Jaro Institute came to market through an IPO that opened on 23 September 2025 and closed on 25 September 2025, and the shares listed on 30 September 2025 on BSE, NSE. The price band was ₹846 to ₹890 per share and one lot was 16 shares, so the minimum application was ₹14,240. The issue size was ₹450 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Bigshare Services Pvt.Ltd was the registrar to the issue, and Nuvama Wealth Management Ltd, Motilal Oswal Investment Advisors Ltd, Systematix Corporate Services Ltd were the lead managers.
As of 25 September 2025.
| Day |
|---|
| 1 |
| 2 |
| 3 |
Incorporated in the year 2009, Jaro Institute of Technology Management and Research Limited (Jaro Education) is an online higher education business. The business has a pan-India reach of more than 22 office-cum-learning centres in key cities for offline learning, in addition to 17 immersive tech studio set-ups within the campuses of different IIMs, Jaro Education service a total of 34 Partner Institutions, as of March 31, 2025.
The company's list of 36 partners includes top-tier Partner Institutions both within India and across the world, including IITs, IIMs and top global institutions like Swiss School of Management and Rotman School of Management, University of Toronto, and leading corporates, out of which 29 institutions have achieved the honor of being counted among the top 100 partners in their respective streams by NIRF, as of 2025.
Jaro Education has also gained appreciation from Symbiosis International (Deemed University), IITs and IIMs for assisting them in technology and infrastructure support for delivery of lectures, marketing and promotion and student acquisitions and support.
As of March 31, 2025, the company provides a total of 268 Degree courses and programs, such as Doctor of Business Administration ("D.B.A."), Master of Business Administration ("M.B.A."), Master of Commerce ("M.Com."), Master of Arts ("M.A.), Post Graduate Diploma in Management ("P.G.D.M."), Master of Computer Applications ("M.C.A."), Bachelor of Commerce ("B.Com."), Bachelor of Computer Applications ("BCA") and other degree courses. Provides online, hybrid and on-campus certification programs in management, fintech, data science, business analytics, design thinking and digital marketing.
It has associations with 36 Partner Institutions, including 16 Tier-1 Indian universities and institutions, (7 IIMs, 7 IITs, and 15 Tier-2 Universities).
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
|---|
Jaro Education raises Rs 135 crore through anchor book of Rs 450 crore IPO. Total 15 institutional investors bought the anchor book which comprises asset management companies such as Whiteoak Capital, and ITI Mutual Fund bought Rs 21.49 crore for 2.41 lakh shares in Jaro Education. Citi Group, Nomura Singapore, Abbakus Asset Manager, Singularity Equity Fund, 360 ONE, and Societe Generale additionally invested in the firm via anchor book.
Sanjay Namdeo Salunkhe, Balkrishna Namdeo Salunkhe. Promoter holding 78.28% before the issue and 57.32% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Jaro Institute IPO was a ₹450 crore book-built issue, comprising a fresh issue of ₹170 crore and an offer for sale of ₹280 crore. It was priced at ₹846–₹890 per share with a lot size of 16 shares (₹14,240). The IPO was open from September 23 to September 25, 2025 and was subscribed 23.21x. Shares listed on BSE and NSE on September 30, 2025 at ₹890, in line with the issue price of ₹890. Bigshare Services Pvt. Ltd.
is the registrar. Nuvama Wealth Management Ltd. and 2 other book running lead managers manage the issue.
The price band of Jaro Institute IPO is ₹846 to ₹890 per share.
The lot size of Jaro Institute IPO is 16 shares.
The minimum investment for Jaro Institute IPO is approximately ₹14,240 based on the upper price band.
The allotment date of Jaro Institute IPO is Sep 26, 2025.
Jaro Institute IPO's final recorded GMP before listing was ₹40 per share (a 4% premium over the ₹890 upper price band). The shares listed at ₹890. GMP is unofficial and does not forecast or guarantee the actual listing price.
Jaro Institute IPO listed on Sep 30, 2025. It was issued at ₹890.0(NSE) and is currently around ₹327.85 as on 2-Nov-2026 3:30 PM, which is approximately -63.2% versus issue price. The 52-week high is ₹736.00.
You can check Jaro Institute IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Jaro Institute IPO allotment status on Rupix for quick and easy access.
₹846 to ₹890 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 16 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,240.
₹14,240, for one lot of 16 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 23 September 2025 and closed on 25 September 2025.
The basis of allotment was published on 26 September 2025 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 30 September 2025 on BSE, NSE.
The issue size was ₹450 crore. The fresh issue was 19,10,112 shares (aggregating up to ₹170 crore). The offer for sale was 31,46,067 shares (aggregating up to ₹280 crore).