Belrise Industries IPO vs Jaro Institute IPO

Comparison between Belrise Industries IPO and Jaro Institute IPO.

IPO Details

Belrise Industries IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Jaro Institute IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Belrise Industries IPO is up to ₹2,150.00 Cr whereas the issue size of the Jaro Institute IPO is up to ₹450.00 Cr. The final issue price of Belrise Industries IPO is ₹90.00 per share and of Jaro Institute IPO is ₹890.00 per share.

 Belrise Industries IPOJaro Institute IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹85.00 per share₹846.00 per share
Issue Price (Upper)₹90.00 per share₹890.00 per share
Issue Price (Final)₹90.00 per share₹890.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size166 shares16 shares
Fresh Issue Size23,88,88,888 shares19,10,112 shares
Fresh Issue Size (Amount)up to ₹2,150.00 Crup to ₹170.00 Cr
OFS Issue Size0 shares31,46,067 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹280.00 Cr
Issue Size Total23,88,88,888 shares50,56,179 shares
Issue Size Total (Amount)up to ₹2,150.00 Crup to ₹450.00 Cr

IPO Timetable

Belrise Industries IPO opens on May 21, 2025, while Jaro Institute IPO opens on Sep 23, 2025. The closing date of Belrise Industries IPO and Jaro Institute IPO is May 23, 2025, and Sep 25, 2025, respectively.

 Belrise Industries IPOJaro Institute IPO
Anchor Bid DateMay 20, 2025Sep 22, 2025
Issue OpenMay 21, 2025Sep 23, 2025
Issue CloseMay 23, 2025Sep 25, 2025
Basis Of Allotment (Tentative)May 26, 2025Sep 26, 2025
Initiation of Refunds (Tentative)May 27, 2025Sep 29, 2025
Credit of Share (Tentative)May 27, 2025Sep 29, 2025
Listing date (Tentative)May 28, 2025Sep 30, 2025
Anchor Lockin End date 1Jun 25, 2025Oct 26, 2025
Anchor Lockin End date 2Aug 24, 2025Dec 25, 2025

Financials & KPIs

Belrise Industries IPO P/E ratio is 16.61, as compared to Jaro Institute IPO P/E ratio of 34.88.

 Belrise Industries IPOJaro Institute IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets6,587.696,041.655,679.155,196.07
Total Income6,064.767,555.676,620.785,410.68
Profit After Tax245.47352.70356.70307.24
NET Worth2,577.552,331.922,038.201,734.45
Reserves and Surplus2,252.242,014.432,024.161,715.31
Total Borrowing2,599.802,440.982,271.402,597.96
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Mar 2025
Assets276.70
Total Income254.02
Profit After Tax51.67
EBITDA83.58
NET Worth171.55
Reserves and Surplus151.31
Total Borrowing51.11
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.8178.28
Promoter Shareholding (Post-Issue)73.0157.32
P/E Ratio16.6134.88
Market Cap₹8008.91 Cr.₹1971.91 Cr.
ROE35.76%
ROCE14.83%37.38%
Debt/Equity0.970.30
EPS₹5.42₹25.52
RoNW13.33%30.12%

Shares Offered

In the Belrise Industries IPO Retail Individual Investors (RII) are offered 8,36,11,111 shares while in Jaro Institute IPO retail investors are offered 8,36,11,111 shares. Qualified Institutional Buyers (QIB) are offered 4,77,77,778 shares in Belrise Industries IPO and 10,11,236 shares in Jaro Institute IPO.

 Belrise Industries IPOJaro Institute IPO
Anchor Investor Reservation7,16,66,665 shares15,16,853 shares
Market Maker Reservation0 shares0 shares
QIB4,77,77,778 shares10,11,236 shares
NII3,58,33,334 shares7,58,427 shares
RII8,36,11,111 shares17,69,663 shares
Employee0 shares0 shares
Others
Total23,88,88,888 shares50,56,179 shares

Bids Received (Subscription)

Belrise Industries IPO subscribed 43.14x in total, whereas Jaro Institute IPO subscribed 23.20x.

 Belrise Industries IPOJaro Institute IPO
QIB (times)112.63x37.19x
NII (times)40.58x37.32x
Big NII (times)48.00x35.59x
Small NII (times)25.76x40.77x
RII (times)4.52x9.15x
Employee (times)
Other (times)
Total (times)43.14x23.20x

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