Jain Resource Recycling is a well-established Indian company specializing in the recycling and production of non-ferrous metals. Founded as a partnership in 1953 and later incorporated in 2022, the company has decades of experience in the industry. Its core business is transforming metal scrap into high-quality products like lead, copper, and aluminum ingots and alloys, which are used in various sectors, including automotive and electronics.

The company operates three recycling facilities in Chennai and has a global network for sourcing raw materials from over 120 countries. One of its key strengths is its London Metal Exchange (LME) registered lead brand, which gives it a competitive edge in international markets. While the company’s brief venture into gold refining through its UAE subsidiary was discontinued due to low margins, its main business remains robust, with exports accounting for over 60% of its revenue in fiscal year 2025. Backed by a strong management team, Jain Resource Recycling is a significant player in the global metal recycling industry.

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• Profitability & Performance: We have a track record of consistent profitability in an industry with high barriers to entry.
• Strategic Facilities: Our strategically located recycling facilities can handle multiple product lines efficiently.
• Global Reach: We have a strong global customer base and deep sourcing capabilities for raw materials.
• Risk Management: Our Company applies a hedging mechanism to protect against commodity price risks.

The Company JAIN RESOURCE RECYCLING LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company (₹ 375 Cr.)
• General Corporate Purposes

At the upper band of IPO ₹ 232, the stock is valued at 35.86 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.