs and IIMs.
- The business has high revenue predictability due to long-lasting relationships with clients across various industries.
- The company has a proven track record of delivering high-quality and diversified courses across various fields.
- It leverages technology and digitalization to enhance client experience and drive business expansion.
Weaknesses
- The online education and upskilling sector is highly competitive, which can lead to pricing pressures and a race to the bottom for similar courses.
- The business faces low customer stickiness, as learners can easily switch between platforms for better courses or prices in a fast-evolving market.
- The company is dependent on its partner institutions for course accreditation, which poses a risk if these partnerships are not renewed or are terminated.
- A portion of the IPO proceeds is allocated to marketing and advertising, indicating the need for high customer acquisition costs to maintain growth.
- The IPO includes a significant Offer for Sale (OFS) component of ₹280 crore, which means a portion of the proceeds will not be directly invested in the company's growth.
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Financial Performance
| Period Ended | 31 Mar 2025 |
|---|---|
| Assets (₹ Cr.) | 276.7 |
| Revenue (₹ Cr.) | 254.02 |
| PAT (₹ Cr.) | 51.67 |
| Net Worth (₹ Cr.) | 171.55 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.49x | 0.71x | 37.19x |
| NII | 1.91x | 3.67x | 37.32x |
| S-HNI | 1x | 3.99x | 40.77x |
| B-HNI | 2.37x | 3.51x | 35.59x |
| RII | 0.73x | 2.12x | 9.15x |
| Total | 0.92x | 2.05x | 23.2x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 10,11,236 | 3,76,10,352 | 3,347.32 |
| NII | 7,58,427 | 2,83,04,352 | 2,519.09 |
| Small NII | 2,52,809 | 1,03,07,840 | 917.4 |
| Big NII | 5,05,618 | 1,79,96,512 | 1,601.69 |
| RII | 17,69,663 | 1,61,91,616 | 1,441.05 |
| Total | 35,39,326 | 8,21,06,320 | 7,307.46 |
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Company Details
- Jaro Institute of Technology Management & Research Ltd.
- 11th Floor, Vikas Centre, Dr. C.G. Road, Chembur – East, Mumbai, Maharashtra-400074
- 022 2520 5763
- cs@jaro.in
- https://www.jaroeducation.com/
Registrar Details
- Bigshare Services Pvt.Ltd.
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html
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