IPO Details
Bidding Dates
24 Sept 25 - 26 Sept 25
Price Range ₹
220 - 232
Total Equity
₹ 0.00Cr
Lot Size
64
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
3.62×
Qualified Institutional Buyers
25.29×
Employees
0.00×
Retail Investors
3.62×
Total subscription Rate
15.90×
IPO Timeline
Offer start
24 Sept 2025
Offer end
26 Sept 2025
Allotment
29 Sept 2025
Refund initiation
30 Sept 2025
Demat transfer
30 Sept 2025
Listing
01 Oct 2025
Offer start
24 Sept 2025
Offer end
26 Sept 2025
Allotment
29 Sept 2025
Refund initiation
30 Sept 2025
Demat transfer
30 Sept 2025
Listing
01 Oct 2025
About Company
Incorporated in 2022, Jain Resource Recycling Limited is engaged in recycling and manufacturing non-ferrous metal products, including lead & lead alloy ingots, copper ingots, aluminium & aluminium alloys, tin ingots, and plastics. The company operates three recycling facilities in SIPCOT Industrial Estate, Gummidipoondi (Chennai), and a gold refining facility in the Sharjah Airport International Free Zone (SAIF-Zone), UAE, through its subsidiary JIGV. Key Clients & Sectors: Serves lead-acid battery, electrical, electronics, pigments, and automotive industries. Customers include Vedanta-Sterlite Copper, Luminous Power, Yash Resources Recycling, Mitsubishi Corporation Japan, and Nissan Trading Co. Exports to Singapore, China, Japan, South Korea. Employees: 411 permanent employees (as of July 31, 2025).
Year Founded
01-04-1953
Promotor Details
Kamlesh Jain
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 88.01 | 0 |
| Share Capital | 284758425 | 0 |
Highlights
- Revenue growth of 60% and PAT growth of 36% in FY25 reflects operational expansion and demand resilience.
- ROE at ~41% and ROCE at ~24% indicate efficient use of capital.
- Supplies multiple non-ferrous metals to both domestic leaders (Vedanta, Luminous) and global giants (Mitsubishi, Nissan).
- Plants in India plus a UAE subsidiary strengthen export opportunities and global reach.
- Use of commodity price hedging reduces volatility from fluctuating global metal prices.
Challenges
- PAT margin only 3.13% and EBITDA margin at 5.17%, leaving limited cushion against commodity price swings.
- Post-IPO P/E at ~36x and P/BV ~20.44, expensive compared to industry peers.
- Debt/Equity at 0.92; though manageable, reliance on debt may rise if expansion continues aggressively.
- Business highly sensitive to global prices of lead, copper, and aluminium.
- Incorporated only in 2022; shorter operational track record compared to established peers may concern conservative investors.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 15,287.55 | 410.26 | 918.10 | 918.19 | 4.591 |
| 2025 | 18,362.37 | 647.07 | 2,232.87 | 2,243.36 | 6.9339 |
| 2023 | 11,159.55 | 400.00 | 918.10 | 918.19 | 4.591 |
