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.

According to the Draft Red Herring Prospectus (DRHP), AZB & Partners acted for the company.

Trilegal advised the book running lead managers. 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 syndicate of book running lead managers comprised Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited and Systematix Corporate Services Limited.

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.