Prime Highlights:
- Jaro Education is launching its IPO to raise ₹450 crore, with subscription opening on September 23.
- The funds from the IPO will be used for marketing, debt repayment, and general corporate purposes, supporting the company’s growth in India’s education sector.
Key Facts:
- The IPO includes a fresh issue of ₹170 croreand an Offer for Sale (OFS) of ₹280 crore by promoter Sanjay Namdeo Salunkhe.
- Jaro Education has over 22 learning centresacross major Indian cities and partners with 36 institutions, including IITs, IIMs, and international schools like the Swiss School of Management and Rotman School of Management.
Key Background:
Jaro Institute of Technology Management and Research, popularly known as Jaro Education, has announced its initial public offering (IPO), aiming to raise ₹450 crore. Opening of subscription of the IPO will be on September 23, and closing will be on September 25.
The company has set a price band of ₹846 to ₹890 per share for its maiden public offering. The IPO includes a fresh issuance of shares worth ₹170 crore and an Offer for Sale (OFS) of ₹280 crore by promoter Sanjay Namdeo Salunkhe.
According to the announcement, of the fresh shares being issued, ₹81 crore will be allocated to marketing, brand-building, and advertising activities, ₹45 crore for debt repayment, and the remaining funds will be used for general corporate purposes.
Founded in 2009 by Sanjay Namdeo Salunkhe, Jaro Education has become a well-known name in India’s higher education sector. Jaro Education offers degree and certification courses in partnership with other institutions. As of March 2025, it has over 22 learning centres in major cities for in-person classes. It also has 17 tech studios at top campuses like IIMs, giving students a hands-on learning experience.
The company deals with 36 partner institutions, one of which is the best Indian schools, such as IITs and IIMs, and the other international schools, such as the Swiss School of Management and Rotman School of Management, University of Toronto. It provides students with 268 different courses in different fields.
The IPO is being handled by Nuvama Wealth Management, Motilal Oswal Investment Advisors, and Systematix Corporate Services, and Bigshare Services is the registrar.
This IPO is a significant one for Jaro Education, which demonstrates its intentions to expand further in the education sector in India and establish itself as a leading education provider in India.
