Mumbai, Sept. 29 -- The initial public offer of Jain Resource Recycling received bids for 49,67,45,344 shares as against 3,12,49,999 shares on offer. The issue was subscribed 15.90 times.

The Qualified Institutional Buyers (QIB) category was subscribed 25.29 times, the Non-Institutional Investors category was subscribed 5.30 times and the Retail Individual Investors category was subscribed 3.62 times.

The issue opened for bidding on 24 September 2025 and it closed on 26 September 2025. The price band of the IPO is fixed between Rs 220 and 232 per share.

The IPO comprised a fresh issue worth Rs 500 crore and an offer for sale of shares aggregating Rs 750 crore, taking the total issue size to Rs 1,250 crore.

As of 31 July 2025, the comp...