J B Ecotex IPO (DRHP filed)
J B Ecotex Limited filed its draft red herring prospectus with SEBI on 30 Sep 2026. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- DRHP Filed
- DRHP filed
- 30 Sep 2026
- Days since
- 31
- Issue size
- —
- Board
- Mainboard
- Price band
- TBA
J B Ecotex IPO status
J B Ecotex Limited filed its draft red herring prospectus (DRHP) with SEBI on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.
| DRHP filed | 30 Sep 2026 |
|---|---|
| Days since filing | 31 |
| SEBI observation | Awaited |
| Price band | TBA |
| Issue dates | TBA |
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
J B Ecotex Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹717.86 Cr to ₹828.68 Cr, and profit after tax rose from ₹20.57 Cr to ₹22.49 Cr. The PAT margin for 31 Mar 2026 was 2.71%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 694.83 | 707.96 | 591.38 |
| Total Income | 828.68 | 717.86 | 528.47 |
| Profit After Tax | 22.49 | 20.57 | 21.13 |
| EBITDA | 89.88 | 76.85 | 53.29 |
| Net Worth | 212.29 | 140.10 | 101.90 |
| Reserve & Surplus | 256.57 | 184.94 | 148.08 |
| Total Borrowings | 311.86 | 352.55 | 282.81 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 9.46 | 10.61 | 12.86 |
| ROCE % | 10.28 | 9.96 | 10.22 |
| Debt / Equity | 1.14 | 1.75 | 1.52 |
| RoNW % | 10.59 | 14.68 | 20.74 |
| Pat Margin % | 2.71 | 2.87 | 4.00 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| J B Ecotex Ltd | 5 | — | 1.31 | 1.31 | 10.59% | 12.34 |
| Ganesha Ecosphere Ltd | 10 | 68.90 | 14.50 | 14.48 | 3.00% | 475.23 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings availed by our Company and our Material Subsidiary | 320.00 |
| 2 | General corporate purposes | — |
| Total | 320 |
About J B Ecotex Limited
Incorporated in November 2012, J B Ecotex Limited is engaged in the recycling of PET bottles and other PET waste to manufacture recycled PET products. As of August 31, 2026, the Company was the second-largest PET recycling company in India by installed capacity, with an aggregate installed capacity of 180,360 MTPA. Its product portfolio comprises Recycled Polyester Staple Fibre (RPSF), Food Grade Recycled PET Resins, recycled PET flakes and chemically recycled resins, which are primarily used in textile, food-grade packaging and other packaging applications. The Company has capabilities across both mechanical and chemical PET waste recycling and, as of August 31, 2026, was one of two companies in India with commercial-scale chemical recycling capabilities.
The Company operates two manufacturing facilities located at Dhamdod, Surat, Gujarat, spread across a combined area of approximately 1.79 million square feet. The facilities collectively represent the largest PET recycling manufacturing capacity at a single location in India. Between Fiscal 2016 and Fiscal 2026, the Company recycled more than 31,244 million PET bottles, reflecting the scale of its recycling operations. Its chemical recycling operations commenced in January 2024, followed by the commencement of commercial production of Food Grade Recycled PET Resins in August 2024.
J B Ecotex serves more than 700 customers across India and 25 international markets. The Company has established a PET waste procurement network comprising more than 520 suppliers, providing access to PET waste as a key raw material for its recycling operations.
The Company's manufacturing facilities are supported by certifications and regulatory approvals, including ISO 9001:2015, ISO 14001:2015 and IS 17263:2022. Its Food Grade Recycled PET Resins are also supported by USFDA registration and FSSAI licensing. In addition, the Company operates captive renewable power capacity comprising 7.20 MW of wind power and 6.60 MW of solar power, supporting its energy requirements and sustainability initiatives.
As of March 31, 2026, the Company had 1,995 full-time employees.
Promoters
Ayodhyaprasad Jugalkishore Singhal
Hemant Vimalkumar Dhandharia
Himanshu Surendra Jariwala
Jitendrakumar Fulchand Arya
Monika Rajesh Gupta
Rajesh Ramniwas Gupta
Ramdas Laxminarayan Jindal
Sajjan Kumar Kejriwal
Samarth Arya
Vishal Kejriwal
Gupta Family Private Trust
Contact details
J B Ecotex Limited
Office No. 1105 & 1201, 11th Floor
Rajhans Montessa, Beside Le Meridien Hotel
Nr. Surat Airport, Dumas Road
Surat, Gujarat, 395007
Telephone: +91 63588-66883
E-mail: cs@jbecotex.com
Website: https://www.jbecotex.com/
J B Ecotex IPO FAQs
- Has J B Ecotex IPO filed for an IPO?
- J B Ecotex Limited filed its draft red herring prospectus (DRHP) with SEBI on 30 Sep 2026.
- When will the J B Ecotex IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the J B Ecotex IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.