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Jain Resource Recycling Limited’s initial public offering (IPO) is drawing moderate investor interest as it moves through its second day of bidding. The issue is priced in a band of ₹220-₹232 per share, with a total offer size of ₹1,250 crore.”
Overview
The IPO shows broader participation on Day 2, signaling growing market acceptance for a large metal recycling sector listing. As of 4:58 PM on September 25, 2025, the overall subscription stood at 1.31x, up from 0.77x on Day 1, indicating stronger demand against the larger issue size.
Day 2 subscriptions by investor category
– Anchor Investors: 1.00x (fully subscribed)
– QIB (Ex Anchor): 1.70x
– Non-Institutional Buyers: 0.52x
– Individual Investors: 1.34x
– Total subscriptions: 1.31x
Key metrics (as of Day 2)
Total shares offered: 2,96,33,622
Total shares bid for: 3,88,96,064
Total amount bid: ₹902.39 crores, about 72% of the ₹1,250 crore issue size
Total applications: 97,922
The day’s gains reflect improved retail sentiment and steady institutional interest, with broad-based participation suggesting a cautious but positive reception for this recycling sector IPO.
What Jain Resource Recycling offers
Incorporated in 2022, Jain Resource Recycling Limited is engaged in recycling and manufacturing of non-ferrous metal products, including lead, copper, and aluminium ingots. The company operates three recycling facilities at SIPCOT Industrial Estate, Gummidipoondi, Chennai, and serves global markets including Singapore, China, Japan, and South Korea.
What this means for investors
The second-day performance suggests growing confidence among both institutions and retail buyers. With anchor investors fully participating and both QIB and retail demand improving, the stock appears to be attracting a broad investor base. Prospective bidders should monitor subsequent subscription trends and the final price band upon closure.
About the issuer
Jain Resource Recycling Limited is a metal recycling and processing company focused on non-ferrous metals. The IPO remains a key milestone for the firm as it expands its manufacturing and global reach within the recycling sector.
