AZB & Partners and Trilegal advised on Jaro Education’s IPO. Jaro Education is one of India’s online higher education and upskilling platform companies. It markets and facilitates delivery of a diversified range of online degree programs including D.B.A, MBA, M.Com., M.A., PGDM, M.C.A., M.Sc., B.Com., BCA, as well as cross-disciplinary certification courses, in partnership with 36 Partner Institutions, including 16 Tier-1 universities and institutions (which include 7 IIMs and 7 IITs and 15 Tier-2 universities and institutions as of March 31, 2025.

The IPO comprised a fresh issue of equity shares and an offer for sale by one of the promoters. The net proceeds from the fresh issue will be utilised for marketing, brand building and advertising activities, repayment of debt and for general corporate purposes.

The book running lead managers to the IPO were Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited, and Systematix Corporate Services Limited.

AZB & Partners represented Jaro Institute of Technology Management and Research Limited (Jaro Education) and the Promoter Selling Shareholder on the initial public offering of equity shares (IPO), which was undertaken by way of fresh issue and offer for sale, aggregating to INR 4,500 million.

The deal team comprised Senior Partners Varoon Chandra and Agnik Bhattacharyya; and Partner Sweta Ananthanarayanan; along with Senior Associates Rajat Chadha, Anusha Mehta and Associates Harsh Vardhan Singh, Yagnesh Sharma, Vaibhav Kumar Shah and Udit Prajapat.

Trilegal advised the book running lead managers. The Trilegal Capital Markets team advising on the matter was led by Partner Richa Choudhary and supported by Counsel Avanti Kale, Senior Associates Sanya Chaudhari, Shivayana Balodia along with Associates Naman Shah and Deepanshu Agarwal.