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Jain Resource Recycling Ltd.

IPO Details
  • Issue Type Book building
  • Price range
  • Market Lot
  • Total Equity Shares
  • Face Value Rs. 2
  • Listing Date
IPO Timeline
Opening date
Closing date
Listing Date

IPO Details

We are primarily focused on manufacturing of non-ferrous metal products by way of recycling of non-ferrous metal scrap. Our product portfolio comprises of (i) lead and lead alloy ingots; (ii) copper and copper ingots; and (iii) aluminium and aluminium alloys. Our Company is amongst the two recycling companies in India to get its lead ingot registered as a brand by the London Metal Exchange (Source: CRISIL) which provides the Company a distinct advantage of access to a broader customer base by offering products compliant with international quality standards along with the benefit of LME reference pricing with respect to supply of its products in global markets. We also partnered with M/s Ikon Square Limited UAE (“ISL”), by way of acquiring 70% in Jain Ikon Global Ventures (FZC) a free zone company registered in Sharjah, UAE (hereinafter referred as “JIGV”), resulting JIGV in becoming our subsidiary. The acquisition was undertaken for the purposes of setting up our gold refining facility at Sharjah UAE that commenced refining of gold in the month of August 2024. We are also engaged in trading of non-ferrous metals and other commodities which constitutes 4.20 %, 1.98%, 4.50% and 1.30 % of our revenue from operations for six months period ending September 30, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively.

Projects

1. Project Name: Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Co

Project Cost: 3750

Promoters

Prmoters Name

1. Kamlesh Jain

Prmoters Holdings
  • Pre Share Capital: 284758425
  • Pre Promoter Holding: 88.01
  • Offer to Public:
  • Post Share Capital:
  • Post Promoter Holding:

Registrar

Registrar Name:Karvy Computershare Pvt Ltd
Phone: 91-040-67161500
Email: einward.ris@karvy.com
Website: www.karvy.com

Lead Managers

  • Dam Capital Advisors Ltd. (Formerly IDFC Securities Ltd.)
  • ICICI Securities Ltd
  • Motilal Oswal Investment Advisors Pvt Ltd
  • PL Capital Markets Pvt Ltd

Subscription Details