Jaro Institute of Technology Management & Research Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | Not more than 50% of the Offer size | — | ₹0 Cr |
| NII (HNI) | — | Not less than 15% of the Offer | — | ₹0 Cr |
| Retail | — | Not less than 35% of the Offer | — | ₹0 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,240 |
| Retail (Max) | 13 | 208 | ₹185,120 |
| S-HNI (Min) | 14 | 224 | ₹199,360 |
| B-HNI (Min) | 67 | 1,072 | ₹954,080 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 254 | 203 | 125 |
| EBITDA | 84 | 64 | 26 |
| Profit After Tax | 52 | 38 | 12 |
| Net Worth | 172 | 117 | 78 |
| Total Assets | 277 | 202 | 176 |
| Reserves & Surplus | 151 | 102 | 63 |
| Total Borrowing | 51 | 25 | 38 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Marketing, brand building and advertising activities – 81.00
- Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company – 45.00
- General corporate purposes –
Company Overview
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