Jain Resource Recycling shares list at 14% premium over IPO price

Jain Resource Recycling debuted at a 14% premium, opening at Rs 265 against its Rs 232 IPO price. The Rs 1,250 crore IPO saw strong investor demand, subscribed 16.8 times overall. The non-ferrous metal recycler, despite rapid financial growth, faces challenges in sustaining growth and expanding its thin 3% net margin post-listing.