Jaro Institute IPO, known as Jaro Education, is launching its debut IPO to raise about ₹450 crore, through a combination of a fresh issue of ₹170 crore and an Offer For Sale (OFS) of ₹280 crore by promoter Sanjay Namdeo Salunkhe. The IPO opens for subscription on 23 September 2025 and closes on 25 September 2025, with anchor bids starting a day earlier on 22 September. The price band has been set at ₹846-₹890 per share, with a minimum lot size of 16 shares, meaning retail investors need to invest roughly ₹14,240 at the top of the band. The issue is structured via book-building, with 50% allocated to Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% reserved for Non-Institutional Investors (NIIs). Proceeds from the fresh issue will support key uses: approximately ₹81 crore is earmarked for marketing, brand building, and advertising; ₹45 crore for repayment of debt; the rest will meet general corporate purposes. On financials, in FY 2024 Jaro reported revenue of ₹202.60 crore, up from about ₹124.60 crore the prior year, and a net profit after tax of ₹39.44 crore, showing strong growth and margin improvements. The IPO GMP is already being closely tracked, as early indications show a positive premium in the grey market, suggesting investor optimism and expectation of a premium listing. The basis of allotment is expected on 26 September 2025, with listing on both NSE & BSE around 30 September 2025.