Initial public offering of up to 50,56,179 equity shares of face value of Rs.10 each ("equity shares") of Jaro Institute of Technology Management and Research Limited (the "company" or the "issuer") for cash at a price of Rs.890 per equity share (including a share premium of Rs.880 per equity share) ("offer price") aggregating up to Rs. 450.00 crores (the "offer") comprising a fresh issue of up to 19,10,112 equity shares of face value Rs.10 each aggregating up to Rs. 170.00 crores by the company (the "fresh issue") and an offer for sale of up to 31,46,067 equity shares of face value Rs.10 each aggregating up to Rs. 280.00 crores by Sanjay Namdeo Salunkhe ("promoter selling shareholder") (the "offer for sale").
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
23-Sep-2025
25-Sep-2025
₹ 890.00
₹ 0.00
Minimum Application for shares in Nos : 16.0
Further Multiples of : 16.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
156.16
Motilal Oswal Investment Advisors Ltd
Project Financed through Current Offer
450.00
Post Issue Equity Share Capital
22.16
Issue Price
₹890.00
Projects
Marketing brand building and advertising activities
Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company