Jain Resource Recycling IPO Day 1: Check GMP, Subscription Status & Key Highlights
The public subscription window for the Jain Resource Recycling IPO is open today, September 24, and will conclude on September 26. One day before the IPO opening, the company raised ₹562.5 crore from its anchor investors on September 23, 2025.
Jain Resource Recycling IPO: Issue Details
The Jain Resource Recycling IPO is a book-building issue of ₹ 1,250 crores, comprising a fresh issue of ₹500 crores and an offer for sale of ₹750 crores.
The price band is set between ₹220 and ₹232 per share. The basis of allotment will be finalised by September 29, 2025, and the tentative listing date on BSE and NSE is October 1, 2025.
Jain Resource Recycling IPO Day 1 Subscription Status
[24-September-2025 11:09:00]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.00 |
|
Non-Institutional Investors |
0.02 |
|
Retail Individual Investors (RIIs) |
0.15 |
|
Total |
0.03 |
Utilisation of IPO Proceeds
The net proceeds from the fresh will be used to:
- Repay/prepay company’s outstanding borrowings
- General corporate purposes
Jain Resource Recycling IPO GMP Details
As of September 24, 2025, the Jain Resource Recycling IPO GMP stood at ₹30. The estimated listing price is ₹262, i.e., a 12.93% gain per share over the upper price band.
Source: Business Standard Report dated 24 September 2025
Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.
Jain Resource Recycling Business Overview
Jain Resource Recycling is engaged in the process of recycling and manufacturing non-ferrous metal products from non-ferrous metal scrap. Their product portfolio includes lead and lead alloy ingots, copper and copper ingots, as well as aluminium and aluminium alloys.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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