Jain Resource Recycling Ltd Rs.1250 Cr IPO Opens On 24 September Price band Set At Rs. 220 – 232 Per Share
Jain Resource Recycling Ltd Rs.1250 Cr IPO Opens On 24 September
(L-R) Mr Gaurav Singhvi, Co-Head ECM Institutional Syndication, ICICI Securities Limited; Mr. Kamlesh Jain, Chairman and Managing Director, Mr. Mayank Pareek Joint Managing Director; Mr. Hemant Shantilal Jain Executive Director and Chief Financial Officer; Mr. Sanchit Jain, Head of Operations; Mr. Gaurav Saravgi – Executive Director – Investment Banking, Motilal Oswal Investment Advisors Limited.
MUMBAI, 21 SEPTEMBER,2025 (GPN): Jain Resource Recycling Limited (“JRRL” or “Company”), shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Wednesday, September 24, 2025.
The total offer size of equity shares with face value Rs. 2 each aggregating up to Rs. 1,250 Crore (Rs. 12,500 million) (“Total Offer Size”) comprises of fresh issue of equity shares aggregating up to Rs. 500 Crore (Rs. 5,000 million) and Offer for sale of equity share aggregating up to Rs. 750 Crore (Rs. 7,500 million). The Offer for Sale comprises of up to Rs. 715 Crore (Rs. 7,150 million) by Kamlesh Jain (the “Promoter Selling Shareholder”); and up to Rs. 35 Crore (Rs. 350 million) by Mayank Pareek (the “Other Selling Shareholder”).
The price band for the Offer is at Rs. 220 to Rs. 232 per Equity Share. (“Price Band”).
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 Rs. 2 each and in multiples of 64 equity shares thereafter. (“Bid Details”)
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 Rs. 375 Crore (Rs. 3,750 million), and balance towards (ii) General corporate purposes. (“Objects of the Offer”)
The Equity Shares are being offered through the Red Herring Prospectus of the Company dated September 18, 2025 filed with the Registrar of Companies, Tamil Nadu & Andaman at Chennai. (“ROC”)
The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”).
DAM Capital Advisors Limited, ICICI Securities Limited, Motilal Oswal Investment Advisors Limited & PL Capital Markets Private Limited are the book running lead managers to the Offer (the “BRLMs”).
