Jaro education IPO: The IPO of Rs 450 crore of Jaro Institute of Technology Management and Research Limited (Jaro Education) is very pleasing to investors. On the second day of bidding i.e. Wednesday, it was subscribed to 1.95 times. According to NSE data, this issue received a bid of 72,54,336 shares against 37,23,404 shares. Among them, the share of non-institutional investor (NII) was 3.49 times, the share of retail investor and 68 percent subscribed to qualified institutional buyers (QIBS).
The company had told on Monday that it had raised Rs 135 crore from anchor investors. The price band of the IPO has been fixed at Rs 846 to Rs 890 per share and this issue will be closed on Thursday. This offer includes a fresh issue of Rs 170 crore and an offer of Rs 280 crore from promoter Sanjay Namdev Salunkhe. Among the funds collected from the fresh issue, Rs 81 crore will be spent on marketing, brand building and advertising activities, Rs 45 crore will be used to repay the loan and the remaining amount will be used for general corporate needs.
In 2009, Jaro, established by Sanjay Salunkhe, offers education degrees and certification programs. As of March 2025, the company has more than 22 office-less-learning centers across the country and 17 Emarsiv Tech Studios are present in various IIM campuses. The company has 36 partner institutions, including IITs, IIMs and Swiss School of Management and Rotman School of Management, University of Toronto. Currently it is offering 268 courses and programs. For this issue, Nuwama Wealth Management, Motilal Oswal Investment Advisors and Systematics Corporate Services Book Running Lead Managers, while Bigsaire Services Registrar is the Registrar.
Anand Rathi’s IPO of Rs 745 crore received 1.11 times the second day
Anand Rathi Group’s brokerage unit Anand Rathi Share and Stock Brokers Limited’s initial public issue (IPO) received 1.11 times till the second day of the bid on Wednesday. According to NSE data, bids for 1,48,34,376 shares were received for 1,33,63,342 shares in the three -day initial public issue (IPO). The share of non-institutional investors received 1.88 times and the share of retail individual investors (RII) received 1.37 times subscriptions. The part of the eligible institutional buyers (QIB) received two percent of the subscriptions. Anand Rathi Share and Stock Brokers on Monday announced to raise more than Rs 220 crore from anchor investors. For the company’s Rs 745 crore IPO, the price of a share has been fixed between Rs 393 and Rs 414.
Fabtech Technologies IPO will open on September 29
Engineering solution provider Fabtech Technologies for Pharma, Biotech and Health Services Industry Fabtech Technologies fixed the price scope of Rs 181-191 per share for its initial public issue (IPO) of more than Rs 230 crore. Fabtech Technologies said in a statement on Wednesday that the IPO will open for subscription on September 29 and will be closed on October 1. The company’s IPO is completely the latest issue of 1.2 crore equity shares. The price of which is Rs 230 crore at the upper end of the price range. The amount received from the IPO will be used for meeting the needs of the company’s daily expenses, acquisition and other general corporate expenses.
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