Jain Resource Recycling’s IPO, aiming to raise ₹1,250 crore, saw initial subscription of 3%, driven by retail investors. The IPO comprises a fresh issue and offer-for-sale, with shares priced between ₹220-₹232. While analysts consider the IPO fully valued, expansion plans and strong financials support a positive long-term outlook, with Anand Rathi recommending a ‘Subscribe-Long Term’ rating.