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Jain Resource Recycling IPO: The initial public offering (IPO) of Jain Resource Recycling Ltd entered the final day of bidding today, September 26, with the issue subscribed 15.85 times so far, as per provisional exchange data. The company aims to raise Rs 1,250 crore through a fresh issue of Rs 500 crore and an Offer for Sale (OFS) of Rs 750 crore.

By 4:30 pm, investors have bid for 49.52 crore shares against the total 3.12 crore shares on offer. The subscription includes the Qualified Institutional Buyers (QIBs), who bid 25.29 times, Non-Institutional Investors (NIIs) who bid 5.25 times, and Retail Individual Investors (RIIs) who bid 3.43 times.

In terms of shares, QIBs have bid for 43.10 crore shares against the 1.70 crore shares reserved, NIIs have bid for 4.47 crore shares against the 85.22 lakh shares allotted, and RIIs bid for 1.94 crore shares against the allotted 56.81 lakh shares.

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The IPO is a book-built issue with an issue size of Rs 1,250 crore, and has the subscription window open from September 24 to September 26, 2025. The company plans to use the IPO proceeds for pre-payment or scheduled repayment of outstanding borrowings and general corporate purposes.

Price band: Rs 220 to Rs 232 per equity share

Issue size: Rs 1,250 crore, including a fresh issue of Rs 500 crore and an Offer for Sale (OFS) of Rs 750 crore

Minimum investment: Rs 14,848 for 64 shares

Allotment date: September 29, 2025

Listing date: October 1, 2025, on BSE and NSE

Jain Resource Recycling Limited deals in recycling and producing non-ferrous metals in India.

The company's revenue from operations increased by 60.91 per cent to Rs 7,125.77 crore in FY25, from Rs 4,428.42 crore in FY24. The net profit rose by 36.29 per cent to Rs 223.29 crore in FY25 from Rs 163.83 crore in FY24.

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Currently working as a trainee Sub-Editor at Zee Business, Shristi Rani is passionate about storytelling and delivering content that engages diverse audiences across digital platforms.

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