Jain Resource Recycling's IPO subscribed 16 times: What to know
Jain Resource Recycling's IPO wrapped up with a strong 15.9 times subscription on the final day—bids came in for nearly 50 crore shares, while only about 3 crore were on offer.
Big investors (QIBs) led the rush, subscribing over 25 times their share, while retail and non-institutional investors also showed solid interest.
Tamil Nadu-based company focuses on sustainable recycling
Based in Tamil Nadu, Jain Resource Recycling makes non-ferrous metal products—think lead and copper ingots—from recycled scrap.
Their metals end up in batteries, cars, and electrical gear, all with a focus on sustainable recycling.
IPO includes ₹500 crore of new shares
The IPO includes ₹500 crore of new shares and ₹750 crore from existing shareholders (including promoters) selling their stake.
Anchor investors have already backed it with over ₹562 crore.
Shares are priced between ₹220-232 each (valuing the company at almost ₹8,000 crore), and are set to list on October 1, 2025.