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].