Jain Resource Recycling IPO

About Jain Resource Recycling IPO

The IPO of Jain Resource Recycling Ltd comprises a fresh issue and an offer for sale. The fresh issue size is pegged at ₹500 crores, while the offer for sale aggregates up to ₹750 crores. It’s a 100% book-built issue. The total offer size is ₹1250 crores. The price band is ₹220-₹232 per share and the lot size is 64. The IPO opens on September 24, 2025 and closes on September 26, 2025.

The listing date is on or about October 1, 2025 and the allotment date is on or about September 29, 2025. The credit of shares to the Demat account will take place on or about September 30, 2025, while the initiation of refund will take place on or about September 30, 2025.

Jain Resource Recycling Ltd is primarily focused on manufacturing of non-ferrous metal products by way of recycling of non-ferrous metal scrap. Its product portfolio comprises (i) lead and lead alloy ingots; (ii) copper and copper ingots; and (iii) aluminium and aluminium alloys.

Objectives of Jain Resource Recycling IPO

The company proposes to utilise the IPO proceeds for:

• Prepayment or scheduled repayment of a portion of certain outstanding borrowings availed by the company
  
• General corporate purposes
  

Industry Outlook

The metals recycling industry in India has gained significant momentum due to a series of government initiatives aimed at fostering sustainable industrial practices, boosting domestic manufacturing, and enhancing raw material security.

These schemes cover a broad spectrum of end-use industries such as infrastructure, automotive, electronics, and energy, all of which are key consumers of recycled metals. The government's focus on creating a circular economy and reducing dependency on imported materials has positioned metal recycling as a critical component in India’s growth strategy.

To increase the share of secondary smelting and refining of scrap in India (now at a mere 1%), the government has mandated that all new products made from non-ferrous metals must contain a minimum of 5% recycled content starting from the financial year 2028. This requirement is a part of a detailed roadmap towards reducing industrial waste, with the target progressively increasing to 10% in FY29. By FY31, the government has set a target of achieving at least 10% recycled content for aluminium products, 20% for copper and 25% for zinc.

Jain Resource Recycling Ltd Company Information

With a rich legacy spanning seven decades, Jain Metal Group has established itself as a pioneer in the recycling and production of non-ferrous metals in India. The company is primarily focused on manufacturing of non-ferrous metal products by way of recycling of non-ferrous metal scrap. Its product portfolio comprises lead and lead alloy ingots, copper and copper ingots, aluminium and aluminium alloys.

Strengths of Jain Resource Recycling IPO

• 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
  

Risks of Jain Resources Recycling IPO

• Loss of sales due to reduction in demand for key products could adversely affect business
  
• Loss of any of any top 10 customers may adversely affect revenues and profitability
  
• Failure to comply with quality standards may lead to cancellation of existing and future orders
  
• Disruptions in the supply or availability of the scraps or fluctuations in their prices may have an adverse impact on business operations
  
• Disruption or shortage of essential utilities could disrupt operations and increase production costs
  
• Failure to compete effectively may have an adverse impact on business
  
• Failure to successfully diversify may adversely affect business
  
• Failure by any of transportation providers could result in loss in sales
  

IPO Registrar and Book Running Lead Managers

IPO Registrar: KFin Technologies Ltd

Book Running Lead Managers: DAM Capital Advisors Ltd, ICICI Securities Ltd, Motilal Oswal Investment Advisors Ltd and PL Capital Markets Pvt Ltd

Business Model

A rich legacy spanning seven decades, Jain Resource Recycling Ltd’s product portfolio comprises lead and lead alloy ingots, copper and copper ingots and aluminium and aluminium alloys.

It caters to customers in various industries including lead acid battery, electrical and electronics, pigments, and automotive. Its clientele includes Vedanta Limited-Sterlite Copper, Luminous Power Technologies Private Limited and Yash Resources Recycling Limited and global customers such as Mitsubishi Corporation RtM Japan and Nissan Trading Co.

Jain Resource Recycling Ltd Company Growth Trajectory

The revenues of Jain Resource Recycling Ltd grew from ₹2849.599 crores in FY 22 to ₹4428.418 crores in FY 24. Its EBITDA margin grew from 4.09% in FY 22 to 5.13% in FY 24, while PAT margin grew from 3.05% in FY 22 to 3.70% in FY 24. Strategically located recycling facilities, strong customer base and an experienced management team have propelled the company's growth over the years.

Market Position

Jain Resource Recycling Ltd is amongst the two recycling companies in India to get its lead ingot registered as a brand by the London Metal Exchange, which provides it a distinct advantage of access to a broader customer base by offering products compliant with international quality standards along with the benefit of LME reference pricing with respect to supply of its products in global markets.

It has an extensive global footprint across major overseas geographies including Singapore, China, Japan and South Korea.

How to Check Jain Resource Recycling IPO?

Visit the Registrar’s Website

• Visit the official website of Kfin Technologies Ltd
  
• Click on ‘IPO Allotment Status’ from ‘Investors’ under ‘Products’ dropdown
  
• Click on any one of the links
  
• Choose the company name and enter either your application number, Demat account or PAN number
  
• Enter captcha and click on ‘Submit’
  

Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Choose the Issue Type
  
• Select the Issue Name from dropdown
  
• Put in either your application number or PAN number
  
• Check the box ‘I’m not a robot’
  
• Click on ‘Search’ to know allotment status
  

Check on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. You can use it to check the status of Jain Resource Recycling Ltd. Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Company name from dropdown
  
• Application number
  
• PAN
  Then click 'Submit' to know the allotment status.
  

How to Apply for Jain Resource Recycling IPO?

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
  
• Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  
• Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.