Jain Resource Recycling Limited IPO

Jain Resource Recycling is a company operating in the non-ferrous metals sector, focused on recycling and manufacturing products such as lead, copper, aluminium, and alloys. It runs recycling units located in Gummidipoondi (Chennai), processing scrap metal into refined ingots and alloys, and also sources raw materials globally from over 120 countries.

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The firm recently announced its Rs.1,250 crore IPO, which includes a Rs. 500 crore fresh issue and Rs.750 crore via offer-for-sale. The funds from the fresh issue will be used to repay debt and support corporate purposes. Prominent institutional investors like Goldman Sachs and Nomura have backed the IPO through the anchor round.

How do I apply for the Jain Resource Recycling IPO?

You can apply for the Jain Resource Recycling IPO using any supported UPI app by following two steps:

• Enter your bid on rocket
• Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account.