Allotment

Jain Resource Recycling Ltd.’s IPO is a book-built issue aggregating to ₹1,250.00 crore, comprising a fresh issue of 2.16 crore equity shares amounting to ₹500.00 crore and an offer for sale (OFS) of 3.23 crore equity shares totaling ₹750.00 crore.
The IPO opened for subscription on September 24, 2025, and closed on September 26, 2025. The basis of allotment was finalized on September 29, 2025, and the equity shares were listed on the BSE and NSE on October 1, 2025.
The IPO was offered in a price band of ₹232 per share. The lot size was fixed at 64 equity shares. Accordingly, the minimum investment for retail investors was ₹14,848 (64 shares at the upper price band).
For Non-Institutional Investors (NIIs):
Small NII (sNII): Minimum application of 14 lots (896 shares), amounting to ₹2,07,872
Big NII (bNII): Minimum application of 68 lots (4,352 shares), amounting to ₹10,09,664
DAM Capital Advisors Ltd. acted as the Book Running Lead Manager, while KFin Technologies Ltd. served as the Registrar to the Issue.
₹2320%
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Total Traded Value
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Updates On
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IPO Market price
| IPO Date | 1 Oct |
| IPO Listing Date | 1 Oct |
| IPO Face Value | ₹2 per share |
| IPO Price Range | ₹232.00 |
| IPO Issue Size | 5,38,79,309 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 32,35,34,090 shares |
| IPO Open Date | 24 Sep |
| IPO Close Date | 26 Sep |
| IPO Allotment (Tentative) | 29 Sep |
| Refunds | 30 Sep |
| Credit to Demat Account | 30 Sep |
| IPO Listing Date | 1 Oct |
| Category | Offer |
|---|---|
| QIB Shares Offered | 4,04,09,483 |
| NII (HNI) Shares Offered | 80,81,896 |
| Retail Shares Offered | 53,87,930 |
Investors can bid for a minimum of 64 shares, with additional shares to be purchased in multiples of 64.
| Application | Lots | Share | 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 |
Incorporated in 2022, Jain Resource Recycling Limited is engaged in the recycling and manufacturing of non-ferrous metal products. The company’s product portfolio includes lead and lead alloy ingots, copper and copper ingots, aluminium and aluminium alloys, tin ingots, and plastic products.
The company operates three recycling facilities located at the SIPCOT Industrial Estate, Gummidipoondi, Chennai. These facilities are equipped to process a wide range of metal scrap, including copper (birch, druid), lead (radio, relay, rains, rinks), and aluminium (tread, talon, tense). In addition, the company operates a gold refining facility in the Sharjah Airport International Free Zone (SAIF-Zone), UAE, through its subsidiary, JIGV.
Jain Resource Recycling Limited supplies its products to diverse end-use industries such as lead-acid batteries, electrical and electronics, pigments, and automotive. Its customer base includes leading 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.
The company has established a presence in global markets, including Singapore, China, Japan, and South Korea. As of July 31, 2025, Jain Resource Recycling Limited employed 411 permanent personnel.
Competitive Strengths
Proven track record of profitability and consistent financial performance in an industry with high entry barriers
Strategically located recycling facilities with multi-product processing capabilities
Strong and diversified customer base with a global footprint and robust sourcing capabilities
Effective use of hedging mechanisms to mitigate commodity price risks
Experienced management team supported by skilled and qualified personnel with deep industry expertise
| 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 | 161.3 |
| Total Borrowing | 919.92 | 909.38 | 732.79 |
| 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 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 59.11 |
| 4 | Offer for Sale (OFS) | - |
Jain Resource Recycling Ltd. Address
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/
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
jainresource.ipo@kfintech.com
https://ipostatus.kfintech.com/