Mumbai, Sept. 18 -- Jaro Institute of Technology Management and Research Limited, popularly known as Jaro Education, has fixed the price band of its maiden initial public offering (IPO) at Rs 846 to Rs 890 per Equity Share of face value Rs 10 each.
The IPO will open for subscription on September 23, 2025, and close on September 25, 2025. Investors can bid for a minimum of 16 Equity Shares and in multiples of 16 shares thereafter.
The IPO comprises a fresh issue of shares valued at up to Rs 170 crore and an offer for sale of up to Rs 280 crore by promoter selling shareholders.
Jaro Education proposes to utilise Rs 81 crore from the net proceeds for marketing, brand building, and advertising. Another Rs 45 crore will be used for the repaym...