Jaro Institute of Technology Management & Research IPO: The initial public offering of Jaro Institute of Technology Management & Research Open tomorrow, September 23, for subscription and will close on September 25. The company wants to increase £ 450 through the exchange trading and list the shares on NSE and BSE. Here are ten important things investors need to know about the public offer before they subscribe to the issue. 1) IPO size: The IPO consists of a new edition of 0.19 crore shares that have been combined up to £ 170.00 crore and an offer for the sale of 0.31 crore shares that are combined to £ 280.00 crore. Promotor Sanjay Namdeo Salunkhe sells shares worth £ 400 through the OFS route. According to the Draft Red Herring Prospectus (DRHP), Salunkhe has a majority of 78.2 percent in the company. 2) Price Band: The company offers its shares at £ 846–890 each, with a large size of 16 shares. It requires a minimum investment of £ 14,240. 3) Objective: Since the IPO is entirely a OFS, the company will not receive any returns from the share sale. The issue offers promoters and sells shareholders with an exit route. 4) IMPORTANT DATES: The award for the Jaro Institute IPO is expected to be completed on Friday, September 26, 2025. Credit of shares to demat accounts and the initiation of repayments will take place on September 29, 2025. The bursary trading is scheduled to make a list of BSE and up to 50 percent of the offer is presented to QIB investors, a minimum of 35 percent of offer offer is for QIB investment investors, and at least 15 percent for non -institutional investors. 6) About the firm: Jaro Education was founded in 2009 by Sanjay Salunkhe, which serves as chairman and managing director. The Institute offers technology-driven degree programs and certification courses in collaboration with its partner institutions, serving both students and C-suite professionals. On March 31, 2024, Jaro Education has more than 22 offices and learning centers in large Indian cities for offline learning, along with 15 technical studio settings on IIM campuses. It works with 34 partner institutions, including top Indian institutes such as IITs and IIMs, and world institutions such as the Swiss School of Management and the Rotman School of Management, University of Toronto. 7) Financial statements: In FY24, the company reported operating income of £ 199 crore, which was an increase of 63 percent compared to FY23. 8) Promoters’ interest: Promoters and promoter group entities own 85.03 percent of the company, while public shareholders own the remaining 14.97 percent. 9) General Manager and Registrar: Nuvama Wealth Management, Motilal Owal Investment Advisors and Systematix Corporate Services are appointed book managers serving by Bigshare as the Registrar of the IPO. 10) Jaro Institute GMP: The company’s shares in the gray market continued with a premium of £ 108. This indicates an estimated list price of £ 998, with 12.13 percent of the £ 890 bursary price. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies. We advise investors to check with certified experts before making investment decisions.
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