Jaro Institute of Technology Management and Research Limited’s Initial Public Offering to Open on Tuesday, September 23, 2025
Mumbai, September 19, 2025: Jaro Institute of Technology Management and Research Limited is set to launch its maiden Initial Public Offering (IPO), which will open for subscription on Tuesday, September 23, 2025, and close on Thursday, September 25, 2025.
The IPO consists of a fresh issue of equity shares aggregating up to 170 crore and an offer for sale of up to 280 crore equity shares by the promoters and selling shareholders. Investors can bid for a minimum of 16 equity shares and in multiples of 16 thereafter.
Jaro Education plans to use a portion of the net proceeds to fund marketing, brand building, and advertising initiatives, as well as prepayment or scheduled repayment of certain borrowings, in addition to general corporate purposes.
An early mover in the online higher education and upskilling space, Jaro Education was established in 2009 by Namdeo Salunkhe, 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 brings over 15 years of expertise in the field.
The institute delivers personalized, technology-enabled degree and certification programs in collaboration with its partner institutions, catering to both students and working professionals, including C-suite executives.
As of March 31, 2025, Jaro Education operates 22 offices-cum-learning centres across major Indian cities for offline learning and maintains 17 immersive tech studios on the campuses of various IIMs. The company partners with 36 institutions, including IITs, IIMs, and renowned global schools such as the Swiss School of Management and the Rotman School of Management, University of Toronto.
Jaro offers 268 programs across a wide academic spectrum, including DBA, MBA, M.Com., MA, PGDM, MCA, B.Com., BCA, and other degree programs in collaboration with 17 Indian universities, 14 of which are ranked among the top 100 by the National Institutional Ranking Framework (NIRF).
In addition, the company provides online, hybrid, and in-person certification courses in areas like management, fintech, data science, business analytics, design thinking, and digital marketing. These are delivered in collaboration with 21 Indian institutions, including 7 IIMs, 7 IITs, and 2 other NIRF top 100-ranked institutions.
Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, and Systematix Corporate Services Limited are acting as book-running lead managers, while Bigshare Services Private Limited is the registrar to the offer.
The IPO is being conducted through the book-building process, with:
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Not more than 50% of the net offer reserved for Qualified Institutional Buyers (QIBs)
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At least 15% for Non-Institutional Investors (NIIs)
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At least 35% for Retail Individual Investors (RIIs)
