Mumbai, Sept. 26 -- The initial public offer of Jain Resource Recycling received bids for 49,67,45,280 shares as against 3,12,49,999 shares on offer, according to stock exchange data at 17:30 IST on Friday (26 September 2025). The issue was subscribed 15.90 times.

The issue opened for bidding on 24 September 2025 and it will close on 26 September 2025. The price band of the IPO is fixed between Rs 220 and 232 per share. An investor can bid for a minimum of 64 equity shares and in multiples thereof.

The IPO comprises 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 company's total outstanding borrowings stood at Rs 1,040.72 c...