Jaro Institute IPO: Rs 450 cr issue opens Tuesday but ed-tech peers show mixed 1-yr returns – News Air Insight

Jaro Institute of Technology Management & Research’s Rs 450 crore initial public offering (IPO) is set to open on Tuesday and its shares in the grey market (GMP) are already commanding a premium of Rs 104 or 12% per share. But a sneak-peak into the performance of its listed peers shows a mixed picture with stocks delivering returns in the range of (-)97% to 199%.

The listed ed-tech peers include Addictive Learning, NIIT, Veranda Learning Solutions, Crizac, Career Point, Golden Crest Education, Kuberan Global Edu Solution, Vantage Knowledge and Zee Learn.

Kuberan Global, a penny stock with a market capitalization of Rs 9.44 crore on the BSE has delivered highest returns of 199% over a 1-year period. Its last traded price on the closing basis was Rs 44.82. The next is Golden Crest with returns of 171%. The microcap counter with a mcap of Rs 179.38 has a Mcap of Rs 538.60 crore. Career Point Edutech (Map Rs 539, LTP 296) is another multibagger with returns of 118%.

Meanwhile, Crizac’s 12-month returns stand at 40%. Its market capitalisation is Rs 6,016 crore and the stock last ended at Rs 343.80.

Among the laggards, the sharpest fall of 88% is seen in Vantage Knowledge, a stock with a market capitalisation of Rs 105 crore while the last trading price on the closing basis at Rs 3.08.

Addictive Learning, which is SME stock listed on the NSE has a market capitalisation of Rs 230.69 crore and the share price of Rs 145, has seen its price erode by 57%.

One of the prominent names, NIIT, has seen its shares plunge 38%to Rs 112.05. Its market capitalisation is Rs 1,527 crore. Meanwhile, Veranda Learning has seen its share price erode by 35% to Rs 221.30 over a 1-year period. Its market capitalisation is Rs 2,071 crore.

Jaro Institute of Technology IPO

The company has set the issue price band at Rs 846 to Rs 890 per share. It will be a mix of issue of fresh shares worth Rs 170 crore and an offer for sale worth Rs 280 crore where promoter Sanjay Namdeo Salunkhe will be the selling shareholder. The IPO will close on Thursday, September 25.

Nuvama Wealth Management, Motilal Oswal Investment Advisors and Systematix Corporate Services will be book running lead managers (BRLMs) while the registrar to the issue will be Bigshare Services Private Limited.

Jaro Institute is an online higher education company with a pan-India presence of over 22 offices-cum-learning centres across major cities. The company catered to a total of 34 Partner Institutions, as of March 31, 2025.

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