Jaro Institute's Rs 450 Crore IPO Launches with 12% Grey Market Premium
Jaro Institute of Technology Management & Research is launching its Initial Public Offering (IPO) with a Rs 450 crore issue size. The IPO, priced at Rs 846-890 per share, will be open for subscription from Tuesday to Thursday. It includes a fresh issue of Rs 170 crore and an offer for sale of Rs 280 crore. The company, an online higher education provider, has over 22 offices across India and partnerships with 34 institutions. The ed-tech sector has shown mixed performance over the past year, with peer companies' returns ranging from -88% to 199%.
*this image is generated using AI for illustrative purposes only.
Jaro Institute of Technology Management & Research is set to make its market debut as its Initial Public Offering (IPO) opens for subscription. The Rs 450 crore IPO, which has already garnered attention in the grey market, is scheduled to open on Tuesday.
IPO Details
- Issue Size: Rs 450 crore
- Price Band: Rs 846 - Rs 890 per share
- Grey Market Premium: Rs 104 per share (12% above the upper price band)
- Subscription Period: Tuesday to Thursday, September 25
Offer Structure
The IPO comprises two components:
- Fresh issue of shares worth Rs 170 crore
- Offer for sale by promoter Sanjay Namdeo Salunkhe, amounting to Rs 280 crore
Company Profile
Jaro Institute operates as an online higher education company, with a significant presence across India:
- Over 22 offices in major cities
- Partnerships with 34 institutions
Ed-Tech Sector Performance
The ed-tech sector has shown mixed performance over the past year, with listed peers displaying a wide range of returns:
| Company | 1-Year Return |
|---|---|
| Kuberan Global | 199.00% |
| Golden Crest | 171.00% |
| Career Point Edutech | 118.00% |
| Vantage Knowledge | -88.00% |
| Addictive Learning | -57.00% |
| NIIT | -38.00% |
| Veranda Learning | -35.00% |
The sector's volatility is evident, with returns ranging from -88% to 199% among various players.
As Jaro Institute enters the public market, investors will be closely watching its performance in the context of this dynamic ed-tech landscape. The company's extensive network and partnerships could be key factors in its market reception.
Potential investors should carefully consider the company's prospectus and consult financial advisors before making investment decisions.
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