31 Mar 2023
Assets1,115.96
Total Income3,107.53
EBITDA124.18
Profit After Tax91.81
NET Worth196.97
Reserves and Surplus161.30
Total Borrowing732.79
At a glance
Updated 2026-09-10The shares listed at ₹265.05, a 14.25% move from the issue price. Jain Resource Recycling is a Mainboard IPO with an issue size of ₹1,250.00 crore, proposed for listing on BSE, NSE. The offer opens on 24th Sep 2025 and closes on 26th Sep 2025. The issue structure includes a fresh issue of ₹500.00 crore and an offer-for-sale component of ₹750.00 crore. The current listing schedule points to 1st Oct 2025.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹1,250.00 Cr
Fresh issue₹500.00 Cr
Offer for sale₹750.00 Cr
Face value₹2
Price band₹220.00–₹232.00
Allotment29th Sep 2025
Listing1st Oct 2025
Listing performance
Full performance ↗Issue price₹232.00
Listing price₹265.05
Current price—
Listing gain14.25%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹13.00
GMP / upper price5.60%
Est. listing₹245.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens24th Sep 2025
Closes26th Sep 2025
Allotment29th Sep 2025
Refund30th Sep 2025
Demat30th Sep 2025
Listing1st Oct 2025
Subscription demand
Full bidding ↗Total16.76×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 64 | ₹14,848 |
Reservation
Issue mix
QIB75.00%40,409,483 shares
Anchor Investor45.00%24,245,689 shares
QIB (Ex. Anchor)30.00%16,163,794 shares
NII (HNI)15.00%8,081,897 shares
bNII > ₹10L10.00%5,387,931 shares
sNII < ₹10L5.00%2,693,966 shares
Retail10.00%5,387,931 shares
Total100.00%53,879,311 shares
Company
Incorporated2022
Use of proceeds
| Object | Amount |
|---|---|
| Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company. | ₹375.00 Cr |
| General Corporate Purposes | ₹59.11 Cr |
| Issue Expenses | ₹65.89 Cr |
| Total | ₹500.00 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue7,162.15₹ Cr · +59.7% vs prior year
EBITDA368.58₹ Cr · +62.2% vs prior year
PAT223.29₹ Cr · +36.3% vs prior year
Assets1,836.24₹ Cr · +20.1% vs prior year
Net Worth707.46₹ Cr · +92.7% vs prior year
Borrowing919.92₹ Cr · +1.2% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets1,528.76
Total Income4,484.84
EBITDA227.22
Profit After Tax163.83
NET Worth367.18
Reserves and Surplus328.13
Total Borrowing909.38
31 Mar 2025
Assets1,836.24
Total Income7,162.15
EBITDA368.58
Profit After Tax223.29
NET Worth707.46
Reserves and Surplus660.01
Total Borrowing919.92
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 40.77% |
| ROCE | 24.22% |
| Debt / Equity | 0.92% |
| RoNW | 41.56% |
| PAT Margin | 3.13% |
| EBITDA Margin | 5.17% |
| Price to Book Value | 20.44 |
Valuation & shareholding
Pre-IPO EPS6.90
Post-IPO EPS6.47
Pre-IPO P/E33.62
Post-IPO P/E35.86
Promoter holding pre89.96%
Promoter holding post74.97%
Market cap₹8005.99 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Jain Resource Recycling IPO | — | 35.86 x | — | — |
| Bansal Wire IPO | — | 50.86 x | — | — |
| Shyam Metalics IPO | — | 12.83 x | — | — |
| Mishra Dhatu IPO | — | 30.00 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company. | ₹375.00 Cr |
| General Corporate Purposes | ₹59.11 Cr |
| Issue Expenses | ₹65.89 Cr |
| Total | ₹500.00 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- ICICI Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-10.
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