The Jain Metal Group is a player in India’s non-ferrous metal recycling and production sector. It specializes in recycling non-ferrous scrap and manufacturing lead and lead alloy ingots, copper and copper ingots, and aluminium and aluminium alloys. Its operations are supported by 3 Recycling Facilities located at SIPCOT Industrial Estate, Chennai, with a combined actual production capacity of 308,306 MTPA as of July 31, 2025. Notably, its lead ingots are registered as a brand on the London Metal Exchange, enabling access to a global customer base with internationally recognized quality standards. In addition to recycling, it is also engaged in the trading of non-ferrous metals and other commodities.
Price Band₹220 - ₹232 |
Dates24 Sep - 26 Sep |
GMP₹17 (7.33%) |
Subscriptions15.90 times |
Issue Size₹1,250.00 Crs |
Jain Resource IPO Objects
- Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company
- General Corporate Purposes
Jain Resource IPO Details
Price Band₹220 - ₹232 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹500.00 Cr (2.16 Cr Shares) |
Offer For Sale₹750.00 Cr (3.23 Cr Shares) |
Total Issue₹1,250.00 Cr (5.39 Cr Shares) |
Face Value₹2 per equity share |
Jain Resource IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
64
14,848
Maximum
13
832
1,93,024
|
|||
| Small HNI |
Minimum
14
896
2,07,872
Maximum
67
4,288
9,94,816
|
|||
| Big HNI |
Minimum
68
4,352
10,09,664
|
|||
Jain Resource IPO Subscription
Updated as on 26-Sep-2025 19:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 25.29 | 1,70,45,454 | 43,10,49,600 |
| NII | 5.30 | 85,22,727 | 4,51,44,896 |
| bNII (bids above ₹10L) | 5.22 | 56,81,818 | 2,96,40,576 |
| sNII (bids between ₹2L to ₹10L) | 5.46 | 28,40,909 | 1,55,04,320 |
| Retail | 3.62 | 56,81,818 | 2,05,50,848 |
| Total | 15.90 | 3,12,49,999 | 49,67,45,344 |
Jain Resource IPO GMP
The estimated Grey Market Premium of Jain Resource IPO is ₹17 per share (7.33%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not less than 75% of Net Offer |
| Big HNIs (NII) | Not more than 10% of Net Offer |
| Small HNIs (NII) | Not more than 5% of Net Offer |
| Retail | Not more than 10% of Net Offer |
Jain Resource IPO Financials
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 7,125.77 | 4,428.42 | 3,064.07 |
| Profit after Tax | 223.29 | 163.83 | 91.81 |
| Net Worth | 707.46 | 367.18 | 196.97 |
| Total Borrowing | 919.92 | 909.38 | 732.79 |
| Total Assets | 1,836.24 | 1,528.76 | 1,115.96 |
| NAV per share (in ₹) | 21.87 | 11.35 | 6.09 |
| EPS - Basic (in ₹) | 7.16 | 5.29 | 2.98 |
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 5.17% |
| PAT | 3.13% |
| ROE | 40.77% |
| ROCE | 24.22% |
| Net Debt to Equity | 0.92 |
| PE Ratio | 32.40 |
| PB Ratio | 10.61 |
| Mkt Cap (in Crs.) | 8,005.99 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Jain Resource IPO Peer Comparision
| Particulars | Jain Resource | Gravita India | Pondy Oxides |
|---|---|---|---|
| Revenue from Ops (in Crs.) | 7,125.77 | 3,868.77 | 2,056.91 |
| PAT (In Crs.) | 223.29 | 312.90 | 58.06 |
| EPS - Basic | 7.16 | 45.11 | 21.08 |
| NAV per share | 21.87 | 273.04 | 205.26 |
| RONW | 41.56% | 22.33% | 12.71% |
| EBITDA | 5.17% | 8.38% | 5.10% |
| PAT Margin | 3.13% | 8.09% | 2.82% |
| Price to earning (PE) | 32.40 | 37.67 | 55.24 |
| Debt to Equity | 0.92 | -0.06 | 0.12 |
- All information pertains to FY 2024-25.
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 3, 2025 for Peers
Jain Resource IPO Peer Comparision
| Particulars | Jain Resource |
|---|---|
| Revenue from Ops (in Crs.) | 7,125.77 |
| PAT (In Crs.) | 223.29 |
| EPS - Basic | 7.16 |
| NAV per share | 21.87 |
| RONW | 41.56% |
| EBITDA | 5.17% |
| PAT Margin | 3.13% |
| Price to earning (PE) | 32.40 |
| Debt to Equity | 0.92 |
| Gravita India | Pondy Oxides |
|---|---|
| 3,868.77 | 2,056.91 |
| 312.90 | 58.06 |
| 45.11 | 21.08 |
| 273.04 | 205.26 |
| 22.33% | 12.71% |
| 8.38% | 5.10% |
| 8.09% | 2.82% |
| 37.67 | 55.24 |
| -0.06 | 0.12 |
- All information pertains to FY 2024-25.
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 3, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Kamlesh Jain | 79.78% |
| Mayank Pareek | 1.94% |
| Jain Family Trust | 7.70% |
| Geetha K Jain | 0.54% |
| Total | 89.96% |
Management Details
| Name | Designation |
|---|---|
| Kamlesh Jain | Chairman & MD |
| Mayank Pareek | Joint MD |
| Hemant Shantilal Jain | CFO |
Company Details
Name: Jain Resource Recycling Limited
Address: The Lattice, Old no 7/1, New No 20, 4th Floor, Waddles Road, Kilpauk, Chennai, Tamil Nadu – 600010, India
Number: 044 4340 9494
Email: cs@jainmetalgroup.com
Website: www.jainmetalgroup.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Jain Resource IPO is a Mainboard IPO having an issue size of Rs. ₹1,250.00 Crs. Jain Resource IPO is priced at ₹220 - ₹232 per share. The issue opens on 24 Sep 25 and closes on 26 Sep 25.
Jain Resource IPO opens on 24 Sep 25 and closes on 26 Sep 25.
The estimated Grey Market Premium of Jain Resource IPO is ₹17 per share (7.33%).
The minimum lot size of Jain Resource IPO is 64 shares & the minimum application amount is Rs. 14848.
The allotment date of Jain Resource IPO is 29 Sep 25.
The listing date of Jain Resource IPO is 01 Oct 25.
Jain Resource IPO is subscribed 15.90 times.
Jain Resource IPO is priced at ₹220 - ₹232 per share.
Click the allotment link on Jain Resource IPO page of IPO360.
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- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
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