Jaro Institute IPO Details
| IPO Open Date | September 23, 2025 |
| IPO Close Date | September 25, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹846 to ₹890 Per Share |
| Issue Size | Approx ₹450 Crores |
| Fresh Issue | Approx ₹170 Crores |
| Offer for Sale: | Approx 31,46,067 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Jaro Institute IPO Review & Key Points
- Review:
Jaro Institute IPO Market Lot
The Jaro Institute IPO minimum market lot is 16 shares with ₹14,240 application amount. The retail investors can apply up-to 13 lots with 224 shares of ₹1,99,360 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 16 | ₹14,240 |
| Retail Maximum | 13 | 224 | ₹1,99,360 |
| S-HNI Minimum | 15 | 240 | ₹2,13,600 |
| S-HNI Maximum | 70 | 1,120 | ₹9,96,800 |
| B-HNI Minimum | 71 | 1,136 | ₹10,11,040 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 15,16,853 Shares | 30% |
| QIB (Ex. Anchor) | 10,11,236 Shares | 20% |
| NII Shares Offered | 7,58,427 Shares | 15% |
| Retail Shares Offered | 17,69,663 Shares | 35% |
Jaro Institute IPO Anchor Investors
| Anchor Bidding Date | September 22, 2025 |
| Anchor Investors List | |
| Shares Offered | 15,16,853 Shares |
| Anchor Size | 135.00 Cr. |
| lock-in period end date 50% shares (30 Days) | October 26, 2025 |
| lock-in period end date 50% shares (90 Days) | December 25, 2025 |
Jaro Institute IPO Dates
The Jaro Institute IPO date is September 23 and the close date is September 25. The Jaro Institute IPO allotment will be finalized on September 26 and the IPO listing on September 30.
| IPO Open Date: | September 23, 2025 |
| IPO Close Date: | September 25, 2025 |
| Basis of Allotment: | September 26, 2025 |
| Refunds: | September 29, 2025 |
| Credit to Demat Account: | September 29, 2025 |
| IPO Listing Date: | September 30, 2025 |
| IPO Bidding Cut-off Time: | September 25, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Sanjay Namdeo Salunkhe and Balkrishna Namdeo Salunkhe.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 2,02,29,895 | 78.29% |
| Promoter Holding Post Issue | 2,21,40,007 | 57.32% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Marketing, brand building and advertising activities | 81.00 |
| Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company | 48.00 |
| General Corporate Purpose | – |
About Jaro Institute IPO
Jaro Institute is one of the leading online platforms for higher education and upskilling, and the reason behind it is its financial background, as EBITDA, profit margin, and returns on equity and capital are satisfactory as of March 31, 2023. Due to the entrepreneur and managing directors with 17 years of experience, the firm has reached this good financial background.
Moreover, the company has high EBITDA, even though it was not taking any outside financial help, and all strong financials go to their deep experience in online higher education and upskilling. Furthermore,
Jaro Institute has a pan-India presence, along with 22 offices and learning centers, with the aim of providing offline learning. They are working with a total of 34 partner institutions.
Jaro Institute IPO Company Financial Report
The company reported revenue of ₹202.57 crores in 2024 against ₹124.59 crores in 2023. The company reported profit of ₹38.01 crores in 2024 against profit of ₹11.42 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 (consolidated) | ₹124.59 | ₹108.95 | ₹11.42 | ₹175.75 |
| 2024 (consolidated) | ₹202.57 | ₹148.22 | ₹38.01 | ₹201.76 |
| 2025 (standalone) | ₹254.02 | ₹183.88 | ₹51.67 | ₹276.70 |
Jaro Institute IPO Valuation – FY2025
Check Jaro Institute IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 30.12% |
| ROCE: | 37.38% |
| EBITDA Margin: | 33.13% |
| PAT Margin: | 20.34% |
| Debt to equity ratio: | 0.30 |
| Earning Per Share (EPS): | ₹25.53 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.12% |
| Net Asset Value (NAV): | ₹84.77 |
Peer Group Comparison
There are no listed companies in India or globally.
IPO Lead Managers aka 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: [email protected]
Website: https://www.jaroeducation.com/
IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
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Jaro Institute of Technology Management & Research Ltd.:–
Leading online & hybrid higher education player.
Partnerships with IITs, IIMs & global universities.
268+ degree & certification programs.
Strong client base & predictable revenue