Jain Resource Recycling Ltd Logo

Jain Resource Recycling Ltd IPO

BSELot: 64

LISTEDMAINBOARD
Issue Price232
Listing265.05
Current403
Price Band
220 - ₹232
Lot Size
64
Issue Size
₹1250 Cr
GMP
0
Subscription
0.77x

IPO Schedule

1
Open
24 Sept
2
Close
26 Sept
3
Allotment
29 Sept
4
Listing
1 Oct

About Jain Resource Recycling Ltd

Jain Resource Recycling Ltd is a leading player in the resource recycling industry, focusing on the recovery and recycling of various materials, contributing to environmental sustainability and resource conservation. The company's operations involve the collection, processing, and resale of recycled materials, catering to diverse industrial applications.

Subscription Status

QIB
1.17x
NII
0.12x
Retail
0.54x
CategoryDay 3Day 2Day 1
QIB26.67x1.70x1.17x
NII5.59x0.52x0.12x
Retail3.81x1.35x0.54x
Total16.76x1.31x0.77x

Risk Factors

Exposure to fluctuations in commodity prices, which can impact the profitability of recycled materials.
Dependence on the availability and quality of recyclable materials.
Competition from other players in the recycling industry, including both organized and unorganized sectors.

Promoters & Management

The key management team of Jain Resource Recycling Limited consists of: Kamlesh Jain, the Chairman and Managing Director, who has over three decades of experience in the metal industry. Mayank Pareek, the Joint Managing Director, is a qualified Chartered Accountant with over 10 years of experience in the metal industry. Hemant Shantilal Jain, the Executive Director and Chief Financial Officer, is also a qualified Chartered Accountant with over 15 years of experience in accounts, audit, and taxation. Bibhu Kalyan Rauta is the Company Secretary and Compliance Officer. The board also includes four Independent Directors: Dr. Kandaswamy Paramasivan, Jayaramakrishnan Kannan, Rajendra Kumar Prasan, and Revathi Raghunathan. The management team is responsible for overseeing the company's operations, implementing growth strategies, and ensuring compliance with regulatory requirements. The company's success is attributed to its experienced management team and their understanding of the market.