Investors have a busy week ahead as three major IPOs—Jain Resource Recycling, Epack Prefab Technologies, and BMW Ventures—open for subscription on September 24, 2025. All three issues will close on September 26 and are expected to list on both BSE and NSE on October 1. Market watchers are closely monitoring grey market premiums (GMPs) and subscription trends to gauge which IPO may deliver the best listing gains.
Jain Resource Recycling, the largest among the three, has a total issue size of ₹1,250 crore. This includes a fresh issue of 2.16 crore shares worth ₹500 crore and an offer for sale of 3.23 crore shares totaling ₹750 crore. Priced in the range of ₹220–232, the minimum lot for retail investors is 64 shares, requiring an investment of ₹14,848 at the upper price band. Current GMP data shows a ₹30 premium, indicating a potential listing price of ₹262 per share and expected gains of around 12.93%, the highest among the three IPOs.
Epack Prefab Technologies is raising ₹504 crore through a combination of fresh issue and offer for sale. The price band is ₹194–204 per share, with a minimum retail investment of ₹14,892. Its GMP of ₹20 suggests a possible listing price of ₹224, translating into projected gains of 9.8%.
BMW Ventures, with an issue size of ₹231.66 crore entirely via fresh issue, has a price band of ₹94–99 per share. Retail investors need to invest at least ₹14,949. Currently, this IPO shows no GMP, signaling a flat listing debut with no expected immediate gain.
Overall, Jain Resource Recycling appears most promising for listing day gains, followed by Epack Prefab, while BMW Ventures may see a flat debut. Investors should consider these factors along with their risk appetite before making subscription decisions. With allotment results expected by September 29, retail and institutional investors are closely watching the market for any last-minute subscription trends.
