Jain Resource Recycling IPO Date, Review, Price and Key Information

Jain Resource Recycling Limited IPO is fully book build issue and total IPO size is ₹2000 crores. The offering includes a fresh issue worth ₹500 crores and an offer for sale of ₹1500 crores.

The dates for the Jain Resource Recycling Limited IPO have not been announced yet. The allotment process is expected to be finalized by [.].

The Jain Resource Recycling Limited IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Jain Resource Recycling Limited IPO has not been announced yet.

Registrar for this IPO is Kfin Technologies Limited and lead managers for Jain Resource Recycling Limited IPO are Dam Capital Advisors Limited, Icici Securities Limited, Motilal Oswal Investment Advisors Limited, Pl Capital Markets Private Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹2 Per Equity Share
Total Issue Size	₹2,000.00 Crores
Fresh Issue	₹500.00 Crores
OFS Issue	₹1,500.00 Crores
Issue Type	Fresh Issue and Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	75%
Retail	10%
NII/HNI	15%

About Jain Resource Recycling Limited Company

Jain Metal Group (JMG) is a leading non-ferrous metal recycling company in India, boasting a legacy of over seven decades. The Chennai-based group is recognized as the largest and fastest-growing in its sector based on revenue for fiscals 2022-2024, as per a Crisil report. JMG achieved the highest revenue growth among its peers in fiscal 2024, with a 44.53% year-on-year increase, resulting in the revenue increase from ₹2,849.52 crore to ₹4,428.42 crore.

JMG operates state-of-the-art facilities capable of handling multiple products, supported by an extensive global sourcing network. As one of the few Indian brands registered with the London Metal Exchange (LME), JMG recycles and manufactures copper, lead, and aluminum alloys. The company’s vertically integrated operations ensure efficient end-to-end recycling processes. In fiscal 2024, JMG also demonstrated the highest EBITDA growth of 82.98%, which expanded to ₹227.22 crore from ₹116.44 crore between fiscals 2022 and 2024. Jain Metal Group's commitment to ESG ensures sustainable and responsible growth, making it a reliable player in the industry.

Jain Resource Recycling Limited Financial Details

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1720.59	1528.76	1115.96	1017.71
Revenue	288.86	442.84	306.41	284.96
Profit After Tax	112.15	163.83	91.81	86.80
Net Worth	480.86	369.16	201.30	107.28
Reserves and Surplus	442.21	328.13	159.09	67.28
Total Borrowing	969.75	909.38	732.79	750.86

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
5.29	58.08%	11.35	NA	NA	NA

Offer Objectives

The Offer comprises a Fresh Issue and an Offer for Sale. The company will not receive proceeds from the Offer for Sale. The net proceeds from the Fresh Issue will be used for the following:

Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings: ₹375 crore
General corporate purposes: Up to 25% of the Gross Proceeds, as per SEBI ICDR Regulations. The exact amount will be determined upon finalization of the Offer Price.

The gross proceeds from the Fresh Issue are estimated at ₹500 crore. A pre-IPO placement aggregating up to ₹100 crore may be considered, and if undertaken, the amount raised will be reduced from the Fresh Issue. This pre-IPO placement cannot exceed 20% of the fresh issue. Upon allotment of Equity Shares pursuant to the Pre-IPO Placement, our Company shall utilize the proceeds from such Pre-IPO Placement towards general corporate purposes.

The estimated utilization of Net Proceeds for pre-payment of borrowings is ₹375 crore in the Financial Year 2026. The final allocation will be determined upon the Offer Price. The deployment is based on management estimates and may be subject to change.