Jaro Institute IPO to hit Dalal Street on September 23: Check price band, lot size and objectives

Jaro Institute IPO: Leading online higher education and upskilling platform Jaro Institute of Technology Management and Research Limited will launch its ₹450 crore initial public offering on Tuesday, September 23. The offer will conclude on September 25.

It has set a price band of ₹846 to ₹890 crore. The initial share sale comprises a fresh issuance of equity shares worth ₹170 crore and an offer for sale amounting to up to ₹280 crore by promoter Sanjay Namdeo Salunkhe.

The objectives of the offer include prepayment or scheduled repayment of outstanding borrowings and marketing, brand building and advertising activities. A part will also be used for general corporate purposes.

Jaro Institute IPO: Lot size

Investors can apply for the IPO of Jaro Institute, which operates under the brand 'Jaro Education', for a minimum of one lot or 16 shares.

Half of the offer has been kept for qualified institutional buyers, 15% for non-institutional investors and the remaining 35% for retail investors.

Jaro Institute IPO timeline: Allotment and listing date

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

About Jaro Institute

Jaro Institute of Technology Management and Research Limited is among India's leading online higher education and upskilling platform companies. It delivers personalised, technology-driven degree and certification programmes in collaboration with partner institutions.

The company's repertoire includes Doctor of Business Administration (DBA), Master of Business Administration (MBA), Master of Arts (M.A.), Master of Commerce (M.Com), Postgraduate Diploma in Management (PGDM), Master of Computer Applications (MCA), Bachelor of Computer Applications (BCA), Bachelor of Commerce (B.Com) and other degree programmes.

It also provides online, hybrid and in-person certification courses in fintech, management, data science, design thinking, business analytics, and digital marketing.