Jaro Institute of Technol. Mgt. and Research Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Jaro Institute of Technol. Mgt. and Research Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹890
Per ShareLot Size
16 Shares
Minimum Investment
₹14,240
Issue Size
₹450 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Jaro Institute of Technol. Mgt. and Research Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
77.69%
Promoter Holding (Post-Issue)
57.33%
Issue Type
Book Building
ISIN
INE00YJ01010
About the Company
We are one of India's online higher education and upskilling platform companies (Source: Technopak Report). We market and facilitate delivery of a diversified range of online degree programs including D.B.A, MBA, M.Com., M.A., PGDM, M.C.A., M.Sc., B.Com., BCA, as well as cross-disciplinary certification courses, in partnership with 36 Partner Institutions, including 16 Tier-1 universities and institutions (which include 7 IIMs and 7 IITs and 15 Tier-2 universities and institutions as of March 31, 2025.
Industry Overview
The total addressable market for the online higher education and upskilling sector in India was ? 1.32 lakh million in Fiscal 2023 and is expected to grow at a CAGR of 25.7% over the next five years, thus reaching the market size of ? 4.15 lakh million in Fiscal 2028 (Source: Technopak Report). As the sector continues to innovate, online higher education and upskilling platforms and entities are well-positioned to play a pivotal role in shaping the future of higher education, certification, and upskilling initiatives in India.
Company History
Our Company was originally incorporated as a private limited company under the name of "Jaro Institute of Technology Management and Research Private Limited" on July 9, 2009, under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Maharashtra at Mumbai. Thereafter, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders at their extraordinary general meeting held on July 24, 2017 and the name of our Company was changed to "Jaro Institute of Technology Management and Research Limited", and a fresh certificate of incorporation consequent upon conversion from a private company to a public limited company was issued by the RoC on August 12, 2017.
Products & Services
- The Company is one of India's online higher education and upskilling platform companies. It markets and facilitate delivery of a diversified range of online degree programs including D.B.A, MBA, M.Com., M.A., PGDM, M.C.A., M.Sc., B.Com., BCA.
Growth Strategy
- Expand market share through broader portfolio of offerings and extensive network of partnerships.
- Continue marketing, brand building and advertising activities, diversify online presence, and increase Learner enrolments and scalability of business.
- Expand our geographical footprint by setting up additional offices, learning centres and immersive studios in locations across India and increasing outreach to Learners.
- Continue to enhance digital capabilities and platforms with a focus on enhancing client satisfaction, operational efficiency and cost optimization.
- Enhance Learner experience and lead generation through freemium offerings and counselling tools.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of up to 50,56,179 equity shares of face value of Rs.10 each ("equity shares") of Jaro Institute of Technology Management and Research Limited (the "company" or the "issuer") for cash at a price of Rs.890 per equity share (including a share premium of Rs.880 per equity share) ("offer price") aggregating up to Rs. 450.00 crores (the "offer") comprising a fresh issue of up to 19,10,112 equity shares of face value Rs.10 each aggregating up to Rs. 170.00 crores by the company (the "fresh issue") and an offer for sale of up to 31,46,067 equity shares of face value Rs.10 each aggregating up to Rs. 280.00 crores by Sanjay Namdeo Salunkhe ("promoter selling shareholder") (the "offer for sale").
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Market leading position in online higher education and upskilling space with strong brand image and pan-India presence.
- Comprehensive solutions to Partner Institutions and Learners.
- High revenue predictability backed by long-lasting, robust client relationships across industries.
- Proven track record in delivering high quality and diversified course offerings.
- Leveraging technology and digitalization for enhancing client experience and business expansion.
- While the name of our Company is "Jaro Institute of Technology Management and Research Limited", we do not create the academic content or independently offer the degree programs and certification courses by ourselves. Our business depends heavily on our Partner Institutions as they are responsible for the academic content of their degree programs and certification courses, which we market and facilitate delivery of. If there is any decline in the adoption by our Partner Institutions of online delivery of their degree programs and certification courses, our business, revenues, profitability and growth may suffer.
- We derive a significant portion of our revenues from a few Partner Institutions and the loss of one or more such clients could adversely affect our business and prospects.
- Most of our businesses are operated in and from the states in the Western region. Approximately 73.00% of our revenue from operations is derived from the Western region, as of March 31, 2025. 33.33% of our Partner Institutions operate in and from the states in the Western region, as of March 31, 2025. Such geographic concentration of our revenue and business operations, and our Partner Institutions, may restrict our results of operations and growth to the economic and demographic conditions of the Western region. Additionally, the management-oriented degree programs and certification courses typically attract more enrolments by the Learners. Any change in industry trends and demand drivers for the sectors in which the degree programs and certification courses are offered, may adversely impact our business, financial condition and results of operations.
- Our business depends heavily on the adoption by colleges and universities of online delivery of their degree programs and certification courses. If our existing or prospective Partner Institutions continue with on-campus degree programs or certification courses due to their perceived loss of control over the education experience, our revenue growth and profitability may suffer.
- We have negative cash flows in the past. Our historical performance may not be indicative of our future growth or financial results.