Company Overview - Jain Resource Recycling is engaged in recycling and manufacturing non-ferrous metals such as lead, copper, and aluminium [7] - The company operates three recycling facilities near Chennai and has a gold refining unit in the UAE through a subsidiary [7] - Its customer base includes large domestic and global names such as Vedanta, Luminous Power, Mitsubishi Corporation, and Nissan Trading [7] - Jain Resource Recycling has built a footprint beyond India with exports to markets like Singapore, China, Japan, and South Korea within three years of operations [7] IPO Details - The Initial Public Offering (IPO) was launched on September 24, 2025, with a total size of 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 listed on October 1, 2025, at a 14% premium, priced at Rs 265 over the IPO price [2] - The IPO received a strong response, being subscribed 16.8 times overall, with institutional buyers subscribing nearly 27 times their reserved portion, non-institutional investors at 5.6 times, and retail investors at 3.8 times [3] Share Performance - The stock reached a high of Rs 461 on the NSE, rallying 98% over the issue price within a month and a half, although it has since corrected 12% from its high, still trading 77% above the issue price of Rs 232 per share [1][6] - Following the expiry of the three-month IPO anchor lock-in, an additional 12 million shares became eligible for trading, accounting for about 4% of the company's total outstanding equity [1][6] Investor Insights - Ashish Kacholia holds a stake of 1.14%, representing 39,16,875 equity shares, valued at Rs 160.4 crore according to Trendlyne data [6][7] - The company raised Rs 562.5 crore from anchor investors ahead of the IPO, which contributed to investor confidence [3]

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 ...

The Rs 1,250 crore IPO, which ran between September 24 and September 26, was a mix of fresh issue of Rs 500 crore and an offer for sale worth Rs 750 crore.The response from investors was strong, with the issue subscribed 16.8 times overall. Institutional buyers drove the bulk of demand, subscribing nearly 27 times their reserved portion. Non-institutional investors subscribed 5.6 times, while retail investors came in at 3.8 times. Ahead of the issue, the company had also raised Rs 562.5 crore from anchor i ...