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Jain Resource Recycling Ltd launched its initial public offering (IPO) today, September 24. The Rs 1,250 crore issue comprises a fresh issue of Rs 500 crore and an Offer for Sale (OFS) of Rs 750 crore. According to the provisional exchange data, the issue has been subscribed 73 per cent so far.

Investors have bid for 2.27 crore shares out of the total 3.12crore shares on offer. Out of which, the Qualified Institutional Buyers (QIBs) have bid 1.11 times, Non-Institutional Investors (NIIs) have bid 0.12 times, and Retail Individual Investors (RIIs) have bid 0.51 times.

In simpler terms, QIBs have bid for 1.88 crore shares against the 1.70 crore shares reserved, NIIs have bid for 9.88 lakh shares out of 85.22 lakh shares allotted, and RIIs have bid for 29.16 lakh shares out of 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. It is open for subscription from September 24 to September 26, 2025. The company plans to utilise 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 of non-ferrous metals in India.

In FY25, the company's revenue from operations increased by 60.91 per cent to Rs 7,125.77 crore 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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