Jain Resource Recycling IPO
Open MainLineCurrent GMP
₹13 (+5.60%)
Price Band
₹ 220 – 232
Lot Size
64
Issue Size
₹1250 Cr
Minimum Investment
₹14848 (64 Shares)
Listing Date
01 October 2025
Subscription
15.9x
About the Company
Jain Resource Recycling Limited was incorporated as a private limited company on February 25, 2022. The business traces its roots back to 1953, when it was founded as a partnership firm under the name Jain Metal Rolling Mills. It was subsequently reconstituted in 1993, before evolving into its present corporate form.
The company is engaged in the recycling and manufacturing of non-ferrous metal products, with a diversified product portfolio that includes:
- Lead and lead alloy ingots
- Copper and copper ingots
- Aluminium and aluminium alloys
Operations
The company operates three recycling facilities located at SIPCOT Industrial Estate, Gummidipoondi, Chennai, where it processes a wide range of metal scrap:
- Copper: Birch, Druid
- Lead: Radio, Relay, Rains, Rinks
- Aluminium: Tread, Talon, Tense
Expanding its footprint globally, the company launched a gold refining facility on August 19, 2024, through its subsidiary JIGV, situated at Sharjah Airport International Free Zone (SAIF-Zone), UAE.
Customers & Industries Served
Jain Resource Recycling Limited supplies its products to diverse industries, including:
- Lead-acid battery
- Electrical and electronics
- Pigments
- Automotive
Its client base includes leading domestic and international companies such as:
- Vedanta Limited – Sterlite Copper
- Luminous Power Technologies Private Limited
- Yash Resources Recycling Limited
- Mitsubishi Corporation RtM Japan
- Nissan Trading Co.
Global Presence
The company has established a strong international presence, with markets across Singapore, China, Japan, and South Korea. Exports have been a significant contributor to revenue, accounting for:
- 50.06% of total revenue for the six months ending September 30, 2024
- Over 50% of total revenue in Fiscal 2022, 2023, and 2024
Workforce
As of January 31, 2025, the company employed 403 permanent employees, supporting its operations and growth.
Promoters
- Mr. Kamlesh Jain
Promoters Holding
Holding Pre Issue
89.96%
Holding Post Issue
74.97%
Objects of the Issue
The Company Jain Resource Recycling IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company
- General Corporate Purposes
Address / Contact Info
Jain Resource Recycling Limited
The Lattice, Old no 7/1, New No 20,
4th Floor, Waddles Road,
Kilpauk, Chennai, Tamil Nadu – 600010, India
Chennai, Tamil Nadu, 600010
Phone: 044 4340 9494
Email: cs@jainmetalgroup.com
Website: http://www.jainmetalgroup.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 24 September 2025
IPO Close Date
Friday, 26 September 2025
Basis of Allotment
Monday, 29 September 2025
Initiation of Refunds
Tuesday, 30 September 2025
Credit of Shares to Demat
Tuesday, 30 September 2025
Listing Date
Wednesday, 01 October 2025 — NSE & BSE
Important Dates
Open Date
24 September 2025
Close Date
26 September 2025
Basis Of Allotment
29 September 2025
Listing Date
01 October 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1836.24 | 1528.76 | 1115.96 |
| Revenue | 7162.15 | 4484.84 | 3107.53 |
| Profit After Tax | 223.29 | 163.83 | 91.81 |
| Net Worth | 707.46 | 367.18 | 196.97 |
| Reserve & Surplus | 660.01 | 328.13 | 159.09 |
| Total Borrowings | 919.92 | 909.38 | 732.79 |
EPS Pre
6.90%
EPS Post
6.47%
P/E Pre
33.62
P/E (Post Issue)
35.86x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 40.77 | 57.66 | 59.94 |
| ROCE % | 24.22 | 19.13 | 12.31 |
| Debt / Equity | 0.92 | 1.65 | 2.95 |
| RoNW % | 41.56 | 58.08 | 60.62 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 3.13 | 3.7 | 3 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 16163794 | 54.55 | 0 |
| Non-Institutional | 8081897 | 27.27 | 0 |
| Retail Investors | 5387931 | 18.18 | 84186 |
| Total | 29633622 | 100 | 0 |
Subscription Status ( Fri, 26 Sep 25 01:44 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 17045454 | 431049600 | 25.29x |
| Non-Institutional | 8522727 | 45144896 | 5.3x |
| BNII | 5681818 | 29640576 | 5.22x |
| SNII | 2840909 | 15504320 | 5.46x |
| Retail Investors | 5681818 | 20550848 | 3.62x |
| Total | 31249999 | 496745344 | 15.9x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 64 | 14,848.00 |
| Retail (Max) | 13 | 832 | 193,024.00 |
| S-HNI (Min) | 14 | 896 | 207,872.00 |
| S-HNI (Max) | 67 | 4,288 | 994,816.00 |
| B-HNI (Min) | 68 | 4,352 | 1,009,664.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Motilal Oswal Investment Advisors Pvt Ltd
- ICICI Securities Limited
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
- PL Capital Markets Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Jain Resource Recycling IPO is a Book-building IPO worth ₹1250 crores. The price band is ₹220 to 232 per share. The IPO opens on Wed, Sep 24, 2025 and closes on Fri, Sep 26, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Jain Resource Recycling IPO opens on Wed, Sep 24, 2025 and closes on Fri, Sep 26, 2025
Jain Resource Recycling IPO Price Band is ₹220 to 232.
Jain Resource Recycling IPO lot size is 64, and the minimum amount required for application is ₹14848.
The minimum investment for Jain Resource Recycling IPO is approximately ₹14848 based on the upper price band.
To apply for the Jain Resource Recycling IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Sep 26, 2025. After submission, funds are blocked until the basis of allotment of Jain Resource Recycling IPO is finalised.
Jain Resource Recycling IPO issue size is ₹1250 crores.
Jain Resource Recycling IPO allotment date is Sat, Jun 27, 2026.
The registrar for Jain Resource Recycling IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Jain Resource Recycling IPO through their official website or helpline.
The Jain Resource Recycling IPO GMP (Grey Market Premium) is ₹13 as of Wed, Oct 1, 2025. Based on the upper price band of ₹232 per share, the estimated Jain Resource Recycling IPO listing price is ₹245, indicating a potential listing gain of approximately 31% over the issue price.