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(18/09/2025 15:20)

Jaro Insti Tech&Mgt announces launch of initial public offering

Jaro Institute Of Technology Management And Research Ltd. has announced public offering of 5056180 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 880.00 per share. The gross proceeds of the issue are expected to be Rs 45,000.00 lakhs.

The company's initial public offer (IPO) will open on 23 September 2025 and is expected to close on 25 September 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 846.00-890.00 per share.

The IPO includes a fresh Issue of 5056180 Equity Shares of the Company at an price of Rs 890.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 16 shares with bids in multiples of 16.

Jaro Institute Of Technology Management And Research Ltd. anticipates using the proceeds of the issue for .

Motilal Oswal Investment Advisors Pvt. Ltd.,Systematix Corporate Services Ltd.,Nuvama Wealth Management Ltd. as lead manager(s) & Bigshare Services Pvt. Ltd. is the registrar, to the issue.