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Jain Resource Recycling IPO Review

Jain Resource Recycling IPO has been reviewed by 3 analysts, and the overall consensus is Strong Apply — carrying a score of 86. Out of the 3 analysts who have covered this IPO, 2 recommend subscribing while 1 advises caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹220-232 per share, with a minimum application size of 64 shares (minimum investment of approximately ₹14,848 at the upper band). Subscription ran from 24 Sep 2025 to 26 Sep 2025. The issue size is ₹1,250 crore, a mix of fresh issue and offer for sale. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
86/ 100
Strong Apply 2 of 3 recommend subscribing
How analysts voted
Apply 2
Neutral 1
Not rated 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Jain Resource Recycling recycles and produces non-ferrous metals, converting scrap into lead, copper and aluminium ingots through a vertically integrated process. Revenue more than doubled from ₹3,107.53 crore in FY23 to ₹7,162.15 crore in FY25, with EBITDA reaching ₹368.58 crore. Coverage was thin: one subscribe and one neutral rating.

Listing gains

With only two notes on a substantial ₹1,250 crore issue, there is limited analyst basis for a listing view. The split between one subscribe and one neutral rating gives no clear direction. Thin coverage relative to issue size is itself worth noting when reading the listing expectation.

Short-term strategy

Growth has been rapid, with revenue rising about 60 percent in FY25 alone. But EBITDA of ₹368.58 crore on ₹7,162.15 crore of revenue is a margin near 5 percent, which is characteristic of metal recycling where scrap cost passes through. Near-term earnings therefore follow metal prices closely.

Long-term strategy

The notes credit a niche position across three major non-ferrous metals, copper, lead and aluminium, with a vertically integrated recycling process. Diversification across metals reduces dependence on any single one. With thin margins, long-term returns depend on volume growth and on scrap availability staying reliable.

How this is written: an AI-assisted summary of the 4 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

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Frequently asked

Should I apply for Jain Resource Recycling IPO?

The analyst consensus for Jain Resource Recycling IPO tracked on this page is Strong Apply, with a score of 86/100. Out of 3 analysts who have reviewed this IPO, 2 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 86 mean for Jain Resource Recycling IPO?

The score of 86 is an aggregate of all analyst ratings tracked for Jain Resource Recycling IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of Jain Resource Recycling IPO?

Jain Resource Recycling IPO listed on October 1, 2025 at ₹265, against the issue price of ₹232 — a gain of +14.22% (₹33 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Jain Resource Recycling IPO?

Jain Resource Recycling IPO was priced at ₹220-232 per share. The minimum lot size is 64 shares, making the minimum investment approximately ₹14,848 at the upper end of the price band. Subscription ran from 24 Sep 2025 to 26 Sep 2025.

Explore Jain Resource Recycling IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Jain Resource Recycling IPO review

A verdict is an opinion, not a guarantee.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strong Apply
Score
86 / 100
Listed at
₹265
Full IPO details