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Jain Resource Recycling IPO is a bookbuilt issue of ₹1,250.00 crore. It combines a fresh issue of 2.16 crore shares aggregating to ₹500.00 crore and an offer for sale of 3.23 crore shares aggregating to ₹750.00 crore.
The IPO opens for subscription on September 24, 2025, and closes on September 26, 2025. The allotment is expected to be finalized on Monday, September 29, 2025. The price band for the IPO is set at ₹220 to ₹232 per share, and the minimum lot size for an application is 64 shares.
Company Summary
Incorporated in 2022, Jain Resource Recycling Limited is engaged in the recycling and manufacturing of non-ferrous metal products. Its product portfolio includes lead and lead alloy ingots, copper and copper ingots, and aluminium and aluminium alloys.
The company operates three recycling facilities located at SIPCOT Industrial Estate, Gummidipoondi, Chennai. These facilities process various types of metal scrap, including copper (birch, druid), lead (radio, relay, rains, rinks), and aluminium (tread, talon, tense). A gold refining facility in Sharjah Airport International Free Zone (SAIF-Zone), UAE, through its subsidiary JIGV.
Jain Resource Recycling Limited supplies its products to sectors such as lead-acid battery, electrical and electronics, pigments, and automotive. Clients include domestic and international companies such as Vedanta Limited-Sterlite Copper, Luminous Power Technologies Private Limited, Yash Resources Recycling Limited, Mitsubishi Corporation RtM Japan, and Nissan Trading Co.
The company has a presence in global markets including Singapore, China, Japan, and South Korea.
As of July 31, 2025, the company had a total of 411 permanent employees.
Product Portfolio
- Lead & Lead Alloy Ingots
- Copper & Copper Ingots
- Aluminium & Aluminium Alloys
- Tin Ingots
- Plastic
Company Strengths
- Track record of profitability and consistent financial performance in an industry with significant entry barriers.
- Strategically located Recycling Facilities with capabilities to handle multiple product lines.
- Strong customer base with global footprint and deep sourcing capabilities.
- Application of Hedging Mechanism for Commodity Price Risk Protection for Products
- Experienced management team and qualified personnel with significant industry experience.
Company Financials
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,836.24 | 1,528.76 | 1,115.96 |
| Total Income | 7,162.15 | 4,484.84 | 3,107.53 |
| Profit After Tax | 223.29 | 163.83 | 91.81 |
| EBITDA | 368.58 | 227.22 | 124.18 |
| Net Worth | 707.46 | 367.18 | 196.97 |
| Reserves and Surplus | 660.01 | 328.13 | 161.3 |
| Total Borrowing | 919.92 | 909.38 | 732.79 |
| Amount in ₹ Crore | |||
Objectives of IPO
- Pre-payment or scheduled repayment of a portion of certain outstanding borrowings availed by the Company.
- General corporate purposes.
Promoter of the company
Kamlesh Jain is the company promoter.
IPO Details
| IPO Date | September 24, 2025 to September 26, 2025 |
| Listing Date | October 1, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹220 to ₹232 per share |
| Lot size | 64 shares |
| Total Issue size | 5,38,79,310 shares (aggregating upto ₹1250.00 Cr ) |
| Fresh Issue | 2,15,51,724 shares (aggregating upto ₹500.00 Cr ) |
| Offer for Sale | 3,23,27,586 shares of ₹2 (aggregating upto ₹750.00 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 32,35,34,090 shares |
| Share Holding Post Issue | 34,50,85,814 shares |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 64 | ₹14,848.00 |
| Retail (Max) | 13 | 832 | ₹1,93,024.00 |
| S-HNI (Min) | 14 | 896 | ₹2,07,872.00 |
| S-HNI (Max) | 67 | 4,288 | ₹9,94,816.00 |
| B-HNI (Min) | 68 | 4,352 | ₹10,09,664.00 |
Allotment Schedule
| Basis of Allotment | Mon, 29 Sep, 2025 |
| Initiation of Refunds | Tue, 30 Sep, 2025 |
| Credit of Shares to Demat | Tue, 30 Sep, 2025 |
| Tentative Listing Date | Wed, 1 Oct, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII Shares Offered | Not more than 15% of the Offer |
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