Wealth Destroyer: New listing drops nearly 60% from issue price, shareholder lock

Wealth Destroyer: New listing drops nearly 60% from issue price, shareholder lock-in ends today

As many as 1.21 crore shares, or 55% of the Jaro Institute's outstanding equity becomes eligible for trade from Monday, March 30. At the previous closing price, these shares were valued at ₹515.4 crore.

By Shloka Badkar

Shares of Jaro Insitute of Technology Management and Research Ltd. declined nearly 6% on Monday, March 30, as its six-month and beyond shareholder lock-in period ended today.

As many as 1.21 crore shares, or 55% of the company's outstanding equity becomes eligible for trade from Monday, March 30, according to Nuvama Alternative & Quantitative Research. At the previous closing price, these shares were valued at ₹515.4 crore.

It is important to note that the expiry of the lock-in period does not mean these shares will be sold in the open market. It just means that they become eligible for trading. Click here to check details of all stocks with shareholder lock-in periods ending today.

Jaro Institute shares listed on the stock exchanges at its IPO price of ₹890 on September 30, 2025 . However, the stock had declined 18% soon after listing. At the lows the stock is down nearly 60% from its issue price.

Promoters of the company had a 57.33% stake at the end of the December quarter.

Abakkus Diversified Alpha Fund has a 2.28% stake, while Singularity Equity Fund I and Singularity Growth Opportunities Fund II had a 1.45% and 1.33% stake respectively, as on December 31, 2025.

As many as 71,500 small, retail investors, or those with authorized share capital of up to ₹2 lakh, had a 17.1% stake in the company.

Shares of Jaro Insitute and Technology Management and Research Ltd. declined 5.9% to hit an intraday low of ₹403.3 apiece on Monday. The stock was down 5.6% at ₹404.5 apiece around 11 am. It has declined 12.5% this year, so far.

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