Jain Resource Recycling Lists at ₹265, Surges 14% Over IPO Price

Mumbai, October 1, 2025 – Jain Resource Recycling Limited shares opened strongly today on the stock exchanges, listing at ₹265 per share, which is a 14.2% surge compared to the IPO issue price of ₹232. The stock rose to a high of ₹286 before it eased slightly to trade at around ₹280.21, up 5.71% at 12:39 PM IST, indicating high investor interest in the company’s sustainable business model.

Jain Resource Recycling IPO Strong Listing Gives Market Cap Lift

At the prevailing levels, Jain Resource Recycling had a market capitalization of around ₹9,492.62 crore. Early trading witnessed more than 2.35 crore shares being traded, reflecting strong market interest. The healthy debut is an indication of strong demand across investor groups, particularly from Qualified Institutional Buyers (QIBs), which were the pillar of the IPO subscription.

Jain Resource Recycling IPO Anchor Investor Participation

Before the public offering, the firm raised ₹562.50 crore from anchor investors by offering 2,42,45,689 shares at ₹232 per share. Key anchor participants were HDFC Mutual Fund, Axis Mutual Fund, Goldman Sachs, Abu Dhabi Investment Authority, Motilal Oswal AMC, Bandhan Mutual Fund, Tata AIA Life Insurance, SBI General Insurance, and Optimix Trust. This early support from marquee investors bolstered the pre-listing market confidence.

Jain Resource Recycling IPO Oversubscribed IPO Reflects Strong Demand

The ₹1,250 crore issue was subscribed 15.90 times at close, reflecting strong investor demand. QIBs were led by subscription, with 25.29 times demand, followed by Non-Institutional Investors and Retail Investors, who contributed 5.30 times and 3.62 times, respectively. The strongly received subscription across categories reflected strong faith in Jain Resource Recycling’s growth potential and sustainable business operations.

Jain Resource Recycling IPO Lead Managers and Registrar

Jain Resource Recycling IPO was led by a group of book-running lead managers, comprising DAM Capital Advisors Limited, ICICI Securities Limited, Motilal Oswal Investment Advisors Limited, and PL Capital Markets Private Limited. KFin Technologies Limited served as the registrar, handling investor services and the allotment process.

About Jain Resource Recycling

Jain Resource Recycling is one of India’s largest players in the recycling and recovery of resources, with a focus on non-ferrous metals, plastics, and industrial scrap. The company has a network of sourcing in 70 countries and exports recycled lead, copper, and other products to more than 50 global markets. Its operations are designed with sustainability and circular economy concepts in mind, making it an international supplier of high-quality recycled products.

The successful listing is a significant achievement for the company, strengthening its capital position and profile, and facilitating its long-term growth and international business model.

REF: https://www.nseindia.com/get-quotes/equity?symbol=JAINREC

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