Jain Resource Recycling IPO Opens Strong with QIB Support, Retail Bidding Picks Up

New Delhi, September 24, 2025: The Initial Public Offering of Jain Resource Recycling Limited opened today and received strong interest across investor categories, especially from institutional investors. By 4:30 PM on its Day 1, the issue had been subscribed by a total of 0.76 times, led by the Qualified Institutional Buyers (QIBs) category.

Jain Resource Recycling Limited is an Indian company that is engaged in the recycling of various scrap materials, including ferrous and non-ferrous metals, paper, plastic, and e-waste. The company was established on 19th November 2021 and has its headquarters in Mumbai, Maharashtra, India.

Jain Resource Recycling IPO Subscription Led By QIBs

Overall the IPO was subscribed 0.76 times, with a total of ₹522.618 crores raised from bids for 2,25,26,656 shares against the 2,96,33,622 shares offered. Anchor Investors fully subscribed to their portion, bidding for all 2,42,45,689 shares offered, which amounted to ₹562.500 crores. Qualified Institutional Buyers (QIBs), excluding the Anchor Investors, subscribed the issued by 1.17 times, bidding for 1,88,35,392 shares worth ₹436.981 crores. Non-Institutional Buyers’ category was subscribed 0.11 times, raising ₹20.640 crores for 8,89,664 shares.

This includes the bNII segment (bids above ₹10L), which was subscribed 0.08 times, and the sNII segment (bids below ₹10L), which was subscribed 0.18 times. Lastly, the Retail Investors category was subscribed 0.52 times, with bids for 28,01,600 shares amounting to ₹64.997 crores. The total number of applications received was 36,716.

Jain Resource Recycling IPO Raised ₹562.50 Crore From Anchor Investors

Ahead of the IPO, on September 23, the company raised ₹562.50 crore from anchor investors by allocating 2,42,45,689 equity shares at ₹232 per share. Key investors included HDFC Mutual Fund, Axis Mutual Fund, Goldman Sachs, Abu Dhabi Investment Authority, Motilal Oswal AMC, Bandhan MF, Tata AIA Life Insurance, SBI General Insurance, and Optimix Trust.

Jain Resource Recycling IPO Is a Book Build Issue of ₹1,250.00 Crores

The issue is a book build issue of ₹1,250.00 crores, including fresh issue of 2.16 crore shares amounting to ₹500.00 crores and offer for sale of 3.23 crore shares amounting to ₹750.00 crores. The price band for the IPO is ₹220-₹232, with the lot size of ₹64, amounting to a minimum investment of ₹14,848.

Jain Resource Recycling IPO opened today and will close on September 26. The share allotment is expected to be finalised on September 29. The company has fixed September 30 as the date for credit of shares and refund initiation. The shares of the company are expected to list on NSE and BSE on October 1, 2025.

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