Jaro Institute of Technology Management and Research IPO
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Schedule of Jaro Institute of Technology Management and Research
| Issue open date | 23 Sep 2025 |
| Issue close date | 25 Sep 2025 |
| UPI mandate deadline | 25 Sep 2025 (5 PM) |
| Allotment finalization | 26 Sep 2025 |
| Refund initiation | 29 Sep 2025 |
| Share credit | 29 Sep 2025 |
| Listing date | 30 Sep 2025 |
| Mandate end date | 10 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 26 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 25 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Jaro Institute of Technology Management and Research
Founded in 2009 by Dr. Sanjay Salunkhe, Jaro Institute of Technology Management and Research (Jaro Education) is a leading Indian edtech company specializing in online higher education and executive upskilling programs. The company partners with over 32 institutions, including 7 IIMs, 6 IITs, and international universities like the University of Toronto’s Rotman School of Management, offering more than 250 programs across management, technology, and analytics domains.
Financials of Jaro Institute of Technology Management and Research
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹450 crores |
| Fresh Issue | ₹170 crores |
| Offer for sale | ₹280 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Brand building | 81 (47.64%) |
| Repayment of borrowings | 45 (26.4%) |
| General corporate purposes | 44 (25.8%) |
Strengths
- Established partnerships with over 32 esteemed institutions, including IIMs, IITs, and international universities.
- Diverse portfolio of 250+ programs spanning management, technology, and analytics.
- Consistent profitability since inception, indicating a sustainable business model.
- Recognised with industry awards, enhancing brand credibility and market position.
- An extensive alumni network of over 350,000 professionals, reflecting a broad market reach.
Risks
- Dependence on partner institutions for program offerings and content quality.
- Revenue sharing agreements with partners may be renegotiated, affecting margins.
- Potential for partner institutions to independently market programs, increasing competition.
- Reputation risk if partner institutions’ course quality declines.
- Market competition from other edtech firms could impact growth and profitability.
Allotment Status for Jaro Institute of Technology Management and Research
To check your allotment status – click here.
Subscription Figures for Jaro Institute of Technology Management and Research
As per media reports (Link), the Grey Market Premium (GMP) of Jaro Institute of Technology Management and Research is reported at ₹123 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 23, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 10.11 | 4.96 | 0.49x |
| NII | 7.58 | 14.52 | 1.91x |
| Retail | 17.69 | 12.95 | 0.73x |
| Total | 35.39 | 32.43 | 0.92x |