Jain Resource Recycling IPO is scheduled to open on September 24, 2025, and will close on September 26, 2025. The basis of allotment will be finalized on September 29, 2025, while refunds and credit to Demat accounts will take place on September 30, 2025. The shares of Jain Resource Recycling are proposed to be listed on the BSE and NSE on October 1, 2025.
The Jain Resource Recycling IPO is a Book Built Issue worth around ₹1,250 crores, comprising a fresh issue of ₹500 crores and an offer for sale of up to 3,23,27,586 equity shares with a face value of ₹2 each. The price band for the IPO is fixed at ₹220 to ₹232 per share, with a lot size of 64 shares. The minimum investment for retail investors is approximately ₹14,848, while the sNII category requires 14 lots (896 shares) worth ₹2,07,872, and the bNII category requires 68 lots (4,352 shares) worth ₹10,09,664. The allocation quota is divided as 10% for retail investors, 15% for HNIs, and 75% for QIBs.
Financially, the company has shown strong growth with revenue of ₹7,162.15 crores in FY25, up from ₹4,484.84 crores in FY24. Profit after tax rose to ₹223.29 crores in FY25 from ₹163.83 crores in FY24. Based on the financials, experts suggest investors may consider applying for the IPO with a long-term perspective.
Overview of Contents
About Jain Resource Recycling IPO
Jain Resource Recycling Limited, incorporated in 2022, is involved in recycling and manufacturing non-ferrous metal products like lead, copper, aluminium, and tin ingots. The company operates three recycling facilities in Gummidipoondi, Chennai, and a gold refining facility in Sharjah, UAE, through its subsidiary JIGV. Jain Resource Recycling serves industries like lead-acid batteries, electrical and electronics, pigments, and automotive, with clients such as Vedanta Limited, Luminous Power, and Mitsubishi Corporation. The company has a strong presence in markets like Singapore, China, Japan, and South Korea. It has 411 permanent employees and is known for its profitability, experienced management, and strategic facilities.
Jain Resource Recycling IPO Overview
| Particulars | Details |
|---|---|
| Type of Issue | Book Built IPO (Fresh + OFS) |
| Total Issue Size | Approx ₹1,250 Crores |
| Fresh Issue | Approx ₹500 Crores |
| Offer for Sale (OFS) | Approx 3,23,27,586 Shares |
| Face Value per Share | ₹2 |
| Price Band | ₹220 – ₹232 per share |
| Minimum Lot Size | 64 shares |
| Investment Required (Retail) | ₹14,848 per application (based on upper price band) |
| Allocation Quota | QIB – 75% │ NII – 15% │ Retail – 10% |
| Pre-Issue Shareholding | 32,35,34,090 shares |
| Post-Issue Shareholding | 34,50,85,814 shares |
| Proposed Listing Exchanges | BSE & NSE |