Jain Resource Recycling IPO Day 3: Check GMP, Subscription Status & Key Highlights
The ₹1250 crore initial public offering (IPO) of Jain Resource Recycling Solutions entered its final day of subscription today, with the issue subscribed 1.24 times by the end of Day 2.
Jain Resource Recycling IPO: Issue Details
- Issue Size: Jain Resource Recycling IPO is a book-building issue of ₹1,250 crores, consisting of a fresh issue of ₹500 crores and an offer for sale of ₹750 crores.
- Price Band: The price band is set between ₹220 and ₹232 per share.
- Book-running lead managers: DAM Capital Advisors Limited, ICICI Securities Limited, Motilal Oswal Investment Advisors Limited, and PL Capital Markets Private Limited
- Registrar: MUFG Intime India Private Limited
- Listing: The shares are proposed to be listed on the NSE and the BSE on October 1.
Jain Resource Recycling IPO Day 3: Subscription Details
[26-September-2025 10:15:00]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
1.64 |
|
Non-Institutional Investors |
0.59 |
|
Retail Individual Investors (RIIs) |
1.45 |
|
Total |
1.32 |
Utilisation of IPO Proceeds
The company aims to use the net proceeds from the fresh issue towards the following objectives.
- Repay/prepay the company’s outstanding borrowings.
- General corporate purposes
Jain Resource Recycling IPO GMP Details
As of 26 September 2025, Jain Resource Recycling IPO's GMP stood at ₹17. The estimated listing price is ₹249, i.e., a 7.33% gain per share over the upper price band.
Source: Business Standard Report dated 26 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. |
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