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]