Jain Resource Recycling IPO: The initial public offering (IPO) of Jain Resource Recycling Ltd concluded the second day of bidding today, September 25, with the issue subscribed 1.24 times, as per provisional exchange data. The company aims to raise 1,250 crore through a fresh issue of Rs 500 crore and an Offer for Sale (OFS) of Rs 750 crore.
Jain Resource Recycling IPO subscription status:
The issue saw subscription of 3.89 crore shares against the total 3.12 crore shares on offer. The subscription includes the Qualified Institutional Buyers (QIBs), who bid 1.61 times, Non-Institutional Investors (NIIs) who bid 0.49 times, and Retail Individual Investors (RIIs) who bid 1.28 times.
In terms of shares, QIBs bid for 2.74 crore shares against the 1.70 crore shares reserved, NIIs bid for 42 lakh shares out of 85.22 lakh shares allotted, and RIIs bid for 72.46 lakh shares against the allotted 56.81 lakh shares.
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Jain Resource Recycling IPO details:
The IPO is a book-built issue with an issue size of Rs 1,250 crore, with 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
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.
