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15 Days Price Change

Jain Resource Recycl IPO

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WEBSITE Inc. Year: 1953 Industry: Metal - Non Ferrous Listed Page

Profile
Issue Size 725 Cr
Profile
Price Range 220  to  232 per share
Profile
Min Investment ₹232
Profile
Lot Size 1
Profile
Face Value ₹2
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are primarily focused on manufacturing of non-ferrous metal products by way of recycling of non-ferrous metal scrap. Our product portfolio comprises of (i) lead and lead alloy ingots; (ii) copper and copper ingots; and (iii) aluminium and aluminium alloys. Our Company is amongst the two recycling companies in India to get its lead ingot registered as a brand by the London Metal Exchange (Source: CRISIL) which provides the Company 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. We also partnered with M/s Ikon Square Limited UAE (“ISL”), by way of acquiring 70% in Jain Ikon Global Ventures (FZC) a free zone company registered in Sharjah, UAE (hereinafter referred as “JIGV”), resulting JIGV in becoming our subsidiary. The acquisition was undertaken for the purposes of setting up our gold refining facility at Sharjah UAE that commenced refining of gold in the month of August 2024. We are also engaged in trading of non-ferrous metals and other commodities which constitutes 4.20 %, 1.98%, 4.50% and 1.30 % of our revenue from operations for six months period ending September 30, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively. Read More

Basic Info

Face Value 2 per share

Price 220  to  232 per share

P/E (x) 32.2

Sales( Cr.) 7126

PAT( Cr.) 223

EPS 7.2

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Kamlesh Jain

Pre Issue Share Holding 88.01%

Post Issue Share Holding 73.59%

Listing Details:

Listing Price: 265.25

Listing Gain: 12.54%

Current Price: 373.6

Gain On Issue: 373.6 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 24, 2025
Closing Date Sep 26, 2025
Allotment Sep 29, 2025
Refund Sep 30, 2025
Delivery of Shares Sep 30, 2025
Listing Date Oct 01, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 64 14,848
Retail (Max) 13 832 193,024
S-HNI (Min) 14 896 207,872
S-HNI (Max) 67 4288 994,816
B-HNI (Min) 68 4352 1,009,664

Objective of the Issue

The net proceeds of the Fresh Issue, i.e., gross proceeds of the Fresh Issue less our Company’s share of the Offer related expenses (“Net Proceeds”), are proposed to be utilized towards funding of the following objects:1. Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company 2. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 17045454 431049600 25.3x
NII 8522727 45144896 5.3x
Retail 5681818 20550848 3.6x
EMP 0 0 0x
Total 31249999 496745344 15.9x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Jain Resource Recycl Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 3064 4428 7126
Other Income 0 43 56 36
Total Income 0 3108 4485 7162
Total Expenditure 0 2937 4198 6751
Operating Profit 0 171 286 411
Interest 0 34 56 91
Depreciation 0 14 16 16
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 0 124 215 305
Provision for Tax 0 32 51 81
Profit After Tax 0 92 164 223
Adjustments 0 0 0 1
Profit After Adjustments 0 92 164 224
Adjusted Earnings Per Share 0 4.6 8 6.9

Jain Resource Recycl Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 0 199 369 726
Minority's Interest 0 2 0 -1
Borrowings 0 42 36 3
Other Non-Current Liabilities 0 129 100 19
Total Current Liabilities 0 744 1024 1089
Total Liabilities 0 1116 1529 1836
Fixed Assets 0 74 79 89
Other Non-Current Assets 0 10 9 102
Total Current Assets 0 1032 1440 1645
Total Assets 0 1116 1529 1836

Jain Resource Recycl Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 6 81
Cash Flow from Operating Activities 58 11 33 4
Cash Flow from Investing Activities -147 -9 -93 -26
Cash Flow from Financing Activities 89 3 136 -35
Net Cash Inflow / Outflow 0 5 76 -58
Closing Cash & Cash Equivalent 0 6 81 24

Jain Resource Recycl Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0 4.59 7.99 6.93
CEPS(Rs) 0 5.27 8.75 7.39
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 0 8.89 16.96 22.44
Core EBITDA Margin(%) 0 4.15 5.19 5.26
EBIT Margin(%) 0 5.13 6.11 5.55
Pre Tax Margin(%) 0 4.03 4.85 4.27
PAT Margin (%) 0 3 3.7 3.13
Cash Profit Margin (%) 0 3.44 4.05 3.35
ROA(%) 0 8.23 12.39 13.27
ROE(%) 0 51.62 62.31 41.58
ROCE(%) 0 16.87 24.5 27.04
Receivable days 0 30.27 18.03 8.01
Inventory Days 0 40.71 36.77 31.39
Payable days 0 4.36 2.74 3.65
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0 0.2 0.15 0.1
EV/Core EBITDA(x) 0 3.67 2.27 1.79
Net Sales Growth(%) 0 0 44.53 60.91
EBIT Growth(%) 0 0 72.22 46.06
PAT Growth(%) 0 0 78.44 36.29
EPS Growth(%) 0 0 73.96 -13.18
Debt/Equity(x) 0 4.12 2.61 1.27
Current Ratio(x) 0 1.39 1.41 1.51
Quick Ratio(x) 0 0.93 0.87 0.89
Interest Cover(x) 0 4.68 4.82 4.35
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 61% 0% 0% 0%
Operating Profit CAGR 44% 0% 0% 0%
PAT CAGR 36% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 42% 52% 52% 52%
ROCE Average 27% 23% 23% 23%

Company Contact Information

Jain Resource Recycling Ltd.

Bibhu Kalyan Rauta

044 4340 9494

cs@jainmetalgroup.com

The Lattice, Old No 7/1 New No 20, 4th Floor Waddles Road, Kilpauk

IPO Lead Manager(s)

Jain Resource Recycling Ltd.

Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)

ICICI Securities Ltd

Motilal Oswal Investment Advisors Pvt Ltd

PL Capital Markets Pvt Ltd

Registrar Info

Jain Resource Recycling Ltd.

K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)

Karvy Selenium Tower B, Plot 31-32 Gachibowli,Financial District, Nanakramguda Hyderabad – 500032 Tel. No. 040 67161500 Fax. No. 040 23001153 E-mail: einward.ris@karvy.com Website: www.karvy.com Toll Free No. of exclusive Call Centre:1-800-345001

040 - 67162222/18003094001

einward.ris@kfintech.com

https://www.kfintech.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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