Jaro Education IPO Subscribed 23.20 Times; Strong QIB and NII Participation

Mumbai, September 25, 2025 — The ₹450 crore IPO of Jaro Institute of Technology Management and Research Limited (Jaro Education) closed today with overwhelming investor demand, subscribing 23.20 times overall. The issue attracted strong interest across all investor categories, led by Non-Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs).

Final Subscription Status (as of September 25, 2025, 5:05 PM)

Jaro Institute of Technology Management and Research Ltd IPO has seen a strong response from investors, closing Day 3 with an overall subscription of 23.20 times.

The issue attracted bids for over 8.21 crore shares against the 35.39 lakh shares on offer. Interest was particularly strong from institutional and high-net-worth investors. The Qualified Institutional Buyers (QIB) category was subscribed 37.19 times, while the Non-Institutional Investor (NII) segment received 37.32 times demand. Within NIIs, large bids (above ₹10 lakh) were subscribed 35.59 times, and smaller bids (below ₹10 lakh) saw even stronger traction at 40.77 times.

The retail investor category also showed healthy participation, subscribing 9.15 times. Anchor investors had already picked up their portion earlier, fully subscribing the reserved quota.

IPO Recap

The IPO of Jaro Institute of Technology Management and Research was launched with a price band of ₹846 to ₹890 per share. Investors wre granted to bid in lots of 16 shares, amounting to ₹14,240 at the upper band. The issue comprised a fresh equity raise of ₹170 crore along with an offer for sale (OFS) of ₹280 crore by promoter Sanjay Namdeo Salunkhe. The company’s shares are slated to be listed on the stock exchanges on September 30, 2025.

The stellar oversubscription places Jaro Education among the most sought-after IPOs of the year, with listing day expected to witness significant investor activity.

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