Company Overview - Jain Resource Recycling is engaged in recycling and manufacturing non-ferrous metals such as lead, copper, and aluminium [5] - The company operates three recycling facilities near Chennai and has a gold refining unit in the UAE through a subsidiary [5] - Jain Resource Recycling has built a customer base that includes large domestic and global names such as Vedanta, Luminous Power, Mitsubishi Corporation, and Nissan Trading [5] IPO Details - The IPO raised Rs 1,250 crore, consisting of a fresh issue of Rs 500 crore and an offer for sale worth Rs 750 crore [2] - The IPO was open for subscription from September 24 to September 26 and was subscribed 16.8 times overall, with institutional buyers subscribing nearly 27 times their reserved portion [2][6] - The shares were listed at a 14% premium at Rs 265 over the IPO price of Rs 232 and have increased by 41% to Rs 326.90 since the issue [1][2] Shareholding Information - Ashish Kacholia holds a 1.14% stake in Jain Resource Recycling, representing 39,16,875 equity shares, making him one of the top 10 shareholders [1][5] - The current value of Kacholia's holding in the company is approximately Rs 128 crore [5] - Kacholia is known as the 'Big Whale' and has a net worth of over Rs 2,894 crore, holding 50 stocks in total [5]
Half-century for Ashish Kacholia: Jain Resource Recycling is 50th stock, stake now worth Rs 128 crore
The Economic Times·2025-10-07 14:27