NewsJaro Institute of Technology Management and Research shares decline 4.90% as three-month lock-in period endsJaro Institute of Technology Management and Research shares decline 4.90% as three-month lock-in period ends
Jaro Institute of Technology Management and Research shares fell 4.90% to ₹513.50 as the three-month lock-in period ended, releasing 8 lakh shares worth ₹43.00 crore for trading. The stock has declined 43% from its ₹890.00 IPO issue price since listing on September 30, 2025. The company's ₹450.00 crore IPO was oversubscribed 22 times, comprising ₹170.00 crore fresh issue and ₹280.00 crore offer for sale.
*this image is generated using AI for illustrative purposes only.
Shares of Jaro Institute of Technology Management and Research declined 4.90% to ₹513.50 on Friday, December 26, as the company's three-month shareholder lock-in period ended during the trading session. The stock has now fallen 43% from its initial public offering issue price of ₹890.00.
Lock-in Period Details
According to Nuvama Alternative & Quantitative Research, 8 lakh shares representing 3% of the company's outstanding equity became eligible for trading with the end of the lock-in period. The market value of these shares stands at ₹43.00 crore based on Wednesday's closing price.
| Lock-in Period: | Shares Released | Equity Percentage | Market Value |
|---|---|---|---|
| Three-month (Dec 26): | 8 lakh shares | 3% | ₹43.00 crore |
| One-month (Oct 27, 2025): | 8 lakh shares | 3% | ₹53.37 crore |
The company's one-month lock-in period had ended earlier on October 27, 2025, when 8 lakh shares worth ₹53.37 crore became tradeable. It is important to note that the end of the lock-in period does not guarantee that all shares will be sold in the open market, but merely makes them eligible for trading.
IPO Performance and Listing
Jaro Institute of Technology Management and Research listed on stock exchanges on September 30, 2025, exactly at its issue price of ₹890.00 per share. However, the stock experienced an 18% decline shortly after listing and has continued its downward trajectory.
| IPO Parameter: | Details |
|---|---|
| Total Issue Size: | ₹450.00 crore |
| Fresh Issue: | ₹170.00 crore |
| Offer for Sale: | ₹280.00 crore |
| Subscription Rate: | 22 times |
| Issue Price: | ₹890.00 per share |
| Listing Date: | September 30, 2025 |
The ₹450.00 crore initial public offering comprised a ₹170.00 crore fresh issue of shares and a ₹280.00 crore offer for sale component. The three-day IPO received strong investor interest, being subscribed 22 times the number of shares on offer according to NSE data.
Fund Utilization
The proceeds from the fresh issue are allocated for specific corporate purposes:
- Marketing and Brand Building: ₹81.00 crore for marketing, brand building and advertising activities
- Debt Repayment: ₹45.00 crore for pre-payment or scheduled repayment of outstanding borrowings
- General Corporate Purposes: Remaining funds for general corporate requirements
The stock's current performance reflects a significant decline from its IPO price, with shares trading 43% below the issue price of ₹890.00 as the lock-in periods progressively end.
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