Jaro Institute IPO - Listing Performance & Details

Jaro Institute of Technology Management and Research Limited was incorporated on July 9, 2009, and converted into a public limited company on August 12, 2017. It is headquartered in Mumbai, Maharashtra, and works in the online higher education and upskilling sector, operating under the "Jaro Education" brand.

The company acts as an intermediary and enabler, partnering with institutions including IITs, IIMs and international universities to market and facilitate delivery of degree programmes, professional certificates and short-term courses. It does not create academic content itself but handles non-academic functions such as marketing, enrolment, counselling, fee collection and learner support, allowing partner institutions to focus on academic delivery. As of March 31, 2025, the company had over 22 offices-cum-learning centres across major Indian cities, along with 17 immersive tech studio set-ups within IIM campuses, catering to 36 partner institutions offering 268 degree programmes and certification courses. The company is founded and led by Sanjay Namdeo Salunkhe as Chairman and Managing Director, with Balkrishna Namdeo Salunkhe as a promoter.

Revenue rose to Rs 625.54 crore in FY25 from Rs 487.73 crore in FY24 and Rs 316.57 crore in FY23. This was a mainboard IPO, listed on the NSE and BSE, comprising a fresh issue of up to 19,10,112 equity shares of face value Rs 10 each aggregating up to Rs 170 crore, along with an offer for sale of up to 31,46,067 equity shares by existing shareholders aggregating up to Rs 280 crore, at a price band of Rs 846 to Rs 890 per share, taking the total issue size to about Rs 450 crore.