Jaro Institute IPO Details

Introduction

Jaro Institute of Technology Management & Research is opening its public issue from September 23–25, bringing a slice of India’s surging online education market to the stock exchanges. Established in Mumbai in 2009, Jaro has stitched together an impressive network of partnerships covering top-tier Indian and global colleges, offering degree and certification programs in fields ranging from management to digital skills. The IPO is set at a ₹450 crore issue size and aims to fuel further brand building, technology upgrades, and debt reduction—all while giving the original promoters partial exit liquidity.

IPO Digest

• Subscription dates: September 23–25, 2025
• Issue size: ₹450 crore (Fresh ₹170 crore + OFS ₹280 crore)
• Price band: ₹846 – ₹890 per share
• Lot size: 16 shares (for retail applicants)
• Minimum investment: ₹14,240 per lot
• Maximum retail: 14 lots (₹1,99,360, 224 shares)
• Listing: September 30, 2025 on BSE and NSE
• Book running lead managers: Nuvama Wealth, Motilal Oswal, Systematix
• Registrar: Bigshare Services Pvt. Ltd.

The Business Edge

Jaro stands out as a partner-led EdTech specialist with collaborations across IITs, IIMs, and international schools. Their blend of hybrid studios, e-learning, live campus events, and custom content allows Indian students to access degrees and upskill affordably—even in remote places. Over 36 partner institutions, 22 office-cum-learning centers, and more than 268 degree programs form the backbone. Jaro leverages digital tools to streamline admissions, applicant tracking, and personalized support in a sector where retention is as vital as acquisition.

Financials Snapshot

Metric	FY23	FY24	FY25
Revenue	₹1,221 Mn	₹1,991 Mn	₹2,523 Mn
PAT	₹117 Mn	₹380 Mn	₹517 Mn
EBITDA Margin	—	32%	33%
ROE	—	35.7%	35.8%
Debt/Equity Ratio	—	—	0.30
ROCE	—	—	37.4%

 

Objects of the Issue 

The Company Jaro Institute IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No.	Objects of the Issue	Expected Amount (₹ in crores)
1	Marketing, brand building and advertising activities	81.00
2	Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company	45.00
3	General corporate purposes

 

Market Context

Online education is booming in India, with digital-first learning now considered essential. National policies and a young population are structural tailwinds. The challenge remains standing out among many players—Jaro’s focus on top-class partnerships and performance-based campaigns gives it staying power. Still, it faces risks from market saturation, technology shifts, and the need for continual academic recognition.

How To Apply for the Online?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 
• JM Financial Services will notify you of your IPO allotment status via push notification and email. 

FAQs :-

Q: What dates should I note for the Jaro IPO?
September 23–25, 2025 for subscription; September 30 for listing.

Q: What is the minimum/maximum retail investment?
Minimum is ₹14,240 (one lot, 16 shares); maximum for retail is 14 lots (₹1,99,360, 224 shares).

Q: What will the company do with fresh funds?
Brand, marketing, tech upgrades, and debt repayment.

Q: How strong is Jaro compared to other EdTech IPOs?
Jaro leads in margins and institutional partnerships compared to larger revenue players showing losses or unstable margins.

Q: What risks should investors track?
Competition in online education, student engagement, tech reliability, regulatory recognition, and market acceptance.

Q: How do I apply and check allotment?
Via your broker’s IPO section; use UPI for payment. After subscription, use the same portal/app to check allotment status or read broker notifications.