Jain Resource Recycling came to market through an IPO that opened on 24 September 2025 and closed on 26 September 2025, and the shares listed on 1 October 2025 on BSE, NSE. The price band was ₹220 to ₹232 per share and one lot was 64 shares, so the minimum application was ₹14,848. The issue size was ₹1250 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Kfin Technologies Limited was the registrar to the issue, and Dam Capital Advisors Ltd, ICICI Securities Ltd, Motilal Oswal Investment Advisors Ltd, PL Capital Markets Pvt Ltd were the lead managers.
As of 26 September 2025.
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Jain Resource Recycling Limited was registered as a private limited company on February 25, 2022. The company was initially set up in 1953 in the form of a partnership firm as Jain Metal Rolling Mills and was restructured in 1993. The company deals with the recycling and manufacturing of non-ferrous metal products.
Its product line consists of lead and lead alloy ingots, copper and copper ingots, and aluminium and aluminium alloys.The company has three recycling units at SIPCOT Industrial Estate, Gummidipoondi, Chennai. The units recycle different kinds of metal scrap such as copper (birch, druid), lead (radio, relay, rains, rinks) and aluminium (tread, talon, tense). A gold refinery unit was also inaugurated on August 19, 2024, in Sharjah Airport International Free Zone (SAIF-Zone), UAE, under its subsidiary JIGV.
Jain Resource Recycling Limited exports its products to industries like lead-acid battery, electrical and electronics, pigments, and automobile. Customers are domestic and overseas businesses like Vedanta Limited-Sterlite Copper, Luminous Power Technologies Private Limited, Yash Resources Recycling Limited, Mitsubishi Corporation RtM Japan, and Nissan Trading Co.The firm has a presence in international markets such as Singapore, China, Japan, and South Korea.
Export revenue represented 50.06% of total revenue for the six months ended September 30, 2024, and more than 50% of total revenue during Fiscal 2022, 2023, and 2024. As of January 31, 2025, the firm had a total of 403 full-time employees.
As described in the offer document.
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Jain Resource Recycling raises Rs 562.5 crore through anchor book before Rs 1,250-crore IPO. Some of the global marquee names such as Goldman Sachs, Abu Dhabi Investment Authority, Optimix Wholesale Global Emerging Markets Share Trust, BNP Paribas, Societe Generale, Citigroup Global, Nomura Singapore, and East Capital were in the anchor book.
Domestic institutional investors like HDFC AMC, Axis MF, Motilal Oswal AMC, Bandhan Mutual Fund, Helios MF, Tata AIA Life Insurance, Nuvama, Singularity AMC, SBI General Insurance, ICICI Lombard General Insurance, and Edelweiss Life Insurance also invested in Jain Resource Recycling under the anchor book.
Kamlesh Jain. Promoter holding 89.96% before the issue.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Jain Resource Recycling IPO was a ₹1,250 crore book-built issue, comprising a fresh issue of ₹500 crore and an offer for sale of ₹750 crore. It was priced at ₹220–₹232 per share with a lot size of 64 shares (₹14,848). The IPO was open from September 24 to September 26, 2025 and was subscribed 16.76x. Shares listed on BSE and NSE on October 1, 2025 at ₹265.05, a 14.2% premium to the issue price of ₹232.
Kfin Technologies Limited is the registrar. Dam Capital Advisors Ltd and 3 other book running lead managers manage the issue.
The price band of Jain Resource Recycling IPO is ₹220 to ₹232 per share.
The lot size of Jain Resource Recycling IPO is 64 shares.
The minimum investment for Jain Resource Recycling IPO is approximately ₹14,848 based on the upper price band.
The allotment date of Jain Resource Recycling IPO is Sep 29, 2025.
Jain Resource Recycling IPO's final recorded GMP before listing was ₹10 per share (a 4% premium over the ₹232 upper price band). The shares listed at ₹265.05. GMP is unofficial and does not forecast or guarantee the actual listing price.
Jain Resource Recycling IPO listed on Oct 1, 2025. It was issued at ₹265.05(NSE) and is currently around ₹275.50 as on 2-Nov-2026 3:30 PM, which is approximately 18.8% versus issue price. The 52-week high is ₹593.95.
You can check Jain Resource Recycling IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Jain Resource Recycling IPO allotment status on Rupix for quick and easy access.
₹220 to ₹232 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 64 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,848.
₹14,848, for one lot of 64 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 24 September 2025 and closed on 26 September 2025.
The basis of allotment was published on 29 September 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 1 October 2025 on BSE, NSE.
The issue size was ₹1250 crore. The fresh issue was 2,15,51,724 shares (aggregating up to ₹500 crore). The offer for sale was 3,23,27,586 shares (aggregating up to ₹750 crore).