The shares of Jain Resource Recycling Ltd were first listed on the stock exchanges on 01 Oct 2025.
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Issue Size
Min Investment
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Lot size
Price Band / Share
Issue Size
Min Investment
Times Subscribed
Lot size
Initial public offering of to 53,879,309 equity shares of face value of Rs. 2/- each (Equity Shares) of Jain Resource Recycling Limited (the Company or the Company or the Issuer) for cash at a price of Rs. 232 per equity share (Including a Premium of Rs. 230 Per Equity Share) (the Offer Price) aggregating up to Rs. 1250.00 crores (the Offer) comprising a fresh issue of up to 21,551,724 equity shares by the company aggregating up to Rs. 500.00 crores (the Fresh Issue) and an offer for sale of up to 32,327,586 equity shares aggregating up to Rs. 750.00crores comprising an offer for sale of up to Rs. 715.00 crores by Kamlesh Jain and up to Rs. 35.00 crores by Mayank Pareek (Collectively Referred to as the Selling Shareholders, and each individually, as a Selling Shareholder and such offer for sale of equity shares by the selling shareholders, the Offer for Sale).Price Band: Rs. 220/- to Rs. 232/- for equity share of face value of Rs. 10 each.The floor price is 22.00 times times the face value and cap price is 23.20 times of the face value of the equity shares.Bids can made for a minimum of 64 equity shares and in multiples of 64 equity shares thereafter.
The shares of Jain Resource Recycling Ltd were first listed on the stock exchanges on 01 Oct 2025.
The total issue size of the Jain Resource Recycling Ltd IPO is 1250.00
The minimum lot size for Jain Resource Recycling Ltd public issue was 64.00 shares.
The price band of the IPO of Jain Resource Recycling Ltd was 232.00 to 0.00 per equity shares.
Prior to our conversion as a private limited company under the applicable provisions of the Companies Act, 2013, our business was carried out in the name of `Jain Metal Rolling Mills', the erstwhile partnership firm, originally formed pursuant to a deed of partnership dated April 1, 1953 which was reconstituted several times. The first reconstitution was on April 1, 1993 followed by a subsequent reconstitution on April 1, 1999 with Shantilal Jain, Kantilal, Kamlesh Jain and Posibai as partners in the firm. Thereafter, with the exit of Kantilal and admission of Shreyansh Jain into the partnership it was further reconstituted on April 1, 2013 followed by amendment of the partnership arrangement on November 1, 2013 and on April 1, 2014 on exit of Posibai from the partnership. On April 1, 2017, the partnership was reconstituted with Shantilal Jain, Kamlesh Jain and Shreyansh Jain as partners. Subsequently, pursuant to the deed of reconstitution dated January 22, 2021, the partnership firm was further reconstituted with Kamlesh Jain and Sanchit Jain as partners having a profit sharing ratio of 99:1. Pursuant to an application for registration dated February 14, 2022 under Chapter XXI Part I of the Companies Act, 2013, the erstwhile partnership firm applied for its conversion into a private limited company with transfer of capital contribution of Kamlesh Jain and Sanchit Jain, being Rs.396 million and Rs.4 million respectively, for consideration other than cash, being the share capital of the private limited company and consequent conversion of partnership accounts of the firm into financials of the private limited company. Subsequent to such conversion, a certificate of incorporation dated February 25, 2022 was issued by the Registrar of Companies, Central Registration Centre in the name of `Jain Resource Recycling Private Limited' to our Company. Thereafter, our Company was converted into a public limited company, as approved by our Shareholders pursuant to a resolution dated February 5, 2025, and a fresh certificate of incorporation dated February 25, 2025, was issued by the Registrar of Companies, Central Processing Centre, recording the change in the name of our Company to `Jain Resource Recycling Limited'.
KFin Techologies Ltd is the registrar and share transfer agent of Jain Resource Recycling Ltd IPO.