** Jain Resource Recycling NSE:JAINREC rises 20.6% from issue price to 280 rupees in debut trade
** Non-ferrous metal products manufacturer attains market cap of 96.64 billion rupees ($1.09 billion)
** IPO received bids worth nearly 16x the 31.2 mln shares on offer, exchange data shows
** Co to use proceeds to pay down debt and for other corporate purposes
($1 = 88.6650 Indian rupees)