New Delhi, Oct. 1 -- Jain Resource Recycling IPO GMP: Jain Resource Recycling is set to make its stock market debut on Wednesday, October 1, and the grey market premium (GMP) indicates a healthy start for the issue. The IPO allotment was finalised on September 29 after the subscription window that ran from September 24 to September 26. The IPO was priced in a band of Rs.220-232 per share.

The Jain Resource Recycling IPO GMP stood at Rs.11 on Tuesday, implying potential listing gains of around 4.74 percent. Based on this premium, shares are expected to list at approximately Rs.243, compared to the upper price band of Rs.232.

"Jain Resource Recycling Limited is a prominent player in India's non-ferrous metal recycling industry, specializi...