Archive · 26 Sep 2025
Jain Resource Recycling IPO Closes Today; GMP at ₹17
Jain Resource Recycling, a metal recycling company, is selling shares to raise money through an IPO.
The IPO opened on September 24th and closed on September 26th.
Investors are bidding to buy these shares.
Early data shows the IPO was subscribed more than 1 times as of day 2.
Shares are expected to start trading on the stock exchanges on October 1.
The estimated listing price is ₹249 based on current Grey Market Premium (GMP) of ₹17, indicating potential gains for investors.
The money raised will be used to pay off debt and for company operations.
Jain Resource Recycling's IPO opened on September 24 and closes September 26.
The IPO price band is between ₹220-232 per share.
The IPO was subscribed 1.31 times by the end of Day 2.
Grey Market Premium (GMP) is ₹17, suggesting a listing price around ₹249.
Shares are expected to list on NSE and BSE on October 1.
- Who
- Jain Resource Recycling, Investors
- What
- Initial Public Offering (IPO)
- When
- Opened September 24, closed September 26; Allotment September 29; Listing October 1
- Where
- NSE and BSE
- Why
- To raise capital for repayment of borrowings and general corporate purposes.
SBI Securities
Ventura Securities
Recommendation
SBI Securities
“Subscribe for long-term”
Ventura Securities
“Subscribe”
- Issue Price
- ₹220-232 per share
- GMP
- ₹17
- Estimated Listing Price
- ₹249 per share
- Subscription Close
- September 26
- Allotment Date
- September 29
- Listing Date
- October 1
- Overall Subscription (Day 2)
- 1.31 times
Sources
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