Jain Resource Recycling Share Price Lists at ₹265 | Stock Market Today

Market Performance

The stock market today opened with a strong buzz around the debut of Jain Resource Recycling shares. On October 1, the company entered the exchanges with solid momentum, giving investors a listing premium over its IPO price.

• NSE Listing Price: ₹265.05 per share
  
  
• BSE Listing Price: ₹265.25 per share
  
  
• IPO Price Band: ₹220–₹232 per share
  
  

This translates into a 14% premium for investors who got allotment during the IPO.

Main News – A Strong Debut

Jain Resource Recycling’s listing stood out as one of the notable performances in recent times. The shares not only opened above the issue price but also reflected the strong investor demand seen during the IPO process.

The positive debut highlights the level of confidence that market participants showed during subscription. With both BSE and NSE showing a near-identical premium, the company’s entry into the secondary market was well-received.

Company & IPO Details

The IPO of Jain Resource Recycling Limited was among the more closely tracked issues of the season. Here’s a breakdown of the details:

• IPO Opening Date: September 24
  
  
• IPO Closing Date: September 26
  
  
• Final Allotment Date: September 29
  
  
• IPO Size: ₹1,250 crore
  
  
• Fresh Issue: 2.16 crore equity shares worth ₹500 crore
  
  
• Offer for Sale (OFS): 3.23 crore shares worth ₹750 crore
  
  
• Price Range: ₹220–₹232 per share
  
  
• Minimum Bid Lot: 64 shares
  
  
• Retail Investment Requirement (Upper Band): ₹14,848
  
  

Subscription Status

The IPO witnessed a robust response across categories, with demand far exceeding supply.

• Overall Subscription: 16.76 times
  
  
• Qualified Institutional Buyers (QIBs): 26.67 times
  
  
• Non-Institutional Investors (NII): 5.59 times
  
  
• Retail Investors: 3.81 times
  
  

This heavy oversubscription underlines the strong appetite investors had for the offering.

About the Company

Jain Resource Recycling Limited, established in 2022, operates in the recycling and manufacturing of non-ferrous metals. The company’s product line includes:

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

Its recycled products cater to diverse industries such as lead-acid batteries, electricals, pigments, automotive, and electronics. With both domestic and international clientele, Jain Resource Recycling has positioned itself as a key player in the resource recovery space.

Summary

To sum up, Jain Resource Recycling share price made a strong debut in the stock market today, listing at around ₹265 per share on both NSE and BSE, a healthy 14% premium over its IPO price.

The IPO raised ₹1,250 crore, comprising a fresh issue and an offer for sale, and saw an overall subscription of 16.76 times, with institutional buyers leading the demand.

Backed by its recycling-driven business model and a well-diversified product line, the company’s listing adds momentum to the growing interest in sustainable industries in the Indian market.