If you have placed a bid for the Jain Resource Recycling IPO, which opened on September 24 and closed on September 26, your wait is nearly over. The allotment of shares is expected to be finalised on September 29, while the listing is scheduled for October 1.

The price band for the IPO was set at Rs 220 to Rs 232 per share.

Here’s a quick and easy guide to check your IPO allotment status online.

How to check IPO allotment status

Via BSE Website

  • Go to the BSE IPO allotment status page.
  • Select ‘Equity’ as the issue type.
  • From the dropdown, choose ‘Jain Resource Recycling’.
  • Enter your application number or PAN.
  • Complete the captcha by ticking ‘I’m not a robot’ and click on Search.
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Via NSE Website

  • Visit the NSE IPO application tracking page.
  • Then, click on ‘Equity and SME IPO Bid Details’.
  • Select ‘Jain Resource Recycling’ from the list.
  • Provide the details such as your application number and PAN.
  • Submit to view your allotment status.

Via the Registrar’s Website

  • Go to the official site of the registrar KFin Technologies.
  • Select ‘Jain Resource Recycling’ from the dropdown.
  • Choose any of the following: PAN, Application Number, DP ID/Client ID, or Bank Account Number.
  • Fill in the necessary details and press Search to check your status.
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Subscription snapshot

The Jain Resource Recycling IPO saw by the end of the bidding window, the overall subscription stood at 16.76 times.

Qualified Institutional Buyers (QIBs): 26.67 times

Non-Institutional Investors (NIIs): 5.59 times

Retail Investors: 3.81 times

Grey Market

The grey market premium (GMP) for Jain Resource Recycling is currently around Rs (GMP), suggesting a likely listing price of Rs 249. This translates to a potential gain of around 7.33% from the upper end of the price band. However, GMP is unofficial and may not always reflect actual listing performance.

IPO details

The public issue of Jain Resource Recycling was open for subscription from September 24 to September 26, with the company aiming to raise Rs 1,250 crore through the initial public offering. The price band for the issue was fixed between Rs 220-232 per share.

The issue is being managed by Dam Capital Advisors, while Kfin Technologies is acting as the registrar. Once the allotment process is completed, the shares are scheduled to be listed on BSE, NSE on October 1.