Chennai: Jain Resource Recycling Limited has announced the launch of its Initial Public Offering (Jain Resource Recycling IPO), with the bidding process set to open on Wednesday, September 24, 2025 and close on Friday, September 26, 2025.
The Jain Resource Recycling IPO will be available in a price band of ₹220 to ₹232 per equity share, each having a face value of ₹2. The Anchor Investor bidding date has been fixed for Tuesday, September 23, 2025.
Jain Resource Recycling IPO: Offer Details
- The Jain Resource Recycling IPO amounts to a total of ₹1,250 crore (₹12,500 million). This includes a fresh issue of ₹500 crore (₹5,000 million) and an Offer for Sale (OFS) of ₹750 crore (₹7,500 million).
- The OFS will see ₹715 crore (₹7,150 million) worth of shares sold by promoter Kamlesh Jain, and ₹35 crore (₹350 million) worth of shares by shareholder Mayank Pareek.
- Investors can bid for a minimum of 64 equity shares, and in multiples of 64 thereafter.
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Jain Resource Recycling IPO: Utilization of Proceeds
The net proceeds from the fresh issue are proposed to be used for:
- Pre-payment or repayment of certain outstanding borrowings amounting to about ₹375 crore (₹3,750 million).
- General corporate purposes with the balance funds.
Jain Resource Recycling IPO: Listing and Management
The equity shares offered through the Red Herring Prospectus, dated September 18, 2025, are proposed to be listed on both NSE and BSE.
The Book Running Lead Managers (BRLMs) for the Jain Resource Recycling IPO are DAM Capital Advisors Limited, ICICI Securities Limited, Motilal Oswal Investment Advisors Limited, and PL Capital Markets Private Limited.
For detailed information, investors can refer to the Red Herring Prospectus
.
