return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. IPO
    /
  5. Jaro Education IPO day 1: Live subscription status, price band, lot size, objectives, key dates and more

Market News

Jaro Education IPO day 1: Live subscription status, price band, lot size, objectives, key dates and more

Kamal Joshi
By Kamal Joshi

3 min read | Updated on September 23, 2025, 15:57 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

Jaro Education IPO consists of a fresh issuance of shares aggregating to ₹170 crore and an offer for sale (OFS) of shares worth ₹280 crore by promoter Sanjay Namdeo Salunkhe.

Established in 2009, Jaro Education provides degree and certification programmes in association with its partner institutions. | Image: Pixabay

Established in 2009, Jaro Education provides degree and certification programmes in association with its partner institutions. | Image: Pixabay

Jaro Education IPO: The initial public offering of Jaro Institute of Technology Management and Research Ltd launched on Tuesday, September 23, to raise ₹450 crore. The issue, with a price band of ₹846 to ₹890 per share, will end on September 25.

The initial share sale consists of a fresh issuance of shares aggregating to ₹170 crore and an offer for sale (OFS) of shares worth ₹280 crore by promoter Sanjay Namdeo Salunkhe.

The fresh issue proceeds to the tune of ₹81 crore will be allocated for marketing, brand building and advertising activities, ₹45 crore for repaying certain debt and the rest for corporate general purposes.

Retail investors can apply for at least 16 shares and in multiples thereafter.

Jaro Education IPO day 1: Subscription status

On day 1 so far, the IPO received bids for 25,51,680 shares against 37,23,404 shares on offer, leading to 69% subscription, as per NSE data until 3:57 pm.

CategorySubscription Status
Qualified Institutional Buyers (QIBs)12%
Non-Institutional Investors1.64 times
Retail Investors60%
Total69%

Before the IPO, the company mopped up ₹135 crore from anchor investors, including Citigroup Global Markets Mauritius, Societe Generale, 360 ONE fund, Nomura Singapore, WhiteOak Capital Mutual Fund (MF) and ITI MF.

The company allocated 15.16 lakh shares to 19 funds at ₹890 apiece.

Established in 2009, Jaro Education provides degree and certification programmes in association with its partner institutions.

As of March 2025, it has more than 22 offices-cum-learning centres across major cities, apart from 17 immersive tech studio establishments in the campuses of various IIMs. It caters to around 36 partner institutions, such as IITs, IIMs and premier global institutions like Rotman School of Management and Swiss School of Management. It provides 268 course offerings and programmes in diverse domains.

Systematix Corporate Services, Nuvama Wealth Management, and Motilal Oswal Investment Advisors are book-running lead managers, while Bigshare Services serves as the registrar.

Trending: Not just Great Indian Sale and Big Billion Days as 10 IPOs launched on September 23: Here’s how they’re performing

Jaro Education IPO latest GMP

According to investorgain.com and media reports, unlisted shares of the Jaro Education IPO are trading at ₹1012 per share, reflecting a grey market premium (GMP) of 13.71% over the upper price band of ₹890.

Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
To add Upstox News as your preferred source on Google, click here.
SIP
Consistency beats timing.
promotion image

About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

Next Story