IPO

Jain Resource Recycling Limited IPO

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Diversified Metals

Listed On: Oct 1, 2025 at ₹ 265.05(NSE)

₹ 14848 /64 Shares

Check Allotment

24 Sep, 2025

Open Date

26 Sep, 2025

Close Date

29 Sep, 2025

Allotment Date

01 Oct, 2025

Listing Date
Price Summary

Last Closing

384.40 (65.69%)

52 Week High

413.66

52 Week Low

247.57

Last Update

31-Oct-2025 3:30 PM
Jain Resource Recycling IPO Live Subscription Details
View Subscription Details
QIB 26.67x
Retail 3.81x
NIIs 5.59x
BHNI 5.50x
SHNI 5.76x
Retail 3.81x
Total 16.76x
Last updated: 26 Sep 2025, 06:55 PM
Jain Resource Recycling IPO Issue Details
  • Issue Price ₹220 - ₹232 per equity share
  • Face Value ₹2 Per Equity Share
  • Total Issue Size 5,38,79,310 shares(aggregating up to ₹1250 crore)
  • Fresh Share 2,15,51,724 shares(aggregating up to ₹500 crore)
  • Offer For Sale 3,23,27,586 shares(aggregating up to ₹750 crore)
  • Listing at BSE, NSE
  • List Price 265.05(NSE)
  • Listing Date 2025-10-01
  • Lead Manager Dam Capital Advisors Ltd
    ICICI Securities Ltd
    Motilal Oswal Investment Advisors Ltd
    PL Capital Markets Pvt Ltd
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 64 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min) 164₹14,848
Retail(max)13832₹1,93,024
SHNI(min) 14896₹2,07,872
SHNI(max) 674,288₹9,94,816
BHNI(min) 684,352₹10,09,664
Jain Resource Recycling IPO Reservation

Jain Resource Recycling IPO offers total 5,38,79,311 shares. Out of which 1,61,63,794 (32.5%) allocated to QIB, 80,81,897 (15%) allocated to NII,53,87,931 (10%) allocated to RII, NA (NA%) allocated to employees and 2,42,45,689 (42.5%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered2,42,45,689 (42.5%)
QIB Shares Offered1,61,63,794 (32.5%)
NII (HNI) Shares Offered80,81,897 (15%)
bNII < ₹10L53,87,931 (10%)
sNII < ₹10L26,93,966 (5%)
Retail Shares Offered53,87,931 (10%)
Total Shares Offered5,38,79,311 (100%)
Jain Resource Recycling IPO Documents
DRHP
RHP
ANCHOR
Jain Resource Recycling IPO Details


Jain Resource Recycling IPO is a book-built issue of ₹1250 crores, The total issue size is ₹1250 crores. The IPO of Jain Resource Recycling is priced at ₹220-232 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Sep 24, 2025 and ends on Sep 26, 2025. The allotment for Jain Resource Recycling IPO will be finalized on Sep 29, 2025. Jain Resource Recycling IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 1, 2025. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Retail investors can bid for a minimum of 64 shares, extendable to 14,848. S-HNIs will be able to bid for 896 shares at ₹2,07,872, while B-HNIs can also apply for a bid of 4,352 shares at ₹10,09,664. The book-running lead manager for the IPO is/are Dam Capital Advisors Ltd, ICICI Securities Ltd, Motilal Oswal Investment Advisors Ltd, PL Capital Markets Pvt Ltd.

The total issue ₹1250 crore, comprising a fresh issue of 2,15,51,724 shares ₹500 crore and having Offer for Sale (OFS) of 3,23,27,586 shares to mop up ₹750 crore.

The Jain Resource Recycling IPO sets its price band at 220-232 for each share. A single application for Jain Resource Recycling Limited IPO must contain at least 64 shares. Sentiment investors need to invest a minimum of 64 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,848 In order to participate in the sNII, investors must purchase at least 14 lots of 896 shares for ₹2,07,872, while the bNII requires 68 lots of 4,352 shares for an investment of ₹10,09,664.

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Jain Resource Recycling IPO Subscription Analysis And Details
Retail
3.81x
QIB
26.67x
NII
5.59x
bNII
5.50x
sNII
5.76x
Total
16.76x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved1,61,63,79480,81,897
53,87,931    26,93,966		53,87,9312,96,33,622
Day 1 24-09-25 05:00 PM
1.17 x0.12
0.09 x   0.19 x		0.54 x0.77 x
Day 2 25-09-25 05:00 PM
1.70 x0.52
0.36 x   0.83 x		1.35 x1.31 x
Day 3 26-09-25 05:00 PM
26.67 x5.59
5.50 x   5.76 x		3.81 x16.76 x
Total No of Applications
3,04,586
Subscription on the basis of Applications
Retail:3.34x BHNI:1.12x SHNI:5.60x
Jain Resource Recycling Valuations
EPS Pre IPO ₹6.90
EPS Post IPO ₹6.47
P/E Pre IPO 33.62
P/E Post IPO 35.86
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
Jain Resource Recycling Company Financials
In Crs.
In Cr.
31-Mar-2531-Mar-2431-Mar-23
Assets1,836.241,528.761,115.96
Revenue7,162.154,484.843,107.53
Profit After Tax223.29163.8391.81
Net Worth707.46367.18196.97
Reserves & Surplus660.01328.13161.30
Total Borrowing919.92909.38732.79
About Jain Resource Recycling Company

Jain Resource Recycling Limited was registered as a private limited company on February 25, 2022. The company was initially set up in 1953 in the form of a partnership firm as Jain Metal Rolling Mills and was restructured in 1993.

The company deals with the recycling and manufacturing of non-ferrous metal products. Its product line consists of lead and lead alloy ingots, copper and copper ingots, and aluminium and aluminium alloys.The company has three recycling units at SIPCOT Industrial Estate, Gummidipoondi, Chennai. The units recycle different kinds of metal scrap such as copper (birch, druid), lead (radio, relay, rains, rinks) and aluminium (tread, talon, tense). A gold refinery unit was also inaugurated on August 19, 2024, in Sharjah Airport International Free Zone (SAIF-Zone), UAE, under its subsidiary JIGV.

Jain Resource Recycling Limited exports its products to industries like lead-acid battery, electrical and electronics, pigments, and automobile. Customers are domestic and overseas businesses like Vedanta Limited-Sterlite Copper, Luminous Power Technologies Private Limited, Yash Resources Recycling Limited, Mitsubishi Corporation RtM Japan, and Nissan Trading Co.The firm has a presence in international markets such as Singapore, China, Japan, and South Korea. Export revenue represented 50.06% of total revenue for the six months ended September 30, 2024, and more than 50% of total revenue during Fiscal 2022, 2023, and 2024.

As of January 31, 2025, the firm had a total of 403 full-time employees.

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Jain Resource Recycling - Promoter(s)

Kamlesh Jain

Pre Issue Share Holding : 89.96%

Post Issue Share Holding : N/A%

Jain Resource Recycling IPO - Issue Objectives
1

Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company.

2

General corporate purposes.

Jain Resource Recycling IPO - Anchor Investors

Jain Resource Recycling raises Rs 562.5 crore through anchor book before Rs 1,250-crore IPO.

Some of the global marquee names such as Goldman Sachs, Abu Dhabi Investment Authority, Optimix Wholesale Global Emerging Markets Share Trust, BNP Paribas, Societe Generale, Citigroup Global, Nomura Singapore, and East Capital were in the anchor book.

Domestic institutional investors like HDFC AMC, Axis MF, Motilal Oswal AMC, Bandhan Mutual Fund, Helios MF, Tata AIA Life Insurance, Nuvama, Singularity AMC, SBI General Insurance, ICICI Lombard General Insurance, and Edelweiss Life Insurance also invested in Jain Resource Recycling under the anchor book.

Contact Details

Jain Resource Recycling

The Lattice, Old no 7/1, New No 20, 4th Floor, Waddles Road, Kilpauk, Chennai, Tamil Nadu – 600010, India

044 4340 9494

cs@jainmetalgroup.com

http://www.jainmetalgroup.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

jainresource.ipo@kfintech.com

https://ipostatus.kfintech.com/