Jaro Institute of Technology Management & Research is an online higher education and upskilling platform company. They market and facilitate the delivery of a diversified range of online degree programs and are now all set to test their fortune in the stock market. The company is launching a Rs 450 crore offer, and the IPO is open between September 23 and September 25.
Here is a quick look at the key highlights of the IPO, ranging from GMP to price band, and we get you analysts’ views to understand if this IPO is worth applying for-
Jaro Institute of Technology IPO: Issue details, structure
The Rs 450 crore Jaro Institute of Technology IPO is a combination of OFS and fresh issuance. This IPO will see a fresh issue of Rs 170 crore, amounting to 0.19 crore shares, and the offer for sale accounts for 0.31 crore shares and aggregates to Rs 280 crore.
The price band for the Jaro Institute IPO has been set at Rs 846-890 per share. The lot size comprises a minimum of 16 shares, and retail investors need to put in at least Rs 14,240 for 1 lot. The investment size for small NIIs is 15 lots, and for bNIIs is fixed at 71 lots.
Jaro Institute of Technology IPO: Issue objective
The OFS proceeds will directly go to the stakeholders selling their stake. However, Jaro Institute aims to use the proceeds from the fresh issuance for
– Repayment of borrowings
-Marketing, brand building and advertising activities
Some money would be used for meeting IPO expenses and general corporate purposes, too.
Jaro Institute of Technology IPO: GMP trends
The Jaro Institute of Technology IPO is seeing brisk investor issue. The latest GMP indicates that the issue may list at a 12% premium to the issue price at its upper band. However, the GMP is an unofficial trading platform, and the actual listing price may see a significant difference from the current trends.
That said, the current trend indicates some listing gains for the IPO. All eyes would be on the actual listing day and the subscription over the next 3 days to gauge investor interest in the issue.
Jaro Institute of Technology IPO: Allotment and listing details
The Jaro Institute of Technology IPO allotment is tentatively scheduled to be finalised on September 26, the next day after the IPO bidding closes. The listing of the issue is expected to be on September 30.
Jaro Institute of Technology IPO: Analyst views
Let’s now take a look at what analysts have to say about the Jaro Institute of Technology IPO. Anand Rathi Securities has rated the issue ‘Subscribe for Long-term.’
According to their analysis, the company holds a leading position in the online higher education and professional upskilling sector, supported by a strong brand reputation and a wide pan-India presence.
At the upper price band, “the company is valued at a P/E of 38.1x to its FY25 earnings, with an EV/EBITDA of 24.8x. The IPO is fully priced in,” they added.
According to them, the company’s portfolio reflects a proven ability to design and deliver high-quality, diverse course offerings tailored to evolving market needs. “By leveraging advanced technology and digital platforms, Jaro enhances the overall experience for its clients while driving scalability and expansion.”