Jaro Institute of Technol. Mgt. and Research Ltd Logo

Jaro Institute of Technol. Mgt. and Research Ltd IPO

BSELot: 16

LISTEDMAINBOARD
Issue Price890
Listing956.75
Current484
Price Band
846 - ₹890
Lot Size
16
Issue Size
₹450 Cr
GMP
0
Subscription
0.92x

IPO Schedule

1
Open
23 Sept
2
Close
25 Sept
3
Allotment
26 Sept
4
Listing
30 Sept

About Jaro Institute of Technol. Mgt. and Research Ltd

Jaro Institute of Technology, Management and Research Ltd. is a leading education provider specializing in online management and technology programs. They partner with prestigious universities to offer courses aimed at upskilling working professionals.

Subscription Status

QIB
0.49x
NII
1.91x
Retail
0.73x
CategoryDay 3Day 2Day 1
QIB37.19x0.71x0.49x
NII37.32x3.67x1.91x
Retail9.15x2.12x0.73x
Total23.20x2.05x0.92x

Risk Factors

Intense competition in the online education sector from both established players and new entrants.
Dependence on partnerships with universities; any disruption in these relationships could negatively impact operations.
Regulatory changes in the education sector could affect business operations and profitability.

Promoters & Management

The key management team of Jaro Institute of Technology Management and Research Limited comprises experienced professionals. Sanjay Namdeo Salunkhe serves as the Chairman and Managing Director, bringing over 17 years of experience in the education sector. Ranjita Raman holds the position of CEO and Wholetime Director, with over 16 years of experience in the education sector. Sankesh Kashinath Mophe is the Chief Financial Officer, having been with the company since 2011 and possessing over 17 years of experience in finance and accounting. Kirtika Chauhan serves as the Company Secretary and Compliance Officer, with over three years of experience in secretarial and compliance functions. Other senior management members include Sushant Mallya, Vice President - Human Resources, Viral Kadakia, Vice President - Sales (Degree Program), Anand Krishnan Thiraviyam, Vice President - Sales (Certification Program), Supriya Gade, Chief Manager - Marketing, and Shraddha Jadhav, Chief Manager - Back End Operations. This team brings a wealth of knowledge and expertise to the company, contributing to its strategic direction and operational efficiency.