Jaro Institute of Technology Management and Research Limited (Jaro Education) debuted in the capital markets with its ₹450 crore initial public offering (IPO). The offering comprised a fresh issue of shares and an offer for sale by one of the promoters.
AZB & Partners advised Jaro Institute on this IPO.
The transaction team consisted of Varoon Chandra (Senior Partner), Agnik Bhattacharyya (Senior Partner), Sweta Ananthanarayanan (Partner), Rajat Chadha (Senior Associate), Anusha Mehta (Senior Associate), and Associates Harsh Vardhan Singh, Yagnesh Sharma, Vaibhav Kumar Shah and Udit Prajapat.
Trilegal advised the book running lead managers Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited and Systematix Corporate Services Limited, on this IPO.
The team was led by Partner Richa Choudhary, supported by Counsel Avanti Kale, Senior Associates Sanya Chaudhari and Shivayana Balodia, and Associates Naman Shah and Deepanshu Agarwal.
The Jaro Education IPO drew a strong investor response during its subscription window from 23 to 25 September 2025. The issue was subscribed nearly 87% on the first day itself and went on to close with oversubscription of more than 22 times overall. Grey market activity ahead of the listing also pointed to healthy premiums over the issue price, signalling high expectations from the market.
Jaro, founded in 2009, partners with Indian and global universities to deliver online degree and certification programs. It operates an asset-light model with more than 36 academic partners and has reported rapid financial growth, with revenues tripling between FY22 and FY25.
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