Jain Resource Recycling IPO Day 2: Subscribed 1.2x, Retail Quota Fully Booked

The Jain Resource Recycling IPO is making steady progress in the market. On the second day of bidding, the issue received healthy investor participation, crossing the full subscription mark with bids flowing in across categories.

Market Performance: IPO Subscriptions Gain Momentum

The three-day public issue has so far attracted strong attention from investors. On Day 2 (Thursday), the IPO was subscribed 1.24 times, receiving bids for 3.88 crore shares against the 3.12 crore shares on offer, as per NSE data.

Here’s a quick category-wise breakdown:

• Qualified Institutional Buyers (QIBs): 1.61x subscribed
  
  
• Retail Individual Investors (RIIs): 1.26x subscribed
  
  
• Non-Institutional Investors (NIIs): 49% subscribed
  
  

The company has also raised over ₹562 crore from anchor investors, giving the issue a strong start.

Main News: IPO Details and Price Band

The Jain Resource Recycling IPO opened with a price band of ₹220–₹232 per share. The bidding window will close on September 26, 2025.

• Offer size: 3.12 crore shares
  
  
• Issue type: Fresh issue
  
  
• Utilization of proceeds: Debt repayment and general corporate purposes
  
  

For investors tracking stock market today updates, this IPO is one of the key events in the primary market space this week.

Company Details: Focus on Non-Ferrous Metal Recycling

Jain Resource Recycling is a Tamil Nadu-based recycling company specializing in non-ferrous metals. The firm converts metal scrap into usable products, creating value in an industry that is both industrially essential and environmentally relevant.

Its product portfolio includes:

• Lead and lead alloy ingots
  
  
• Copper and copper ingots
  
  
• Aluminium and aluminium alloys
  
  

By focusing on recycling and sustainable production, the company has carved a niche in the metal recycling industry, where demand for non-ferrous products continues to remain consistent across multiple sectors.

Key Dates Investors Should Know

• IPO Open: September 24, 2025
  
  
• IPO Close: September 26, 2025
  
  
• Allotment Date: September 29, 2025 (tentative)
  
  
• Listing Date: October 1, 2025 (tentative)
  
  

Summary: Steady Demand in Jain Resource Recycling IPO

The Jain Resource Recycling IPO has drawn encouraging participation from both institutional and retail investors. With Day 2 subscriptions crossing 1.2x, the IPO has already entered oversubscription territory, showing strong market interest.

Its positioning in the non-ferrous recycling space, combined with a well-defined use of proceeds for debt repayment and corporate purposes, makes this offering one of the closely tracked issues in the stock market today.