Jain Resource Recycling Subscription
Last updated on 26-Sep-2025 18:44:06
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 16163794 | 431049600 | 26.67 |
| HNIs | 8081897 | 45144896 | 5.59 |
| HNIs 10+ | 5387931 | 29640576 | 5.5 |
| HNIs 2+ | 2693966 | 15504320 | 5.76 |
| Retail | 5387931 | 20550848 | 3.81 |
| Total | 29633622 | 496745344 | 16.76 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 6013 | 6719 | 1.12 |
| HNIs (2-10L) | 3007 | 16829 | 5.6 |
| Retail | 84186 | 278128 | 3.3 |
| Total Applications: 301676 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 375 | 10000.35 | 26.67 |
| FIIs | - | 7119.83 | - |
| DIIs | - | 1295.38 | - |
| Mutual funds | - | 755.02 | - |
| Others | - | 830.13 | - |
| HNIs | 187.5 | 1047.36 | 5.59 |
| HNIs 10+ | 125 | 687.66 | 5.5 |
| HNIs 2+ | 62.5 | 359.7 | 5.76 |
| Retail | 125 | 476.78 | 3.81 |
| Total | 687.5 | 11524.49 | 16.76 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹8.3 | @8% ₹9.5 | @9% ₹10.7 | @10% ₹11.9 | @11% ₹13.1 | @12% ₹14.2 |
Jain Resource Recycling Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 64 | 14848 | 84186 |
| sHNI | 14 | 896 | 207872 | 3007 |
| bHNI | 68 | 4352 | 1009664 | 6013 |
Jain Resource Recycling Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 24245689 | 45% |
| QIB | 16163794 | 30% |
| HNI | 8081897 | 15% |
| Retail | 5387931 | 10% |
| Total | 53879311 | 100% |
Jain Resource Recycling About
IPO Details
| Issue Size | [5,38,79,310] shares (aggregating up to ₹1250.00 Cr) |
| Fresh Issue | [2,15,51,724] shares (aggregating up to ₹500.00 Cr) |
| Offer for Sale | [3,23,27,586] shares of ₹10 (aggregating up to ₹750.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 32,35,34,090 shares |
| Share Holding Post Issue | 34,50,85,814 shares |
Key Performance Indicator (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 40.77% | 57.66% | 59.64% |
| ROCE | 24.22% | 19.13% | 12.31% |
| EPS (basic) | 7.16 | 4.70 | 2.65 |
| P/E Pre IPO | 33.62 | ||
| P/E Post IPO | 35.86 |
Company Financials In Crores
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 1,836.2 | 1,528.8 | 1,116.0 |
| Total Income | 7,162.2 | 4,484.8 | 3,107.5 |
| Profit After Tax | 223.3 | 163.8 | 91.8 |
| EBITDA | 368.6 | 227.2 | 124.2 |
| NET Worth | 707.5 | 367.2 | 197.0 |
| Reserves and Surplus | 660.0 | 328.1 | 161.3 |
| Total Borrowing | 919.9 | 909.4 | 732.8 |
Peer Comparison (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Jain Resource Recycling Ltd. | - | - | 2 |
| Gravita India Limited | 37.67 | 1699.3 | 2 |
| Pondy Oxides & Chemicals Limited | 55.24 | 11.64.4 | 5 |
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Jain Resource Recycling Ltd. | 21.87 | 41.56 | 7.16 |
| Gravita India Limited | 273.04 | 22.33 | 45.11 |
| Pondy Oxides & Chemicals Limited | 205.26 | 12.71 | 22.03 |
Company Overview
Incorporated: 2022
Business: Recycling & manufacturing of non-ferrous metals
Products: Lead & Lead Alloy Ingots, Copper & Copper Ingots, Aluminium & Aluminium Alloys, Tin Ingots, Plastics
Facilities:
3 Recycling units at SIPCOT Industrial Estate, Gummidipoondi, Chennai
Gold refining facility at SAIF-Zone, UAE (via subsidiary JIGV)
Clients: Vedanta-Sterlite Copper, Luminous Power, Yash Resources Recycling, Mitsubishi Corporation RtM Japan, Nissan Trading Co.
Markets: India, Singapore, China, Japan, South Korea
Employees (July 31, 2025): 411 permanent
Strength
Diversified Metal Portfolio & Global Presence – Offers lead, copper, aluminium, tin, and plastics with exports across Asia, strengthening revenue streams.
Strategic Manufacturing Base – Recycling facilities in Chennai with multi-metal handling capability and a gold refining unit in UAE provide geographic and product-line advantage.
Established Customer Base – Supplies to reputed domestic and international players, ensuring consistent demand and credibility.
Weakness
Revenue Concentration Risk – Heavy dependence on Lead & Lead Alloys (39.46%) and Copper & Copper Ingots (44.82%); demand fluctuations may severely impact earnings.
Customer Dependency Risk – Significant reliance on top customers without long-term contracts; loss of any major client could hit revenue and profitability.
Regulatory & Compliance Risk – Past disciplinary actions by SEBI/stock exchanges against the Promoter raise concerns about future regulatory challenges.
Jain Resource Recycling Lead Manager(s)
Jain Resource Recycling Address
The Lattice, Old no 7/1, New No 20,
4th Floor, Waddles Road,
Kilpauk, Chennai, Tamil Nadu – 600010, India
Chennai, Tamil Nadu, 600010
Phone: 044 4340 9494
Email: cs@jainmetalgroup.com
Website: http://www.jainmetalgroup.com/
Jain Resource Recycling Registrar
Jain Resource Recycling Reviewers
| Reviewer | Recommendation | File |
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