New Delhi, Sep 25 (PTI) The initial public offering (IPO) of Jaro Institute of Technology Management and Research Ltd (Jaro Education) garnered 22.06 times subscription on the closing day of bidding on Thursday.

The Rs 450-crore IPO received bids for 8,21,31,312 shares against 37,23,404 shares on offer, according to data available with the NSE.

The quota for non-institutional investors got subscribed 35.48 times while qualified institutional buyers category attracted 35.35 times subscription. Retail individual investors component received 8.71 times subscription.

Jaro Institute of Technology Management and Research on Monday said it mopped up Rs 135 crore from anchor investors.

The issue has a price band of Rs 846-890 per share.

The company’s IPO has a fresh issue of shares worth Rs 1

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