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Allotment

Jain Resource Recycling Limited

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.

Jain Resource Recycling Limited IPO & Charts
₹232

0%

Open

₹232

HIgh - Low

₹232

Previous Close

₹232

Total Traded Value

0

52 Weeks High

₹232

52 Weeks Low

₹232

Updates On

Sep 15, 2025

IPO. Open

Sep 24, 2026

IPO. Close

Sep 26, 2026

IPO. Price

₹232.00

IPO Market price

₹8,005.99 Cr

IPO Details

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 Timeline

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

IPO Reservation

Category Offer
QIB Shares Offered 4,04,09,483
NII (HNI) Shares Offered 80,81,896
Retail Shares Offered 53,87,930

IPO Lot Size

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
About Company

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

Jain Resource Recycling Ltd. reported a 60% increase in revenue and a 36% rise in profit after tax (PAT) for the financial year ended March 31, 2025, compared to the year ended March 31, 2024.

Company Financials (Consolidated)

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

Key Performance Indicator (KPI)

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 Objective

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) -

Contact Details

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/

Detail Registrar

IPO Registrar

Kfin Technologies Ltd.
04067162222, 04079611000
jainresource.ipo@kfintech.com
https://ipostatus.kfintech.com/

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