Jain Resource Recycling Ltd made an impressive debut on the Indian stock exchanges on October 1, 2025, with shares listing at ₹265.05 on the NSE and ₹265.25 on the BSE. This represents a gain of 14.25% and 14.33% over the IPO price of ₹232, highlighting robust investor demand. The IPO was oversubscribed 16.76 times, reflecting strong participation across retail, non-institutional, and institutional categories.
IPO Details and Subscription
Jain Resource Recycling IPO was priced in the range of ₹220–232 per share and consisted of a fresh issue of 2.16 crore shares worth ₹500 crore, along with an offer-for-sale (OFS) of 3.23 crore shares totalling ₹750 crore. Investors were able to apply for a minimum of 64 shares, which translated to a retail investment of approximately ₹14,848 at the upper price band.
The issue witnessed substantial interest across categories. Qualified Institutional Buyers (QIBs) led the subscription with 26.67 times their allocated quota, Non-Institutional Investors (NIIs) subscribed 5.59 times, and the retail portion was subscribed 3.81 times, demonstrating a wide spectrum of investor engagement.
Use of Proceeds
Proceeds from the fresh issue are earmarked primarily for the prepayment or scheduled repayment of certain borrowings. The remaining funds will be used for general corporate purposes, supporting the company’s growth and operational requirements.
Management and Oversight
Dam Capital Advisors Ltd. oversaw the IPO as the book-running lead manager, with Kfin Technologies Ltd. handling the registrar responsibilities for the issue.
Company Overview
Founded in 2022, Jain Resource Recycling Limited is engaged in the recycling and production of non-ferrous metals. Its product offerings include a variety of lead, copper, and aluminium ingots and alloys. The company serves industries such as lead-acid batteries, electrical and electronics, pigments, and automotive, catering to clients both in India and overseas. Notable customers include Vedanta Limited–Sterlite Copper, Luminous Power Technologies, Yash Resources Recycling, Mitsubishi Corporation RtM Japan, and Nissan Trading Co.
Conclusion
The strong listing performance of Jain Resource Recycling Limited shares underscores the high investor confidence in the company’s business model and growth prospects. With robust subscription figures and significant premium gains at debut, the IPO sets a positive precedent for the company’s presence in the public market.
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