Jain Resource Recycling IPO: Price, Analysis, Allotment, And GMP

Jain Resource Recycling IPO - Company Analysis

Jain Resource Recycling IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 1,250 Cr by Jain Resource Recycling Ltd. (JRRL), and is a prominent player in the recycling, refining, and manufacturing of metal. It is a member of the Jain Metal Group. The company operates recycling and refining facilities as well as companies such as Jain Ikon Global Ventures (UAE) and Jain Green Technologies Pvt. Ltd.

JRRL is concentrated on worldwide trade, alloy production, and sustainable recycling.

 

Products Portfolio:

• Lead & Lead Alloy Ingots

• Copper & Copper Ingots

• Aluminium & Aluminium Alloys

• Tin Ingots

• Plastic

 

Jain Resource Recycling IPO Details

The Jain Resource Recycling Ltd IPO open date is from Sep 24 to Sep 26, with IPO allotment on Sep 29, refund initiation on Sep 30, 2025.

The Rs. 1,250 Cr mainline IPO comprises a combination of fresh issue of 2.16 crore shares (Rs. 500 Cr) and an offer for sale (OFS) of 3.23 crore shares (Rs. 750 Cr). 

The Jain Resource Recycling IPO listing date might be on Wednesday, 01 October 2025, and it will be listed at the BSE and NSE. The Jain Resource Recycling IPO price band is Rs. 220 to Rs. 232 for each Share. 

Events	Date
IPO Opening Date	Sep 24, 2025
IPO Closing Date	Sep 26, 2025
IPO Allotment Date	Sep 29, 2025
Refund Initiation	Sep 30, 2025
Tentative IPO Listing Date	Oct 01, 2025

 

Industry Outlook

By FY 2030, the lead recycling industry is expected to grow at a compound annual growth rate (CAGR) of 5.4-6.4%.

If you want to apply for the IPO, click to open a Demat Account.

 

 

Company Financial 

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	1,836.24	1,528.76	1,115.96
Total Revenue	7,162.15	4,484.84	3,107.53
PAT	223.29	163.83	91.81
EBITDA	368.58	227.22	124.18
Net Worth	707.46	367.18	196.97
Borrowings	919.92	909.38	732.79

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in millions)

Net Cash Flow In Multiple Activities	FY25	FY24	FY23
Net Cash Flow Operating Activities	35.82	333.62	108.66
Net Cash Flow Investing Activities	(259.67)	(933.68)	(86.53)
Net Cash Flow Financing Activities	(354.32)	1,358.93	31.99

 

Revenue Bifurcation 

Sales-wise Revenue Breakdown

 

Country-wise Revenue Breakdown

 

Segment-wise Revenue Breakdown

(Source -RHP)

The Objective of The Issue

• Partial prepayment or planned repayment of some of the company's outstanding borrowings.  ~ Rs. 3,750 Mn.

• General corporate purposes.

Click to check the IPO application status.

Listed Peers of Jain Resource Recycling Ltd.

Company Name	Face Value (Rs. per Share)	EPS (Rs.)	P/E (x)
Gravita India Limited	2	45.11	37.67
Pondy Oxides & Chemicals Limited	5	22.03	55.24

 

Valuation

Metric	Value
ROE	40.77%
ROCE	24.22%
Debt/Equity	0.92
RoNW	41.56%
PAT Margin	3.13%
EBITDA	5.17%
PB Value	20.44

 

 

Evaluation of P/E Ratio

Considering the period of FY 2025, with an EPS of Rs. 7.16 from the last year, the resulting P/E ratio is 32.40x. When compared with the industry’s average P/E of 46.45x, it indicates a justified price bid (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors

Explore the Seshaasai Technologies IPO.

IPO's Strengths

• Jain Metal Group has been a trusted brand for more than 30 years.

• Robust product diversity in roofing, CPVC, metals, etc.

• Promoter knowledge and existing connections in the business.

• India's expanding housing and infrastructure are driving demand.

 

IPO’s Weaknesses

• Exposure to fluctuations in the price of raw materials (related to metals and crude oil).

• Eastern India is the region's focus.

• Fierce rivalry between peers.

• High demands for working capital and pressure on leverage.

 

Jain Resource Recycling IPO GMP 

Jain Resource Recycling IPO GMP today is Rs. 17 as of 22 Sep 2025, while writing this information. Hence, the Jain Resource Recycling IPO listing price (estimated) might be Rs. 249 (upper price + current GMP or grey market premium).

 

Jain Resource Recycling Limited IPO Summary

IPO Opening & Closing Date	Sep 24, 2025 to Sep 26, 2025
Face Value	Rs. 2 per Share
Issue Price	Rs. 220 to Rs. 232
Lot Size	64 Shares
Issue Size	5,38,79,310 Shares (Rs. 1,250 Cr)
Offer for Sale	3,23,27,586 Shares (Rs. 750 Cr)
Fresh Issue	2,15,51,724 Shares (Rs. 500 Cr)
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	Kfin Technologies Ltd.

 

 
Jain Resource Recycling IPO Lot Size

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (64 Shares) amounting to Rs. 14848 and 13 Lots (832 Shares) amounting to Rs. 1,93,024, respectively, while for S-HNI investors, the minimum Lot is 14 (896 Shares) amounting to Rs. 2,07,872.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
SHNI (Minimum)	14 Lots
SHNI (Maximum)	67 Lots
BHNI (Minimum)	68 Lots

Jain Resource Recycling IPO Reservation

Institutional Share Portion	75%
Retail Investors' Share Portion	10%
Non-Institutional Shares Portion	15%

 

Jain Resource Recycling IPO Allotment Status

To check the Jain Resource Recycling IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

 

Promoters And Management of Jain Resource Recycling Ltd.

• Kamlesh Jain

Pre-Issue Promoter Shareholding	89.96%
Post-Issue Promoter Shareholding	-

 

Jain Resource Recycling IPO Lead Managers

• Dam Capital Advisors Ltd. 

 

 

Dividend Policy

The company has not paid a dividend during the last three fiscal years.

Conclusion

The company Jain Resource Recycling Ltd. has a solid track record, steady finances, and promoter experience. In line with its expansion into recycling and infrastructure-related products, the Jain Resource Recycling IPO proceeds are intended for working capital and corporate reasons. Investors should exercise caution due to the company's significant debt, margin pressure, and raw material volatility, even though the price appears acceptable.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.