Jain Resource Recycling is likely to finalize the basis of allotment of its shares on Monday, September 29. Applicant bidders will get the messages, alerts or emails for debit of their funds or revocations of their IPO mandate latest by Tuesday, September 30. The non-ferrous metal player saw a decent response from the investors. Advertisement

The IPO of Jain Resource Recycling was open for bidding between September 24 and September 26. It had offered its shares in the price band of Rs 220-232 per share with a lot size of 64 shares. The company raised a total of Rs 1,250 crore via IPO, which included a fresh share sale of Rs 500 crore and an offer-for-sale (OFS) 3,23,27,586 equity shares worth Rs 750 crore.

The issue was overall subscribed 15.90 times fetching more than 3 lakh applicatio

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