Jain Resource Recycling IPO Set to hit Indian Market

Chennai-based Jain Resource Recycling, India’s leading non-ferrous metal recycler, is set to make a stock market debut with a book-building issue of ₹ 1,250 crores, comprising a fresh issue of ₹500 crores and an offer for sale of ₹750 crores.

The company has been a major player in the metal recycling industry for over seven decades. It was established as a partnership firm in 1953 under the name Jain Metal Rolling Mills.

It specialises in recycling and processing scrap copper, aluminium, and lead, transforming discarded materials into high-quality raw materials for industries such as automotive, electrical, construction, and industrial manufacturing.

These refined raw materials are utilised in various applications, including car batteries, wires, electronics, paint pigments, and other products. Apart from serving in India, it has a presence in over 50 countries, including China, Singapore, South Korea, and the UAE.

The Chennai-based company also claims to have deep sourcing capabilities through strategically located traders, allowing for competitive pricing and timely delivery of raw materials.

The integrated recycling facilities, especially in Gummidipoondi (near Chennai), process scrap copper, lead, and aluminium. The facility is located near key ports, including Chennai and Ennore Ports, which further enhances logistics, enabling efficient imports of raw materials and exports of finished products.

The company is among the two recycling companies in India to have its lead ingot registered as a brand by the London Metal Exchange; the other is its competitor, Gravita India.

Driven by environmental, economic, and policy factors, the prospects for metal recycling in India and globally are robust, indicating sustained growth and innovation.

Growth is driven by increased adoption of electric vehicles, the renewable energy boom, and electronics manufacturing, catalysing demand for recycled copper and aluminium.

Furthermore, recycling metals has a positive sustainability impact, as it saves up to 95% of the energy required for primary production and reduces greenhouse gas emissions. Companies are adopting recycled metals to minimise their carbon footprint and conserve resources.

In terms of policies, countries are promoting metal recycling to support a circular economy that reduces dependency on imported raw materials, minimises environmental impact, and strengthens sustainable metal supply chains for their net-zero transitions.

Jain Resource Recycling revenue increased by approximately 60% from ₹4,484.84 crore in FY24 to ₹7,162.15 crore in FY25, and Profit After Tax rose by 36%, from ₹163.83 crore in FY24 to ₹223.29 crore in FY25.

The Jain Resource Recycling IPO is open from September 24 to September 26, 2025, with a price band of ₹220 to ₹232 per share and a minimum lot size of 64 shares.