Market & News

Registered Office: 11th Flr Vikas Centre Dr.C.G.,Road Chembur East, Mumbai - 400074, Maharashtra, India.
Phone : 022-2520 5763   Fax:
Email :  cs@jaro.in  
Website :  www.jaroeducation.com

Initial public offering of up to [*] equity shares of face value of Rs.10 each ("equity shares") of Jaro Institute of Technology Management and Research Limited (the "company" or the "issuer") for cash at a price of Rs.[*] per equity share (including a share premium of Rs.[*] per equity share) ("offer price") aggregating up to Rs. 450.00 crores (the "offer") comprising a fresh issue of up to [*] equity shares of face value Rs.10 each aggregating up to Rs. 170.00 crores by the company (the "fresh issue") and an offer for sale of up to [*] equity shares of face value Rs.10 each aggregating up to Rs. 280.00 crores by Sanjay Namdeo Salunkhe ("promoter selling shareholder") (the "offer for sale"). Price Band: Rs. 846/- to Rs. 890/- for equity share of face value of Rs. 10 each. The floor price is 84.60 times times the face value and cap price is 89.00 times of the face value of the equity shares. Bids can made for a minimum of 16 equity shares and in multiples of 16 equity shares thereafter.