Jain Resource Recycling IPO allotment: How to check status online on NSE, BSE, KFin Technologies; listing date and time here

Jain Resource Recycling IPO allotment: The basis of allotment of Jain Resource Recycling Ltd is expected to be finalised on Monday, September 29. The details will be available on the websites of registrar KFin Technologies, the NSE and the BSE.

The initial public offer received 15.90 times subscription, with bids for 49,67,45,344 shares compared to 3,12,49,999 shares on offer, according to the details available on the BSE website.

With a price band of ₹220 to ₹232 per share, the Tamil Nadu-based firm's ₹1,250 crore IPO had a fresh issue of shares valued at ₹500 crore and an offer for sale (OFS) worth ₹750 crore by promoter Kamlesh Jain and shareholder Mayank Pareek.

The capital generated will be used for debt repayment and corporate general purposes.

Jain Resource Recycling makes non-ferrous metal products by recycling non-ferrous metal scrap. Its product portfolio includes lead and lead alloy ingots, aluminium and aluminium alloys and copper and copper ingots.

DAM Capital Advisors, Motilal Oswal Investment Advisors, ICICI Securities, and PL Capital Markets were the book-running lead managers to the offer.

Jain Resource Recycling IPO allotment date and time

Jain Resource Recycling IPO allotment is likely to be finalised on Monday, September 29 by late evening.

How to check Jain Resource Recycling IPO allotment status online on NSE

• Go to NSE's IPO status portal: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose ‘Equity & SME IPO bid details’
• Select 'JAINREC' from the 'Select Symbol' list
• Add your application number and PAN card details
• Press the 'Submit' button

Steps to check Jain Resource Recycling IPO allotment status online on BSE

• Visit this page: https://bseindia.com/investors/appli_check.aspx
• Select the 'Equity' option
• Pick 'Jain Resource Recycling Ltd' from issue names
• Identify yourself using application number or PAN
• Hit the 'Search' button

Jain Resource Recycling IPO allotment status online on KFin Technologies

• Visit KFin Technologies' IPO status website: https://ipostatus.kfintech.com/
• In the 'Select IPO' dropdown, select ‘Jain Resource Recycling Ltd’
• Identify yourself using your Demat account number, IPO application number or PAN
• Click on 'Submit'

Jain Resource Recycling IPO listing date and time

Shares of Jain Resource Recycling will be listed on the NSE and the BSE on Wednesday, October 1.

Jain Resource Recycling IPO GMP

According to investorgain.com and media reports, unlisted shares of Jain Resource Recycling are trading at ₹250 per share, reflecting a grey market premium of 7.76% over the upper price band of ₹232.