Jain Resource Recycling IPO Opens Today; Anchor Investors Infuse ₹562.50 Crore

New Delhi, September 24, 2025: The ₹1,250-crore Initial Public Offer (IPO) of Jain Resource Recycling Limited is opened today for subscription. The issue will remain open until September 26, 2025. The price band of the issue has been set at ₹220–₹232 per share, and the lot size is 64 shares. The listing of the shares is expected on October 1, 2025.

Before the launch of Jain Resource Recycling IPO, the company mobilized ₹562.50 crore from anchor investors through the issue of 2,42,45,689 equity shares at the upper price of ₹232 per equity share.

Jain Resource Recycling is a major recycler of industrial scrap and non-ferrous and plastic materials from India. With a presence in more than 70 nations, the organization holds a leading position as a sustainable resource recoverer and a world-class supplier of recycled lead and copper materials.

Anchor Allocation Highlights

Out of the total allotment, 34.49% (83,62,176 shares) were subscribed through 14 schemes of five domestic mutual funds.

Major Appointments

• HDFC Mutual Fund
  • HDFC Manufacturing Fund: 21.55 lakh shares (₹50.01 crore)
  • HDFC Business Cycle Fund: 4.31 lakh shares (₹10.00 crore)
• Axis Mutual Fund
  • Axis Small Cap Fund: 23.27 lakh (₹53.98 crore)
  • Axis Innovation Fund: 2.58 lakh shares (₹6.00 crore)
• Goldman Sachs Funds: 25.86 lakh shares (₹60.00 crore)
• Abu Dhabi Investment Authority – Stable: 18.96 lakh shares (₹44.00 crore)
• Motilal Oswal Small Cap Fund: 6.03 lakh shares (₹14.00 crore)
• Bandhan Small Cap Fund: 11.20 lakh shares (₹26.00 crore)
• Tata AIA Life Insurance: 5.60 lakh shares (₹13.00 crore)
• Optimix Wholesale Global Emerging Markets Share Trust: 8.62 lakh Shares (₹20.00 crore)
• SBI General Insurance: 4.31 lakh shares (₹10.00 crore).

IPO Schedule

The ₹504-crore initial public offering of Jain Resource Recycling Limited will remain open from September 24 to September 26, 2025. Investors will also need to complete their UPI mandate confirmations by September 26 at 5 PM. The allotment will be done on September 29, and the refund and deposit of the shares in demat accounts will also be completed on September 30. Listing of the company’s equity shares will take place on the stock exchanges on October 1, 2025.

Lead Managers & Registrar

The issue is being managed by a consortium of book-running lead managers, comprising DAM Capital Advisors Ltd, ICICI Securities Ltd, Motilal Oswal Investment Advisors Ltd, and PL Capital Markets Pvt Ltd. KFin Technologies Ltd has been appointed as the registrar to the issue.

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