Jaro IPO Opens September 23 to Expand Online and Hybrid Learning Programs Nationwide
From Classrooms to Capital Markets: Jaro Education, Under Dr. Salunkhe, Goes Public
Bilkul Bazaar
Ahmedabad: Jaro Institute of Technology Management and Research Limited has announced its first Initial Public Offering (IPO), set to open on Tuesday, September 23, 2025, and close on Thursday, September 25, 2025. The company has fixed the price band at ₹846–₹890 per equity share of ₹10 face value. Investors can bid for a minimum of 16 shares and in multiples thereof.
The IPO comprises a fresh issue of shares worth ₹170 crore and an offer for sale of up to ₹280 crore by promoters and selling shareholders. Jaro Education plans to use ₹81 crore of the proceeds for marketing, brand building, and advertising, ₹45 crore for prepayment or scheduled repayment of certain borrowings, and the remainder for general corporate purposes.
Founded in 2009 by Dr. Sanjay Namdeo Salunkhe, Chairman and Managing Director, a first-generation entrepreneur with over 17 years of experience in the education sector, Jaro Education is an early pioneer in online higher education and upskilling. He is supported by CEO and whole-time director Ranjita Raman, who has more than 15 years of experience in education.
Speaking on the occasion, Dr. Salunkhe said, “The Jaro IPO marks a key milestone in our journey to make quality higher education and upskilling accessible across India and globally. The funds raised will help us expand our programs, strengthen our offerings, and continue building Jaro as a trusted education partner.”
The institute delivers personalized, technology-driven degree and certification programs to students and C-suite executives in collaboration with its partner institutions. As of March 31, 2025, Jaro Education has 22 offices-cum-learning centres across major cities for offline learning, along with 17 immersive tech studios set up in various IIM campuses. It partners with 36 institutions, including IITs, IIMs, and global institutions like Swiss School of Management and Rotman School of Management, University of Toronto.
The company offers 268 programs, including DBA, MBA, M.Com, MA, PGDM, MCA, B.Com, BCA, and other degree programs through 17 Indian universities, 14 of which are ranked in the top 100 by the National Institutional Ranking Framework (NIRF). Additionally, it provides online, hybrid, and in-person certification programs in management, fintech, data science, business analytics, design thinking, and digital marketing with 21 institutions in India, including 7 IIMs, 7 IITs, and 2 other NIRF-ranked institutions.
The IPO is managed by Nuvama Wealth Management, Motilal Oswal Investment Advisors, and Systematix Corporate Services as book-running lead managers, with Bigshare Services as the registrar. The offer follows the book-building process, with up to 50% of the net offer allocated to Qualified Institutional Buyers (QIBs), at least 15% to non-institutional investors, and at least 35% to retail individual investors.
Disclaimer: This news is for informational purposes only. Please refer to official offer documents and consult a financial advisor before investing.
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