Jaro Institute of Technology Management & Research Ltd. IPO Complete Guide

Introduction

Jaro Institute of Technology Management & Research Ltd., known as Jaro Education, has launched its Initial Public Offering (IPO) to raise ₹450 crore. The IPO is open for subscription from September 23 to September 25, 2025, with shares priced between ₹846 and ₹890 each. This move aims to capitalize on the growing demand for online higher education and upskilling programs in India.

IPO Details

• Issue Size: ₹450 crore

• Price Band: ₹846 – ₹890 per share

• Lot Size: 16 shares (Minimum investment: ₹14,240)

• Issue Type: Book Building

• Listing: Expected on September 30, 2025, on NSE and BSE

• Use of Proceeds:

  • Marketing and brand building: ₹81 crore

  • Debt repayment: ₹45 crore

  • General corporate purposes

How to Apply for the IPO

• Demat Account: Ensure you have an active Demat and Trading account.
• UPI ID: Link your UPI ID for payment authorization.

Application:

• • Log in to your trading platform (e.g., Zerodha, Upstox, ICICI Direct).

  • Navigate to the IPO section.

  • Select Jaro Institute IPO.

  • Enter the number of lots (16 shares per lot).

  • Confirm and submit your application.

• Payment: Approve the UPI mandate to block funds.

Expected Listing Price

The Grey Market Premium (GMP) indicates a potential listing gain of approximately 11%. With a GMP of ₹106, shares are expected to list between ₹952 and ₹996, depending on the final issue price

Is This IPO a Good Investment?

Pros:

• Strong Financials: Revenue has grown from ₹122 crore in FY23 to ₹252 crore in FY25, with a PAT margin of 20.34%

• Established Brand: Over 20,000 admissions, partnerships with IITs, IIMs, and international institutions.

• Market Demand: Rising need for online education and upskilling programs.

Cons:

• Regulatory Risks: Dependence on partner institutions for academic content and program delivery.

• Market Competition: Intense competition in the edtech sector.

• Geographical Concentration: Revenue primarily from the western region of India. 

Key Dates

• Subscription Period: September 23 – September 25, 2025

• Allotment Date: September 26, 2025

• Refunds Initiated: September 29, 2025

• Shares Credit to Demat: Septem

Conclusion

Jaro Institute's IPO presents an opportunity to invest in a leading player in the online education sector. With strong financials, a growing market, and established partnerships, the company is well-positioned for future growth. However, potential investors should consider the regulatory and competitive challenges before making an investment decision.