- Price band
- To be announcedNot in this filing
- Issue size
- ₹1,250 Cr
- Face value
- ₹2per equity share
- Lot size
- To be announcedMin. investment shown once set
- Anchor biddingTue, 2025
- OpensWed, 2025
- ClosesFri, 2025
- AllotmentMon, 2025
- ListingWed, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- —
- Offer for sale
- None
- Total issue
- —
- Face value
- ₹2
- Listing at
- NSE, BSE
- RHP date
- 18 Sept 2025
Source: Red Herring Prospectus dated 18 Sept 2025Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹7.16
- EPS (diluted)
- ₹7.16
- NAV per share
- ₹21.87
- RoNW
- 41.56%
- ROCE
- 24.22%
- Debt to equity
- 0.92
- EBITDA margin
- 5.17%
- PAT margin
- 3.13%
P/E and market cap are calculated once the price band is announced.
Source: Red Herring Prospectus dated 18 Sept 2025Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 7,125.77 | 4,428.42 | 3,064.07 |
| Total income | 7,162.15 | 4,484.84 | 3,107.53 |
| EBITDA | 368.58 | 227.22 | 124.18 |
| Profit after tax | 223.29 | 163.83 | 91.81 |
| Net worth | 707.46 | 367.18 | 196.97 |
| Reserves and surplus | 661.36 | 328.13 | 159.09 |
| Total assets | 1,836.24 | 1,528.76 | 1,115.96 |
| Total borrowing | 919.92 | 909.38 | 732.79 |
FY 2024-25 vs FY 2023-24: revenue +60.9%, profit after tax +36.3%.
Source: Red Herring Prospectus dated 18 Sept 2025Updated
About the company
The company recycles non-ferrous metal scrap and produces lead, copper and aluminium products, with recycling facilities near Chennai. It also trades non-ferrous metals and other commodities and has a subsidiary running a gold refining operation in the UAE, which has since been discontinued.
- Incorporated
- 2022
- Industry
- Metal Recycling
- Sector
- Metals and Mining
- CIN
- U27320TN2022PLC150206
- Website
- jainmetalgroup.com
Source: Red Herring Prospectus dated 18 Sept 2025Updated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Kamlesh Jain | Promoter | 79.78% | — |
| Jain Family Trust | Promoter group | 7.70% | — |
| Geetha K Jain | Promoter group | 0.54% | — |
| Mayank Pareek | Selling shareholder | 1.94% | — |
Source: Red Herring Prospectus dated 18 Sept 2025Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Prepayment or scheduled repayment of a portion of certain borrowings | 375.00 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 18 Sept 2025Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Gravita India Limited | ₹45.11 | 37.67× | 22.33% | ₹273.04 |
| Pondy Oxides & Chemicals Limited | ₹22.03 | 55.24× | 12.71% | ₹205.26 |
| Jain Resource Recycling LimitedIssuer | ₹7.16 | — | 41.56% | ₹21.87 |
Source: Red Herring Prospectus dated 18 Sept 2025Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long operating history in non-ferrous metal recycling, with a track record of profitability over the reported years.
- Recycling facilities near Chennai handle multiple metal product lines.
- Large export share of revenue and a broad customer base across international and domestic markets.
- Lead ingot is registered as a brand on the London Metal Exchange.
- Experienced management team with significant industry experience.
Risks
- A large share of revenue comes from lead and copper ingots, so lower demand for these products could hurt results.
- Significant revenue depends on top customers, many without long-term contracts, and five of the top ten customers have become inactive.
- Borrowings are large relative to equity, and the company relies on working capital facilities including foreign-currency lines.
- Pending litigation and tax proceedings against the company, its promoter, directors and subsidiaries.
- The gold refining business in the UAE was discontinued in April 2025 due to low margins and other pressures.
Source: Red Herring Prospectus dated 18 Sept 2025Updated
Contacts
Source: Red Herring Prospectus dated 18 Sept 2025Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 18 Sept 2025Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE and BSE.
Frequently asked questions
When does the Jain Resource Recycling IPO open and close?
According to the Red Herring Prospectus, the issue opens on Wednesday, 24 September 2025 and closes on Friday, 26 September 2025. These dates are tentative.
What is the Jain Resource Recycling IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Jain Resource Recycling shares list?
On NSE and BSE. The tentative listing date is Wednesday, 1 October 2025.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Jain Resource Recycling IPO allotment status?
The basis of allotment is expected to be finalised on Monday, 29 September 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹375 Cr for prepayment or scheduled repayment of a portion of certain borrowings, and the rest for the other stated purposes.
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Spotted something wrong?
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