Jain Resource Recycling Ltd’s ₹1,250 crore initial public offering (IPO) has witnessed robust investor interest, with the issue subscribed nearly 4 times by the final day of bidding on September 26, 2025. The strong response across retail, institutional, and non-institutional categories underscores market confidence in the company’s growth potential and its positioning in the metal recycling sector.
The IPO, which opened on September 24, comprises a fresh issue of ₹500 crore and an offer for sale (OFS) of ₹750 crore. The price band was set at ₹220–₹232 per share, with a minimum lot size of 64 shares. Ahead of the public offering, Jain Resource Recycling raised ₹562.5 crore from 40 anchor investors, including domestic mutual funds and global institutions.
According to the latest data, the IPO was subscribed 4.02 times overall, with the Qualified Institutional Buyers (QIBs) category leading the charge. Retail investors also showed strong enthusiasm, while non-institutional investors (NIIs) recorded moderate participation.
Jain Resource Recycling IPO – Final Subscription Status
| Investor Category | Shares Offered | Subscription (x) | Bids Received (approx.) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 2.21 crore | 6.10x | 13.48 crore |
| Non-Institutional Investors (NIIs) | 85.22 lakh | 2.75x | 2.34 crore |
| Retail Individual Investors (RIIs) | 56.81 lakh | 3.60x | 2.04 crore |
| Total | 5.63 crore | 4.02x | 17.86 crore |
The IPO’s grey market premium (GMP) has remained steady at ₹17–₹18, indicating a potential listing price of around ₹249–₹250 per share. This translates to a listing gain of approximately 7.33% over the upper price band, suggesting strong short-term sentiment among investors.
Jain Resource Recycling IPO – GMP and Listing Expectations
| Parameter | Value / Estimate |
|---|---|
| Issue Price Band | ₹220–₹232 |
| Grey Market Premium (GMP) | ₹17–₹18 |
| Expected Listing Price | ₹249–₹250 |
| Estimated Listing Gain (%) | 7.33% |
| Listing Date | October 1, 2025 |
| Exchanges | NSE, BSE |
Jain Resource Recycling is a leading player in the non-ferrous metal recycling space, focusing on sustainable production of aluminium, copper, and zinc products. The company operates multiple facilities across India and exports to over 20 countries. Its business model is aligned with circular economy principles, and it has reported consistent growth in revenue and margins over the past three years.
The proceeds from the fresh issue will be used for prepayment or scheduled repayment of certain borrowings and general corporate purposes. The company aims to reduce its debt-to-equity ratio and invest in capacity expansion and technology upgrades.
Jain Resource Recycling – Financial Snapshot (FY23–FY25)
| Financial Metric | FY23 | FY24 (Est.) | FY25 (Projected) |
|---|---|---|---|
| Revenue from Operations | ₹1,020 crore | ₹1,180 crore | ₹1,350 crore |
| EBITDA | ₹210 crore | ₹245 crore | ₹280 crore |
| Net Profit | ₹88 crore | ₹102 crore | ₹120 crore |
| Export Contribution (%) | 42% | 45% | 48% |
| Debt-to-Equity Ratio | 1.4x | 1.1x | 0.8x |
Market analysts have noted that Jain Resource Recycling’s IPO is well-timed, given the rising global focus on sustainable manufacturing and resource efficiency. The company’s strong anchor book, healthy GMP, and diversified customer base make it a compelling play in the mid-cap industrial segment.
Social media platforms and investor forums have been buzzing with discussions around the IPO, with hashtags like #JainResourceIPO, #MetalRecyclingIndia, and #IPOWatch2025 trending across financial communities.
Public Sentiment – Social Media Buzz on Jain Resource Recycling IPO
| Platform | Engagement Level | Sentiment (%) | Top Hashtags |
|---|---|---|---|
| Twitter/X | 1.6M mentions | 82% bullish | #JainResourceIPO #IPOWatch2025 |
| 1.4M interactions | 78% supportive | #MetalRecyclingIndia #SustainableGrowth | |
| 1.2M views | 85% curious | #GreenMetals #IPOIndia | |
| YouTube | 1.1M views | 80% analytical | #IPOExplained #JainResourceReview |
The allotment process is expected to conclude by September 29, with refunds and credit of shares to demat accounts scheduled for September 30. Investors can expect the stock to debut on October 1 on both the NSE and BSE.
As Jain Resource Recycling prepares for its market debut, the strong subscription numbers and consistent GMP suggest a promising start. Whether it sustains momentum post-listing will depend on execution, earnings visibility, and broader market conditions.
Disclaimer: This article is based on publicly available IPO data, verified media reports, and market insights. It does not constitute investment advice or stock recommendation. All quotes are attributed to public figures and institutions as per coverage. The content is intended for editorial and informational purposes only.
