Jaro Education, founded in 2009, is a leading online higher education and upskilling platform in India. The company, a pioneer in this space, partners with 36 institutions, including top-tier universities like IIMs and IITs, to offer a diverse range of online degree programs and certification courses.  Its business model focuses on acting as a technology and marketing partner for these institutions, helping them expand their reach and student base without the need for physical expansion.

The company’s services are built on a proprietary technology stack and a nationwide physical presence, including 22 offices and 17 immersive studio setups. Jaro’s expertise in business intelligence and market research allows it to provide valuable insights to its partners on course design and marketing strategies. The company has demonstrated strong financial discipline, achieving high EBIDTA since its inception as a bootstrapped firm. Its sustained relationships with prestigious institutions and a focus on providing quality education to learners position Jaro Education as a key player in India’s growing online education market.

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(There are no listed peers of the company in India.)

*Market cap @upper band

• Market-Leading Position: The Company holds a dominant position in the online education space with a strong brand and a pan-India presence serving a diverse client base.
• Comprehensive Offerings: It provides comprehensive and diverse solutions to partner institutions and learners, ensuring high revenue predictability through robust, long-term relationships.
• Technology and Digitalization Focus: The firm leverages technology and digitalization to enhance the client experience, streamline its operations, and drive business expansion across the market.
• Experienced Leadership: A seasoned senior management team with deep industry expertise and a proven track record guides the company’s strategic growth and operational success.

The Company JARO INSTITUTE OF TECHNOLOGY MANAGEMENT AND RESEARCH LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Marketing, brand building and advertising activities (₹ 81 Cr.)
• Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company (₹ 45 Cr.)
• General corporate purposes

At the upper band of IPO ₹ 890, the stock is valued at 38.17 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.