Jaro Education IPO
Jaro Education IPO — date, price band, lot size & details 2025
Jaro Education listed on 30 Sep 2025 at ₹890, flat to the ₹890 issue price.
Jaro Institute of Technology Management and Research, known as Jaro Education, is an online higher education and upskilling platform. It worked with 36 partner institutions on 31 March 2025.
Stock price
Jaro Education is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 23 Sep 2025
- Close 25 Sep 2025
- Allotment 26 Sep 2025
- Refund/credit 29 Sep 2025
- Listing 30 Sep 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 25 Sep, 2025 |
|---|---|
| Price Band | ₹846 – ₹890 |
| Face Value | ₹10 |
| Lot Size | 16 Shares |
| Issue Size | ₹450 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 14,240 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 16 shares at the ₹890 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 16 | ₹14,240 |
| Retail (max) | 14 | 224 | ₹1,99,360 |
| S-HNI (min) | 15 | 240 | ₹2,13,600 |
| S-HNI (max) | 70 | 1,120 | ₹9,96,800 |
| B-HNI (min) | 71 | 1,136 | ₹10,11,040 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income was Rs 254.02 crore and profit after tax was Rs 51.67 crore in FY2025.
- 02The PAT margin was 20.34% and the EBITDA margin was 33.13%.
- 03Return on equity was 35.76% and return on capital employed was 37.38%.
- 04The company worked with 36 partner institutions on 31 March 2025.
- 05Rs 45.00 crore of the fresh issue was for repaying debt.
Risks · 6
- 01The source gives financials only for FY2025, so growth over earlier years cannot be read from these figures.
- 02Rs 280.00 crore of the Rs 450 crore issue was offer for sale and did not reach the company.
- 03The P/E was 38.17 at the upper band of Rs 890, based on post-issue EPS of Rs 23.32.
- 04Rs 81.00 crore of the proceeds was for marketing, which is a running cost.
- 05Income depends on 36 partner institutions, so losing major partners would hurt.
- 06Promoters held 78.28% before the issue and held 57.32% after it.
The numbers
All figures in ₹ crore, as reported in the Jaro Education offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Jaro Education RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Jaro Education IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹25.52 | ₹23.32 |
| P/E Ratio (x) | 34.88 | 38.17 |
| Market Cap at Offer Price (₹ Cr) | ₹1,801.97 | ₹1,971.97 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹890 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹192.81 Cr of the issue is earmarked to named objects.
Jaro Education IPO Anchor Investors
19 anchor investors across 15 fund houses committed ₹135.00 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The programmes include DBA, MBA, M.Com, M.A., PGDM, MCA, M.Sc, B.Com and BCA. On 31 March 2025 it worked with 36 partner institutions, including 7 IIMs and 7 IITs.
The company had over 22 offices-cum-learning centres and 17 immersive tech studio set-ups within IIM campuses.
The IPO was Rs 450 crore, with Rs 170.00 crore of fresh issue and Rs 280.00 crore of offer for sale. Rs 81.00 crore was planned for marketing and brand building.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Jaro Education IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Nuvama Wealth Management Ltd.
23 issues handledBest listing: Sambhv Steel Tubes (+34.1%). Weakest: Ajax Engineering (-8.4%).
Motilal Oswal Investment Advisors
40 issues handledBest listing: GNG Electronics (+49.8%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Systematix Corporate Services Limited
8 issues handledBest listing: ESDS Software Solution (+76.5%). Weakest: Acevector (-11.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Jaro Education?
The current Grey Market Premium is ₹40, or 4% over the issue price.
What is the Jaro Education IPO price band?
₹846 to ₹890, on a face value of ₹10.
When is the allotment?
The basis of allotment is 26 September 2025, with listing on 30 September 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
