Founded in 2009 by Dr. Sanjay Salunkhe, Jaro Institute of Technology Management and Research (Jaro Education) is a leading Indian edtech company specializing in online higher education and executive upskilling programs. The company partners with over 32 institutions, including 7 IIMs, 6 IITs, and international universities like the University of Toronto’s Rotman School of Management, offering more than 250 programs across management, technology, and analytics domains.
IPO schedule
Issue open date
2025-09-23
Issue close date
2025-09-25
UPI mandate deadline
2025-09-25 (5 PM)
Allotment finalization
2025-09-26
Refund initiation
2025-09-29
Share credit
2025-09-29
Listing date
2025-09-30
Mandate end date
2025-10-10
Lock-in end date for anchor investors (50%)
2025-10-26
Lock-in end date for anchor investors (remaining)
2025-12-25
Financials
Financial Year Ended
March 2023
March 2024
March 2025
Total Assets
175.75
201.75
276.70
Revenue
124.58
202.56
254.02
Profit After Tax
11.42
38.01
51.67
Issue size
Funds Raised in the IPO
Amount
Overall
₹450 crores
Fresh Issue
₹170 crores
Offer for sale
₹280 crores
Utilisation of proceeds
Purpose
INR crores (%)
Brand building
81 (47.64%)
Repayment of borrowings
45 (26.4%)
General corporate purposes
44 (25.8%)
Strengths
Established partnerships with over 32 esteemed institutions, including IIMs, IITs, and international universities.
Diverse portfolio of 250+ programs spanning management, technology, and analytics.
Consistent profitability since inception, indicating a sustainable business model.
Recognised with industry awards, enhancing brand credibility and market position.
An extensive alumni network of over 350,000 professionals, reflecting a broad market reach.
Risks
Dependence on partner institutions for program offerings and content quality.
Revenue sharing agreements with partners may be renegotiated, affecting margins.
Potential for partner institutions to independently market programs, increasing competition.
Reputation risk if partner institutions’ course quality declines.
Market competition from other edtech firms could impact growth and profitability.
Allotment Status for Jaro Institute of Technology Management and Research