Jaro Institute of Technology Management & Research IPO allotment: Here’s how to check status online

Jaro Institute of Technology Management & Research Ltd. is expected to finalise the allocation of its initial public offering (IPO) shares on Friday, September 26, 2025, following a strong response to its public issue.

The ₹450-crore bookbuilding initial public offering was overall subscribed by a robust 22.06 times with bids made for more than 8.21 crore shares, compared to a total of 37.23 crore shares on offer.

The mainboard IPO was open for subscription for three days, from September 23 to September 25.

The retail quota of the IPO was booked by a healthy 8.71 times, while the Non-Institutional Investors’ (NIIs) category subscribed significantly to the issue by 33.83 times. The Qualified Institutional Buyers (QIBs) category, too, subscribed to their quota by an excess of 35.35 times.

The online higher education and upskilling platform’s IPO is a ‘Fresh Capital-cum-Offer for Sale’ sale type, made up of a fresh issue component of 19.1 lakh shares, aggregating up to ₹170 crore, and an offer-for-sale (OFS) component of more than 31.46 lakh shares of ₹10 each, totalling ₹280 crore.

The cumulative size of the entire IPO offering is valued at up to ₹450 crore, comprising over 50.56 lakh equity shares.

As per the prospectus, Jaro Institute of Technology Management & Research will utilize a sum of ₹81 crore from the proceeds generated by the IPO for activities involving marketing, brand building and advertising, while ₹45 crore of the amount will be used towards prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company.

Jaro Institute will use the remaining funds for general corporate purposes.

Investors who placed bids for the IPO shares can confirm their allotment status online through the BSE, NSE or the official webpage of the issue registrar, Bigshare Services Pvt Ltd.

Steps to check Jaro Institute IPO share allotment on BSE:

Access the IPO allotment section on BSE's website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx

Choose 'Equity' for the issue type

From the dropdown menu under issue names, select Jaro Institute of Technology Management & Research Ltd.

Enter your application number or PAN to move forward

Click search to check your share allotment details

Steps to check Jaro Institute IPO allotment on Bigshare Services:

Go to the link: https://www.bigshareonline.com/ipo_allotment.html

Choose 'Jaro Institute of Technology Management & Research Limited' from the list of companies

Pick either PAN, Application Number, DP/Client ID or Account Number/IFSC to check your allotment status

Input the necessary details

Click 'Submit' to obtain allotment status

The credit of Jaro Institute’s shares to the demat accounts of successful bidders is likely to be conducted on Monday, September 29, 2025, while the refunds to all the non-allottees will also be initiated on the same day. The company’s shares are scheduled to be listed on the stock exchanges - NSE and BSE, on Tuesday, September 30.

Jaro Institute is an online higher education and upskilling platform company which markets and facilitates delivery of a diverse range of degree programs including D.B.A, MBA, M.Com., M.A., PGDM, M.C.A., M.Sc., B.Com., BCA, as well as cross- disciplinary certification courses in partnership with various universities and institutions.

It has partnered with 36 Partner Institutions including 16 Tier I universities & institutions (including 7 IIMs & 7 IITs) and 15 Tier II universities & institutions. The company has a pan-India presence with 22 offices cum learning centres and 17 immersive studios across India as of March 2025.

Its revenue surged from ₹122 crore in FY23 to ₹252 crore in FY25, a CAGR of 44%. Adjusted PAT jumped from ₹11 crore to ₹52 crore in the same period, a CAGR of 113%. EBITDA margins improved from 19% to 32%, underscoring operating leverage.