IPO Corner: Jain Resource Recycling Limited

Jain Resource Recycling Limited shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Wednesday, September 24, 2025.

• Issue Opens: September 24, 2025
• Issue Closes: September 26, 2025
• Face Value: Rs 2 each
• Price Band: Rs 220 – 232 per share
• Lot Size: 64 Shares

The total offer size of equity shares with face value ₹ 2 each aggregating up to ₹ 1,250 Crore comprises of fresh issue of equity shares aggregating up to ₹ 500 Crore and Offer for sale of equity share aggregating up to ₹ 750 Crore. The Offer for Sale comprises of up to ₹ 715 Crore by Kamlesh Jain and up to ₹35 Crore by Mayank Pareek. The price band for the Offer is at ₹ 220 to ₹ 232 per Equity Share.

The Anchor Investor Bidding Date shall be Tuesday, September 23, 2025. The Bid/Offer will close on Friday, September 26, 2025. Bids can be made for a minimum of 64 equity shares of face value of ₹2 each and in multiples of 64 equity shares thereafter.

The Company proposes to utilize the net proceeds from the fresh issue towards: (i) Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company estimated to be ₹375 Crore, and balance towards (ii) General corporate purposes. The Equity Shares are to be listed on the National Stock Exchange of India Limited and BSE Limited.