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15 Days Price Change

Jaro Inst. of Tech&R IPO

Closing In

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WEBSITE Inc. Year: 2009 Industry: Educational Institutions Listed Page

Profile
Issue Size 331.38 Cr
Profile
Price Range 846  to  890 per share
Profile
Min Investment ₹890
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are one of India’s leading online higher education and upskilling platform companies, in terms of EBIDTA, EBIDTA Margin, PAT and PAT Margin, Return on Equity ("ROE”) and Return on Capital Employed ("ROCE”) as of March 31, 2023 (Source: Technopak Report). Since the establishment of our business in 2009 by Sanjay Namdeo Salunkhe, a first-generation entrepreneur and our Chairman and Managing Director with over 17 years of experience in the education sector, we have been one of the early movers in the online higher education and upskilling space (Source: Technopak Report). Despite being an entirely bootstrapped institution, we have achieved strong EBIDTA due to 15 years of in-depth understanding of the online higher education and upskilling sector (Source: Technopak Report). We leverage the expertise of our proficient senior management team with extensive experience in online higher education and upskilling, led by Sanjay Namdeo Salunkhe. Read More

Basic Info

Face Value 10 per share

Price 846  to  890 per share

P/E (x) 34.9

Sales( Cr.) 252

PAT( Cr.) 52

EPS 25.5

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Sanjay Namdeo Salunkhe Balkrishna Namdeo Salunkhe

Pre Issue Share Holding 78.28%

Post Issue Share Holding 57.33%

Listing Details:

Listing Price: 890

Listing Gain: 0%

Current Price: 562.3

Gain On Issue: 562.3 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 23, 2025
Closing Date Sep 25, 2025
Allotment Sep 26, 2025
Refund Sep 29, 2025
Delivery of Shares Sep 29, 2025
Listing Date Sep 30, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 16 14,240
Retail (Max) 14 224 199,360
S-HNI (Min) 15 240 213,600
S-HNI (Max) 70 1120 996,800
B-HNI (Min) 71 1136 1,011,040

Objective of the Issue

The Net Proceeds are proposed to be utilised in the following manner:1. Marketing, brand building and advertising activities2. Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company3. General corporate purposes

Issue

Category Nos Bid Bid (x)
QIB 1063829 37610352 35.4x
NII 797873 28306272 35.5x
Retail 1861702 16214688 8.7x
EMP 0 0 0x
Total 3723404 82131312 22.1x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Jaro Inst. of Tech&R Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 122 199 252
Other Income 2 5 4
Total Income 125 204 256
Total Expenditure 98 137 171
Operating Profit 26 66 85
Interest 5 5 5
Depreciation 5 7 9
Exceptional Income / Expenses 0 0 0
Profit Before Tax 16 55 70
Provision for Tax 4 14 18
Profit After Tax 12 41 52
Adjustments 0 0 0
Profit After Adjustments 12 41 52
Adjusted Earnings Per Share 5.8 20.3 25.5

Jaro Inst. of Tech&R Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 75 117 172
Minority's Interest 0 0 0
Borrowings 3 1 0
Other Non-Current Liabilities 18 39 34
Total Current Liabilities 69 63 78
Total Liabilities 166 220 284
Fixed Assets 20 17 16
Other Non-Current Assets 34 39 28
Total Current Assets 112 163 239
Total Assets 166 220 284

Jaro Inst. of Tech&R Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents -8 -18 18
Cash Flow from Operating Activities 3 -17 -23
Cash Flow from Investing Activities -8 47 -4
Cash Flow from Financing Activities -5 -18 14
Net Cash Inflow / Outflow -10 12 -13
Closing Cash & Cash Equivalent -18 -6 5

Jaro Inst. of Tech&R Ratios

# Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.76 20.26 25.53
CEPS(Rs) 8.47 23.68 30.05
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 35.75 55.92 81.72
Core EBITDA Margin(%) 19.63 31 32.08
EBIT Margin(%) 17.2 29.91 29.88
Pre Tax Margin(%) 12.88 27.38 27.8
PAT Margin (%) 9.43 20.36 20.48
Cash Profit Margin (%) 13.87 23.8 24.11
ROA(%) 6.94 21.03 20.54
ROE(%) 16.1 44.2 37.27
ROCE(%) 19.26 47.37 41.31
Receivable days 20.67 17.06 34.66
Inventory Days 0 0 0
Payable days 0 0 0
PER(x) 0 0 0
Price/Book(x) 0 0 0
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 0.29 0.11 0.26
EV/Core EBITDA(x) 1.35 0.32 0.78
Net Sales Growth(%) 0 62.96 26.74
EBIT Growth(%) 0 183.41 26.6
PAT Growth(%) 0 251.87 27.49
EPS Growth(%) 0 251.87 26.03
Debt/Equity(x) 0.47 0.22 0.31
Current Ratio(x) 1.62 2.59 3.09
Quick Ratio(x) 1.62 2.59 3.09
Interest Cover(x) 3.98 11.85 14.42
Total Debt/Mcap(x) 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 27% 0% 0% 0%
Operating Profit CAGR 29% 0% 0% 0%
PAT CAGR 27% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 37% 33% 33% 33%
ROCE Average 41% 36% 36% 36%

Company Contact Information

Jaro Institute of Technology Management and Research Ltd.

Kirtika Chauhan

022 - 2520 5763

cs@jaro.in

11th Floor, Vikas Centre Dr. C. G. Road Chembur (East)

IPO Lead Manager(s)

Jaro Institute of Technology Management and Research Ltd.

Nuvama Wealth Management Ltd.

Motilal Oswal Investment Advisors Pvt Ltd

Systematix Corporate Services Ltd.

Registrar Info

Jaro Institute of Technology Management and Research Ltd.

Bigshare Services Pvt Ltd

Club House Road, Opp. Vasant Oasis, Makwada Road, Marol, Andheri, Mumbai-400059, Maharashtra

91 22 6263 8200

91 22 6263 8299

ipo@bigshareonline.com

https://www.bigshareonline.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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