The initial public offer of Jain Resource Recycling Ltd received 73 per cent subscription on the first day of bidding on Wednesday.

The three-day IPO got bids for 2,27,44,384 shares against 3,12,49,999 shares on offer, as per NSE data.

Category-wise subscription

The quota for qualified institutional buyers (QIBs) garnered 1.11 times the subscription. The category for retail individual investors (RIIs) received 51 per cent bidding, and the portion for non-institutional investors got subscribed 12 per cent.

Jain Resource Recycling Ltd has mobilised a little over Rs 562 crore from anchor investors.

Jain Resource Recycling IPO size

The IPO, with a price band of Rs 220-232 per share, will conclude on September 26. At the upper end, the company is valued at over Rs 8,000 crore.

Th

See Full Page