Jaro Education Lists at Issue Price, Slips Over 17.50% in Debut Session

Mumbai, September 30, 2025: The shares of Jaro Institute of Technology Management and Research Limited made a muted listing on the stock exchanges today. The shares were listed at their issue price of ₹890 per share, with no discount or premium. However, they soon declined, slipping 12% in early trade. As of 11:20 AM, the shares were down by 17.55%, or 156.20 points, and were trading at ₹733.80. Until now, the shares have traded within a range of ₹890 and ₹732,35. The current traded volume stands at 28.11 lakh shares, with the company’s market cap at ₹1,722.43 crore.

The decline in the share price comes despite the IPO receiving a strong response from investors. It was subscribed overall 22 times, with QIBs at 35.35 times, NIIs at 35.48 times, and retail investors at 8.71 times.

Jaro Institute of Technology Management and Research Limited IPO (Jaro Education) is an Indian ed-tech company. It provides online learning programmes for working professionals. The company was established in 2009 and is headquartered in Mumbai, Maharashtra, India. The shares of the company are listed on NSE with the ticker symbol JARO and on BSE with the code 544534.

Jaro Education IPO Anchor Allocation Details

Ahead of the IPO opening, Jaro allotted 15.16 lakh equity shares worth ₹134.99 crore to anchor investors at ₹890 per share. Key investors included 360 ONE, WhiteOak Capital, Société Générale ODI, LC Pharos Multi Strategy, Singularity Equity Fund, Subhkam Ventures, Citigroup Global Markets (Mauritius) and Nomura Singapore.

Jaro Education IPO Book Build Issue of ₹450 Crore

The issue was a book build issue of ₹450 crore, including a fresh issue of 0.19 crore shares amounting to ₹170.00 crore and offer for sale of 0.31 crore shares amounting to ₹280.00 crore. The company had set the price band at ₹846-₹890 per share. The lot size was of 16 shares, equating to a minimum investment of ₹14,240 by a retail investor at the upper price band. The IPO opened on September 23 and closed on September 25. The shares of the company are listed on NSE and BSE today. Nuvama Wealth Management Ltd. was the book-running lead manager, while Bigshare Services Pvt.Ltd was the registrar of the issue.

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