The offering is aims to sell shares worth up to Rs 1,250 crore (Photo Source: Jain Metal Group) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Jain Resource Recycling Ltd.'s initial public offering has been subscribed 0.06% so far on day one. The offering is aims to sell shares worth up to Rs 1,250 crore. The company will raise Rs 500 crore via a fresh issue of 2.16 crore shares. The IPO also includes an offer-for-sale component worth Rs 750 crore and 3.23 crore shares.

Investors can bid for the company's IPO at a price band of Rs 220-232 per share. The minimum lot size for retail investors is 64 shares, which means the minimum amount of investment required by a retail investor is Rs 14,848.

Small institutional investors will need to buy a minimum of 14 lots amounting t

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