Jaro Institute shares decline 5% as three-month shareholder lock-in period ends today

Shares of Jaro Institute of Tech Management and Research Ltd. declined nearly 5% on Friday, December 26, as the company's lock-in period ended in today's trading session.

According to Nuvama Alternative & Quantitative Research, as many as 8 lakh shares or 3% of its outstanding equity became free to trade with the lock-in period ending. As of Wednesday's close, the value of those shares is worth ₹43 crore.

The company's one-month lock-in ended on October 27, 2025, with 8 lakh shares or 3% of the outstanding equity worth ₹53.37 crore had become eligible to be traded.

It must be noted that the end of the shareholder lock-in period does not mean all the shares will be sold in the open market, but they only become eligible to be traded.

Jaro Institute shares listed on the stock exchanges on September 30, 2025, exactly at their issue price of ₹890 apiece. However, the stock declined 18% soon after.

The ₹450 crore initial public offering (IPO) comprised a ₹170 crore fresh issue of shares and the remaining ₹280 crore offer for sale (OFS) component. The three-day IPO was subscribed

22 times the number of shares on offer, as per NSE data.

The proceeds raised via the fresh use to be used for marketing, brand building and advertising activity (₹81 crore), pre-payment or scheduled repayment of a portion of certain outstanding borrowings availed by the firm (₹45 crore) and for general corporate purposes.

The stock was down 4.9% at ₹513.5 apiece around 11 AM. It has declined 43% so far from its issue price.

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