India’s recycling industry is entering a high-growth phase as the demand for sustainable raw materials keeps climbing. Reports suggest that the India Recycling Market is projected to expand at a CAGR of 8.53% and reach USD 1.34 billion by 2030. Rising costs of primary metals and a global shift toward circular economies are further increasing opportunities for companies operating in this space.
Taking advantage of this, the Jain Resource Recycling Mainboard IPO has decided to go public. The company, which recycles non-ferrous metals such as copper, lead, and aluminium, is coming out with its first-ever IPO worth ₹1,250 crore. Key factors like the Jain Resource Recycling IPO GMP, lot size, price band, and subscription status are being closely tracked as investors evaluate its debut.
Check complete details of the Jain Resource Recycling IPO in India including lot quantity, pricing, GMP updates, and more right here!
Jain Resource Recycling IPO Details
Here are the key Jain Resource Recycling IPO review figures, including issue size, price band, lot size, and listing information that every investor should know:
| IPO opening date | 24th Sep 2025 |
| IPO closing date | 26th Sep i2025 |
| Face value | ₹2 per equity share |
| Price band | ₹220–₹232 per share |
| Issue price | ₹232 per share |
| IPO lot size | 64 shares |
| Sale type | Fresh Capital-cum-Offer for Sale |
| Offer for sale | Approx. 3,23 crore equity shares |
| Fresh issue | Nearly. ₹500.00 Cr |
| Issue type | Book Built Issue |
| Listing at | Proposed listing on NSE and BSE; |
| Total issue size | 5,38,79,310 shares (aggregating up to ₹1,250.00 Cr) |
| Reserved for market maker | Undisclosed |
| Net offeree to public | Undisclosed |
| Minimum investment | ₹14,848 |
| Retail discount | Undisclosed |
Jain Resource Recycling IPO Timeline
The Jain Resource Recycling IPO timeline shows all the important dates such as:
| IPO open date | 24 September 2025 |
| IPO close date | 26 September 2025 |
| Provisional allotment | 29 September 2025 |
| Refund initiation | 30 September 2025 |
| Credit of shares to denat | 30 September 2025 |
| Provisional listing date | 1 October 2025 |
| Discontinuation date for UPI request validation | 26 September 2025, 5 PM |
Jain Resource Recycling IPO Grey Market Premium (GMP Today)
The grey market premium (GMP) gives an early hint of market sentiment ahead of listing.
The latest Jain Resource Recycling Ipo gmp today
as is as follows:
| Date | GMP (₹) | Estimated Listing Price |
| 22 Sept 2025 (12:30 pm) | ₹17 | ₹249 |
Jain Resource Recycling IPO Reservation
The share allocation criteria across investor categories for the IPO looks like:
| Market maker shares offered | Undisclosed |
| QIB shares offered | Not below nearly 75% from the offer |
| NII (HNI) shares offered | Not above 15% from the issue. |
| Retail shares offered | Not above 10% from the offer. |
| Total shares offered | 5,38,79,310 shares |
Jain Resource Recycling Key Performance Indicator
Below are the core financial performance indicators of Jain Resource Recycling over the last three fiscal years, showing profitability, leverage, and efficiency trends:
| Indicator | FY23 | FY24 | FY25 |
| ROE | 59.94% | 57.66% | 40.77% |
| ROCE | 12.31% | 19.13% | 24.22% |
| Net Debt/Equity | 2.95 | 1.65 | 0.92 |
| RoNW | 60.62% | 58.08% | 41.56% |
| PAT Margin | 3.00% | 3.70% | 3.13% |
| EBITDA Margin | 4.05% | 5.13% | 5.17% |
| Price-to-Book Value (P/B) | Not disclosed | Not disclosed | NAV per share ₹21.87 |
Jain Resource Recycling IPO Financials
The table below displays the financial figures of Jain Resource Recycling in terms of revenue, assets, and profit after tax.
| (₹in million) | 2023 | 2024 | 2025 |
| Revenue | ₹30,640.71 | ₹44,284.18 | ₹71,257.68 |
| Total asset | ₹11,159.55 | ₹15,287.55 | ₹18,362.37 |
| Profit after tax | ₹918.10 | ₹1,638.27 | ₹2,232.87 |
Jain Resource Recycling IPO Lot Size
Take a quick look at the minimum and maximum bid amounts for different investor categories in the Jain Resource Recycling IPO.
| Investor category | Minimum application | Maximum application |
| Individual Investors (Retail) | 1 Lot (64 Shares) – ₹14,848 | 13 Lots (832 Shares) – ₹193,024 |
| S-HNI | 14 Lots (896 Shares) – ₹207,872 | 67 Lots (4,288 Shares) – ₹994,816 |
| B-HNI | 68 Lots (4,352 Shares) – ₹1,009,664 | Not specified |
Jain Resource Recycling IPO Promoter Holding
The promoter shareholding for Jain Resource Recycling before and after the IPO include the following details:
| Percentage | |
| Promoter Holding Pre-Issue | 79.78% |
| Promoter Holding Post-Issue | Not disclosed |
Jain Resource Recycling IPO Anchor Investors Details
The anchor investor details for the Jain Resource Recycling IPO outline the following info:
| Bid Date | 23 September 2025 |
| Shares Offered | Undisclosed |
| Anchor Portion Size (In Cr.) | Undisclosed |
| Anchor lock-in timeline end point for 50% holdings (30 Days) | 29 October 2025 |
| Anchor lock-in timeline end point for pending shares (90 Days). | 28 December 2025 |
Jain Resource Recycling IPO Subscription Status
The subscription status for the Jain Resource Recycling IPO is now live. Investors can track how the daily figures below:
| Day 1 | To Be Announced |
| Day 2 | To Be Announced |
| Day 3 | To Be Announced |
Jain Resource Recycling IPO Prospectus
For investors looking to dive deeper into the company’s financials and business strategy, the detailed prospectus provides complete disclosures and insights:
About Jain Resource Recycling IPO
Jain Resource Recycling Private Limited, unit of the Jain Metal Corporation, was initially established in 1953 as Jain Metal Processing Mills. With 70+ years of industry experience, the company has established itself as a key player in India’s non-ferrous metal recycling sector. Its Managing Director, Mr. Kamlesh Jain, also serves as Chairman of the parent organization, Jain Metal Group.
The company focuses on recycling lead with lead-based ingots, copper plus copper billets, together with aluminium and aluminium castings. With a recycling capacity of 3,08,306 MT, it operates three facilities in Chennai, strategically located for efficient operations and exports. Today, Jain Resource Recycling serves a global clientele in over 20 countries, contributing significantly to India’s circular economy with advanced recycling technologies and strong export capabilities.
Objectives of the Jain Resource Recycling IPO
The company aims to strengthen its balance sheet and support future growth by utilising the IPO proceeds as follows:
| Purpose | Amount (₹ in Crores) | Percentage |
| Repayment of borrowings | 375 | 75% |
| General corporate purposes | 125 | 25% |
Strength Of Jain Resource Recycling IPO
The primary strengths supporting Jain Resource Recycling’s market position include the following:
- Proven track record of profitability and growth in a high-barrier industry.
- Strategically positioned recycling plants offering varied product capabilities.
- Strong global customer base and sourcing network spanning 120+ countries.
- Experienced management team with deep industry expertise.
Risk of Jain Resource Recycling IPO
Potential investors should also consider these significant risks:
- Revenue concentration in two major products: Lead & Copper ingots.
- Heavy reliance on major customers lacking long-term agreements.
- Dependence on imported scrap material (around 75–80%), creating risks linked to supply chain and pricing
- Promoter group retaining majority control post-IPO, with significant influence on decisions.
FAQs
The Jain Resource Recycling IPO is a ₹1,250 crore Mainboard issue by Jain Resource Recycling Pvt. Ltd., a leading non-ferrous metal recycling company in India. The IPO includes both a fresh issue and an offer for sale, with shares proposed to be listed on NSE and BSE.
Investors can apply for the Jain Resource Recycling IPO through Zerodha by logging into the Console, navigating to the IPO section, selecting “Jain Resource Recycling IPO,” entering UPI details, and confirming the mandate. Applications are accepted during the IPO subscription window until the UPI cut-off time.
The Jain Resource Recycling IPO opens for subscription on 24 September 2025 and closes on 26 September 2025. Investors can apply within this three-day window, with UPI mandate confirmations allowed until 5 PM on the closing date. Allotment and listing follow in the same week.
The Jain Resource Recycling IPO lot size is 64 shares, requiring a minimum retail investment of ₹14,848. Retail investors can apply for up to 13 lots (832 shares), while HNI investors can apply for higher multiples depending on their investment category.
To apply for the Jain Resource Recycling IPO, investors can use their broker’s platform (like Zerodha, Groww, or Upstox) or net banking ASBA facility. Select the IPO, enter the lot size, apply via UPI or ASBA, and approve the payment request within the cut-off time.
The tentative allotment date for the Jain Resource Recycling IPO is 29 September 2025. Refunds for non-allottees are expected on 30 September 2025, with shares credited to Demat accounts on the same day. The IPO listing is scheduled for 1 October 2025.
The Jain Resource Recycling IPO is expected to list on the stock exchanges on 1 October 2025. Shares will be listed on both the NSE and BSE, with price movement on listing day often influenced by the IPO’s GMP and subscription demand.
