On March 30, 2025, Jain Resource, a well-known Non-ferrous metal recycling company, submitted its Draft Red Herring Prospectus with SEBI in order to raise funds of ₹2000 crore through the launch of its IPO (Initial Public offering).
The IPO includes a combination of a fresh issue of ₹500 crore and an Offer-for-sale of up to ₹1,500 crore by promoters with a face value of ₹2 each.
DAM Capital, ICICI Securities, Motilal Oswal, and Prabhudas Liladher are the lead managers of the IPO. The registrar of the public issue is KFin Technologies.
Jain Resource Recycling attracted renowned investors such as Ashish Kacholia, Motilal Oswal Finvest, and Star Trust in March 2025 by raising money through private and secondary placements.
The reason behind raising funds through fresh issues is to utilize the funds for the payment and repayment of existing funds and for the company’s general corporate purposes.
The company may plan to raise funds of ₹100 crore in a pre-IPO placement. If they successfully plan to do so, the amount of ₹100 cr will be deducted from the fresh issue amount.
According to the draft papers, promoters of the company, Kamlesh Jain, will be selling equity shares of up to ₹1,430 crore, whereas Mayank Pareek will be selling equity shares of up to ₹70 crore.
Incorporated in 1954, Jain Resource Recycling is one of India’s largest and fastest-growing non-ferrous metal recycling businesses. The company’s portfolio consists of a diverse range of services lead and lead alloy ingots, copper and copper ingots, and aluminum and aluminum alloys.
The company generated a revenue of ₹442 crore from operations while generating a PAT of ₹163 crore. The company’s ROE increased to 57.66% this year.
According to the DRHP, the equity shares of the public issue will be going to be listed on the Stock exchanges, BSE (Bombay Stock Exchange) and National Stock Exchange of India (NSE).
Vedanta, Luminous Power, Yash Resources, Mitsubishi Corporation, and Nissan Trading Company are some of the major clients of the company.
Jain Resource Recycling IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Jain Resource Recycling Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹2,880.34 | ₹2,757.87 | ₹86.80 |
| 2023 | ₹3,107.53 | ₹2,983.90 | ₹91.81 |
| 2024 | ₹4,484.84 | ₹4,270.24 | ₹163.83 |
| September 2024 | ₹2,909.11 | ₹2,756.60 | ₹112.15 |
Jain Resource Recycling IPO Valuation – FY2024
Jain Resource Recycling IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹5.29 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 58.08% |
| Net Asset Value (NAV): | ₹11.35 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Gravita India Limited | 34.88 | 49.40 | 35.51 | 114.07 | 3,160.75 Cr. |
| Pondy Oxides & Chemicals Limited | 13.61 | 41.44 | 10.62 | 133.26 | 1,540.60 Cr. |
Objects of the Issue
- Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company; and
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- DAM Capital Advisors Limited
- ICICI Securities Limited
- Motilal Oswal Investment Advisors Limited
- PL Capital Markets Private Limited
