The IPO was open for subscription from September 24 to September 26.
The retail segment of the IPO was booked 3.62 times, while the Non-Institutional Investors’ portion was subscribed 5.30 times. The Qualified Institutional Buyers’ (QIBs) category was subscribed to 25.29 times.The Jain Resource Recycling IPO was a book-build issue of ₹1,250 crore. It comprised a fresh issue of 2.16 crore shares worth ₹500 crore and an offer-for-sale (OFS) component of 3.23 crore shares, amounting to ₹750 crore.
The company will use proceeds from the IPO to prepay or schedule repayment of certain outstanding borrowings and for general corporate purposes.
Investors who bid for the IPO shares can verify their allotment status online through BSE, NSE, or the official website of the issue registrar, KFin Technologies.
Steps to check Jain Resource Recycling IPO share allotment on BSE:
Access the IPO allotment page on the BSE site:
https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
Choose ‘Equity’ as the issue type
Pick Jain Resource Recycling Ltd. from the dropdown menu under issue names
Enter your application number or PAN to proceed
Click on search to view your share allotment details.
Steps to check Jain Resource Recycling IPO share allotment on NSE:Visit the NSE website by using this direct link:
https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp.
Choose the company ‘Jain Resource Recycling’ after clicking on Equity & SME IPO bid details
To check your allotment status, enter your IPO Application number or PAN details after selecting the company’s symbol
Click on the Submit button to see your share allotment details
Steps to check Jain Resource Recycling IPO allotment on KFin Technologies:
Go to the link: https://ipostatus.kfintech.com/
Choose ‘Jain Resource Recycling’ from the dropdown menu
Select PAN, Application Number, or Demat
Enter details as per your selection
Click on ‘Submit’ for allotment status.
The company will transfer shares to the accounts of successful bidders on September 30. Refunds for non-allottees will be done on the same day.
Shares of the company are tentatively scheduled to be listed on the BSE and NSE on October 1.
The company is involved in recycling and manufacturing non-ferrous metal products.
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