desk
Share
News Topical, Digital Desk : New IPO Listing: Shares of the company, which has customers spread abroad, were listed at a premium on the BSE and NSE on October 1, 2025 (Jain Resource Recycling IPO Listing). Jain Resource Recycling's stock listed on the NSE at ₹265.05 per share, a 14.25 percent premium. On the BSE, it listed at ₹265.25, a 14.33 percent premium.
Price Band ₹220 to ₹232
The price band was fixed at ₹220 to ₹232 per share. This included a fresh issue of 2.16 crore new shares (₹500 crore) and an OFS of 3.23 crore shares (₹750 crore). Investors had to apply for a minimum of 64 shares, which meant an investment of ₹14,848 was required at the upper price band.
Bids received for 49.67 crore shares Overall, bids were received for 49.67 crore shares, while the offer was for only 2.96 crore shares. Retail investors' portion was subscribed 3.81 times. NII (Non-Institutional Investors) portion was subscribed 5.59 times. QIBs (Qualified Institutional Buyers) showed the highest interest and their portion was subscribed 26.67 times. The company stated that the proceeds raised from the IPO will be primarily used for the prepayment or repayment of certain debt and for general corporate purposes.
Jain Resource Recycling Business This company was incorporated in 2022 and is engaged in the recycling and manufacturing of non-ferrous metals. Its product portfolio includes lead and lead alloy ingots, copper and copper ingots, and aluminum and aluminum alloys. These products are used in various industries, such as lead-acid batteries, electrical and electronics, pigments, and the automobile sector.
The company has clients both in India and abroad . Its major clients include Vedanta Limited-Sterlite Copper, Luminous Power Technologies, Yash Resources Recycling, Mitsubishi Corporation RtM Japan, and Nissan Trading Company.
Read More: Big news for Adani Group regarding control of JP Associates, 90% of lenders have received support.
--Advertisement--
