Jain Resource Recycling IPO: The initial public offering (IPO) of Jain Resource Recycling Ltd concluded for subscription last week on September 26, with the issue subscribed 15.90 times, according to the data obtained from the provisional exchange. The company aims to raise Rs 1,250 crore through the public offering.
The basis of allotment is finalised today, September 29, after which successful bidders can expect the shares to be credited to their respective demat accounts.
Investors can check their allotment status on the websites of BSE, NSE, or the issue registrar, Kfin Technologies.
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Here’s a step-by-step guide on how you can check your allotment status:
On the BSE website:
1) Visit the BSE allotment page
2) Select ‘Equity’ as the issue type
3) Choose ‘Jain Resource Recycling’ from the dropdown menu
4) Enter your PAN and application number
5) Click search to view your allotment status
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On the NSE website:
1) Visit the NSE allotment page
2) Select ‘Equity and SME IPO bids’
3) Choose ‘Jain Resource Recycling’ from the dropdown menu
4) Enter your PAN and application number
5) Click submit to view your allotment status
On the issue registrar’s website (Kfin Technologies):
1) Visit the Kfin Technologies website
2) Select ‘Jain Resource Recycling’ from the dropdown menu
3) Enter your application number or PAN
4) Click search to view your allotment status
Jain Resource Recycling IPO highlights:
Overall, investors bid for 49.67 crore shares against the total 3.12 crore shares on offer, with Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) subscribing 25.29 times, 5.30 times and 3.62 times, respectively.
The IPO is a book-built issue with an issue size of Rs 1,250 crore, which was open for subscription 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
Listing date: October 1, 2025, on BSE and NSE
Jain Resource Recycling company profile:
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.
