Jain Resource Recycling Limited IPO

Jain Resource Recycling Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹220 - ₹232

Total Issue

₹1,250.00 Cr

Bid Dates

24 Sep - 26 Sep

Subscription

15.90x

Est. GMP

₹17 (7.33%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

The Jain Metal Group is a player in India’s non-ferrous metal recycling and production sector. It specializes in recycling non-ferrous scrap and manufacturing lead and lead alloy ingots, copper and copper ingots, and aluminium and aluminium alloys. Its operations are supported by 3 Recycling Facilities located at SIPCOT Industrial Estate, Chennai, with a combined actual production capacity of 308,306 MTPA as of July 31, 2025. Notably, its lead ingots are registered as a brand on the London Metal Exchange, enabling access to a global customer base with internationally recognized quality standards. In addition to recycling, it is also engaged in the trading of non-ferrous metals and other commodities.

Lot Info

Lot Information for Jain Resource IPO
Category 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

Category Reservation

QIB 75%
NII 15%
Ret 10%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹1,250.00 Cr
Fresh Issue
₹500.00 Cr (2.16 Cr Shares)
Offer For Sale
₹750.00 Cr (3.23 Cr Shares)

Objects of Issue

  1. Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company
  2. General Corporate Purposes

Grey Market Premium

GMP ₹17
Est. Price ₹249
Est. Gain 7.33%

Jain Resource IPO Peer Comparison

(Rs. in crores)

Jain Resource IPO Peer Comparison Table
Particulars Jain Resource Gravita India Pondy Oxides
Revenue from Ops (in Crs.) 7,125.77 3,868.77 2,056.91
PAT (In Crs.) 223.29 312.90 58.06
EPS - Basic 7.16 45.11 21.08
NAV per share 21.87 273.04 205.26
RONW 41.56% 22.33% 12.71%
EBITDA 5.17% 8.38% 5.10%
PAT Margin 3.13% 8.09% 2.82%
Price to earning (PE) 32.40 37.67 55.24
Debt to Equity 0.92 -0.06 0.12
  • All information pertains to FY 2024-25.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 3, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Jain Resource IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 7,125.77 4,428.42 3,064.07
Profit after Tax 223.29 163.83 91.81
Net Worth 707.46 367.18 196.97
Total Borrowing 919.92 909.38 732.79
Total Assets 1,836.24 1,528.76 1,115.96
NAV per share (in ₹) 21.87 11.35 6.09
EPS - Basic (in ₹) 7.16 5.29 2.98

KPIs

EBITDA

5.17%

PAT

3.13%

ROE

40.77%

ROCE

24.22%

Net Debt to Equity

0.92

PE Ratio

32.40

PB Ratio

10.61

Mkt Cap (in Crs.)

8,005.99

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

89.96%

Public

10.04%

Kamlesh Jain 79.78%
Mayank Pareek 1.94%
Jain Family Trust 7.70%
Geetha K Jain 0.54%

Management

Kamlesh Jain Chairman & MD
Mayank Pareek Joint MD
Hemant Shantilal Jain CFO

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Subscription Status

Updated as on 26-Sep-2025 19:00:00

Mainboard Subscription Status for Jain Resource IPO
Category Sub (x) Offered Bids
QIB 26.67 1,61,63,794 43,10,49,600
NII 5.59 80,81,897 4,51,44,896
bHNI 5.50 53,87,931 2,96,40,576
sHNI 5.76 26,93,966 1,55,04,320
Retail 3.81 53,87,931 2,05,50,848
Total 16.76 2,96,33,622 49,67,45,344

Frequently Asked Questions

What is Jain Resource IPO?
Jain Resource IPO is a Mainboard IPO having an issue size of ₹1,250.00 Crs. Jain Resource IPO is priced at ₹220 - ₹232 per share. The issue opens on 24 Sep 25 and closes on 26 Sep 25.
When will Jain Resource IPO open?
Jain Resource IPO opens on 24 Sep 25 and closes on 26 Sep 25.
What is the GMP of Jain Resource IPO?
The estimated Grey Market Premium of Jain Resource IPO is ₹17 per share (7.33%).
What is the lot size of Jain Resource IPO?
The minimum lot size of Jain Resource IPO is 64 shares & the minimum application amount is Rs. 14848.
When is the allotment of Jain Resource IPO?
The allotment date of Jain Resource IPO is 29 Sep 25.
What is the listing date of Jain Resource IPO?
The listing date of Jain Resource IPO is 01 Oct 25.
What is the subscription of Jain Resource IPO?
Jain Resource IPO is subscribed 15.90 times.
What is the price band of Jain Resource IPO?
Jain Resource IPO is priced at ₹220 - ₹232 per share.
How to check allotment status of Jain Resource IPO?
Click the allotment link on Jain Resource IPO page of IPO360.
How to apply Jain Resource IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Jain Resource IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Jain Resource IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Jain Resource IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date