Here are the full details of the Jain Resource Recycling Limited IPO, scheduled to open on September 24, 2025, and close on September 26, 2025:
Jain Resource Recycling Limited specializes in the recycling of non-ferrous metals, including lead, copper, and aluminum.
The company manufactures lead and lead alloy ingots, copper and copper ingots, and aluminum and aluminum alloys.
Their lead ingots are registered with the London Metal Exchange, enhancing global trust and demand.
Jain Resource Recycling IPO is a book build issue of ₹1,250.00 crores. The issue is a combination of fresh issue of 2.16 crore shares aggregating to ₹500.00 crores and offer for sale of 3.23 crore shares aggregating to ₹750.00 crores.
Jain Resource Recycling IPO opens for subscription on Sep 24, 2025 and closes on Sep 26, 2025. The allotment for the Jain Resource Recycling IPO is expected to be finalized on Sep 29, 2025. Jain Resource Recycling IPO will list on BSE, NSE with a tentative listing date fixed as Oct 1, 2025.
Jain Resource Recycling IPO price band is set at ₹220.00 to ₹232.00 per share . The lot size for an application is 64. The minimum amount of investment required by an retail is ₹14,848 (64 shares) (based on upper price).
The lot size investment for sNII is 14 lots (896 shares), amounting to ₹2,07,872, and for bNII, it is 68 lots (4,352 shares), amounting to ₹10,09,664.
IPO Dates
- Opening Date: September 24, 2025
- Closing Date: September 26, 2025
- Basis of Allotment: September 29, 2025
- Initiation of Refunds: September 30, 2025
- Credit of Shares: September 30, 2025
- Listing Date: October 1, 2025
IPO Details
- Face Value: ₹2 per share
- Price Band: ₹220 – ₹232 per share
- Lot Size: 64 shares
- Minimum Investment: ₹14,848
- Total Issue Size: ₹1,250 crore
- Fresh Issue: ₹500 crore
- Offer for Sale (OFS): ₹750 crore
- Sale Type: Fresh Capital-cum-Offer for Sale
- Issue Type: Bookbuilding IPO
- Listing At: BSE, NSE
- Share Holding Pre Issue: 32,35,34,090 shares
- Share Holding Post Issue: 34,50,85,814 shares
GMP of Jain Resource Recycling Limited IPO
As of September 22, 2025, the Grey Market Premium (GMP) for the Jain Resource Recycling Limited IPO is approximately ₹17, indicating a potential listing gain of around 7.33%. This suggests that the IPO is expected to list at about ₹249 per share, based on the upper price band of ₹232.
The GMP reflects the current market sentiment and demand for the company’s shares in the grey market, which is an unofficial market where IPO shares are traded before they are listed on the stock exchanges. A positive GMP typically indicates strong investor interest and confidence in the IPO.
It’s important to note that GMP can fluctuate as the IPO subscription period progresses and as more information becomes available. Therefore, investors should monitor the GMP and other market indicators closely before making investment decisions.
Jain Resource Recycling Limited IPO Lot Size
Here’s the Lot Size and related details for the Jain Resource Recycling Limited IPO:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 64 | ₹14,848 |
| Retail (Max) | 13 | 832 | ₹1,93,024 |
| S-HNI (Min) | 14 | 896 | ₹2,07,872 |
| S-HNI (Max) | 67 | 4,288 | ₹9,94,816 |
| B-HNI (Min) | 68 | 4,352 | ₹10,09,664 |
Jain Resource Recycling Limited IPO Promoter Holding
Here are the promoter holdings for Jain Resource Recycling Limited IPO as per the latest available data:
| Holding Type | Number of Shares | % Holding |
|---|---|---|
| Promoter + Promoter Group (Pre-IPO) | 32,35,34,090 shares | ≈ 89.96% |
| Promoter + Promoter Group (Post-IPO) | 34,50,85,814 shares | ≈ 84.34% |
About Jain Resource Recycling Limited
Here’s a detailed profile of Jain Resource Recycling Limited based on publicly available sources. If you want, I can also give a shorter summary or some “key takeaways.”
Business / Industry
- Jain Resource Recycling is part of the Jain Metal Group, focusing on the non-ferrous metal recycling industry. Non-ferrous metals are metals other than iron, such as lead, copper, aluminium.
- The company recycles non-ferrous metal scrap and manufactures products like lead & lead alloy ingots, copper & copper ingots, aluminium & aluminium alloys.
History & Structure
- The roots go back to 1953, originally as Jain Metal Rolling Mills. It was reconstituted in 1993.
Operations & Facilities
- It operates three recycling plants and one segregating facility in South India (Chennai / Gummidipoondi area).
- They import a large portion of their raw material (scrap metals) from overseas. Roughly 77% of raw materials are imported, about 23% sourced domestically.
Markets, Customers & Exports
- Products find customers in both India and abroad. Exports form a significant portion of revenue (about 60% exports in some reports) to countries such as Singapore, China, UAE, etc.
- Some of its clients include well-known names: Vedanta (Sterlite Copper), Luminous Power Technologies, Mitsubishi Corporation, Nissan Trading, etc.
Recent Developments / IPO Details
- The company is launching an IPO of ₹1,250 crore: ₹500 crore fresh issue + ₹750 crore offer-for-sale (OFS).
- Price band: ₹220 to ₹232 per share.
- Uses of the fresh proceeds: repayment of part of its existing debt (~₹375 crore), and the rest for general corporate purposes.
- The promoter selling portion of OFS includes shares sold by Kamlesh Jain (promoter) and Mayank Pareek.
Scale & Capacity
- As of recent reports, production / capacity and scale are large. There are multiple plants implying high throughput.
- The company has significant borrowings. For example, as of the six months ended Sept 30, 2024, its borrowings were ~₹969.7 crore.
Jain Resource Recycling Limited Financial Information
Here is a table of the Financial Information for Jain Resource Recycling Limited (restated, consolidated) for recent years, followed by some observations:
| Period Ended | 31 Mar 2025 | Mar 31 2024 | 31 Mar 2023 |
| Assets | ₹1,836.24 Crore | ₹1,528.76 Crore | ₹1,115.96 Crore |
| Total Income | ₹7,162.15 Crore | ₹4,484.84 Crore | ₹3,107.53 Crore |
| Profit After Tax | ₹223.29 Crore | ₹163.83 Crore | ₹91.81 Crore |
| EBITDA | ₹368.58 Crore | ₹227.22 Crore | ₹124.18 Crore |
| NET Worth | ₹707.46 Crore | ₹367.18 Crore | ₹196.97 Crore |
| Reserves and Surplus | ₹660.01 Crore | ₹328.13 Crore | ₹161.30 Crore |
| Total Borrowing | ₹919.92 Crore | ₹909.38 Crore | ₹732.79 Crore |
Key Observations
- Strong Revenue Growth: Revenue jumped from ~₹4,484.84 Cr in 2024 to ~₹7,162.15 Cr in 2025, which is about a 60% increase.
- Profit Growth: PAT rose from ~₹163.83 Cr in 2024 to ~₹223.29 Cr in 2025.
- EBITDA Increasing: EBITDA also showed strong growth, indicating improvement in operating profitability.
- Assets & Net Worth Expanding: Both assets and net worth have grown each year, implying company is scaling up and strengthening its equity base.
- Borrowings Relatively High but Manageable: Borrowings rose but not disproportionately. The company is using fresh issue proceeds partly for debt repayment.
Key Performance Indicator (KPI)
Here are some Key Performance Indicators (KPIs) for Jain Resource Recycling Limited IPO, drawn from public sources, along with explanations.
| KPI | Values |
|---|---|
| ROE | 40.77% |
| ROCE | 24.22% |
| Debt/Equity | 0.92 |
| RoNW | 41.56% |
| PAT Margin | 3.13% |
| EBITDA Margin | 5.17% |
| Price to Book Value | 20.44 |
Objects of the Issue (Jain Resource Recycling Limited IPO Objectives)
Here are the Objects of the Issue (i.e. how Jain Resource Recycling Limited proposes to use the proceeds from the IPO):
Objects of the Issue
- Pre-payment or scheduled repayment of certain outstanding borrowings availed by the company. Estimated amount for this purpose is approximately ₹375 Crore.
Strengths of Jain Resource Recycling Limited IPO
1) Strong Revenue and Profit Growth
- The company has shown solid growth over recent years in its revenues and profits, indicating business scale-up and increasing profitability.
2) Presence in a Critical & Growing Industry
- Non-ferrous metal recycling is an important sector globally and in India, helping in waste management, environmental sustainability, and demand for recycled metals.
3) Large Production Capacity and Facilities
- Jain Resource Recycling has multiple recycling plants and a segregating facility, giving it capability to handle large volumes of scrap and process them efficiently.
4) Diversified Customer Base, Including Exports
- The firm exports a significant portion of its products to overseas markets. This helps reduce risk from reliance on domestic demand alone.
5) Use of Funds for Debt Repayment
- Part of the IPO proceeds is earmarked for repayment of expensive debt, which could reduce interest burden, improve net profit margins and strengthen the balance sheet.
Risks of Jain Resource Recycling Limited IPO
1) Raw Material Price Volatility
- A large share of raw material (scrap metals) is imported. Prices of non-ferrous scrap globally fluctuate depending on supply, shipping, international demand. This can squeeze margins.
2) Foreign Exchange Risk
- Since many inputs are imported and revenue includes exports, fluctuations in exchange rates can affect both cost and earnings.
3) Environmental & Regulatory Risks
- The recycling industry is subject to environmental laws, waste management laws, pollution control norms. Stricter norms or delays in complying could impose extra costs or delay operations.
4) Dependency on Export Markets
- While exports are a strength, dependency means exposure to international trade policies, tariffs, trade barriers and global demand cycles.
5) High Borrowings / Leverage
- The company has significant debt. Though IPO-proceeds will partly repay debt, carrying high leverage adds financial risk, especially if interest rates rise or cash flows drop.
Jain Resource Recycling Limited Contact Details
Company / Registered & Corporate Office
- Name: Jain Resource Recycling Limited (formerly Jain Resource Recycling Pvt Ltd)
- Address:
The Lattice,
4th Floor, Old No. 7/1, New No. 20, Waddels Road,
Kilpauk, Chennai – 600010,
Tamil Nadu, India - Phone Numbers: +91-44-43409494, +91-44-42130100
- Email: info@jainmetalgroup.com
- Website: www.jainmetalgroup.com
Plant / Facility Locations
- Facility 1
Plot No. D-12, SIPCOT Industrial Complex, Gummidipondi, Chennai - Facility 2
Survey Nos. 156/2A1B, 156/2C, 156/3B, 156/2B2, 156/3A2, 156/3C2B, 156/3C3B, 156/3C1A, 156/3C2A1, 156/2B1, 156/3A1, 156/2A2, 156/2A1A, all in SIPCOT Industrial Complex, Gummidipondi, Chennai - Another Plant (Facility 2 variation)
Survey No. 155, Plot Nos. R1, R2, R3 in SIPCOT Industrial Complex, Gummidipondi, Chennai
Registrar for IPO Matters
- Registrar: KFin Technologies Limited
- Phone: +91 40-67162222
- Email: jainresource.ipo@kfintech.com
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