Jaro Institute of Technol. Mgt. and Research Ltd - IPO

Jaro Institute of Technol. Mgt. and Research Ltd IPO Details

Initial public offering of up to 50,56,179 equity shares of face value of Rs.10 each (equity shares) of Jaro Institute of Technology Management and Research Limited (the company or the issuer) for cash at a price of Rs.890 per equity share (including a share premium of Rs.880 per equity share) (offer price) aggregating up to Rs. 450.00 crores (the offer) comprising a fresh issue of up to 19,10,112 equity shares of face value Rs.10 each aggregating up to Rs. 170.00 crores by the company (the fresh issue) and an offer for sale of up to 31,46,067 equity shares of face value Rs.10 each aggregating up to Rs. 280.00 crores by Sanjay Namdeo Salunkhe (promoter selling shareholder) (the offer for sale).

Objective of issue

Marketing brand building and advertising activities. Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company. General corporate purposes.

Jaro Institute of Technol. Mgt. and Research Ltd Contact Details

Jaro Institute of Technol. Mgt. and Research Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@jaro.in

Website - www.jaroeducation.com