What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Jain Resource Recycling Limited IPO?

Based on the upper price band of ₹232 and current GMP of ₹13, the estimated listing price is ₹245 (approx. 5.6% gain).

What is the expected profit per lot for Jain Resource Recycling Limited IPO?

With a lot size of 64 shares and current GMP of ₹13, expected profit per retail application lot is approximately ₹832.

IPO GreyPremiumLIVE

Grey Market Intelligence

Jain Resource Recycling Limited

ListedMainboard

Waste Management & Recycling · NSE / BSE

Established in 2022, the company focuses on recycling and manufacturing non-ferrous metals, offering products such as lead and lead alloy ingots, copper and copper ingots, aluminium and aluminium alloys, tin ingots, and plastics. Its operations are supported by three recycling units located at the SIPCOT Industrial Estate in Gummidipoondi, Chennai, along with a gold refining facility in the SAIF-Zone, UAE, operated through its subsidiary JIGV. The company serves a diverse client base that includes Vedanta-Sterlite Copper, Luminous Power, Yash Resources Recycling, Mitsubishi Corporation RtM Japan, and Nissan Trading Co., while catering to markets across India, Singapore, China, Japan, and South Korea. As of July 31, 2025, the workforce comprised 411 permanent employees.

Price Band

₹220 – ₹232

Issue Size

₹1250 Cr

Lot Size

64 shares

GMP

₹13

+5.6%

Est. Listing

₹245

at current GMP

Subscribed

16.76x

overall

Open

24 Sep 2025

26 Sep 2025

Allotment

29 Sep 2025

Refund

30 Sep 2025

Demat Credit

1 Oct 2025

Listing

1 Oct 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Jain Resource Recycling Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹13+5.6%

Issue Price (Upper)

₹232

Band: ₹220 – ₹232

Estimated Listing Price

₹245

Upper price + GMP

Lot Size

64 shares

Min investment ₹14,848

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹13	5.6%	₹245
30 Oct 2026	+₹13	5.6%	₹245
29 Oct 2026	+₹12	5.0%	₹244

About Jain Resource Recycling Limited Public Issue & Market Profile

Jain Resource Recycling Limited is bringing an initial public offering (IPO) in the Waste Management & Recycling sector with an aggregate issue size of ₹1,250 Crores. The shares are offered at a price band of ₹220 to ₹232 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 64 shares (approx. ₹14,848 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-10-01, while un-allotted funds or UPI block mandates will be released on 2025-09-30.

Frequently Asked Questions

What is Jain Resource Recycling Limited IPO GMP today?

The latest grey market premium for Jain Resource Recycling Limited IPO is ₹13, which indicates an expected listing price of ₹245.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.