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Jain Resource Recycling IPO
Jain Resource Recycling Ltd is opening its book-built IPO from September 24 to 26, 2025. The IPO has a price band of ₹220 to ₹232 per share with a face value of ₹2. The issue size of Jain Resource Recycling IPO is ₹1,250 crore, comprising a fresh issue of ₹500 crore and an offer for sale (OFS) worth ₹750 crore. The minimum lot size is 64 shares, costing approximately ₹14,848 at the lower band. Shares will list on NSE and BSE on or around October 1, 2025. KFin Technologies is the registrar of the issue.
Company Background
Incorporated in 2022 and headquartered in Chennai, Tamil Nadu, Jain Resource Recycling is a waste management and recycling company focused on recycling and recovery of non-ferrous metals such as lead, copper and aluminium. It operates three recycling units in industrial estates across India and a gold refining facility in Sharjah, UAE, through its subsidiary. The company supplies recycled metal products to industries including lead-acid batteries, electrical and electronics, pigments and the automotive sectors. It caters to clients domestically and internationally, including reputed companies like Vedanta, Luminous Power, Mitsubishi and Nissan Trading.
Operations And Product Range
Facility And Production
The company runs three major recycling facilities at SIPCOT Industrial Estate, Gummidipoondi, Chennai, equipped to handle different grades of metal scrap. It uses advanced processes for metal purification and alloying to produce high-quality recycled metals. The gold refining plant is located in the Sharjah Airport International Free Zone (SAIF-Zone), UAE. The company complies with environmental and pollution control regulations in all operational units.
Brands And Market Presence
Although operating in B2B markets rather than consumer branding, Jain Resource Recycling is well-recognised in its industry through established relationships with major metal consumers. The company’s products and services reach customers in India as well as global markets like Singapore, China, Japan and South Korea. Its strong supply chain and quality control help maintain trust and long-term contracts.
Revenue Channels
- ⦁ Recycling and sale of lead and lead alloy products.
- ⦁ Copper scrap processing and sales.
- ⦁ Aluminium scrap recycling and alloy sales.
- ⦁ Gold refining and related services through subsidiary operations.
- ⦁ Supply to lead-acid battery, electronics, pigment and automotive industries.
- ⦁ Export sales to international markets, including the Asia-Pacific region.
Management And Shareholding
Promoters And Shareholding
Promoters Kamlesh Jain and Mayank Pareek have significant ownership and operational control. They have steered the company through expansion phases and managed investor relations ahead of the IPO. The promoter group continues to focus on strategic growth, operational efficiency and compliance.
Board Members
The board comprises promoter directors along with independent professionals providing oversight on audit, corporate governance and risk management. Committees for nomination, remuneration and stakeholder relationships align with regulatory guidelines to ensure transparency and accountability as the company transitions to a publicly listed entity.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Jain Resource Recycling IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Jain Resource Recycling IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 24, 2025 to September 26, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹220 to ₹232 per share |
| Lot Size | 64 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 5,38,79,310 shares (aggregating up to ₹1,250.00 Cr) |
| Fresh Issue | 2,15,51,724 shares (aggregating up to ₹500.00 Cr) |
| Offer for Sale | 3,23,27,586 shares of ₹2 (aggregating up to ₹750.00 Cr) |
| 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 |
Jain Resource Recycling IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wed, Sep 24, 2025 |
| IPO Close Date | Fri, Sep 26, 2025 |
| Tentative Allotment | Mon, Sep 29, 2025 |
| Initiation of Refunds | Tue, Sep 30, 2025 |
| Credit of Shares to Demat | Tue, Sep 30, 2025 |
| Tentative Listing Date | Wed, Oct 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 26, 2025 |
Jain Resource Recycling IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 64 | ₹14,848 |
| Retail (Min) | 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 IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 89.96% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- ⦁ Strong presence in the recycling of critical non-ferrous metals with a diverse product mix.
- ⦁ Operations spread across multiple well-equipped facilities and an international gold refining unit.
- ⦁ Leadership by experienced promoters with deep industry understanding.
- ⦁ Established relationships with reputed industrial clients domestically and overseas.
- ⦁ Focus on compliance with environmental and pollution controls supporting sustainable operations.
Jain Resource Recycling IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 1,836.24 | 7,162.15 | 223.29 | 707.46 | 919.92 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 1,529 | 4,485 | 164 | 367 | 909 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 1,115.96 | 3,107.53 | 91.81 | 196.97 | 732.79 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.9 | 6 |
| P/E (x) | 33.62 | 36 |
Objectives of Jain Resource Recycling IPO
- ⦁ Utilisation of ₹375 crore from fresh issue to repay existing debt and improve financial health.
- ⦁ Fund general corporate purposes, including technology, infrastructure and human resources.
- ⦁ Support growth and expansion in recycling capacities and international trade operations.
- ⦁ Enhance working capital to handle larger volumes and project execution.
Conclusion
Jain Resource Recycling IPO presents an opportunity to invest in a growing metal recycling company with integrated operations in India and overseas. The firm’s focus on sustainability, compliance and quality positions it well in a niche but vital industrial segment. The large IPO size reflects investor interest in sustainable resource management themes and the company’s long-term growth potential. Investors should carefully read the prospectus and consider risk factors before participation.
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Frequently asked Questions (FAQs )
-
What are the Jain Resource Recycling IPO dates and price band?
The IPO opens from September 24 to 26, 2025, with a price band of ₹220 to ₹232 per share.
-
How large is the IPO and the minimum investment?
₹1,250 crore issue size; minimum lot of 64 shares costing about ₹14,848
-
What business does the company operate?
Recycling and resource recovery of non-ferrous metals such as lead, copper, aluminium and gold refining.
-
Who are the promoters?
Kamlesh Jain and Mayank Pareek, with significant operational and ownership roles.
-
Where are the company’s facilities?
Three recycling plants in Chennai and a gold refining unit in Sharjah, UAE.
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What are the Jain Resource Recycling IPO objectives?
Debt repayment, corporate purposes, recycling capacity expansion and working capital enhancement.
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