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Jain Resource Recycling IPO
Price Band
₹220.0–232.0
Issue Size
₹1250.0 Cr
Lot Size
64 shares
Min Investment
₹14,848
GMP
+₹13.0 (5.6%)
Issue Price
₹232.0
Subject to Sauda
₹600
Paid only if allotted
Jain Resource Recycling IPO AI Summary
- Jain Resource Recycling IPO is listed on BSE, NSE in the Diversified Metals sector.
- Price band: ₹220.0–₹232.0 per share, lot size 64 shares (min. investment ₹14,848).
- Subscription window: 24 Sep–26 Sep 2025, listing on 01 Oct 2025.
- Current GMP is +₹13.0 (5.6%), an estimated listing price of ₹245 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Jain Resource Recycling IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Sep 2025 — not a current signal.
2 of 2 reviewers say Neutral
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Jain Resource Recycling IPO Grey Market Premium (GMP) Today
GMP
+₹13.0
GMP %
+5.6%
Est. Listing
₹245.0
Updated: 25 Jul 2026 14:12
About the Company
Incorporated in 2022, Jain Resource Recycling Limited is engaged in the recycling and manufacturing of non-ferrous metal products. Its product portfolio includes lead and lead alloy ingots, copper and copper ingots, and aluminium and aluminium alloys. The company operates three recycling facilities located at SIPCOT Industrial Estate, Gummidipoondi, Chennai. These facilities process various types of metal scrap, including copper (birch, druid), lead (radio, relay, rains, rinks), and aluminium (tread, talon, tense). A gold refining facility in Sharjah Airport International Free Zone (SAIF-Zone), UAE, through its subsidiary JIGV. Jain Resource Recycling Limited supplies its products to sectors such as lead-acid battery, electrical and electronics, pigments, and automotive. Clients include domestic and international companies such as Vedanta Limited-Sterlite Copper, Luminous Power Technologies Private Limited, Yash Resources Recycling Limited, Mitsubishi Corporation RtM Japan, and Nissan Trading Co. Products Portfolio: Lead & Lead Alloy Ingots Copper & Copper Ingots Aluminium & Aluminium Alloys Tin Ingots Plastic The company has a presence in global markets including Singapore, China, Japan, and South Korea. As of July 31, 2025, the company had a total of 411 permanent employees. Competitive Strengths: 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 Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1,836.24 | 1,528.76 | 1,115.96 |
| Total Income | 7,162.15 | 4,484.84 | 3,107.53 |
| Profit After Tax | 223.29 | 163.83 | 91.81 |
| EBITDA | 368.58 | 227.22 | 124.18 |
| NET Worth | 707.46 | 367.18 | 196.97 |
| Reserves and Surplus | 660.01 | 328.13 | 161.30 |
| Total Borrowing | 919.92 | 909.38 | 732.79 |
Key Ratios
EPS
₹6.90
NAV
₹21.87
ROE
40.77%
ROCE
24.22%
RoNW
41.56%
P/B Value
20.44
P/E Ratio
33.62
Market Cap
₹8005.99 Cr
PAT Margin
3.13%
Debt/Equity
0.92
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Pondy Oxides & Chemicals Limited | 205.26 | 12.71% | 55.24 | 22.03 | 21.08 |
| Gravita India Limited | 273.04 | 22.33% | 37.67 | 45.11 | 45.11 |
| Jain Resource Recycling Ltd. This IPO | 21.87 | 41.56% | — | 7.16 | 7.16 |
Promoters
Kamlesh Jain
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company. 375.00 2 General Corporate Purposes 59.11 3 Issue Expenses 65.89 Total 500.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹3,107.53 Cr in the year ended 31 Mar 2023, rising to ₹4,484.84 Cr by 31 Mar 2024, and further increasing to ₹7,162.15 Cr by 31 Mar 2025. This indicates a strong upward trend in revenue over the three periods.
Profit Trend
Profit after tax was ₹91.81 Cr for the year ending 31 Mar 2023, increasing to ₹163.83 Cr by 31 Mar 2024, and reaching ₹223.29 Cr by 31 Mar 2025. This shows a consistent growth in profitability across the periods.
Valuation
At the issue price of ₹232.0, Jain Resource Recycling's implied P/E ratio is approximately 33.62, compared to peers trading at P/E ratios ranging from 37.67 to 55.24.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the price at which shares of an IPO are traded in the grey market before they are officially listed. A positive GMP suggests that the market expects the stock to list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies might want to avoid investing in IPOs like this, which can be more volatile and uncertain.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make if the stock price rises on its first day of trading. However, there is no guarantee of such gains, and prices can fluctuate significantly after listing, posing risks to investors.
This evaluation is generated from Jain Resource Recycling's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Jain Resource Recycling IPO GMP today?
Jain Resource Recycling IPO GMP today is +₹13.0 (5.6%), indicating an estimated listing price of ₹245. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Jain Resource Recycling IPO?
The price band of Jain Resource Recycling IPO is ₹220.0–₹232.0 per share.
When does Jain Resource Recycling IPO open and close?
Jain Resource Recycling IPO opens on 24 September 2025 and closes on 26 September 2025.
When does Jain Resource Recycling IPO list on the stock exchange?
Jain Resource Recycling IPO listed on 01 October 2025 at ₹245.0.
What is the lot size for Jain Resource Recycling IPO?
The lot size for Jain Resource Recycling IPO is 64 shares, requiring a minimum investment of ₹14,848.
What is the lot size for Jain Resource Recycling's IPO?
The lot size is 64 shares.
What is the minimum investment required?
The minimum investment required is ₹14,848.
What is the price band for the IPO?
The price band is between ₹220.0 and ₹232.0.
When is the listing date for the IPO?
The listing date is 1st October 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price at which the shares will list on the stock exchange.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Sep 2025
Close
26 Sep 2025
Allotment
29 Sep 2025
Listing
01 Oct 2025
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