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Jaro Institute IPO
Price Band
₹846.0–890.0
Issue Size
₹450.0 Cr
Lot Size
16 shares
Min Investment
₹14,240
GMP
+₹43.0 (4.83%)
Issue Price
₹890.0
Subject to Sauda
₹500
Paid only if allotted
Jaro Institute IPO AI Summary
- Jaro Institute IPO is listed on BSE, NSE in the E-Learning sector.
- Price band: ₹846.0–₹890.0 per share, lot size 16 shares (min. investment ₹14,240).
- Subscription window: 23 Sep–25 Sep 2025, listing on 30 Sep 2025.
- Current GMP is +₹43.0 (4.83%), an estimated listing price of ₹933 — unofficial and can change daily.
Jaro Institute is a prominent player in the online education sector, offering a wide range of programs through partnerships with various institutions. The IPO aims to raise ₹450 Cr, with proceeds directed towards marketing, debt repayment, and general corporate purposes.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Jaro Institute IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 25 Sep 2025 — not a current signal.
2 of 2 reviewers say Neutral
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Jaro Institute IPO Grey Market Premium (GMP) Today
GMP
+₹43.0
GMP %
+4.83%
Est. Listing
₹933.0
Updated: 25 Jul 2026 14:12
About the Company
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 Market leading position in online higher education and upskilling space Comprehensive solutions to Partner Institutions and Learners High revenue predictability backed by long-lasting, robust client relationships Proven track record in facilitating delivery of high quality and diversified offerings Leveraging technology and digitalization Experienced senior management team with deep industry expertise and proven track record
Company Financials (₹ Cr)
As of 2025-03-31
| 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 |
Key Ratios
EPS
₹25.52
NAV
₹84.77
ROE
35.76%
ROCE
37.38%
RoNW
30.12%
P/B Value
10.50
P/E Ratio
34.88
Market Cap
₹1971.91 Cr
PAT Margin
20.34%
Debt/Equity
0.30
Promoters
Sanjay Namdeo Salunkhe and Balkrishna Namdeo Salunkhe
Objects of the Issue
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 4 Issue Expenses 36.65 Total 192.81
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
For the fiscal year ending March 31, 2025, Jaro Education reported a total income of ₹254.02 Cr.
Profit Trend
The profit after tax for the period ending March 31, 2025, was ₹51.67 Cr.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the potential listing price of an IPO. It reflects the demand for the shares in the grey market, which is not regulated by stock exchanges. A positive GMP indicates that the shares are likely to list at a premium, while a negative GMP suggests a potential discount.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. Factors such as the company's market position, financial health, and growth prospects should be considered.
Who May Want to Wait
Investors who prefer stable, low-risk investments may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties associated with new listings.
IPO Timeline, Explained
The IPO process involves several key dates: the issue opens for subscription on September 23, 2025, and closes on September 25, 2025. Allotment of shares is expected by September 26, 2025, with the listing date set for September 30, 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may experience a surge in price on their first day of trading, others may not perform as expected. Factors influencing listing performance include market conditions, investor sentiment, and the company's fundamentals.
This evaluation is generated from Jaro Institute's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Jaro Institute IPO GMP today?
Jaro Institute IPO GMP today is +₹43.0 (4.83%), indicating an estimated listing price of ₹933. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Jaro Institute IPO?
The price band of Jaro Institute IPO is ₹846.0–₹890.0 per share.
When does Jaro Institute IPO open and close?
Jaro Institute IPO opens on 23 September 2025 and closes on 25 September 2025.
When does Jaro Institute IPO list on the stock exchange?
Jaro Institute IPO listed on 30 September 2025 at ₹933.0.
What is the lot size for Jaro Institute IPO?
The lot size for Jaro Institute IPO is 16 shares, requiring a minimum investment of ₹14,240.
What is the price band for the Jaro Institute IPO?
The price band for the Jaro Institute IPO is ₹846.0 to ₹890.0.
What is the minimum investment required?
The minimum investment required is ₹14,240.0.
What is the lot size for this IPO?
The lot size for the Jaro Institute IPO is 16 shares.
When is the listing date for the Jaro Institute IPO?
The listing date for the Jaro Institute IPO is September 30, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount of the IPO shares in the grey market prior to listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Sep 2025
Close
25 Sep 2025
Allotment
26 Sep 2025
Listing
30 Sep 2025
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