Archive · 26 Sep 2025
Jain Resource Recycling IPO Oversubscribed, Closing Today
Jain Resource Recycling, a metal recycling company, is selling shares to raise money through an IPO.
This means they're offering a part of their company to the public.
They aimed to raise ₹1,250 crore.
The IPO was very popular, with many more people wanting to buy shares than available.
The money will help pay off debt and for general business use.
The company makes products from recycled metals like lead and copper.
The IPO closed and the shares are expected to list on October 1.
Jain Resource Recycling's IPO was subscribed 15.9 times on its final day.
The IPO offered shares valued at ₹1,250 crore.
The share price was set between ₹220 and ₹232.
The IPO includes both new and existing shares.
Funds will be used for debt repayment and general corporate purposes.
- Who
- Jain Resource Recycling offered an IPO.
- What
- An IPO of ₹1,250 crore, including fresh shares and sale of existing shares.
- When
- The IPO closed on Friday.
- Where
- N/A
- Why
- Funds will be used for debt repayment and general corporate purposes.
- Company
- Jain Resource Recycling Ltd
- IPO Value
- ₹1,250 crore
- Share Price
- ₹220-232
- Subscription Rate
- 15.9 times
- Listing Date
- October 1
- QIB Subscription
- 25.29 times
