IPO to Strengthen Balance Sheet and Support Expansion, Anchored by Promoter and Institutional Bids
Bilkul Bazaar
Ahmedabad: Jain Resource Recycling Limited (JRRL) is all set to launch its ₹1,250 crore initial public offering (IPO) on Wednesday, September 24, 2025. The IPO includes a fresh issue of equity shares worth ₹500 crore and an offer for sale of up to ₹750 crore by existing shareholders.
The price band has been fixed at ₹220 to ₹232 per equity share, each with a face value of ₹2. Anchor Investor bidding will begin on Tuesday, September 23, 2025, while the public bidding window remains open until Friday, September 26, 2025. Investors can bid for a minimum of 64 shares and in multiples of 64 thereafter.
Offer Details:
Total Offer Size: ₹1,250 crore (₹12,500 million)
Fresh Issue: ₹500 crore
Offer for Sale: ₹750 crore
By Kamlesh Jain (Promoter CMD): ₹715 crore
By Mayank Pareek (Joint CMD): ₹35 crore
The company plans to utilize the net proceeds from the fresh issue for pre-payment or scheduled repayment of certain outstanding borrowings estimated at ₹375 crore, with the balance allocated for general corporate purposes. The shares are proposed to be listed on both the National Stock Exchange of India (NSE) and BSE Limited.
Media Interaction in Ahmedabad:
Kamlesh Jain, CMD, along with Mayank Pareek, Joint CMD, Hemant Jain, ED & CFO, and Amish Patani and Rajat Rawal from Dam Capital Advisors, met with the media in Ahmedabad to share insights about the company and its upcoming IPO.
Kamlesh Jain said, “This IPO marks a significant milestone in our growth journey. The funds raised will strengthen our balance sheet and support sustainable expansion.”
Mayank Pareek added, “We are confident of robust investor response given the strong fundamentals of our business and our commitment to environmental sustainability through recycling solutions.”
The IPO is being managed by DAM Capital Advisors Limited, ICICI Securities Limited, Motilal Oswal Investment Advisors Limited, and PL Capital Markets Private Limited as the book running lead managers (BRLMs).
Disclaimer: This news is for informational purposes only. Please refer to official offer documents and consult a financial advisor before investing.
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