Jaro Institute of Technol. Mgt. and Research Ltd IPO
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Jaro Institute of Technol. Mgt. and Research Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 50.56 L | ₹ 31.46 L | ₹ 17.7 L | ₹ 158.49 L | BSE | ₹ 450 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 23 Sep, 25 | 25 Sep, 25 | 16 | ₹ 13,536 | Book Building | 30 Sep, 25 |
Jaro Institute of Technol. Mgt. and Research Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 14.88x | 2528089 | 37610352 |
| NII | 37.32x | 758427 | 28306272 |
| Retail | 9.16x | 1769663 | 16214688 |
| Employee | 0x | 0 | 0 |
| Total | 16.24x | 5056179 | 82131312 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Jaro Institute of Technol. Mgt. and Research Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 79.29 | 199.05 | 122.15 |
| EBITDA | 88.44 | 68.21 | 26.59 |
| PAT | 51.67 | 40.53 | 11.52 |
| Total Assets | 244.43 | 163.09 | 112.16 |
| Share Capital | 20.24 | 15.04 | 15.04 |
| Total Borrowings | 254.17 | 157.73 | 118.71 |
| Operating Activities (Net Cash) | 60.82 | 47.38 | 16.95 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 16.38 |
| Financing Activities (Net Cash) | 254.17 | 157.73 | 118.71 |
| Net Cashflow | 5.16 | 18.51 | 13.20 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Jaro Institute of Technol. Mgt. and Research Ltd
Our Company was originally incorporated as a private limited company under the name of Jaro Institute of Technology Management and Research Private Limited on July 9, 2009, under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Maharashtra at Mumbai. Thereafter, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders at their extraordinary general meeting held on July 24, 2017 and the name of our Company was changed to Jaro Institute of Technology Management and Research Limited, and a fresh certificate of incorporation consequent upon conversion from a private company to a public limited company was issued by the RoC on August 12, 2017.
The total addressable market for the online higher education and upskilling sector in India was ? 1.32 lakh million in Fiscal 2023 and is expected to grow at a CAGR of 25.7% over the next five years, thus reaching the market size of ? 4.15 lakh million in Fiscal 2028 (Source: Technopak Report). As the sector continues to innovate, online higher education and upskilling platforms and entities are well-positioned to play a pivotal role in shaping the future of higher education, certification, and upskilling initiatives in India.
We are one of India's online higher education and upskilling platform companies (Source: Technopak Report). We market and facilitate delivery of a diversified range of online degree programs including D.B.A, MBA, M.Com., M.A., PGDM, M.C.A., M.Sc., B.Com., BCA, as well as cross-disciplinary certification courses, in partnership with 36 Partner Institutions, including 16 Tier-1 universities and institutions (which include 7 IIMs and 7 IITs and 15 Tier-2 universities and institutions as of March 31, 2025.
Jaro Institute of Technol. Mgt. and Research Ltd IPO Key Points
Strengths
- Market leading position in online higher education and upskilling space with strong brand image and pan-India presence.
- Comprehensive solutions to Partner Institutions and Learners.
- High revenue predictability backed by long-lasting, robust client relationships across industries.
- Proven track record in delivering high quality and diversified course offerings.
- Leveraging technology and digitalization for enhancing client experience and business expansion.
Risk
- While the name of our Company is Jaro Institute of Technology Management and Research Limited, we do not create the academic content or independently offer the degree programs and certification courses by ourselves. Our business depends heavily on our Partner Institutions as they are responsible for the academic content of their degree programs and certification courses, which we market and facilitate delivery of. If there is any decline in the adoption by our Partner Institutions of online delivery of their degree programs and certification courses, our business, revenues, profitability and growth may suffer.
- We derive a significant portion of our revenues from a few Partner Institutions and the loss of one or more such clients could adversely affect our business and prospects.
- Most of our businesses are operated in and from the states in the Western region. Approximately 73.00% of our revenue from operations is derived from the Western region, as of March 31, 2025. 33.33% of our Partner Institutions operate in and from the states in the Western region, as of March 31, 2025. Such geographic concentration of our revenue and business operations, and our Partner Institutions, may restrict our results of operations and growth to the economic and demographic conditions of the Western region. Additionally, the management-oriented degree programs and certification courses typically attract more enrolments by the Learners. Any change in industry trends and demand drivers for the sectors in which the degree programs and certification courses are offered, may adversely impact our business, financial condition and results of operations.
Strategy
- Expand market share through broader portfolio of offerings and extensive network of partnerships.
- Continue marketing, brand building and advertising activities, diversify online presence, and increase Learner enrolments and scalability of business.
- Expand our geographical footprint by setting up additional offices, learning centres and immersive studios in locations across India and increasing outreach to Learners.
- Continue to enhance digital capabilities and platforms with a focus on enhancing client satisfaction, operational efficiency and cost optimization.
- Enhance Learner experience and lead generation through freemium offerings and counselling tools.
- Market leading position in online higher education and upskilling space with strong brand image and pan-India presence.
- Comprehensive solutions to Partner Institutions and Learners.
- High revenue predictability backed by long-lasting, robust client relationships across industries.
- Proven track record in delivering high quality and diversified course offerings.
- Leveraging technology and digitalization for enhancing client experience and business expansion.
How To Apply for Jaro Institute of Technol. Mgt. and Research Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
