Company Overview - Jain Resource Recycling is engaged in recycling and manufacturing non-ferrous metals such as lead, copper, and aluminium [7] - The company operates three recycling facilities near Chennai and has a gold refining unit in the UAE through a subsidiary [7] - Its customer base includes large domestic and global names such as Vedanta, Luminous Power, Mitsubishi Corporation, and Nissan Trading [7] - Jain Resource Recycling has built a footprint beyond India with exports to markets like Singapore, China, Japan, and South Korea within three years of operations [7] IPO Details - The Initial Public Offering (IPO) was launched on September 24, 2025, with a total size of Rs 1,250 crore, consisting of a fresh issue of Rs 500 crore and an offer for sale worth Rs 750 crore [2] - The IPO was listed on October 1, 2025, at a 14% premium, priced at Rs 265 over the IPO price [2] - The IPO received a strong response, being subscribed 16.8 times overall, with institutional buyers subscribing nearly 27 times their reserved portion, non-institutional investors at 5.6 times, and retail investors at 3.8 times [3] Share Performance - The stock reached a high of Rs 461 on the NSE, rallying 98% over the issue price within a month and a half, although it has since corrected 12% from its high, still trading 77% above the issue price of Rs 232 per share [1][6] - Following the expiry of the three-month IPO anchor lock-in, an additional 12 million shares became eligible for trading, accounting for about 4% of the company's total outstanding equity [1][6] Investor Insights - Ashish Kacholia holds a stake of 1.14%, representing 39,16,875 equity shares, valued at Rs 160.4 crore according to Trendlyne data [6][7] - The company raised Rs 562.5 crore from anchor investors ahead of the IPO, which contributed to investor confidence [3]

Company Overview - Jain Resource Recycling is engaged in recycling and manufacturing non-ferrous metals such as lead, copper, and aluminium [5] - The company operates three recycling facilities near Chennai and has a gold refining unit in the UAE through a subsidiary [5] - Jain Resource Recycling has built a customer base that includes large domestic and global names such as Vedanta, Luminous Power, Mitsubishi Corporation, and Nissan Trading [5] IPO Details - The IPO raised Rs 1,250 crore, consisting of a fresh issue of Rs 500 crore and an offer for sale worth Rs 750 crore [2] - The IPO was open for subscription from September 24 to September 26 and was subscribed 16.8 times overall, with institutional buyers subscribing nearly 27 times their reserved portion [2][6] - The shares were listed at a 14% premium at Rs 265 over the IPO price of Rs 232 and have increased by 41% to Rs 326.90 since the issue [1][2] Shareholding Information - Ashish Kacholia holds a 1.14% stake in Jain Resource Recycling, representing 39,16,875 equity shares, making him one of the top 10 shareholders [1][5] - The current value of Kacholia's holding in the company is approximately Rs 128 crore [5] - Kacholia is known as the 'Big Whale' and has a net worth of over Rs 2,894 crore, holding 50 stocks in total [5]

Core Viewpoint - Jain Resource Recycling's IPO was well-received, indicating strong investor confidence and growth potential in the non-ferrous metals recycling industry [2][6]. Group 1: IPO Details - The IPO raised Rs 1,250 crore, consisting of a fresh issue of Rs 500 crore and an offer for sale of Rs 750 crore [1]. - The issue was subscribed 16.8 times overall, with institutional buyers subscribing nearly 27 times their reserved portion, non-institutional investors at 5.6 times, and retail investors at 3.8 times [2]. Group 2: Company Overview - Jain Resource Recycling specializes in recycling and manufacturing non-ferrous metals such as lead, copper, and aluminium, operating three facilities near Chennai and a gold refining unit in the UAE [3]. - The company has established a diverse customer base, including major firms like Vedanta, Luminous Power, Mitsubishi Corporation, and Nissan Trading, and has expanded its export markets to Singapore, China, Japan, and South Korea [6]. Group 3: Financial Performance - In FY25, Jain Resource Recycling reported a 60% year-on-year revenue increase to Rs 7,162 crore, with profit after tax rising 36% to Rs 223 crore [6]. - The company achieved a return on equity of nearly 41%, although analysts noted a thin net margin of just over 3% for its scale of operations [6]. Group 4: Market Performance - The stock listed at a 14% premium over the IPO price, opening at Rs 265 compared to the issue price of Rs 232 [7]. - The listing's performance is expected to depend on the company's ability to sustain growth, manage commodity price risks, and improve margins in the future [7].