Jaro Institute of Technology Management & Research Subscription
Last updated on 25-Sep-2025 17:09:25
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 1011236 | 37610352 | 37.19 |
| HNIs | 758427 | 28306272 | 37.32 |
| HNIs 10+ | 505618 | 17996512 | 35.59 |
| HNIs 2+ | 252809 | 10309760 | 40.78 |
| Retail | 1769663 | 16214688 | 9.16 |
| Total | 3539326 | 82131312 | 23.21 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 2107 | 14600 | 6.93 |
| HNIs (2-10L) | 1053 | 42308 | 40.18 |
| Retail | 110604 | 918612 | 8.31 |
| Total Applications: 975520 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 90 | 3347.32 | 37.19 |
| FIIs | - | 699.15 | - |
| DIIs | - | 2015.79 | - |
| Mutual funds | - | 42.14 | - |
| Others | - | 590.24 | - |
| HNIs | 67.5 | 2519.26 | 37.32 |
| HNIs 10+ | 45 | 1601.69 | 35.59 |
| HNIs 2+ | 22.5 | 917.57 | 40.78 |
| Retail | 157.5 | 1443.11 | 9.16 |
| Total | 315 | 7309.69 | 23.21 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹44.4 | @8% ₹50.8 | @9% ₹57.1 | @10% ₹63.5 | @11% ₹69.8 | @12% ₹76.2 |
Jaro Institute of Technology Management & Research Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 16 | 14240 | 110604 |
| sHNI | 15 | 240 | 213600 | 1053 |
| bHNI | 71 | 1136 | 1011040 | 2107 |
Jaro Institute of Technology Management & Research Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 1516853 | 30% |
| QIB | 1011236 | 20% |
| HNI | 758427 | 15% |
| Retail | 1769663 | 35% |
| Total | 5056179 | 100% |
Jaro Institute of Technology Management & Research About
IPO Details
| Total Issue Size | 50,56,179 shares (aggregating up to ₹450.00 Cr) |
| Fresh Issue | 19,10,112 shares (aggregating up to ₹170.00 Cr) |
| Offer For Sale | 31,46,067 shares (aggregating up to ₹280.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,02,29,895 shares |
| Share Holding Post Issue | 2,21,56,289 shares |
Key Performance Indicator (KPI)
| KPI | Mar-25 | Mar-24 Cons. | Mar-23 Cons. |
|---|---|---|---|
| ROE | 35.76% | 37.82% | 15.05% |
| ROCE | 37.38% | 40.90% | 19.12% |
| EPS (basic) | 25.35 | 18.71 | 5.73 |
| P/E Pre IPO | 34.88 | ||
| P/E Post IPO | 38.17 |
Company Financials (In ₹Crore)
| Period Ended | Mar-25 | Mar-24 Cons. | Mar-23 Cons. | Mar-22 Cons. |
|---|---|---|---|---|
| Assets | 276.7 | 201.76 | 175.75 | 130.71 |
| Total Income | 254.02 | 202.57 | 124.59 | 86.88 |
| Profit After Tax | 51.67 | 38.01 | 11.42 | 33.18 |
| Net Worth | 171.55 | 37.97 | 11.65 | 33.23 |
| Reserves and Surplus | 151.31 | 117.43 | 83.57 | 68.25 |
| Total Borrowing | 51.11 | 24.85 | 37.77 | 24.58 |
Peer Comparision
There are no listed companies in India or globally (outside India) that engage in a business similar to that of the Company.About Company
Incorporated in 2009, Jaro Institute of Technology Management and Research Limited (Jaro Education) is an online higher education company with a pan-India presence. The company operates:
- 22 offices-cum-learning centres across major cities for offline learning.
- 15 immersive tech studio set-ups located on IIM campuses.
As of March 31, 2024, Jaro Education has partnered with 34 institutions.
Partnerships
- The roster includes premier Indian and global institutions such as IITs, IIMs, Swiss School of Management, and Rotman School of Management, University of Toronto.
- Out of 34 partner institutions, 24 are ranked among the top 100 in their respective streams by NIRF 2024.
- Jaro Education has received recognition from Symbiosis International (Deemed University), IITs, and IIMs for providing support in:
- Technology and infrastructure for lecture delivery
- Marketing and promotion
- Student acquisition and support
Program Offerings
Degree Programs (with 13 Indian Universities; 9 ranked in NIRF Top 100, 2024):
- Doctor of Business Administration (DBA)
- Master of Business Administration (MBA)
- Master of Commerce (M.Com)
- Master of Arts (M.A.)
- Post Graduate Diploma in Management (PGDM)
- Master of Computer Applications (MCA)
- Bachelor of Commerce (B.Com)
- Bachelor of Computer Applications (BCA)
Certification Courses (21 Indian Institutes including 7 IIMs and 6 IITs; 2 ranked in NIRF Top 100, 2024):
- Management
- Fintech
- Data Science
- Business Analytics
- Design Thinking
- Digital Marketing
Marketing, brand building and advertising activities: 81.00 cr
Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company: 45.00 cr
General Corporate Purposes
Strength
Market Leadership with Strong Brand Presence: Since 2009, the company has established itself as an early mover in online higher education and upskilling, backed by top-tier university partnerships, a diversified portfolio, and customized delivery models, ensuring strong brand recognition and leadership in the sector.
Stable Revenue through Strong Client Relationships: Long-term collaborations with leading universities and institutions provide predictable revenue, global reach, and innovation in pedagogy, while also enhancing enrolments and revenue streams for partner institutions.
Diverse and High-Quality Offerings: With a proven track record in delivering both degree programs and certification courses ranging from short-term to long-term durations, the company caters to varied learner needs, ensuring flexibility and quality education delivery.
Weakness
Learner Retention and Acquisition Risk: The company’s growth depends on its ability to retain existing learners and attract new ones; failure to do so may adversely impact revenues and future prospects.
Dependence on Key Personnel: The business heavily relies on the leadership of its Chairman, senior management, and key employees; high attrition or inability to retain talent could negatively affect operations.
Reliance on Partner Institutions: Revenue is dependent on sharing agreements with partner institutions; any reduction in their revenue share could lower income and increase learner acquisition costs.
Jaro Institute of Technology Management & Research Lead Manager(s)
Jaro Institute of Technology Management & Research Address
11th Floor, Vikas Centre,
Dr. C.G. Road,
Chembur – East,
Mumbai, Maharashtra, 400074
Phone: 022 2520 5763
Email: cs@jaro.in
Website: https://www.jaroeducation.com/
Jaro Institute of Technology Management & Research Registrar
Jaro Institute of Technology Management & Research Reviewers
| Reviewer | Recommendation | File |
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