Jain Resource Recycling IPO allotment today: How to check status
What's the story
Jain Resource Recycling's initial public offering (IPO) allotment status is expected to be finalized today, September 29. The company's shares are set to be listed on October 1, on both BSE and NSE. Investors can check their allotment status online through the BSE and NSE websites or Kfin Technologies's official portal.
Allotment verification
How to check allotment status on BSE
To check the IPO allotment status on BSE, investors need to visit the official website and select 'Equity' in the issue type. Then, they have to choose 'Jain Resource Recycling' from the issue name dropdown menu. After entering either their application number or PAN and verifying by ticking 'I am not robot,' they can click on 'Search' for their Jain Resource Recycling IPO allotment status.
NSE procedure
Checking allotment status on NSE
Investors can also check their Jain Resource Recycling IPO allotment status via the National Stock Exchange (NSE). They have to visit the NSE allotment status page and select 'Equity and SME IPO bids.' After choosing 'Jain Resource Recycling' from the issue name dropdown menu and entering their PAN and application number, they can click on Submit for their allotment status.
Kfin process
Allotment status can also be checked on Kfin website
Investors can also check their Jain Resource Recycling IPO allotment status through the IPO registrar's website, Kfin Technologies. They have to select 'Jain Resource Recycling' in the Select IPO dropdown menu and choose either application number, demat account, or PAN. After entering details as per their selection and captcha code before clicking on Submit, they can get their allotment status.
Market performance
GMP indicates strong debut for the stock
Jain Resource Recycling shares are performing well in the unlisted market with a healthy gray market premium (GMP) of ₹18 per share. This indicates that the stock is expected to list at ₹250 apiece, at a premium of 7.76% to its IPO price of ₹232 per share. The ₹1,250 crore IPO was subscribed 15.90 times over three days of bidding, with applications for 49.67 crore shares against 3.12 crore shares on offer.