The share allotments for Jain Resource Recycling IPO will likely be finalised by today, September 29. IPO applicants can check their allotment status on BSE and NSE, as well as the official site of its registrar.
The IPO saw strong investor interest during its three days of public bidding, being subscribed 15.90 times between September 24 and September 26.
Jain Resource Recycling IPO GMP
Ahead of listing, the shares of Jain Resource Recycling were trading with 8 percent grey market premium (GMP) over the IPO price, according to data on Investorgain.
IPO applicants can check their Jain Resource Recycling IPO allotment status on the official website of the registrar, Kfin Technologies. The status will also be available on the websites of stock exchanges BSE and NSE.
Jain Resource Recycling IPO: How to check allotment status on Kfin Technologies?
- Step 1: Open the link to the official registrar of the issue by clicking on this URL: (https://ipostatus.kfintech.com/)
- Step 2: Select the company from the 'Select IPO' dropdown list.
- Step 3: Fill in details like application number, demat account or PAN number.
- Step 4: Press the 'Submit' button
- Step 5: Your allotment status will be shown in the window.
- Step 1: Open the website of NSE by clicking on this direct link (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp).
- Step 2: Select the company 'Jain Resource Recycling' by selecting Equity & SME IPO bid details.
- Step 3: Fill in the necessary details like IPO Application number or PAN details after selecting the company symbol.
- Step 4: Press the 'Submit' button
- Step 5: The allotment status will be shown in the window.
- Step 1: Open the website of Bombay Stock Exchange (BSE).
- Step 2: Click on 'Investors' option.
- Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.
- Step 4: Click on 'Application Status Check'.
- Step 5: Select Equity in the issue type.
- Step 6: Fill in the required details including the 'Issue Name'.
- Step 7: Enter PAN number and click on 'Search' to view the status.
Jain Resource Recycling is primarily focused on the manufacturing of non-ferrous metal products through the recycling of non-ferrous metal scrap. The company's product portfolio comprises lead and lead alloy ingots; copper and copper ingots; and aluminium and aluminium alloys.
The company moved to the capital markets to raise Rs 1,250 crore through a fresh issue of shares worth Rs 500 crore and an offer-for-sale (OFS) worth Rs 750 crore by the existing promoters. The price band has been set at Rs 220-232 apiece.
The shares are scheduled to be listed on stock exchanges on October 1.
Follow all IPO news here.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
