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Operates in the Metal recycling industry which is continuosly increasing and is expected to grow at a CAGR of 4-4.5% by FY 2030.
The company's growth drivers are Environmental benefits and regulatory support, Demand from key end use industries and Technological innovations..
| Revenue | ₹4,428.40 cr | ₹7,125.76 cr | |
| PAT | ₹163.80 cr | ₹223.28 cr (+36.31%) | |
| PAT Margin | 3.70 % | 3.13 % (-15.41%) | |
| EBITDA | ₹227.20 cr | ₹404.89 cr (+78.21%) | |
| EBITDA Margin | 5.13 % | 5.68 % (+10.72%) | |
| ROE | 44.38 % | 30.81 % (-30.58%) | |
| ROCE | 19.13 % | 24.22 % (+26.61%) | |
| D/E | 2.46 | 1.27 (-48.37%) |
The company’s diversified product portfolio enables it to address different business cycles across industries consuming its products.
The company caters to customers in various industries including lead acid battery, electrical and electronics, pigments, and automotive. Its clientele includes Vedanta-Sterlite Copper, Luminous Power Technologies and Yash Resources Recycling and global customers such as Mitsubishi Corporation RtM Japan and Nissan Trading Co. It caters to both international and domestic markets. The company has an extensive global footprint across major overseas geographies including Singapore, China, Japan, Taiwan and South Korea
PE Ratio: 35.86x Average Sector PE Ratio: 27.70x
| QIB Shares Offered: | 40409483 |
| - Anchor Investor Shares Offered: | 24245689 |
| − QIB (Ex. Anchor) Shares Offered : | 16163794 |
| NII (HNI) Shares Offered: | 8081897 |
| - bNII > ₹10L: | 5387931 |
| - sNII < ₹10L: | 2693966 |
| Retail Shares Offered: | 5387931 |
| Total Shares Offered: | 53879311 |
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 64 | ₹14848 |
| Retail (Max) | 64 | 832 | ₹193024 |
| S-HNI (Min) | 14 | 896 | ₹207872 |
| S-HNI (Max) | 67 | 4288 | ₹994816 |
| B-HNI (Min) | 68 | 4352 | ₹1009664 |
Avg IPO Size (Sector Based):
₹ 677.48 cr.
Average Sector PE Ratio:
27.70 X
Listing Price:
₹ 247.57
Jain Resource Recycling Limited with a rich legacy spanning seven decades, Jain Metal Group has established itself as a pioneer in the recycling and production of non-ferrous metals in India. (Source: CRISIL). They are the India’s largest and fastest-growing non-ferrous metal recycling business, in terms of revenue for Fiscal 2024, Fiscal 2023 and Fiscal 2022 (Source: CRISIL). The group's success can be attributed to its state-of-the-art infrastructure and capabilities to handle multiple products in recycling at a single location, as well as its extensive global network for sourcing recyclable materials. (Source: CRISIL). The Company was originally constituted as a partnership firm in the year 1953 under the name of Jain Metal Rolling Mills which was reconstituted vide partnership deed dated April 1, 1993, and subsequently converted into their Company on February 25, 2022, as a private limited company under the Companies Act, 2013. They commenced their recycling operations under their erstwhile partnership firm in the Fiscal year 2013.
PL Capital Markets Private Limited, based in Mumbai is the Lead Manager (BRLM) of Jain Resource IPO. PL Capital Markets Private Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of PL Capital Markets Private Limited .
Dam Capital Advisors Limited (Formerly Idfc Securities Limited), based in Mumbai is the Lead Manager (BRLM) of Jain Resource IPO. Dam Capital Advisors Limited (Formerly Idfc Securities Limited) has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Dam Capital Advisors Limited (Formerly Idfc Securities Limited) .
ICICI Securities Limited, based in Mumbai is the Lead Manager (BRLM) of Jain Resource IPO. ICICI Securities Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of ICICI Securities Limited .
Motilal Oswal Investment Advisors Limited, based in Mumbai is the Lead Manager (BRLM) of Jain Resource IPO. Motilal Oswal Investment Advisors Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Motilal Oswal Investment Advisors Limited .
Jain Resource Recycling IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Jain Resource Recycling Financial Review Page
Merchant Banker(s) of Jain Resource Recycling IPO: PL Capital Markets Private Limited , Dam Capital Advisors Limited (Formerly Idfc Securities Limited) , ICICI Securities Limited , Motilal Oswal Investment Advisors Limited
Jain Resource Recycling IPO subscription was 16.76 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Jain Resource Recycling IPO listed at a listing price of 247.57 against the offer price of 232.00.
The current market price of Jain Resource Recycling is 325.26.
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