Jaro Education IPO subscribed nearly 10 times so far on day 3; check allotment date and steps

Jaro Education IPO: The initial public offer of Jaro Institute of Technology Management and Research Ltd (Jaro Education) attracted 9.81 times subscription so far on the third day of bidding on Thursday.

The ₹450 crore IPO fetched bids for 3,65,08,848 shares against 37,23,404 shares on offer, as per NSE data until 2:30 pm.

The initial share sale is a mix of new equity shares valued at ₹170 crore and an offer for sale (OFS) aggregating to ₹280 crore by promoter Sanjay Namdeo Salunkhe. The price range is fixed at ₹846 to ₹890 per share, and a lot consists of 16 shares.

Of the fresh issue proceeds, ₹81 crore will be used for marketing and advertising activities, ₹45 crore for debt clearance and the rest for general corporate purposes.

Jaro Education offers degree and certification courses in collaboration with its partner institutions.

As of March 2025, it has more than 22 offices-cum-learning centres across key cities for offline learning, along with 17 immersive tech studio set-ups in the campuses of various IIMs. It caters to 36 partner institutions, such as IITs, IIMs and prestigious global institutions like the Swiss School of Management and the Rotman School of Management.

Jaro Education IPO allotment date

Jaro Education IPO allotment status will likely be finalised on Friday, September 26.

Jaro Education IPO allotment status on NSE; check steps

• Visit this page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Choose 'JARO' from the 'Select Symbol' dropdown
• Add your Permanent Account Number (PAN) details and application number
• Press the 'Submit' button

How to check Jaro Education IPO allotment status on BSE

• Go to BSE's IPO allotment portal: https://bseindia.com/investors/appli_check.aspx
• Issue type should be 'Equity'
• Choose 'Jaro Institute' from the 'Issue Name' list
• Mention PAN or application number
• Press the 'Search' button

Steps to check Jaro Education IPO allotment status on Bigshare Services

• Head to the registrar's website: www.bigshareonline.com/ipo_Allotment.html
• Select any server from three available
• Click on 'Jaro Institute' from the list
• Enter any one: Application number, beneficiary ID, or PAN
• Click on the ‘Search’ button

Jaro Education IPO GMP

According to investorgain.com and media reports, Jaro Education's unlisted shares are trading at ₹1000 per share, reflecting a grey market premium (GMP) of 12.36% over the upper price band of ₹890.