Jain Resource Recycling Ltd. has announced public offering of 53879311 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 222.00 per share. The gross proceeds of the issue are expected to be Rs 1,20,689.66 lakhs.
The company's initial public offer (IPO) will open on 24 September 2025 and is expected to close on 26 September 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 220.00-232.00 per share.
The IPO includes a fresh Issue of 53879311 Equity Shares of the Company at an price of Rs 224.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 64 shares with bids in multiples of 64.
Jain Resource Recycling Ltd. anticipates using the proceeds of the issue for .
ICICI SECURITIES LTD,Motilal Oswal Investment Advisors Limited,PL Capital Markets Pvt. Ltd.,DAM Capital Advisors Ltd. as lead manager(s) & is the registrar, to the issue.