Jain Resource Recycling was incorporated on February 25, 2022. The company manufactures non-ferrous metal products by recycling scrap, including lead, copper, and aluminium alloys. It is one of only two Indian recyclers with LME (London Metal Exchange) - registered lead ingots, enabling global market access and pricing advantages
| Bidding Dates |
|---|
| 24 Sep 2025 - 26 Sep 2025 |
| Subscription |
|---|
| 15.9x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,080 | 1 | 13 | 64 | 53.9 M | ₹220 - ₹232 | 73.59 % | ₹11853.4 M - ₹12500.0 M | RHP DOC |
Jain Resource Recycling IPO SUBSCRIPTION STATUS
26 Sep '25Jain Resource Recycling IPO overall subscription rate was 15.9 times the total available shares
Jain Resource Recycling IPO retail subscription rate was 3.62 times in the retail segment
Jain Resource Recycling IPO non-institutional investor subscription rate was 5.3 times in the non-institutional investor category
Jain Resource Recycling IPO Qualified Institutional Bidder subscription rate was 25.29 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
26 Sep 2025 (Day 3) | 3.62x | 5.3x | 25.29x |
25 Sep 2025 (Day 2) | 1.28x | 0.49x | 1.61x |
24 Sep 2025 (Day 1) | 0.54x | 0.12x | 1.11x |
Jain Resource Recycling FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 7,125.8 | 223.3 | 3.6 | -30.1 | 5.2% |
| FY24 | 4,428.4 | 163.8 | 33.4 | 8.4 | 5.1% |
| FY23 | 3,064.1 | 91.8 | 10.9 | -11.2 | 4.1% |
Jain Resource Recycling IPO SUBSCRIPTION STATUS DETAILS
Jain Resource Recycling had 53.9 M shares on offer
Jain Resource Recycling IPO offer price was in the range ₹220 - ₹232
Jain Resource Recycling IPO minimum Investment was ₹14080
Jain Resource Recycling IPO issue size was ₹ 11853.4 M - ₹ 12500.0 M
Jain Resource Recycling had a minimum lot size of 64 Shares per application
Jain Resource Recycling NUMBER OF SHARES ON OFFER
Jain Resource Recycling IPO IMPORTANT DATES
| Issue Open Date | 24 Sep 2025 |
| Issue close Date | 26 Sep 2025 |
| Allotment Date | 29 Sep 2025 |
| Refund Date | 30 Sep 2025 |
| Demat Account Credit Date | 30 Sep 2025 |
| Listing Date | 01 Oct 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Jain Resource Recycling Allotment Status | Exchange/ Registrar |
Jain Resource Recycling IPO subscription opened on 24 Sep 2025, and closed on 26 Sep 2025
IPO allotment for Jain Resource Recycling was finalized on Monday, 29 Sep 2025
IPO listing for Jain Resource Recycling was on NSE and BSE on Wednesday, 01 Oct 2025
Jain Resource Recycling IPO LISTING GAINS
| Issue Price (adjusted) | 232.0 |
| Listing Open Price | 265.1 |
| Listing Close Price | 318.1 |
| Listing Gain% | 14.3% |
| Current Gain% | 32.9% |
Jain Resource Recycling Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jain Resource Recycling Ltd. | 308.4 | 10642.4 | 29.6 | 0.5 | 1 | 22.3 | 10.3 | 9571.5 | 33.6 | 348.8 | 55.5 | 10.4 | 60.3 |
| Hindustan Zinc Ltd. | 603 | 254786.7 | 14.9 | 0.2 | 5.4 | 61.1 | 32.6 | 41934 | 19.6 | 13832 | 33.6 | 40.4 | 66.6 |
| Gravita India Ltd. | 1732.1 | 12784.4 | 32.6 | 2.1 | 2.7 | 15.4 | 11.1 | 4342.2 | 9.1 | 378.8 | 21.3 | 53.1 | 15.8 |
| Pondy Oxides & Chemicals Ltd. | 481.7 | 3674.3 | 25.8 | 0.3 | 1.1 | 16.7 | 13.4 | 2964 | 43.9 | 131.9 | 127.1 | 18.7 | 102.9 |
| Nile Ltd. | 1551.8 | 465.8 | 7.3 | 0.2 | 0.4 | 17.5 | 15.6 | 1044.6 | 13.6 | 55.3 | 52 | 211.3 | 47 |
| Jainam Ferro Alloys (I) Ltd. | 235 | 275.2 | 42.2 | 4.4 | 3.2 | 211.8 | -6.6 | 6.5 | -34.8 | 5.6 |
Jain Resource Recycling INFORMATION ON IPO ISSUE
About Jain Resource Recycling
Jain Resource Recycling was incorporated on February 25, 2022. The company manufactures non-ferrous metal products by recycling scrap, including lead, copper, and aluminium alloys. It is one of only two Indian recyclers with LME (London Metal Exchange) - registered lead ingots, enabling global market access and pricing advantages
Object of the Issue
- Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company
- General corporate purposes
Jain Resource Recycling - PROMOTERS
| Name |
|---|
| Kamlesh Jain |
Jain Resource Recycling - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Kamlesh Jain | Chairman and Managing Director |
| Mayank Pareek | Joint Managing Director |
| Hemant Shantilal Jain | Executive Director & Chief Financial Offer |
| Kandaswamy Paramasivan | Independent Director |
| Jayaramakrishnan Kannan | Independent Director |
| Rajendra Kumar Prasan | Independent Director |
| Revathi Raghunathan | Independent Director |
Jain Resource Recycling Book Running Lead Managers
DAM Capital Advisors Limited
ipo.jainresource@damcapital.in
ICICI Securities Limited
jainresource.ipo@icicisecurities.com
Motilal Oswal Investment Advisors Limited
ipo.jainresource@motilaloswal.com
PL Capital Markets Private Limited
jainmetalsipo@plindia.com
Jain Resource Recycling Registrar to the Offer
KFin Technologies Limited
jain.ipo@kfintech.com
Jain Resource Recycling Strengths
Geographical advantage
The company operates three recycling facilities in Chennai over 26.9 acres, enabling integrated and centralized operations. Their strategic setup allows by-product reuse and shared resources like labs and technical expertise
Strong global footprint
The company has a strong international presence, complementing its domestic business and driving growth. As of September 30, 2024, it exported to over 20 countries, including Singapore, Japan, China, and South Korea
Price risk protection
The company’s profitability is influenced by fluctuations in base metal prices on the London Metal Exchange (LME). To manage this risk, it uses futures derivative contracts on the LME for hedging
Jain Resource Recycling Risks
Quality standards
The company must meet strict quality standards, requiring significant expenses. Non-compliance could lead to order cancellations, impacting reputation and financial performance
Dependent on contract labour
The company hires contract labour through independent contractors for fixed periods. Delays, failures, or non-renewal of these arrangements could impact timely and cost-effective product delivery
Dependent on vendors for transport
The company relies on road and sea transport for raw material procurement and product delivery, using both owned and third-party vehicles. It signs short-term logistics contracts, 3 to 6 months for domestic and around a year for international providers
IPO FAQs
This IPO consists of an offer for sale of up to Rs 750.0 crore, of 32,327,586 shares. It also consists of a fresh issue of Rs 500.0 crore.
The promoter of the company is Kamlesh Jain.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 220.0 - 232.0.
The IPO application opens on Sep 24, 2025 and closes on Sep 26, 2025.
The minimum lot size for the IPO is 64. The maximum lot size for the IPO is 832.
For all category investors, the minimum application amount for this IPO is Rs. 14,080.0, the maximum value for this IPO is Rs 193,024.0.
This IPO will be allotted on Sep 29, 2025.
The refund will be credited to your account on Sep 30, 2025.
The allotted shares will be credited to your demat on Sep 30, 2025.
Jain Resource Recycling Ltd.’s shares listed on the stock exchanges on Oct 01, 2025.