Jaro Institute IPO Details
Jaro Institute IPO is a book-built issue of Rs. 450 crore, consisting of a fresh issue of 19 lakh shares worth Rs. 170 crore and an offer for sale of 31 lakh shares aggregating Rs. 280 crore. The IPO opens for subscription on September 23, 2025, and closes on September 25, 2025, with allotment scheduled for September 26, 2025. The shares are proposed to list on BSE and NSE with a tentative listing date of September 30, 2025. The price band has been fixed at Rs. 846–890 per share, with a lot size of 16 shares. A retail investor requires a minimum investment of Rs. 14,240, while the minimum application size for sNII is Rs. 2,13,600 (15 lots) and for bNII is Rs. 10,11,040 (71 lots). Nuvama Wealth Management Ltd. is the book running lead manager, and Bigshare Services Pvt. Ltd. is the registrar to the issue.
🕗 Last Update: 18 September 2025, 6.00 AM
Key IPO Dates
| Anchor portion | |
| IPO opens on | 23 Sept 2025 |
| IPO Closes on | 25 Sept 2025 |
| IPO Allotment on | 26 Sept 2025 |
| Unblocking of Asba | 29 Sept 2025 |
| Credit of Shares | 29 Sept 2025 |
| Listing of Shares | 30 Sept 2025 |
The Promoters
Sanjay Namdeo Salunkhe and Balkrishna Namdeo Salunkhe are the promoters of the company.
The promoters hold 78.28% shares in the pre IPO capital of the company.
Objects of the IPO?
The Offer comprises of fresh issue of capital. The objects of the issue are-
+Funding capital expenditure for the expansion of existing manufacturing units- Rs. 19.79 Cr.
+Repayment and / or prepayyment, in part or in full, of certain outstanding borrowings of the Company- Rs. 30 Cr.
+General Corporate Purposes
Business-
IPO Details
| IPO opens on | 23 September 2025 |
| IPO closes on | 25 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 50,56,179 Shares / Rs 450 Crore |
| * Fresh Issue | Rs 170 Crore |
| * Offer for Sale | Rs 280 Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 846-890 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. – per share |
| Retail Lot Size | 16 Shares |
| Listing will at | BSE, NSE |
How are the shares offered?
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 50% of the Net Offer |
| Retail Shares Offered | Not more than 35% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
How can the shares be applied?
| Application | Lots | Shares | Amount Rs. |
| Retail (Min) | 1 | 16 | 14,240 |
| Retail (Max) | 14 | 224 | 1,99,360 |
| S-HNI (Min) | 15 | 240 | 2,13,600 |
| S-HNI (Max) | 70 | 1,120 | 9,96,800 |
| B-HNI (Min) | 71 | 1,136 | 10,11,040 |
IPO allotment Status
Allotment of this IPO will be announced on 26 September 2025 and the link to check allotment is given below:
https://ipo.bigshareonline.com/IPO_Status.html
| Registered Office of the company Jaro Institute of Technology Management & Research Ltd. 11th Floor, Vikas Centre, Dr. C.G. Road, Chembur – East, Mumbai, Maharashtra, 400074 Email: cs@jaro.in |
|
| Lead Managers of the IPO? Nuvama Wealth management Ltd Motilal Oswal Investment Advisors Ltd. Systematix Corporate Services Ltd. |
|
| Registrar to the IPO | |
| Bigshare Services Pvt ltd |
Financial Snapshot
| Period Ended | 31-Mar-25 |
| Assets | 276.7 |
| Total Income | 254.02 |
| Profit After Tax | 51.67 |
| EBITDA | 83.58 |
| NET Worth | 171.55 |
| Reserves and Surplus | 151.31 |
| Total Borrowing | 51.11 |
| Amount in ₹ Crore | |
Key Performance Indicators
| KPI | Values |
| ROE | 35.76% |
| ROCE | 37.38% |
| Debt/Equity | 0.3 |
| RoNW | 30.12% |
| PAT Margin | 20.34% |
| EBITDA Margin | 33.13% |
| Price to Book Value | 10.5 |
| EPS | 25.52 |
| PER | 34.88 |
How Jaro Institute IPO compares with the Peers?
The Company does not have any listed peers.
Jaro Institute IPO Review by Paresh Gordhandas, CA & Research Analyst
The company has built a strong niche in its sector with FY25 income of Rs. 254.02 crore and PAT of Rs. 51.67 crore, reflecting a robust PAT margin of 20.34%. Operating efficiency is impressive with EBITDA margin of 33.13%, supported by consistent revenue growth and controlled leverage (Debt/Equity at just 0.3). Net worth stands at Rs. 171.55 crore with healthy reserves of Rs. 151.31 crore, ensuring financial stability. Return ratios are very strong — ROE at 35.76% and ROCE at 37.38% — highlighting superior capital efficiency.
On the valuation front, the stock is priced at a P/E of 34.88x with EPS of Rs. 25.52 and Price/Book at 10.5, indicating it is not cheap but commands premium valuations due to strong fundamentals. Overall, it reflects a high-growth, well-managed business with attractive profitability metrics, though investors must factor in the relatively rich valuation.
The company reported income of Rs. 254.02 crore and PAT of Rs. 51.67 crore, reflecting strong profitability with a PAT margin of 20.34%.
ROE stands at 35.76% and ROCE at 37.38%, indicating very high capital efficiency. RoNW is also healthy at 30.12%.
With borrowings of Rs. 51.11 crore and Debt/Equity at just 0.3, the company maintains a comfortable balance sheet.
At a P/E of 34.88x and Price/Book of 10.5, valuations are on the higher side, but strong growth and profitability justify premium pricing.
Jaro Institute IPO dates
Jaro Institute IPO price & Lot
Quick Links
Quicklinks
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
