The spotlight in the stock market today is firmly on Jain Resource Recycling IPO, as investors wait for the allotment status to be finalised. After a strong response during the three-day bidding window, the public issue has now entered its final leg.
Market Performance & Subscription Details
Jain Resource Recycling drew notable interest when its issue was subscribed 15.90 times between September 24 and September 26. With such high demand, applicants are now looking to confirm whether they’ve secured a spot in the allotment list.
Jain Resource Recycling IPO Allotment — How to Check
Applicants can verify their status through multiple official platforms. The process is straightforward and can be done using PAN, application number, or demat details.
- Kfin Technologies (Registrar Portal):
Visit the official allotment page → Select Jain Resource Recycling IPO → Enter PAN or application details → Submit. - NSE Website:
Go to the IPO bid status page → Choose Jain Resource Recycling under Equity/SME → Enter required credentials → View allotment. - BSE Website:
Head to Status of Issue Application section → Select Equity → Enter issue name and PAN → Check allotment.
Company Overview
Jain Resource Recycling operates in the non-ferrous metal recycling space, focusing on transforming metal scrap into finished products. Its portfolio includes:
- Lead and lead alloy ingots
- Copper and copper ingots
- Aluminium and aluminium alloys
The IPO structure was divided into:
- ₹500 crore fresh issue
- ₹750 crore offer-for-sale (OFS) by existing promoters
The price band was fixed between ₹220 and ₹232 per share, and the listing is scheduled for October 1.
Summary
With industrial recycling at its core and a heavily subscribed IPO behind it, Jain Resource Recycling has captured market attention. The allotment outcome will determine how the next phase unfolds when the stock hits the exchanges.
Easy & quick
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