Overview

• The issue comprises a Rs 500 crore fresh raise and a Rs 750 crore offer for sale, with promoter Kamlesh Jain selling Rs 715 crore and shareholder Mayank Pareek selling Rs 35 crore.
• Bidding runs September 24–26, and the company is expected to list on October 1 on the Indian exchanges.
• Investor allocation is set at 75% for QIBs, 15% for non-institutional investors, and 10% for retail, with a lot size of 64 shares.
• DAM Capital, ICICI Securities, Motilal Oswal Investment Advisors, and PL Capital Markets are the book-running lead managers, and Kfin Technologies is the registrar.
• At the top of the band, the valuation tops Rs 8,000 crore, and the recycler is expanding beyond lead, copper and aluminium into refined gold via a Sharjah venture with Ikon Square.