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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹1250.00 Cr |
| Fresh Issue | ₹500.00 Cr |
| Offer for Sale | ₹750.00 Cr |
| Face Value | ₹2 Per Equity Share |
| Price Band | ₹220.00-232.00 per share |
| BSE Code | 544537 |
| NSE Code | JAINREC |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | ICICI Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 64 shares and in multiples thereof
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:
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.
Competitive Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company. | 375.00 |
| 2 | General corporate purposes. | 59.11 |
| 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 | 161.30 |
| Total Borrowing | 919.92 | 909.38 | 732.79 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.90 | 6.47 |
| P/E (x) | 33.62 | 35.86 |
| Promoter Holding | 89.96% | 74.97% |
| Market Cap | ₹8005.99 Cr. | |
