Jaro Education Launches Rs 450 Crore IPO, Sets Price Band at Rs 846-890
Jaro Education, an online higher education company, is launching its IPO to raise Rs 450 crore. The IPO will open on September 23 with a price band of Rs 846-890 per share. It includes a fresh issue of Rs 170 crore and an offer for sale of Rs 280 crore. The company plans to use the funds for marketing initiatives and debt repayment. Jaro Education has partnerships with 36 institutions and offers 268 courses. The company's revenue for FY25 was Rs 252.30 crore with a profit of Rs 52.00 crore. Listing is scheduled for September 30 on BSE and NSE.
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Jaro Institute of Technology Management and Research Ltd., operating under the brand name Jaro Education, is set to enter the primary market with its Initial Public Offering (IPO) opening on September 23. The online higher education company aims to raise Rs 450.00 crore through this public issue.
IPO Details
- Subscription Period: September 23-25
- Price Band: Rs 846-890 per share
- Issue Size: Rs 450.00 crore
- Fresh Issue: Rs 170.00 crore
- Offer for Sale: Rs 280.00 crore by promoter Sanjay Namdeo Salunkhe
- Minimum Investment: Rs 14,240 for retail investors (16 shares)
- Listing Date: September 30 on BSE and NSE
Company Overview
Founded in 2009, Jaro Education has established itself as a prominent player in the online higher education sector. The company boasts:
- Over 22 offices across major cities
- Partnerships with 36 institutions, including IITs and IIMs
- A portfolio of 268 courses
Financial Performance
Jaro Education has demonstrated strong financial growth:
| Fiscal Year | Revenue (Rs Crore) | Profit (Rs Crore) |
|---|---|---|
| FY25 | 252.30 | 52.00 |
| FY24 | 199.00 | 38.00 |
Utilization of Funds
The proceeds from the fresh issue will be allocated as follows:
- Rs 81.00 crore for marketing initiatives
- Rs 45.00 crore for debt repayment
IPO Timeline
- Share Allotment: Scheduled for September 26
- Listing: Set for September 30 on both BSE and NSE
Investors interested in the education technology sector may find this IPO an opportunity to participate in the growth of online higher education in India. However, as with any investment decision, it is advisable to carefully review the company's prospectus and consult with financial advisors before making any investment choices.
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