Investors Show Strong Interest as IPO Nears Deadline
The Initial Public Offering (IPO) of Jaro Institute of Technology Management and Research is set to conclude today, September 25, after opening for subscription on September 23. Following a slow start on Day 1—where it was subscribed only 0.87 times—investor interest picked up momentum on Day 2, resulting in the issue being fully subscribed.
Grey Market Signals Positive Sentiment for Jaro Institute IPO
GMP Hints at Potential Listing Gains for Investors
The unlisted equity shares of Jaro Institute have been trading at a notable premium in the grey market, suggesting that early investors might see a positive upside upon listing. As the final day of bidding unfolds, attention remains focused on the Grey Market Premium (GMP)—a key indicator of expected listing performance.
Jaro Institute IPO GMP Update: September 25
As of 8:00 a.m. on September 25, the GMP for Jaro Institute IPO stands at ₹106 per share. This reflects a projected listing price of ₹996, which is 11.91% higher than the IPO’s upper price band of ₹890.
For retail investors, this could translate to approximate listing gains of 12%, should the shares debut at this anticipated price level. The GMP reached its peak at ₹123 earlier during the subscription window, showcasing strong interest among market participants.
⚠️ Disclaimer: Grey Market Premium (GMP) figures are speculative and unofficial, sourced from InvestorGain.
Jaro Institute IPO Details: Price Band, Issue Size, and Key Highlights
A Quick Look at the Offering
- IPO Size: ₹450 crore
- Fresh Issue: ₹170 crore (19 lakh equity shares)
- Offer for Sale (OFS): ₹280 crore (31 lakh equity shares)
- Price Band: ₹846 – ₹890 per share
- Lot Size: 16 shares
- Minimum Investment (Retail): ₹14,240
Nuvama Wealth Management Ltd. is the lead book-running manager, while Bigshare Services Pvt. Ltd. serves as the registrar for the issue.
Company Overview: Who is Jaro Institute?
Jaro Institute of Technology Management and Research, founded in 2009, operates in the edtech sector, offering higher education solutions to working professionals and students. The company is known for its collaborations with top-tier institutes and aims to bridge the gap between academia and industry with flexible learning programs.
Key Dates to Watch: Allotment and Listing
The share allotment for the IPO is scheduled for September 26, while the official listing on NSE and BSE is expected to take place on September 30. Investors are eagerly awaiting the final allotment results and hoping to benefit from the anticipated listing gains.
