Jaro Education to float IPO worth ₹600 Crore

Jaro Education, which offers online courses in conjunction with universities, has hired bankers to manage its initial public offering of shares, which is expected to be filed next month.

Jaro Education, situated in Mumbai and working with schools including IIMs, IITs, and premier colleges, intends to generate ₹600 Crore with an initial public offering. This would include the issuance of new shares worth ₹330 Crore as well as an offer to sell shares worth ₹270 Crore by the company’s founder and workers, who collectively own the whole shareholding.