India's Jain Resource Recycling rises 20.6% in trading debut

Jain Resource Recycling

01/10/2025 08:24

** Jain Resource Recycling JAIE.NS rises 20.6% from issue price to 280 rupees in debut trade

** Non-ferrous metal products manufacturer attains market cap of 96.64 billion rupees ($1.09 billion)

** IPO received bids worth nearly 16x the 31.2 mln shares on offer, exchange data shows

** Co to use proceeds to pay down debt and for other corporate purposes

($1 = 88.6650 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))