Jain Resource Recycling Listing: Recycling sector company Jain Resource Recycling had a good start in the stock market on 1 October. The stock was listed at Rs 265.25 with 14.33 percent gain on BSE and Rs 265.05 with Rs 14.24 percent premium on NSE. The IPO price was Rs 232 per share. The company is in recycling and manufacturing of non -ferrous metal products. Its portfolio includes lead and lead alloys, copper and copper alloys, aluminum and aluminum alloys.
The company’s IPO of Rs 1250 crore was filled 16.76 times. Reserve share for qualified institutional buyers, 26.67 times, reserve share for non -institutional investors 5.59 times, reserve share for retail investors was 3.81 times subscribed. 2.16 crore new shares worth Rs 500 crore were issued in the IPO. Also, the offer of 3.23 crore shares worth Rs 750 crore was being for sale.
Financial health of the company
In the financial year 2025, the Jain Resource Recycling increased by 60 percent to Rs 7,162.15 crore. It was Rs 4,484.84 crore a year ago. The net profit was recorded at Rs 223.29 crore with an increase of 36 percent, which was Rs 163.83 crore in FY 2024. The company had a borrowing of Rs 919.92 crore in FY 2025. The company will use the money received by releasing new shares in the IPO to repay its debt to some extent.
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