Jain Resource Recycling Ltd. IPO: GMP, Price, Key Dates & Financial Performance
- Krishna Priya
- Sep 26
- 2 min read
Jain Resource Recycling Ltd. IPO has set a price band of ₹220–₹232 per share. Retail investors can apply for as few as 64 shares in one lot, requiring a minimum investment of ₹14,848 at the upper price band.
IPO Snapshot
Detail | Information |
Total Issue Size | ₹1,250.00 Cr (5,38,79,310 shares) |
Fresh Issue | ₹500.00 Cr (2,15,51,724 shares) |
Offer for Sale | ₹750.00 Cr (3,23,27,586 shares) |
Price Band | ₹220 – ₹232 per share |
Lot Size | 64 shares |
Minimum Investment | ₹14,848 (at upper band) |
Listing | BSE & NSE |
IPO Opens | September 24, 2025 |
IPO Closes | September 26, 2025 |
Jain Resource Recycling Ltd., incorporated in 2022, operates in the recycling and manufacturing of non-ferrous metal products. It supplies lead & lead alloy ingots, copper & copper ingots, and aluminium & aluminium alloys to clients globally, and runs facilities in Chennai and the UAE. The company serves battery, electronics, pigment, and automotive sectors and had 411 employees as of July 2025.
Financial Performance
Period Ended | Revenue from Operations (₹ Mn) | Profit After Tax (₹ Mn) |
31 Mar 2025 | 7125.76 | 223.28 |
31 Mar 2024 | 4428.41 | 163.82 |
31 Mar 2023 | 3064.07 | 91.81 |
Grey Market Premium (GMP)
As of now, the Grey Market Premium (GMP) for Jain Resource Recycling Ltd. IPO is ₹6. Based on the upper price band of ₹232, the estimated listing price stands at ₹238, implying a potential gain of about 2.59% per share.
Peer Comparison
Company Name | CMP (₹) | Mkt Cap (₹ Cr) | P/E | Sales (₹ Cr) | OPM % | PAT 12M (₹ Cr) |
Jain Resource Recycling | — | — | — | 7125.76 | — | 223.28 |
Gravita India | 1,552.75 | 11,460.63 | 33.85 | 4,000.85 | 8.42 | 337.96 |
Pondy Oxides | 1,174.75 | 3,534.45 | 45.26 | 2,187.65 | 5.60 | 78.09 |
Use of Proceeds
Jain Resource Recycling Ltd. plans to utilize the IPO proceeds primarily for pre-payment or scheduled repayment of certain outstanding borrowings, with an allocation of around ₹3,750 million, while the remaining funds will be directed towards general corporate purposes to support overall business operations and future growth.
Disclaimer: This content is for educational purposes only; please conduct your own research and consult with a qualified investment advisor before making any investment decisions.
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