Mr. Sanjay Namdeo Salunkhe, Chairman and Managing Director of Jaro Institute Of Technology Management And Research Limited at the IPO Press Conference held in Mumbai today.
Mumbai, September 18, 2025: Jaro Institute of Technology Management and Research Limited has fixed the price band of ₹846/- to ₹890/- per Equity Share of face value ₹10/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, September 23, 2025, for subscription and close on Thursday, September 25, 2025. Investors can bid for a minimum of 16 Equity Shares and in multiples of 16 Equity Shares thereafter.
The IPO is a mix of fresh issue of shares up to 170 crore equity shares and an offer for sale up to 280 crore equity shares promoters selling shareholders.
Jaro Education proposes to utilize Rs. 81 cr from the Net Proceeds for marketing, brand building and advertising activities and Rs 45 crore for Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company and general corporate purposes
An early mover in the online higher education and upskilling space, Jaro Education was established in 2009 by Namdeo Salunkhe, the CMD and a first-generation entrepreneur with over 17 years of experience in the education sector. He is supported by Ranjita Raman, the CEO and whole-time director who has 15+ years’ experience in the education sector. The institute delivers personalized, technology-driven degree programs and certification programs in collaboration with its Partner Institutions to students as well as C-Suite personnel
As on 31st March 2025, Jaro Education has over 22 offices-cum-learning centres across major cities for offline learning, apart from 17 immersive tech studio set-ups in the campuses of various IIMs, and cater to a total of 36 Partner Institutions such as IITs, IIMs and premier global institutions such as Swiss School of Management and Rotman School of Management, University of Toronto.
It offers 268 course offerings and programs including 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 programs in partnership with 17 universities in India, out of which 14 universities have been ranked in the top 100 by National Institutional Ranking Framework.
Additionally, it provides online, hybrid, and in-person certification courses in areas such as management, fintech, data science, business analytics, design thinking and digital marketing, in partnership with 21 institutes in India, including 7 IIMs and 7 IITs, and 2 other institutions which have been ranked in the top 100 by NIRF.
Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited and Systematix Corporate Services Limited are the book-running lead managers, and Bigshare Services Private Limited is the registrar to the offer.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the net offer shall be available for allocation to non-institutional bidders, and not less than 35% of the net offer shall be available for allocation to retail individual bidders.
Regards,
Salim Ansari
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