New Delhi, Sept. 22 -- Jaro Institute of Technology Management & Research IPO: The initial public offering of Jaro Institute of Technology Management & Research opens for subscription tomorrow, September 23 and will close on September 25. The company aims to raise Rs.450 crore through the IPO and list the shares on NSE and BSE.

1) IPO size: The IPO comprises a fresh issue of 0.19 crore shares aggregating to Rs.170.00 crore and an offer for sale of 0.31 crore shares aggregating to Rs.280.00 crore. Promoter Sanjay Namdeo Salunkhe is selling equity shares worth Rs.400 crore through the OFS route. Salunkhe holds a majority 78.2 percent stake in the company, according to the draft red herring prospectus (DRHP).

2) Price band: The company is ...