Jain Resource Recycling IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 24 Sep 2025
Close Date
Fri, 26 Sep 2025
Price Band
₹ 220 – 232
Lot Size
64
Issue Size
₹ 1,250.00 Cr
Minimum Investment
₹ 14,848 (64 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Jain Resource Recycling IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹1,250.00 Crore, comprising a fresh issue of 2.16 Crore equity shares aggregating to ₹500.00 Crore and an offer for sale (OFS) of 3.23 Crore equity shares aggregating to ₹750.00 Crore by the existing shareholders.
The Jain Resource Recycling IPO remained open for subscription from September 24, 2025, to September 26, 2025. The basis of allotment was finalized on September 29, 2025, and the company's shares were listed on the NSE and BSE on October 01, 2025.
The company had fixed the price band at ₹220 to ₹232 per share, with a lot size of 64 shares. Retail investors were required to make a minimum investment of ₹14,848 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Motilal Oswal Investment Advisors Ltd, ICICI Securities Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), and PL Capital Markets Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Jain Resource Recycling Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Jain Resource Recycling IPO Timeline (Tentative)
- IPO Open Date
- Wed, 24 Sep 25
- IPO Close Date
- Fri, 26 Sep 25
- Basis of Allotment
- Mon, 29 Sep 25
- Initiation of Refunds
- Tue, 30 Sep 25
- Credit of Shares to Demat
- Tue, 30 Sep 25
- Listing Date
- Wed, 01 Oct 25 — NSE & BSE
Open Date
24 September 2025
Close Date
26 September 2025
Basis Of Allotment
29 September 2025
Listing Date
01 October 2025
IPO Subscription
Check Live Subscription →The Jain Resource Recycling IPO has received bids for 49,67,45,344 shares against 3,12,49,999 shares offered, resulting in an overall subscription of 15.9x. the NII category is subscribed 5.3x, Retail Investors 3.62x, and QIBs 25.29x. Within the NII category, BNII is subscribed 5.22x, while SNII is subscribed 5.46x.
QIB
25.29x
NII
5.3x
BNII
5.22x
SNII
5.46x
RII
3.62x
Total
15.9x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 53,87,931 shares, representing 18.18% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 1,61,63,794 shares (54.55%), while Non-Institutional Investors (NIIs) receive 80,81,897 shares (27.27%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 16,163,794 | 54.55% |
| Non-Institutional | 8,081,897 | 27.27% |
| Retail Investors | 5,387,931 | 18.18% |
| Total | 29,633,622 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Jain Resource Recycling Limited KPI Information
| 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 |
| Pat Margin % | 3.13 | 3.7 | 3 |
Peers Comparison
No Peer Comparision Available
About Jain Resource Recycling Limited
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.
Jain Resource Recycling IPO Promoters
- Mr. Kamlesh Jain
Promoters Holding
Holding Pre Issue
89.96%
Holding Post Issue
74.97%
Jain Resource Recycling IPO Objective
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
Jain Resource Recycling Limited Address / Contact Details
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
Jain Resource Recycling IPO Lot Size
The Jain Resource Recycling IPO has a lot size of 64 shares. Retail investors require a minimum investment of ₹14,848 by applying for 1 lot (64 shares). The maximum application allowed for the retail category is 13 lots (832 shares), requiring an investment of ₹1,93,024.
| 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 |
Issue Reservation
- QIB — 54.55%
- NII — 27.27%
- RII — 18.18%
Book Running Lead Managers
- Motilal Oswal Investment Advisors Ltd
- ICICI Securities Limited
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
- PL Capital Markets Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Jain Resource Recycling IPO?
Jain Resource Recycling IPO is a Book-building IPO with a total issue size of ₹1250 crore. The Jain Resource Recycling IPO price band is ₹220 to 232 per share. The Jain Resource Recycling IPO subscription opens on Wed, Sep 24, 2025, and closes on Fri, Sep 26, 2025. The Jain Resource Recycling IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Jain Resource Recycling IPO.
When will the Jain Resource Recycling IPO open for subscription?
The Jain Resource Recycling IPO opens on Wed, Sep 24, 2025 and closes on Fri, Sep 26, 2025
What is Jain Resource Recycling IPO Price Band?
Jain Resource Recycling IPO Price Band is ₹220 to 232 per share.
What is Jain Resource Recycling IPO Lot Size?
Jain Resource Recycling IPO lot size is 64 shares, Retail investors need a minimum investment of ₹14848 based on the upper price band
What is the minimum investment for Jain Resource Recycling IPO?
The minimum investment for Jain Resource Recycling IPO is ₹14848, based on one lot of 64 shares at the upper price band of ₹232 per share.
How to apply for Jain Resource Recycling IPO?
Investors can apply for the Jain Resource Recycling IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 26, 2025. The application amount remains blocked until the Jain Resource Recycling IPO allotment is finalized.
What is Jain Resource Recycling IPO Issue Size?
Jain Resource Recycling IPO issue size is ₹1250 crores.
What is the Jain Resource Recycling IPO Allotment Date?
Jain Resource Recycling IPO allotment date is Mon, Sep 29, 2025.
Who is the Jain Resource Recycling IPO Registrar?
The registrar for Jain Resource Recycling IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Jain Resource Recycling IPO allotment status, refund processing, and other IPO-related information.
What is the Jain Resource Recycling IPO GMP?
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 5.60% over the issue price.
Who is the Jain Resource Recycling IPO Lead Manager?
The book-running lead managers (BRLMs) for the Jain Resource Recycling IPO are Motilal Oswal Investment Advisors Ltd, ICICI Securities Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), and PL Capital Markets Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Jain Resource Recycling IPO Red Herring Prospectus (RHP).