IPO Issue Details
Issue Price / Price Band₹232 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size64 Shares per Lot
Total Issue Size5,38,79,310 shares (aggregating up to ₹1,250.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 24 Sep 2025
Subscription CloseFri, 26 Sep 2025
Anchor AllotmentTue, 23 Sep 2025
Basis of AllotmentMon, 29 Sep 2025
Initiation of RefundsTue, 30 Sep 2025
Credit of Shares to DematTue, 30 Sep 2025
Listing DateWed, 01 Oct 2025
UPI Mandate Deadline2025-09-26
Application & Investment Details
Retail — Min (1 Lots)₹14,848 — 64 shares
Retail — Max (13 Lots)₹193,024 (13 Lots)
HNI — Min (3 Lots)₹44,544 — 192 shares
EPS (Pre-IPO)₹6.90
EPS (Post-IPO)₹6.47
P/E Ratio (Pre-IPO)33.62x
P/E Ratio (Post-IPO)35.86x
Pre-IPO Promoter Holding32,35,34,090 shares
Post-IPO Promoter Holding34,50,85,814 shares
Fresh Issue Shares2,15,51,724 shares (aggregating up to ₹500.00 Cr)
Offer for Sale Shares3,23,27,586 shares of ₹2 (aggregating up to ₹750.00 Cr)
About Jain Resource Recycling Ltd
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.Products Portfolio:Lead & Lead Alloy IngotsCopper & Copper IngotsAluminium & Aluminium AlloysTin IngotsPlasticThe 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.Competitive 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 products lines.Strong customer base with global footprint and deep sourcing capabilities.Application of Hedging Mechanism for Commodity Price Risk Protection for ProductsExperienced management team and qualified personnel with significant industry experience.
Shareholding & Lock-in
Pre-IPO Promoter Holding
32,35,34,090 shares
Post-IPO Promoter Holding
34,50,85,814 shares
IPO Subscription Status
Listed on 01 Oct 2025
Final subscription figures recorded below
Open Date
24 Sep 2025
Wed
Close Date
26 Sep 2025
Fri
Allotment
29 Sep 2025
Mon
UPI Mandate Deadline: 2025-09-26
Important Dates
Subscription OpensWed, 24 Sep 2025
Subscription ClosesFri, 26 Sep 2025
Anchor AllotmentTue, 23 Sep 2025
Basis of AllotmentMon, 29 Sep 2025
Initiation of RefundTue, 30 Sep 2025
Demat CreditTue, 30 Sep 2025
Listing DateWed, 01 Oct 2025
UPI Mandate Deadline2025-09-26
Lot Size & Investment Table
| Application | Lots | Shares | Amount |
|---|
| Retail (Min — 2 Lots) |
2 |
128 |
₹29,696 |
| Retail (Max — 13 Lots) |
13 |
832 |
₹193,024 |
| S-HNI (Min — 14 Lots) |
14 |
896 |
₹207,872 |
| S-HNI (Max — 66 Lots) |
66 |
4,224 |
₹979,968 |
| B-HNI (Min — 67 Lots) |
67 |
4,288 |
₹994,816 |
* Issue Price ₹232 × Lot Size 64 shares
Company Financials — Restated Consolidated
(Amount in ₹ Crore)
| Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
| Revenue from Operations |
7162.15 |
4484.84 |
3107.53 |
| EBITDA |
368.58 |
227.22 |
124.18 |
| Profit After Tax (PAT) |
223.29 |
163.83 |
91.81 |
| Net Worth |
707.46 |
367.18 |
196.97 |
| Total Assets |
1836.24 |
1528.76 |
1115.96 |
| Reserves & Surplus |
660.01 |
328.13 |
161.30 |
| Total Borrowings |
919.92 |
909.38 |
732.79 |
| EBITDA Margin (%) |
5.17% |
— | — |
| PAT Margin (%) |
3.13% |
— | — |
Key Ratios & Valuation
Issue Price₹232
Face Value₹2 Per Share
Price / Book Value (P/BV)20.44
Return on Equity (RoE)40.77%
Return on Capital Employed (RoCE)24.22%
Return on Net Worth (RoNW)41.56%
PAT Margin (%)3.13%
EBITDA Margin (%)5.17%
Debt / Equity Ratio0.92
Issue Structure & Shareholding
Total Shares OfferedNot Available
Net Offer to PublicNot Available
Reserved for Market MakerNot Available
Pre-Issue Promoter Holding32,35,34,090 shares
Post-Issue Promoter Holding34,50,85,814 shares
Script CodeNot Available
Objects of the Issue
Jain Resource Recycling Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI:
Issue Composition & Shareholding
Issue TypeBookbuilding IPO
Sale TypeFresh Capital-cum-Offer for Sale
Total Shares OfferedNot Available
Net Offer to PublicNot Available
Reserved for Market MakerNot Available
Pre-Issue Promoter Holding32,35,34,090 shares
Post-Issue Promoter Holding34,50,85,814 shares
