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  1. Jain Resource Recycling IPO day 1: Live subscription status, price band, lot size, key dates and more

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Jain Resource Recycling IPO day 1: Live subscription status, price band, lot size, key dates and more

Kamal Joshi

3 min read | Updated on September 24, 2025, 10:47 IST

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SUMMARY

Jain Resource Recycling IPO: The initial share sale looks to raise ₹1,250 crore via fresh issuance of shares worth ₹500 crore and an offer for sale of ₹750 crore by promoter Kamlesh Jain and other shareholder Mayank Pareek.

Jain Resource Recycling Ltd manufactures non-ferrous metal products by recycling non-ferrous metal scrap. | Image: jainmetalgroup.com

Jain Resource Recycling Ltd manufactures non-ferrous metal products by recycling non-ferrous metal scrap. | Image: jainmetalgroup.com

Jain Resource Recycling IPO: The initial public offering of Jain Resource Recycling Ltd opened for subscription on Wednesday, September 24. The issue, with a price band of ₹220 to ₹232 per share, will conclude on Friday, September 26.

The initial share sale looks to raise ₹1,250 crore via fresh issuance of shares worth ₹500 crore and an offer for sale of ₹750 crore by promoter Kamlesh Jain and other shareholder Mayank Pareek.

The fresh issue proceeds will be used for clearing debt and serve general corporate purposes.

A lot consists of 64 shares and in multiples thereafter. According to the company, 75% of the net offer has been reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 10% for retail investors.

Jain Resource Recycling IPO day 1: Subscription details

On day 1 so far, the IPO received bids for 7,27,424 shares against 3,12,49,999 shares on offer, leading to 2% subscription, as per NSE data until 10:45 pm.

CategorySubscription Status
Qualified Institutional Buyers (QIBs)-
Non-Institutional Investors1%
Retail Investors11%
Total2%

Prior to the IPO, the company raised ₹562.5 crore from anchor investors, including Goldman Sachs, Optimix Wholesale Global Emerging Markets Share Trust, Abu Dhabi Investment Authority, Societe Generale, BNP Paribas, Citigroup Global, East Capital, Nomura Singapore, HDFC AMC, Axis Mutual Fund (MF), Motilal Oswal AMC, Bandhan MF, Helios MF, Nuvama, Singularity AMC, Tata AIA Life Insurance, SBI General Insurance, Edelweiss Life Insurance and ICICI Lombard General Insurance, among others.

Jain Resource Recycling is engaged in the manufacturing of non-ferrous metal products by recycling non-ferrous metal scrap. The company's product portfolio includes copper and copper ingots, lead and lead alloy ingots, and aluminium and aluminium alloys.

The company collaborated with Ikon Square Ltd UAE for setting up its gold refining plant in Sharjah, UAE. It also trades non-ferrous metals and other commodities.

DAM Capital Advisors, Motilal Oswal Investment Advisors, ICICI Securities and PL Capital Markets are the IPO's book-running lead managers, while KFin Technologies is the registrar.

Jain Resource Recycling IPO GMP

According to investorgain.com and media reports, Jain Resource Recycling's unlisted shares are trading at ₹262 per share, reflecting a grey market premium (GMP) of 12.93% over the upper price band of ₹232.

Disclaimer: Grey Market Premium (GMP) is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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