Jain Resource Recycling IPO Opens September 24 with Price Band of ₹220-232; Plans to Raise ₹1,250 Crore

Mumbai, 19 September 2025: Jain Resource Recycling Ltd has fixed the price band of its forthcoming Initial Public Offering (IPO) at ₹220–232 per equity share, seeking to raise ₹1,250 crore. The issue opens on 24 September 2025 for subscription and closes on 26 September 2025, with listing likely on 1 October 2025.

Based in Tamil Nadu, Jain Resource Recycling Ltd is majorly involved in recycling and producing non-ferrous metals. Its product range consists of used lead and lead alloy ingots, copper ingots, aluminium and aluminium alloys. Widening its distribution, the company entered into an agreement with Ikon Square Ltd UAE to form a gold refining unit at Sharjah, in addition to going on with non-ferrous metal trade and linked commodities.

This international alliance brings a new layer to its core business of recycling, connecting local operations with global streams of commodities.

₹8,000 Crore Valuation Reflected Through Price Band and Share Sale

At the higher price band of ₹232, the valuation of the company moves beyond ₹8,000 crore, highlighting its increasing market position in the recycling and non-ferrous metal sector.

Jain Resource Recycling IPO consists of a fresh issue of ₹500 crore and an Offer for Sale (OFS) of ₹750 crore. Promoter Kamlesh Jain under the OFS will offer ₹715 crore of shares, while shareholder. Mayank Pareek will offer ₹35 crore.

The structure reflects a dual implication: building the firm’s finances by reducing debt and facilitating the partial exit of promoters.

The company plans to utilise the net proceeds from its IPO to strengthen its financial profile and support business operations. Around ₹375 crore will be earmarked for the pre-payment or scheduled repayment of certain outstanding borrowings, which is expected to ease interest costs and improve leverage.

Allocation Pattern Divides 75% between Institutions, 15% between NIIs, 10% between Retail

The IPO has followed the regulatory allotment pattern: 75% to Qualified Institutional Buyers (QIBs), 15% to Non-Institutional Investors (NIIs), and 10% to retail investors. The minimum lot size has been fixed at 64 equity shares, and additional bids have to be made in multiples of this lot. This allocation highlights the focus on institutional bidding with a residual portion for small bidders.

DAM Capital Advisors, ICICI Securities, Motilal Oswal Investment Advisors, and PL Capital Markets are the book-running lead managers for the issue. The shares will list on the stock exchanges on 1 October 2025, only a few days after the issue close, facilitating a smooth transition from subscription to listing.

Jain Resource Recycling Ltd IPO is a capital-raising exercise designed to decrease debt burden while enabling promoter stake dilution. The specific 24–26 September 2025 subscription period and the planned 1 October 2025 listing demonstrate the company’s synchronization with both operational agendas and market schedules. Metals recycling and commodity value chain stakeholders will be keenly observing how this public issue dictates the company’s growth path.

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