Jaro Institute IPO Day 1: Check GMP, Subscription Status & Key Highlights
Jaro Institute of Technology Management & Research is an online higher education and upskilling services provider in India. The Jaro Institute IPO opened today, September 23, 2025, for public subscription. The bidding window will remain open till September 25, 2025. The allotment process is expected to be finalised on Friday, September 26, 2025. The Jaro Institute IPO will be listed on the BSE and NSE, with a tentative listing date set for Tuesday, September 30, 2025.
Jaro Institute of Technology Management & Research - IPO Details
Jaro Institute IPO is a bookbuilding IPO with a total issue size of ₹450 crores. The issue comprises a fresh issue of 0.19 crore shares, aggregating to ₹170 crore, and an offer for sale of 0.31 crore shares, aggregating to ₹ 280 crore. The issue price band is set at ₹846 - ₹890 per share. The minimum lot size of the issue is 16, with a minimum investment of ₹13,536.
Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited and Systematix Corporate Services Limited are the book-running lead managers of the Jaro Institute IPO. At the same time, Bigshare Services Private Limited is the registrar for the issue.
Jaro Institute IPO Day 1 Subscription Status
(September 23, 2025, 12:50 PM)
On Day 1, the Jaro Institute IPO was subscribed 0.44 times. The public issue was subscribed to 0.33 times in the retail category, 0.00 times in QIB, and 1.29 times in the NII category.
Utilisation of Proceeds
The Company will utilise the net proceeds of the issue for the following purposes:
- Marketing, brand building and advertising activities.
- Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company.
- General corporate purposes.
Jaro Institute GMP Details
According to Business Standard, the Grey Market Premium (GMP) of Jaro Institute of Technology Management & Research stood at ₹122 as of September 23, 2025, 12:33 p.m. This indicates that the estimated listing price of the shares can be around ₹1012, based on the upper end of the price band at ₹890. The expected gain per share is 13.71%.
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Source: Business Standard Media Report dated September 23, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
About Jaro Institute of Technology Management & Research
Jaro Institute of Technology Management & Research Ltd (Jaro Education) is an India-based edtech/higher-education company founded in 2009 by Dr Sanjay Salunkhe. It offers online, hybrid, and in-person degrees, as well as executive and certificate programmes in collaboration with partner institutions such as IITs, IIMs, and global schools.
It has a presence across 22 learning centres/offices in major Indian cities and over 17 immersive tech studios in IIM campuses. As of FY25, it offers 268 programs. In FY25, Jaro reported revenue of ₹252.26 crore and a profit of ₹51.67 crore.
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