Jain Resource Recycling IPO Day 2: Check GMP, Subscription Status & Key Highlights
Today marks Day 2 of the ₹ 1,250 crore Jain Resource Recycling IPO, which opened yesterday, September 24, 2025. The bidding window is scheduled to close on September 25, 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.
The book-running lead managers for the IPO are DAM Capital Advisors Limited, ICICI Securities Limited, Motilal Oswal Investment Advisors Limited, and PL Capital Markets Private Limited. Meanwhile, MUFG Intime India Private Limited (Link Intime) serves as the registrar for the issue.
Jain Resource Recycling IPO Day 2 Subscription Status
[25-September-2025 11:09:00]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
1.11 |
|
Non-Institutional Investors |
0.18 |
|
Retail Individual Investors (RIIs) |
0.75 |
|
Total |
0.79 |
Jain Resource Recycling IPO Day 1 Subscription Status
[24-September-2025 17:00:00]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
1.11 |
|
Non-Institutional Investors |
0.12 |
|
Retail Individual Investors (RIIs) |
0.51 |
|
Total |
0.73 |
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used to
- Repay/prepay the company’s outstanding borrowings
- General corporate purposes
Jain Resource Recycling IPO GMP Details
As of 25 September 2025, Jain Resource Recycling's IPO GMP stood at ₹20. The expected listing gain is ₹252, i.e., an 8.62% gain per share over the upper price band.
Source: Business Standard Report dated 25 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 a leading provider of environmentally responsible recycling and waste management solutions. The company recycles and manufactures non-ferrous metal products from non-ferrous metal scrap, including lead and lead alloy ingots, copper and copper ingots, and aluminium and aluminium alloys.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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