Jain Resource Recycling Limited is engaged in the recycling and manufacturing of non-ferrous metal products.
The company specializes in recycling and producing non-ferrous metals, with a diverse product mix that includes:
- Lead and Lead Alloy Ingots
- Copper and Copper Ingots
- Aluminium and Aluminium Alloys
These products serve critical industries such as lead-acid batteries, electrical and electronics, pigments, and automotive.
JRRL operates three advanced recycling facilities at SIPCOT Industrial Estate, Gummidipoondi, Chennai, where it processes a wide range of metal scrap, including copper (birch, druid), lead (radio, relay, rains, rinks), and aluminium (tread, talon, tense). Further strengthening its global presence, the company established a gold refining facility on August 19, 2024, at the Sharjah Airport International Free Zone (SAIF-Zone), UAE, through its subsidiary Jain Ikon Global Ventures (JIGV).
JRRL caters to a wide network of domestic and international clients, including Vedanta Limited – Sterlite Copper, Luminous Power Technologies Pvt. Ltd., Yash Resources Recycling Ltd., Mitsubishi Corporation RtM Japan, and Nissan Trading Co.
The company also has a strong global presence, with exports to Singapore, China, Japan, and South Korea. Notably, exports have consistently contributed over 50% of total revenue in Fiscal 2022, 2023, 2024, as well as for the six-month period ending September 30, 2024.
As of January 31, 2025, JRRL employed 403 permanent staff, supporting its large-scale recycling and refining operations.
Jain Resource Recycling IPO – Details
| IPO Opening Date | 24 September 2025 |
| IPO Closing Date | 26 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 5,38,79,310 Shares Worth ₹1,250.00 Crore Fresh Issue: 2,15,51,724 Shares Worth ₹500.00 Crore Offer For Sale: 3,23,27,586 Shares Worth ₹7,50.00 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹220 – ₹232 per share |
| Market Lot | 64 Shares |
| Min Order | 64 Shares [ 1 Lot ] |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Jain Resource Recycling IPO – Date Schedule
| IPO Open Date | 24 September 2025 |
| IPO Close Date | 26 September 2025 |
| Basis of Allotment | 29 September 2025 |
| Initiation of Refund | 30 September 2025 |
| Credit of Shares to Demat Account | 30 September 2025 |
| IPO Listing Date | 01 October 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2025 |
Jain Resource Recycling IPO – Lots Size & Price
| 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 |
Competitive Strength
- Track record of profitability and consistent financial performance in an industry with significant entry barriers;
- Strategically located Recycling Facilities with capabilities to handle multiple products lines;
- Strong customer base with global footprint and deep sourcing capabilities;
- Application of hedging mechanism for commodity price risk protection for products;
- Experienced management team and qualified personnel with significant industry experience;
Company Promoters
- Kamlesh Jain
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | ₹2,880.34 Cr | ₹2,757.87 Cr | ₹86.80 Cr | ₹750.86 Cr |
| 31 March 2023 | ₹3,107.53 Cr | ₹2,983.90 Cr | ₹91.81 Cr | ₹732.79 Cr |
| 31 March 2024 | ₹4,484.84 Cr | ₹4,270.24 Cr | ₹163.83 Cr | ₹909.38 Cr |
| 31 March 2024 | ₹7,162.15 Cr | ₹6,857.32 Cr | ₹223.29 Cr | ₹919.92 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| 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 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company. | ₹375.00 |
| General corporate purposes. |
Jain Resource Recycling IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 2 | Gravita India Limited | 37.67 |
| 2 | 5 | Pondy Oxides & Chemicals Limited | 55.24 |
✅Strengths
- Flexible facilities for diverse non-ferrous products.
- Wide portfolio – lead, copper, aluminium, gold refining.
- Serves multiple sectors: batteries, electronics, automotive, infrastructure.
- Vertically integrated recycling reduces supply chain risks.
- Strong domestic & global client base (Vedanta, Mitsubishi, Nissan).
⚠️Risks
- Heavy dependence on imported scrap.
- Exposure to metal price volatility.
- Regulatory & environmental compliance risks.
- All plants concentrated in Chennai (location risk).
- Pending tax and duty disputes.
Jain Resource Recycling IPO Promoter Holding
| Pre Issue Share Holding | 88.01% |
| Post Issue Share Holding | 73.59% |
Jain Resource Recycling IPO Prospectus
Company Contact Information
| Jain Resource Recycling Ltd. 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/ |
Jain Resource Recycling IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: jain.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Jain Resource Recycling IPO Lead Manager(s)
| 1. ICICI Securities Limited 2. DAM Capital Advisors Limited 3. PL Capital Markets Private Limited 4. Motilal Oswal Investment Advisors Limited |
Jain Resource Recycling IPO FAQs
| What is Jain Resource Recycling IPO? Jain Resource Recycling IPO is a main-board IPO. The issue is priced at ₹220 to ₹232 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will Jain Resource Recycling IPO open? The IPO is to open on 24 September 2025 for QIB, NII, and Retail Investors. |
| What is Jain Resource Recycling IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| What is Jain Resource Recycling IPO Size? Jain Resource Recycling IPO size is ₹1,250.00 Crore. |
| What is the Jain Resource Recycling IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 64 Shares with ₹14,848, while the maximum bid is 832 Shares with ₹1,93,024. |
| What is the Jain Resource Recycling IPO Allotment Date? Jain Resource Recycling IPO allotment date is 29 September 2025. |
| What is the Jain Resource Recycling IPO Listing Date? Jain Resource Recycling IPO listing date is 01 October 2025. The IPO is to be listed on BSE and NSE. |
