by Suman Gupta
Jain Resource Recycling IPO Price Band Set At Rs. 220 – 232 Per Share.
Bid Offer will open on Wednesday, September 24, 2025 and close on Friday, September 26, 2025 (“Bid Dates”). The Anchor Investor Bid / Offer Period shall be Tuesday, September 23, 2025.
Bids can be made for a minimum of 64 Equity Shares and in multiples of 64 Equity Shares thereafter. (“No. of Bids”)
RHP Link: https://www.damcapital.in/files/pdf/638938312697259049_Jain_Resource_RHP.pdf
MUMBAI, SEPTEMBER, 2025:Jain Resource Recycling IPO price band has been fixed in the range of Rs. 220 to Rs. 232 per equity share of the face value of Rs. 2. Jain Resource Recycling IPO date of subscription begins on Wednesday, September 24 and closes on Friday, September 26. The allocation to anchor investors for the mainboard IPO is scheduled to take place on Tuesday, 23 September.
The floor price and the cap price are 110 times and 116 times the face value of the equity shares, respectively. Jain Resource Recycling IPO lot size is 64 equity shares, and in multiples of 64 equity shares thereafter.
In Jain Resource Recycling IPO, not less than 75% of the shares are reserved for qualified institutional buyers (QIB), not more than 15% for non-institutional investors (NII), and not more than 10% of the offer is reserved for retail investors.
The company is seeking to raise Rs. 1,250 crore through this offering.The IPO comprises a fresh issue of equity shares aggregating to Rs 500 crore and an Offer For Sale (OFS) valued at Rs 750 crore.
The OFS comprises sale of shares worth Rs 715 crore by promoter Kamlesh Jain and Rs 35 crore by shareholder Mayank Pareek.
Out of the proceeds from the fresh issue, Rs. 375 crore will be utilised to settle existing loans. The remaining funds will be directed towards general corporate purposes, aimed at improving the company’s operational capabilities and fostering future growth initiatives.
The firm has secured unsecured loans at an interest rate of 12% from the Promoter and Mayank Pareek, totalling Rs. 45.5 crore. DAM Capital Advisors, ICICI Securities, Motilal Oswal Investment Advisors and PL Capital Markets are the book-running lead managers to the issue, while Kfin Technologies serves as the registrar for the issue.
Jain Resource Recycling was established as a private limited company on February 25, 2022. The business was first formed in 1953 as a partnership under the name Jain Metal Rolling Mills and underwent reconstitution in 1993.
The company purchases scrap metals, including copper, lead, aluminum, and a portion of precious metals, with 23% sourced from India and the remaining 77% imported.
These metals are extracted, refined, and transformed into usable products such as copper cathodes, lead ingots, and aluminum items. Exports contribute to 60% of the company’s revenue.
Jain Resource Recycling operates three recycling facilities and one segregating facility in South India. Competitors in the industry include Gravita and Pondy Oxides.
For the six-month period ending September 30, 2024, Jain Resource Recycling reported revenues of Rs. 2,888.6 crore and a profit after tax of Rs. 112.1 crore. As of that date, the company’s net worth was Rs. 481.8 crore, with total borrowings reaching Rs. 969.7 crore.Jain Resource Recycling is primarily focused on the manufacturing of non-ferrous metal products through the recycling of non-ferrous metal scrap.
The company’s product portfolio comprises lead and lead alloy ingots; copper and copper ingots; and aluminium and aluminium alloys.
The company partnered with Ikon Square Ltd UAE for the purposes of setting up its gold refining facility in Sharjah UAE. It is also engaged in the trading of non-ferrous metals and other commodities.
