New Delhi, Sept. 24 -- The initial public offering (IPO) for Jain Resource Recycling, a segment of the Jain Metal Group, will began subscription on September 24 and conclude on September 26. Jain Resource Recycling IPO price band has been set at Rs.220-232, with a minimum lot size of 64 shares. On September 23, the scrap recycling firm secured Rs.562.5 crore from 40 global and domestic institutional investors through the anchor book.

Jain Resource Recycling mainly specializes in producing non-ferrous metal goods by recycling non-ferrous metal scrap. Its product range includes lead and lead alloy ingots, copper and copper ingots, as well as aluminium and aluminium alloys.

The company has collaborated with Ikon Square Ltd in the UAE to es...