Jaro Institute IPO Date, Review, Price, Allotment Details
The Jaro Institute IPO will open on September 23, 2025, and close on September 25, 2025. This is a Book Built Issue through which the company aims to raise about ₹450 crores, consisting of a fresh issue of ₹170 crores and an offer for sale of up to 31,46,067 equity shares with a face value of ₹10 each.
The IPO price band has been fixed at ₹846 to ₹890 per share. The issue allocation reserves 50% for Qualified Institutional Buyers (QIBs), 15% for High Net-worth Individuals (HNIs), and 35% for retail investors. The basis of allotment will be finalized on September 26, 2025, and the shares are proposed to list on BSE and NSE on September 30, 2025.
From a financial perspective, Jaro Institute has shown strong growth. Its revenue increased from ₹124.59 crores in 2023 to ₹202.57 crores in 2024, while net profit rose from ₹11.42 crores in 2023 to ₹38.01 crores in 2024. Considering this performance, analysts suggest that investors may view this IPO as a long-term investment opportunity.
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 
Jaro Institute IPO Market Lot
The minimum market lot for the Jaro Institute IPO is 16 shares, requiring an application amount of ₹14,240. Retail investors can apply for a maximum of 13 lots, which equals 224 shares with a total investment of ₹1,99,360.
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 30% 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 will open on September 23, 2025, and close on September 25, 2025. The share allotment is scheduled to be finalized on September 26, 2025, and the IPO will be listed on BSE and NSE on September 30, 2025.
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 repayment of a portion of certain outstanding borrowings availed by the Company 48.00 -% General Corporate Purpose – -%
About Jaro Institute IPO
Jaro Institute is a leading online platform for higher education and upskilling, supported by a strong financial performance as of March 31, 2023, with satisfactory EBITDA, profit margins, and returns on equity and capital. The firm’s growth is driven by its experienced entrepreneur and managing directors, who bring 17 years of expertise in the online education sector.
The company operates across India with a pan-India presence, including 22 offices and learning centers to provide offline learning support. Jaro Institute collaborates with 34 partner institutions, leveraging its deep experience to deliver high-quality educational programs and upskilling solutions nationwide.
Jaro Institute IPO Company Financial Report
Jaro Institute’s revenue grew significantly from ₹124.59 crores in 2023 to ₹202.57 crores in 2024. Its net profit also rose sharply from ₹11.42 crores in 2023 to ₹38.01 crores in 2024, reflecting strong year-on-year growth and improved profitability.
Amount in Crores (₹)
Period Ended Revenue Expense PAT Assets 2022 ₹86.88 ₹75.49 ₹33.18 ₹130.71 2023 ₹124.59 ₹108.95 ₹11.42 ₹175.75 2024 ₹202.57 ₹148.22 ₹38.01 ₹201.76
Jaro Institute IPO Valuation – FY2024
Check Jaro Institute IPO valuation details like Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 37.82% ROCE: 40.90% EBITDA Margin: 31.93% PAT Margin: 18.75% Debt-to-equity ratio: 0.21 Earning Per Share (EPS): ₹18.90 (Basic) Price/Earnings (P/E) Ratio: N/A Return on Net Worth (RoNW): 32.35% Net Asset Value (NAV): ₹58.43
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.
IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
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: cs@jaro.in
Website: https://www.jaroeducation.com/