Jaro Education IPO Fully Subscribed on Day 2, NII Portion Leads with 3.30x

Mumbai, September 24, 2025 – The ₹450-crore initial public offering of Jaro Institute of Technology Management and Research Limited (Jaro Education) has become fully subscribed on Day 2, backed by steady demand from Non-Institutional Investors (NIIs) and improving participation from Qualified Institutional Buyers (QIBs) and retail investors.

Jaro Education IPO Subscription Status (as of September 24, 2025, 4:19 PM)

The initial public offering (IPO) of Jaro Institute of Technology Management and Research Ltd drew healthy investor interest on the second day of bidding, with overall subscription reaching 1.90 times as of September 24, 2025, 4:19 PM. Retail investors showed steady demand, subscribing 1.99 times with bids for 35.18 lakh shares against 17.69 lakh on offer.

Non-institutional investors (NIIs) oversubscribed their quota 3.30 times, with applications for 25.01 lakh shares, compared to the 7.58 lakh shares available. Within this category, small NIIs, applying for amounts below ₹10 lakh, subscribed 3.46 times, while big NIIs, applying for amounts above ₹10 lakh, subscribed 3.22 times. Qualified institutional buyers (QIBs), excluding anchor investors, were more restrained, bidding for 7.19 lakh shares against 10.11 lakh offered, translating into 0.71 times subscription.

Anchor investors had already participated strongly on the opening day, securing 15.16 lakh shares worth ₹135 crore. Overall, the IPO received 1.96 lakh applications, translating into 67.38 lakh bids against 35.39 lakh shares on offer, amounting to a total bid value of ₹599.71 crore.

Jaro Education IPO Details

Jaro Institute of Technology Management and Research Ltd’s ₹450 crore IPO comes with a price band of ₹846–₹890 per share and a lot size of 16 shares, requiring an investment of ₹14,240 at the upper band. The issue comprises a fresh issue of ₹170 crore and an offer for sale (OFS) of ₹280 crore by promoter Sanjay Namdeo Salunkhe. The shares are slated to list on the stock exchanges on September 30, 2025.

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