Half-century for Ashish Kacholia: Jain Resource Recycling is 50th stock, stake now worth Rs 128 crore

Following the company’s listing, Ashish Kacholia’s stake stands at 1.14%, representing 39,16,875 equity shares, according to Shares of Jain Resource Recycling were listed at a 14% premium at Rs 265 over the IPO price of Rs 232. The stock is already up 41% over the issue price at Rs 326.90 and settled with a 5% uptick today.The Rs 1,250 crore IPO, which ran between September 24 and September 26, was a mix of a fresh issue of Rs 500 crore and an offer for sale worth Rs 750 crore. The response from investors ...