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Jaro Education IPO Allotment Today After 22x Subscription, Listing Set for Sept 30

Grey‑market pricing has cooled to about Rs 73 over the issue price, signaling expectations of a moderate premium.

Overview

  • The Rs 450 crore book‑build comprises a Rs 170 crore fresh issue and a Rs 280 crore offer‑for‑sale in a price band of Rs 846–890 per share.
  • Overall bids were 22.06 times the shares on offer, with QIBs at 35.35x, NIIs at 35.48x, and retail at 8.71x, according to exchange data.
  • Share allotment is scheduled to be finalised today, with status accessible via BSE, NSE, and registrar Bigshare Services portals.
  • The stock is slated to debut on both the BSE and NSE on September 30, following completion of allotment and refunds/credits.
  • Unofficial GMP trackers now peg the premium near Rs 73 versus intraperiod quotes around Rs 115, indicating potential but uncertain listing gains.