IPO Details
Bidding Dates
23 Sept 25 - 25 Sept 25
Price Range ₹
846 - 890
Total Equity
₹ 0.00 Cr
Lot Size
16
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
8.71×
Qualified Institutional Buyers
35.35×
Employees
0.00×
Retail Investors
8.71×
Total subscription Rate
22.06×
IPO Timeline
Offer start
23 Sept 2025
Offer end
25 Sept 2025
Allotment
26 Sept 2025
Refund initiation
29 Sept 2025
Demat transfer
29 Sept 2025
Listing
30 Sept 2025
Offer start
23 Sept 2025
Offer end
25 Sept 2025
Allotment
26 Sept 2025
Refund initiation
29 Sept 2025
Demat transfer
29 Sept 2025
Listing
30 Sept 2025
About Company
Jaro Institute of Technology Management and Research Limited (Jaro Education), incorporated in 2009, is a leading online higher education company with a pan-India presence through over 22 offices-cum-learning centres and 17 immersive tech studios located in premier campuses like IIMs. As of March 31, 2025, Jaro collaborates with 36 Partner Institutions, including top-tier Indian institutes such as IITs, IIMs, and global partners like the Swiss School of Management and the Rotman School of Management, University of Toronto. The company offers 268 degree programs and courses including MBA, DBA, M.Com, and certifications in management, fintech, data science, and digital marketing delivered through online, hybrid, and in-person formats.
Year Founded
09-07-2009
Promotor Details
Sanjay Salunkhe
Project Details
- Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Com - 450cr
- Marketing, brand building and advertising activities - 810cr
- General corporate purposes - 301.53cr
Objectives
- The Net Proceeds are proposed to be utilised in the following manner:Marketing, brand building and advertising activitiesPrepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by our CompanyGeneral corporate purposes
Highlights
- Strong pan-India and international partnerships
- Diverse and large course portfolio
- High profitability with strong margins
- Robust technology-driven learning platforms
- Well-recognized brand with industry awards
Challenges
- High P/E ratio (38.17x post IPO) indicating premium valuation
- Dependence on partner institutions for content delivery
- Moderate debt levels require management
- Competition in growing edtech sector
- Regulatory changes in education sector could affect operations
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 1,495.84 | 150.41 | 114.22 | 115.79 | 5.7882 |
| 2024 | 2,195.19 | 150.41 | 380.10 | 379.85 | 18.9882 |
| 2023 | 1,915.29 | 150.41 | 331.80 | 330.82 | 16.5373 |
