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Jaro Institute of Technology Management and Research (Jaro Education) on Thursday said it is looking to raise Rs 450 crore through its Initial Public Offering (IPO), which will open for subscription on September 23.
In a public announcement, the company said it has fixed a price band of Rs 846 to Rs 890 per share for its maiden public offering.
The company's IPO --comprises a fresh issue of shares worth Rs 170 crore and an Offer for Sale (OFS) of shares valued Rs 280 crore by promoter Sanjay Namdeo Salunkhe -- is scheduled to conclude on September 25.
Of the fresh issuance, Rs 81 crore has been earmarked for marketing, brand building and advertising activities, Rs 45 crore for payment of debt and the rest for general corporate purposes.
Founded in 2009 by Salunkhe, Jaro Education offers degree programs and certification programs in collaboration with its partner institutions.
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As of March 2025, it has over 22 offices-cum-learning centres across major cities for offline learning, apart from 17 immersive tech studio set-ups in the campuses of various IIMs, and cater to a total of 36 partner institutions such as IITs, IIMs and premier global institutions like Swiss School of Management and Rotman School of Management, University of Toronto. It offers 268 course offerings and programs of diverse domains
Nuvama Wealth Management, Motilal Oswal Investment Advisors, and Systematix Corporate Services are book running lead managers while Bigshare Services is the registrar to the IPO.
Anand Rathi’s brokerage arm sets price band at ₹393-414/share
Anand Rathi Group’s brokerage arm, Anand Rathi Share and Stock Brokers, fixed a price band of ₹393 to ₹414 per share for its upcoming ₹745-crore initial public offering (IPO). The IPO is scheduled to open for subscription on September 23 and conclude on September 25. The IPO is entirely a fresh issuance of shares worth ₹745 crore with no offer-for-sale component. Anand Rathi Share and Stock Brokers Ltd provides a wide range of financial services, including broking, and distribution of financial products, under the brand name 'Anand Rathi'.
Solarworld Energy Solutions’ public listing opens next week
Solar energy solutions provider Solarworld Energy Solutions on Thursday fixed a price band of ₹333 to ₹351 per share for its upcoming ₹490-crore initial public offering (IPO).At the upper end, the company is valued at around ₹3,000 crore. The company’s maiden public offering will be open for subscription on September 23 and conclude on September 25. The bidding for anchor investors will open for a day on September 22, according to its public announcement.The IPO is a combination of fresh issuance of equity shares worth ₹440 crore, and an offer-for-sale of shares valued ₹ 50 crore by promoter Pioneer Facor IT Infradevelopers.
Seshaasai Technologies’ ₹813 cr public offer to open on Sept 23
Payments solutions provider Seshaasai Technologies on Thursday announced a price band of ₹402-423 per share for its upcoming ₹813 crore initial public offering (IPO).The company's maiden public offering is scheduled to open for subscription on September 23 and conclude on September 25.The IPO is a combination of a fresh issue of shares worth ₹480 crore and an offer-for-sale (OFS) component of 7.87 million shares valued ₹333 crore at the upper end. This takes the total issue size to ₹813 crore. Proceeds from the fresh issue to the tune of ₹198 crore will be allocated for the expansion of existing manufacturing units, ₹300 crore for payment of debt and the rest for general corporate purposes.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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