Bookbuilding IPO | ₹1,250 Cr | Listed at BSE, NSE | Wed, Sep 24, 2025 - Fri, Sep 26, 2025
Jain Resource Recycling 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 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 Open
Wed, Sep 24, 2025
IPO Close
Fri, Sep 26, 2025
Issue Price
₹232 per share
Market Cap (Pre-IPO)
₹8,005.99 Cr
| IPO Date | 24 to 26 Sep, 2025 |
| Listed on | Wed, Oct 1, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹220 to ₹232 |
| Issue Price | ₹232 per share |
| Lot Size | 64 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,38,79,309 shares (agg. up to ₹1,250 Cr) |
| Fresh Issue | 2,15,51,724 shares (agg. up to ₹500 Cr) |
| Offer for Sale | 3,23,27,585 shares of ₹2 (agg. up to ₹750 Cr) |
| Share Holding Pre Issue | 32,35,34,090 shares |
| Share Holding Post Issue | 34,50,85,814 shares |
| BSE Script Code / NSE Symbol | 544537 / JAINREC |
| ISIN | INE0YD401026 |
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 | Max 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%) |
Investors can bid for a minimum of 64 shares and in multiples thereof.
| 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 |
Jain Resource Recycling IPO raises ₹562.50 crore from anchor investors. Jain Resource Recycling IPO Anchor bid date is September 23, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Sep 23, 2025 |
| Shares Offered | 2,42,45,689 |
| Anchor Portion (₹ Cr.) | 562.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Oct 28, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Dec 27, 2025 |
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 | |||
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 |
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.90 | 6.47 |
| P/E (x) | 33.62 | 35.86 |
| Promoter Holding | 89.96% | 74.97% |
| Market Cap | ₹8,005.99 Cr. |
The Jain Resource Recycling IPO is subscribed 16.76 times on September 26, 2025 5:04:54 PM (Day 3). The public issue subscribed 3.81 times in the retail category, 26.67 times in the QIB category, and 5.59 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 26.67 | 1,61,63,794 | 43,10,49,600 |
| NII | 5.59 | 80,81,897 | 4,51,44,896 |
| bNII (bids above ₹10L) | 5.50 | 53,87,931 | 2,96,40,576 |
| sNII (bids below ₹10L) | 5.76 | 26,93,966 | 1,55,04,320 |
| Retail | 3.81 | 53,87,931 | 2,05,45,984 |
| Total | 16.76 | 2,96,33,622 | 49,67,40,480 |
Total Application : 3,01,605
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM including underwriting commission, brokerage and selling commission, as applicable | 42.33 |
| 2 | Brokerage, selling commission, bidding charges, and processing fees for SCSBs (1)(2) and Bidding Charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.67 |
| 3 | Fees payable to the Registrar to the Offer | 0.02 |
| 4 | Other expenses: | |
| 5 | Listing fees, SEBI filing fees, book building software fees, NSDL and CDSL fee and other regulatory expenses | 4.95 |
| 6 | Printing and stationery expenses | 0.99 |
| 7 | Fees payable to the Statutory Auditor, industry service provider, independent chartered accounts, independent chartered engineers etc | 2.02 |
| 8 | Advertising and marketing expenses for the Offer | 3.09 |
| 9 | Fees payable to legal counsels | 3.53 |
| 10 | Miscellaneous | 7.29 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹232.00 | ₹232.00 |
| Open | ₹265.25 | ₹265.05 |
| Low | ₹247.80 | ₹247.57 |
| High | ₹318.25 | ₹318.06 |
| Last Trade | ₹318.25 | ₹318.06 |
Lead Manager Reports
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 Crores. The issue is priced at ₹232 per share. The minimum order quantity is 64.
The IPO opens on Wed, Sep 24, 2025, and closes on Fri, Sep 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 Wed, Sep 24, 2025 and closes on Fri, Sep 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 Tue, Sep 30, 2025. Check the Jain Resource Recycling IPO allotment status.
The Jain Resource Recycling IPO listing date is on Wed, Oct 1, 2025.
