Report of the Monitoring Agency for the quarter ended March 31, 2026.
JARO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jaro Institute, an E-Learning company, submitted its Q4 FY26 monitoring agency report for its IPO (September 2025). Crisil Ratings Limited serves as the monitoring agency. The IPO raised Rs 1,700 million (net proceeds: Rs 1,561.53 million after issue expenses of Rs 138.47 million). As of March 31, 2026, Rs 1,185.72 million (69.7%) has been utilized. Of the Rs 1,561.53 million net proceeds, Rs 514.28 million remains unutilized and is deployed in fixed deposits with Axis Bank (Rs 450 million) and bank accounts (Rs 14.28 million). The borrowings prepayment (Rs 450 million) has been fully utilized. The monitoring agency confirmed no material deviations from the offer document, though a delay in implementation is noted — the company utilized only Rs 619.52 million for marketing and GCP versus the planned Rs 901.53 million by Fiscal 2026, citing dynamic marketing strategy and cost optimization considerations.
The IPO proceeds are being deployed largely as intended, with no major deviations. The implementation delay for marketing and advertising spend may slow the company's growth initiatives but is within the allowed rescheduling provisions mentioned in the prospectus. The significant unutilized balance earning ~6.25-6.40% in fixed deposits provides future deployment flexibility.