The initial public offer of Jaro Institute of Technology Management and Research Ltd (Jaro Education) garnered 1.95 times subscription on the second day of bidding on Wednesday. The Rs 450-crore IPO received bids for 72,54,336 shares against 37,23,404 shares on offer, as per NSE data.

Who is driving the subscription?

Non-Institutional Investors component got subscribed 3.49 times while the portion for Retail Individual Investors received 2.01 times subscription. Qualified Institutional Buyers (QIBs) category got booked 68 per cent.

Jaro Institute of Technology Management and Research on Monday said it mopped up Rs 135 crore from anchor investors.The issue, with a price band of Rs 846 to Rs 890 per share, will conclude on Thursday. The company’s IPO has a fresh issue of shares wort

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