Market & News

Registered Office: The Lattice Old #.7/1 New # 20,4th Flr Waddles Road Kilpauk, Chennai - 600010, Tamil Nadu, India.
Phone : 044 4340 9494   Fax:
Email :  cs@jainmetalgroup.com  
Website :  www.jainmetalgroup.com

Initial public offering of up to [*] equity shares of face value of Rs. 2/- each ("Equity Shares") of Jain Resource Recycling Limited ("the Company" or the "Company" or the "Issuer") for cash at a price of Rs. [*] per equity share (including a premium of Rs. [*] per equity share) (the "Offer Price") aggregating up to Rs. 1250.00 crores (the "Offer") comprising a fresh issue of up to [*] equity shares by the company aggregating up to Rs. 500.00 crores (the "Fresh Issue") and an offer for sale of up to [*] equity shares aggregating up to Rs. 750.00crores comprising an offer for sale of up to Rs. 715.00 crores by Kamlesh Jain and up to Rs. 35.00 crores by Mayank Pareek (collectively referred to as the "Selling Shareholders", and each individually, as a "Selling Shareholder" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale"). Price Band: Rs. 220/- to Rs. 232/- for equity share of face value of Rs. 10 each. The floor price is 22.00 times times the face value and cap price is 23.20 times of the face value of the equity shares. Bids can made for a minimum of 64 equity shares and in multiples of 64 equity shares thereafter.