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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹450.00 Cr |
| Fresh Issue | ₹170.00 Cr |
| Offer for Sale | ₹280.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹846.00-890.00 per share |
| BSE Code | 544534 |
| NSE Code | JARO |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Motilal Oswal Investment Advisors... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 16 shares and in multiples thereof
Incorporated in 2009, Jaro Institute of Technology Management and Research Limited (Jaro Education) is an online higher education and upskilling platform.
As of March 31, 2025, Jaro has a pan-India presence with over 22 offices-cum-learning centres across major cities for offline learning, along with 17 immersive tech studio set-ups located within various IIM campuses. Through these facilities, the company caters to a total of 36 Partner Institutions.
The company offers and delivers a wide range of online degree programs such as DBA, MBA, M.Com, M.A., PGDM, MCA, M.Sc, B.Com, and BCA, along with cross-disciplinary certification courses. These programs are provided in partnership with 36 institutions, as of March 31, 2025.
As of March 31, 2025, 268 degree programs and certification courses are offered by the company's Partner Institutions, which Jaro Education markets and facilitates.
As of March 31, 2025, the company had 860 employees.
Business Strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 | 30.15 |
| Period Ended | 31 Mar 2025 |
|---|---|
| Assets | 276.70 |
| Total Income | 254.02 |
| Profit After Tax | 51.67 |
| EBITDA | 83.58 |
| NET Worth | 171.55 |
| Reserves and Surplus | 151.31 |
| Total Borrowing | 51.11 |
| Amount in ₹ Crore | |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 35.76% |
| ROCE | 37.38% |
| Debt / Equity | 0.30% |
| RoNW | 30.12% |
| PAT Margin | 20.34% |
| EBITDA Margin | 33.13% |
| Price to Book Value | 10.50 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 25.52 | 23.32 |
| P/E (x) | 34.88 | 38.17 |
| Promoter Holding | 78.28% | 57.32% |
| Market Cap | ₹1971.91 Cr. | |
