Mumbai, Sept. 26 -- The initial public offer of Jaro Institute of Technology Management and Research received bids for 8,21,31,312 shares as against 37,23,404 shares on offer. The issue was subscribed 22.06 times.

The Non-Institutional Investors category was subscribed 35.48 times, the Qualified Institutional Buyers (QIB) category was subscribed 35.35 times and the Retail Individual Investors category was subscribed 8.71 times.

The issue opened for bidding on 23 September 2025 and it will close on 25 September 2025. The price band of the IPO is fixed between Rs 846 and 890 per share.

The IPO consists of a fresh issue of Rs 170 crore and an offer for sale of Rs 280 crore. The selling shareholders include Sanjay Namdeo Salunkhe, who will...