Jain Resource Recycling Ltd launched its initial public offering (IPO) today, September 24. The Rs 1,250 crore issue comprises a fresh issue of Rs 500 crore and an Offer for Sale (OFS) of Rs 750 crore. According to the provisional exchange data, the issue has been subscribed 68 per cent so far.

Jain Resource Recycling IPO subscription status:

By 4 pm, investors have bid for 2.12 crore shares out of the total 3.12crore shares on offer. Out of which, the Qualified Institutional Buyers (QIBs) have bid 1.07 times, Non-Institutional Investors (NIIs) have bid 0.08 times, and Retail Individual Investors (RIIs) have bid 0.43 times.

In simpler terms, QIBs have bid for 1.81 crore shares against the 1.70 crore shares reserved, NIIs have bid for 6.63 lakh shares out of 85.22 lakh shares allotted,

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