Jain Resource Recycling IPO 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. (Photo: Company website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The initial public offering (IPO) of Jain Resource Recycling Ltd., which opened for subscription on Wednesday, September 24, will conclude its subscription process today, on September 26.

The mainboard issue was fully subscribed on Day 2, with investors bidding for 3,89,03,872 shares against the 3,12,49,999 shares on offer, resulting in an overall subscription of 1.24 times on Thursday.

Amid the decent buzz, the unlisted shares of Jain Resource Recycling Ltd. have been trading at a premium in the grey market (GMP), suggesting muted listing gains for

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