Jain Resource Recycling IPO Surges 1.3X on Final Day — Listing Set for October 1 with 7% Gains

Jain Resource Recycling IPO Surges 1.3X on Final Day — Listing Set for October 1 with 7% Gains

Jain Resource Recycling Solutions is offering shares to the public through an IPO worth ₹1,250 crore. Today is the last day to apply for these shares. So far, demand has been strong, with more people applying for shares than available.

What Does the IPO Include?

The IPO consists of new shares worth ₹500 crore and existing shares being sold worth ₹750 crore. The price range for each share is set between ₹220 and ₹232. Leading firms like DAM Capital, ICICI Securities, and Motilal Oswal are managing the IPO. Shares will be listed on NSE and BSE stock exchanges on October 1.

How Interested Are Investors?

Qualified Institutional Buyers have applied for 1.64 times the shares allocated to them. Ret