Mumbai: The Jaro Education IPO has become a major talking point after being fully subscribed on the second day of bidding, September 24. It received bids for 45.72 lakh shares, against 37.23 lakh shares on offer, achieving 123 percent subscription overall.

This strong response shows rising investor interest in education-focused companies, especially in the online and blended learning space.

Who Subscribed and How Much?

Here’s a category-wise look at the IPO subscription:

- Qualified Institutional Buyers (QIBs): 47 percent

- Non-Institutional Investors (NIIs): 229 percent

- Retail Individual Investors (RIIs): 121 percent Read Also PhonePe Moves Closer To IPO Dream, ₹1,2000 Crore Issue Likely In Initial Offer

Before the IPO opened, Jaro raised Rs 135 crore from anchor investors on

See Full Page