Thursday, November 27, 2025 | 04:01 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Jaro Institute makes flat D-street debut at ₹890; misses GMP estimates

Jaro Institute IPO listing: Post-listing, the stock fell over 17 per cent to hit an intraday low of ₹732.5 on the NSE

Jaro Institute IPO listing

SI Reporter New Delhi

Listen to This Article

Don't want to miss the best from Business Standard?

Jaro Institute, Jaro Institute share price: Shares of Jaro Institute of Technology Management & Research, an online higher education and upskilling platform, madde a flat debut on the stock exchanges on Tuesday, September 30, 2025, after successfully concluding its initial public offering (IPO).
 
On the NSE, the stock was listed at ₹890, which is the issue price. However, post-listing, the stock fell over 17 per cent to hit an intraday low of ₹732.5 on the NSE.
 
Similarly, on the NSE, Jaro Institute opened at ₹890. The stock fell nearly 15 per cent to hit a low of 756.6.
 
The listing fell short of grey market expectations. Ahead of the debut, shares were trading in the unofficial market at around ₹933, implying a grey market premium (GMP) of ₹43 or approximately 4.83 per cent over the upper end of the price band.  Check Jinkushal Industries IPO Allotment Status
 

Make smarter market moves with The Smart Investor. Daily insights on buzzing stocks and actionable information to guide your investment decisions delivered to your inbox.

Jaro Institute IPO subscription status

The public issue garnered a strong response, with total bids crossing 82.13 million shares against 3.72 million shares on offer, translating to an oversubscription of 22.06 times, based on NSE data.
 
Investor interest was led by Non-Institutional Investors (NIIs), who oversubscribed their segment by 35.48 times. Qualified Institutional Buyers (QIBs) followed with 35.35 times, while the Retail Investor portion saw a subscription of 8.71 times.

Jaro Institute IPO overview

The IPO included a combination of fresh issue of 1.9 million equity shares totaling ₹170 crore and an offer for sale (OFS) of 3.1 million shares worth ₹280 crore. The price band was set at ₹846-890 per share, with investors able to bid in lots of 16 shares. The subscription window remained open from Tuesday, September 23 to Thursday, September 25, 2025.
 
The basis of allotment was finalized on Friday, September 26, 2025, with the issue price fixed at ₹890 per share.

Jaro Institute IPO objective

According to the RHP, the net fresh issue proceeds will be used for marketing , brand building and advertising activities, repayment or prepayment or debt, and for general corporate purposes. The company will not receive any proceeds from the OFS component of the issue.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 30 2025 | 10:09 AM IST

Explore News