Jain Resource Recycling shares list at 14% premium over IPO price
- 1st October 2025
- 12:30 PM
- 3 min read
Summary
Jain Resource Recycling made a strong debut on October 1, 2025, listing at ₹265.05 on NSE and ₹265.25 on BSE, delivering listing gains of about 14% over its issue price of ₹232. The IPO was heavily oversubscribed, receiving bids nearly 17 times the offer size, reflecting strong demand from investors across categories.Jain Resource Recycling IPO Listing Performance
Mumbai | 1 October– Jain Resource Recycling’s shares hit the market with a bang, exceeding grey market expectations. On NSE, the stock opened at ₹265.05, up 14.25% from the IPO price, while on BSE, it listed at ₹265.25, marking a 14.33% premium.
Interestingly, the GMP had suggested only a 5% gain with a listing near ₹245. Instead, the shares opened closer to ₹265, giving investors a 14% premium over the IPO price.
IPO Size, Structure, and Subscription
The IPO, which ran from September 24 to September 26, 2025, raised ₹1,250 crore in total.
- Price band: ₹220–₹232 per share.
- Fresh Issue: ₹500 crore
- Offer for Sale (OFS): ₹750 crore
- Lot Size: 64 shares
The IPO saw robust demand:
- Overall Subscription: 16.76×
- QIBs: 26.67×
- NIIs: 5.59×
- Retail: 3.81×
Allotments were finalised on September 29, 2025, with shares listing on October 1.
Proceeds from the fresh issue will primarily go towards repayment of borrowings and general corporate purposes.
Dam Capital Advisors acted as the book-running lead manager, while KFin Technologies was the registrar.
About the Company
Incorporated in 2022, Jain Resource Recycling Limited is engaged in recycling and manufacturing non-ferrous metals. Its product line includes lead and lead alloys, copper ingots, and aluminium alloys, which are critical inputs across multiple industries.
The company supplies to a wide spectrum of sectors including:
- Lead-acid battery manufacturers
- Electrical and electronics
- Pigments and chemicals
- Automotive and allied industries
Its customers include both Indian and global companies such as Vedanta, Luminous Power, Mitsubishi, and Nissan Trading. The firm also exports to markets like Singapore, China, Japan, and South Korea.
Financial Performance
The company has grown rapidly in just three years.
- Revenue in FY25 jumped 60% year-on-year to ₹7,162 crore.
- Net profit rose 36% to ₹223 crore Vs ₹164 Crore in FY24
- Return on Equity (ROE) stood at a healthy 41%.
Analysts, however, caution that net margins remain thin at just over 3%, which could pressure long-term profitability.
What Investors Should Watch
The IPO gave investors double-digit listing gains.
Demand for recycled metals is growing as industries move towards sustainability and circular economy practices.
At the same time, margins in this sector are thin and closely tied to commodity price movements. Long-term success will depend on how well the company can scale operations, manage costs, and expand its product lines.
For now, Jain Resource Recycling has begun its stock market journey on a strong note, rewarding IPO investors with a solid debut.
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