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Jain Resource Recycling Ltd. IPO is a book build issue of ₹1,250.00 crores. The issue is a combination of fresh issue of 2.16 crore shares aggregating to ₹500.00 crores and offer for sale of 3.23 crore shares aggregating to ₹750.00 crores.
Jain Resource Recycling IPO bidding started from Sep 24, 2025 and ended on Sep 26, 2025. The allotment for Jain Resource Recycling IPO was finalized on Sep 29, 2025. The shares got listed on BSE, NSE on Oct 1, 2025.
Jain Resource Recycling IPO price band is set at ₹232.00 per share . The lot size for an application is 64. The minimum amount of investment required by an retail is ₹14,848 (64 shares) (based on upper price). The lot size investment for sNII is 14 lots (896 shares), amounting to ₹2,07,872, and for bNII, it is 68 lots (4,352 shares), amounting to ₹10,09,664.
Dam Capital Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Jain Resource Recycling IPO RHP for detailed Information.
| IPO Date | September 24, 2025 to September 26, 2025 |
| Listing Date | October 1, 2025 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹220 to ₹232 per share |
| Issue Price Final | ₹232 per share |
| Lot Size | 64 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 5,38,79,309 shares (aggregating up to ₹1,250.00 Cr) |
| Fresh Issue | 2,15,51,724 shares (aggregating up to ₹500.00 Cr) |
| Offer for Sale | 3,23,27,585 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 offers total 5,38,79,309 shares. Out of which 4,04,09,483 (75.00%) allocated to QIB, 1,61,63,794 (30.00%) allocated to QIB (Ex- Anchor), 80,81,896 (15.00%) allocated to NII 53,87,930 (10.00%) allocated to RII and 2,42,45,689 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 4,04,09,483 (75.00%) | NA |
| − Anchor Investor Shares Offered | 2,42,45,689 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,61,63,794 (30.00%) | NA |
| NII (HNI) Shares Offered | 80,81,896 (15.00%) | NA |
| − bNII > ₹10L | 53,87,931 (10.00%) | 6,013 |
| − sNII < ₹10L | 26,93,965 (5.00%) | 3,006 |
| Retail Shares Offered | 53,87,930 (10.00%) | 84,186 |
| Total Shares Offered | 5,38,79,309 (100.00%) |
Jain Resource Recycling IPO raises ₹562.50 crore from anchor investors. Jain Resource Recycling IPO Anchor bid date is September 23, 2025. Jain Resource Recycling IPO Anchor Investors list
| Bid Date | September 23, 2025 |
| Shares Offered | 2,42,45,689 |
| Anchor Portion Size (In Cr.) | 562.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 28, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 27, 2025 |
Jain Resource Recycling IPO opens on September 24, 2025, and closes on September 26, 2025.
| 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 |
Investors can bid for a minimum of 64 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 64 | ₹14,848 |
| Retail (Max) | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
Jain Resource Recycling Ltd.'s revenue increased by 60% and profit after tax (PAT) rose by 36% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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 as of Mon, Mar 31, 2025.
| 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 |
| Market Capitalization | 8005.99 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.90 | 6.47 |
| P/E (x) | 33.62 | 35.86 |
The Company Jain Resource Recycling IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] JRRL is engaged in recycling and producing non-ferrous metals that primarily covers Lead, Copper, Aluminium. In a short span, it has created a niche place as recyclers in metals. It is operating in a highly competitive and fragmented segment. Based on its recent financial data, the issue appears fully priced. Well-informed investors can park funds for medium to long term. Read detail review...
| Listing Date | October 1, 2025 |
| BSE Script Code | 544537 |
| NSE Symbol | JAINREC |
| ISIN | INE0YD401026 |
| Final Issue Price | ₹232 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B (Rolling) |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹232.00 | ₹232.00 |
| Open | ₹323.00 | ₹319.94 |
| Low | ₹297.60 | ₹295.90 |
| High | ₹346.85 | ₹346.70 |
| Last Trade | ₹304.95 | ₹304.58 |
Jain Resource Recycling Ltd.
The Lattice, Old no 7/1, New No 20,
4th Floor, Waddles Road,
Kilpauk, Chennai, Tamil Nadu – 600010, India
Chennai, Tamil Nadu, 600010
Phone: 044 4340 9494
Email: cs@jainmetalgroup.com
Website: http://www.jainmetalgroup.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: jainresource.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Jain Resource Recycling IPO is a main-board IPO of 5,38,79,309 equity shares of the face value of ₹2 aggregating up to ₹1,250.00 Crores. The issue is priced at ₹232 per share. The minimum order quantity is 64.
The IPO opens on September 24, 2025, and closes on September 26, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Jain Resource Recycling IPO using UPI as a payment gateway. Zerodha customers can apply in Jain Resource Recycling IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jain Resource Recycling IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jain Resource Recycling IPO opens on September 24, 2025 and closes on September 26, 2025.
Jain Resource Recycling IPO lot size is 64, and the minimum amount required for application is ₹14,848.
You can apply in Jain Resource Recycling IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Jain Resource Recycling IPO will be done on Monday, September 29, 2025, and the allotted shares will be credited to your demat account by Tuesday, September 30, 2025. Check the Jain Resource Recycling IPO allotment status.
The Jain Resource Recycling IPO listing date is on Wednesday, October 1, 2025.
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