The IPO mania continues and today it is the turn fir Jain Resource Recycling to test the waters. Backed by the Jain Metal Group, the company has opened its three-day subscription window with a sizeable Rs 1,250 crore issue. But amid a crowded week of IPOs, does this one deserve your attention?
Let’s take a look at the 5 key factors to watch out for –
Jain Resource Recycling IPO: Key details of the issue
The issue size is set at Rs 1,250 crore, which includes a fresh issue of Rs 500 crore and an offer for sale of Rs 750 crore by existing shareholders.
This means while the company will raise funds for its own growth and debt repayment, a large part will also go into the pockets of early investors cashing out.
Jain Resource Recycling IPO: Price band and investment details
The compan