Jaro Institute IPO
Jaro Institute of Technology Management & Research Ltd. is a leading online higher education and upskilling platform in India. Established in 2009 by Sanjay Namdeo Salunkhe, the company offers a wide range of online degree programs and certification courses in collaboration with 36 Partner Institutions, including top-tier universities such as IIMs, IITs, and global institutions. The company provides technology-driven education solutions to cater to a growing demand for skill enhancement and higher education.
Business Operations
Jaro Institute specializes in delivering diversified online degree programs such as MBA, M.Com, M.A., PGDM, MCA, B.Com, BCA, and other certification courses. It partners with 16 Tier-1 universities, including seven IIMs and seven IITs, and 15 Tier-2 universities. The company has a robust business model that enables institutions to expand their reach while providing valuable educational engagement to learners.
Operational Presence
The company has a pan-India presence with over 22 offices and learning centers across major cities, along with 17 immersive tech studio setups at various IIM campuses. The company has successfully established collaborations with prestigious institutions both in India and internationally, including global partners such as the Swiss School of Management and Rotman School of Management, University of Toronto.
Revenue Model
Institute’s revenue is generated through fee collections from learners, either directly or through partner institutions. The company facilitates the invoicing and payment reconciliation process with its partner institutions, ensuring smooth financial transactions. Approximately 47.22% of fees are collected by Jaro, while the remaining 52.78% are processed by the partner institutions themselves.
Partner Acquisition and Business Development
Jaro Institute acquires partnerships with institutions through three primary channels: tender processes (especially with IITs and IIMs), business development efforts, and referrals from existing partners. These collaborations allow institutions to leverage Jaro’s expertise in market research, course management, and technology to enhance their educational offerings.
Customer Relationships and Market Presence
Jaro Institute has built strong, lasting relationships with partner institutions by providing high-quality educational services, including marketing, course management, and student support. The company’s proactive approach and consistent delivery of quality education have resulted in contract renewals and the expansion of its partner network.
Objects of the Jaro Institute IPO:
Jaro Institute IPO Details:
| Open Date: | Sep 23 2025 |
| Close Date: | Sep 25 2025 |
| Total Shares: | 50,56,179 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Book Building |
| Issue Size: | 450 Cr. |
| Lot Size: | 16 Shares |
| Issue Price: | ₹ 846-890 Per Equity Share |
| Listing At: | NSE,BSE |
| Listing Date: | Sep 30 2025 |
Promoters And Management:
Financials of Jaro Institute IPO:
| Particulars | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations (Cr) | 252.20 | 199.00 | 122.10 |
| EBITDA (Cr) | 83.5 | 63.5 | 25.5 |
| EBITDA Margins | 33.13% | 31.93% | 20.92% |
| PAT (Cr) | 51.30 | 37.31 | 11.42 |
| PAT Margins | 20.34% | 18.75% | 9.35% |
| ROCE | 37.38% | 40.90% | 19.12% |
| Debt to Equity Ratio(In Times) | 0.3 | 0.21 | 0.45 |
| Operating Cash Flows (Cr) | -23.4 | -16.9 | 2.8 |
Comparison With Peers:
According to RHP There are no listed peer companies engage in a similar business .Recommendation on Jaro Institute IPO:
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