Jain Resource & Runwal Enterprises Set IPO Wheels in Motion with SEBI Filing

Two companies have filed draft documents with SEBI for their respective IPOs:

1.⁠ ⁠Jain Resource Recycling: Non-ferrous metals recycling leader Jain Resource intends to raise ₹2,000 crore through a new issue of ₹500 crore and an OFS of ₹1,500 crore. Funds will be used for repayment of debt and general corporate purposes. It recycles lead, copper, and aluminum, among others, and plans to foray into gold refining and heavy minerals.

2.⁠ ⁠Runwal Enterprises: The Mumbai-based real estate developer will garner ₹1,000 crore through a fresh issue. Proceeds will be used to repay debt, invest in subsidiaries, and towards future real estate acquisitions. The company focuses on residential projects in the affordable, mid-income, and luxury segments.

Both IPOs signal real estate and sustainability expansion possibilities.
 

Source: Business Standard, Economic Times