Jain Resource Recycling sees strong listing gains over IPO price. (Photo: Company website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Shares of Jain Resource Recycling Ltd. made a strong debut on the stock exchanges on Wednesday, listing at a premium to their issue price. The stock settled at Rs 265.2 on the BSE and Rs 265 on the NSE, compared with the IPO price of Rs 232 per share.

The company’s Rs 1,250-crore initial public offering had attracted significant investor interest, being oversubscribed 15.90 times on the final day of bidding on Sept. 26.

According to BSE data, the IPO received bids for 49.67 crore shares against 3.12 crore shares on offer.

Among categories, the Qualified Institutional Buyers’ portion was subscribed 25.29 times, the Non-Institutional I

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