Jaro Institute IPO Opens: EdTech Giant Targets Investors’ Attention

New Delhi, Sep 22, 2025: The spotlight is back on India’s booming edtech sector as Jaro Institute IPO opens for subscription tomorrow, September 23. Investors are gearing up for this ₹450 crore mainboard IPO, with a price band of ₹846 to ₹890 per share, promising a mix of growth potential and strong market fundamentals.

IPO Snapshot

• Issue Type: Book-built IPO

• Fresh Issue: 19.10 lakh shares (~₹170 crore)

• Offer for Sale (OFS): 31.46 lakh shares (~₹280 crore)

• Face Value: ₹10 per share

• Lot Size: 16 shares (minimum investment ₹14,240)

• Maximum Retail Lot: 14 lots (~₹1,99,360)

• Listing: BSE & NSE, expected September 30, 2025

• Allotment Date: September 26, 2025

• Refunds: September 29, 2025

• Reservation: 50% QIBs, 35% retail, 15% NII

Investors can participate with a minimum of one lot or go up to 14 lots, while S-HNI investors can apply from 15 lots up to 70 lots, reflecting flexibility across investor types.

Financials That Impress

Jaro Institute’s financial track record strengthens its appeal:

• Revenue Growth: Steady growth in FY23-25, driven by online degree programs, management courses, and skill development programs.

• Profitability: Industry-leading PAT margin of 20.34% and EBITDA margin of 33.13%.

• Return Ratios: ROE at 35.76% and ROCE at 37.38%—indicating strong operational efficiency.

• Debt-Equity: Low at 0.30, ensuring a healthy balance sheet.

Such metrics, coupled with operational scalability and digital-first delivery, make this IPO hard to ignore for long-term investors.

Grey Market Hints: GMP Signals Excitement

The grey market premium (GMP) stands at ₹104, signaling a potential listing price of ₹994 per share, roughly 12% above the upper end of the price band. Market sources suggest that this premium reflects strong interest from retail and institutional investors, as the IPO promises growth in the thriving edtech sector.

Promoters & Management

The IPO is spearheaded by Sanjay Namdeo Salunkhe and Balkrishna Namdeo Salunkhe.

• Pre-issue promoter holding: 78.28%

• Post-issue holding: 57.32%

Their extensive experience in education, combined with a strong leadership team, provides credibility and stability to investors.

Why Analysts Are Watching Closely

Experts point to several reasons for the hype around Jaro Institute IPO:

• Prestigious Partnerships: Collaborations with IITs, IIMs, and top foreign universities.

• High Student Base: Over 31,000 students enrolled in FY25.

• Profitability: Industry-leading PAT and EBITDA margins.

• Operational Scalability: Strong digital platforms for course delivery.

• Marketing & Brand Strength: Strategic campaigns to expand reach and engagement.

Although the IPO carries a higher P/E ratio of 34.86x, analysts argue that the strong fundamentals justify long-term investment potential.

Potential Risks

• EdTech market is highly competitive and fast-evolving.

• Heavy reliance on brand partnerships and alliances.

• Marketing and advertising costs remain high.

• Regulatory changes in the education sector could impact operations.

Despite these risks, the strong cash flows and profitability indicate resilience and operational efficiency, reducing long-term downside concerns.

Key Dates to Remember

• IPO Opening: September 23, 2025

• IPO Closing: September 25, 2025

• Allotment: September 26, 2025

• Refunds: September 29, 2025

• Expected Listing: September 30, 2025

Investors can track allotment status through BSE or the registrar Bigshare Services Pvt. Ltd.

Bottom Line: Should You Apply?

The Jaro Institute IPO presents a unique opportunity to invest in a fast-growing edtech company with strong brand alliances, robust financials, and high operational efficiency.

• Upside: Strong growth potential, high margins, digital scalability, and nationwide & international presence.

• Caution: High valuation, competitive market, reliance on partnerships.

• GMP: Suggests decent listing gains (~12%), signaling investor confidence.

For those seeking exposure in India’s education and upskilling sector, this IPO is worth considering for long-term investment.

Disclaimer: This content is for educational and informational purposes only. It is not investment advice. Investors should consult certified financial advisors before applying.