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77% post-IPO rally: Ashish Kacholia-backed Jain Resource Recycling anchor lock-in ends, 12 mn shares now tradable
The Economic Times· 2025-12-29 12:14
While the shares will be eligible for sale, the onus rests with the investors whether to sell them or not.The stock has had a stellar run on the D-Street, hitting a high of Rs 461 on the NSE and rallying 98% over the issue price in nearly a month and a half. Though it has corrected 12% from its high, it is still trading 77% above the issue price of Rs 232 per share.The Rs 1,250 crore Initial Public Offering (IPO), launched on September 24, consisted of a fresh issue of Rs 500 crore and an offer for sale wo ...