Jain Resource Recycling Lists at 14% Premium After Strong Investor Demand

Jain Resource Recycling Ltd. (JRRL) made a strong debut on the stock exchanges today, with its shares listing at Rs 265.05 on the NSE and Rs 265.25 on the BSE, a premium of about 14 per cent over the issue price of Rs 232 per share. The company’s Rs 1,250-crore IPO had a price band of Rs 220–232 and received an overwhelming response from investors, with overall subscription at 16.76 times.

The three-day issue, open between September 24 and September 26, 2025, received bids for 83.94 crore shares against 5 crore shares on offer. Qualified institutional buyers (QIBs) drove the rally with 26.67 times subscription, followed by non-institutional investors (NIIs) at 5.59 times and retail investors at 3.81 times. Post-listing, JRRL commanded a market capitalisation of Rs 9,153.40 crore.

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Jain Resource Recycling is India’s largest non-ferrous metal recycler, operating across lead, copper and aluminium, with sourcing from over 120 countries and trade links spanning 50+ countries. With roots dating back to the 1950s, the company transitioned into a public limited entity in February 2025 and holds an MCX-approved refined lead brand.

According to CRISIL, India’s recycling industry is poised for sustained growth, backed by government policies such as the Steel Scrap Recycling Policy, vehicle scrappage programme and extended producer responsibility (EPR). Rising demand from auto, electronics, Construction and renewables further enhances industry prospects. Globally, recycling offers significant energy savings, making JRRL well-positioned for long-term growth.

Net proceeds from the fresh issue will be utilised for repayment of borrowings (Rs 375 crore) and general corporate purposes (Rs 125 crore)

Disclaimer: The article is for informational purposes only and not investment advice.