
Jain Resource Recycling Ltd IPO
BSELot: 64Non Ferrous Metals
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
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 26.67x | 1.70x | 1.17x |
| NII | 5.59x | 0.52x | 0.12x |
| Retail | 3.81x | 1.35x | 0.54x |
| Total | 16.76x | 1.31x | 0.77x |
Risk Factors
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.