Jain Resource Recycling IPO opens today; GMP at 11%. Should you subscribe?

Jain Resource Recycling’s Rs 1,250 crore IPO opens on Tuesday, featuring a fresh issue and offer-for-sale. Priced at Rs 220-232 per share, the IPO aims for a post-issue market cap of Rs 8,006 crore. The company, a key player in non-ferrous recycling, reported strong FY25 revenue and profit growth, with analysts recommending a ‘Subscribe-Long Term’ approach despite stretched valuations.