Jain Resource Recycling IPO, a leading non-ferrous metals recycling company, is set to launch a ₹1,250 crore IPO from 24 to 26 September 2025, with anchor bidding on 23 September. The issue is split into a fresh issue of ₹500 crore and an Offer-for-Sale (OFS) of ₹750 crore by promoters and existing stakeholders. The price band is fixed at ₹220 to ₹232 per share, with each lot consisting of 64 shares — meaning retail investors need to invest about ₹14,848 at the upper band. Allocation is structured with 75% reserved for Qualified Institutional Buyers (QIBs), 10% for retail investors, and 15% for Non-Institutional Investors (NIIs). Jain Resource Recycling operates three facilities in Chennai with combined production capacity of approx 3.08 lakh tonnes per annum of recycled copper, lead, aluminium and their alloys. For FY 2025, the company reported revenue of ₹7,126 crore, an increase of over 60% from the previous year, and a net profit of ₹223 crore. The fresh issue proceeds will largely be utilised to repay or prepayment of outstanding borrowings estimated at ₹375 crore, with the remainder allocated to general corporate purposes. Investors are closely tracking the IPO GMP, which is reflecting a positive premium in the grey market — a sign of high demand and expectations for a strong listing. The basis of allotment is expected on 29 September, refunds initiated immediately after, and listing scheduled for 1 October 2025 on both NSE and BSE.