Jaro Education IPO Fully Subscribed on Day 2 | Stock Market Today

Market Performance

The Jaro Education IPO made waves in the market on its second day of bidding, September 24, as investors showed strong interest across all categories. The initial public offering (IPO) received bids for 45,72,880 shares against 37,23,404 shares on offer, signaling 123% subscription.

This surge highlights the growing appetite for education-focused companies in India’s stock market today, particularly in the online and blended learning space.

Main News: How the IPO Subscription Unfolded

Breaking down the subscription:

• Qualified Institutional Buyers (QIBs): 47% subscription
  
  
• Non-Institutional Investors (NIIs): 229% subscription
  
  
• Retail Individual Investors (RIIs): 121% subscription
  
  

Ahead of the IPO, Jaro Institute had raised ₹135 crore from anchor investors on September 22. Participating names included Citigroup Global Markets Mauritius, Nomura Singapore, Societe Generale, 360 ONE Fund, WhiteOak Capital MF, and ITI MF.

This strong anchor round set the tone for a robust subscription across all investor categories.

Company Details: Jaro Education IPO

The IPO structure:

• Fresh Issue: ₹170 crore
  
  
• Offer for Sale (OFS): ₹280 crore by promoter Sanjay Namdeo Salunkhe
  
  

Allocation of the fresh issue:

• Marketing, Brand Building, Advertising: ₹81 crore
  
  
• Debt Repayment: ₹45 crore
  
  
• General Corporate Purposes: Remaining portion
  
  

Price Band: ₹846 – ₹890 per share
IPO Subscription Period: September 23–25

About Jaro Education

Founded in 2009 by Sanjay Namdeo Salunkhe, Jaro Education has grown into a leading player in the Indian online and blended education sector.

Key highlights:

• 22 offices-cum-learning centres across major cities for offline learning
  
  
• 17 immersive tech studio set-ups in partner campuses
  
  
• 36 partner institutions, including IITs, IIMs, Swiss School of Management, and Rotman School of Management, University of Toronto
  
  
• 268 courses spanning diverse degree and certification programmes
  
  

The company blends online and offline learning, catering to a growing demand for upskilling and higher education in India.

IPO Performance Snapshot

On day 2:

• The IPO received bids exceeding the total shares on offer by 23%
  
  
• Strong institutional, retail, and non-institutional participation indicates confidence in Jaro Education’s growth story
  
  
• Anchor investor backing of ₹135 crore underscored market interest and credibility
  
  

This makes Jaro Education one of the most closely watched IPOs in the Indian education sector this year.

Summary

In short, Jaro Education IPO emerged as a market highlight on September 24:

• Fully subscribed on the second day, indicating high investor interest
  
  
• Strong anchor investor participation of ₹135 crore
  
  
• Broad subscription across QIBs, RIIs, and NIIs
  
  
• Clear focus on marketing, debt repayment, and corporate growth from the fresh issue
  
  

The IPO reflects both the growing confidence in India’s online education market and the potential of Jaro Education to capitalize on this expanding sector.

With 268 programs and 36 global and Indian partner institutions, the company’s offerings remain well-aligned with the increasing demand for professional upskilling and higher education.