Jaro Institute of Technology Management and Research (Jaro Education) has filed a Draft Red Herring Prospectus (DRHP) with the market regulator SEBI for an initial public offering(IPO) of ₹570 crore.
The merchant bankers appointed to handle the IPO are Nuvama Wealth Management, MotilalOswal Investment Advisors, and Systematix Corporate Services.
An early mover in the online higher education and upskilling space, Jaro Education was established in 2009 by SanjaySalunkhe, the CMD and a first-generation entrepreneur with over 17 years of experience in the education sector. He is supported by Ranjita Raman, the CEO and whole-time director who has 15+ years’ experience in the education sector.
The institute delivers personalized, technology-driven degree programs and certification programs in collaboration with its Partner Institutions to students as well as C-Suite personnel.