Jain Resource Recycling IPO
Jain Resource Recycling IPO
Jain Resource Recycling Limited, incorporated in 2022, is a non-ferrous metal recycling and manufacturing company. Its primary products include lead, copper, and aluminum ingots and alloys, which are used in various industries such as lead-acid batteries, electrical and electronics, pigments, and automotive. The company operates three recycling plants in Chennai, Tamil Nadu, which process different types of metal scrap. Through its subsidiary JIGV, the company also operates a gold refining unit in the Sharjah Airport International Free Zone (SAIF-Zone), UAE. Jain Resource Recycling serves a strong customer base, including Vedanta Limited, Luminous Power Technologies, Mitsubishi Corporation, and Nissan Trading Co., and has a global presence with markets in Singapore, China, Japan, and South Korea.
Investment Timeline
🤖 Smart Analysis
*AI score is algorithmic and for educational purposes only.
🎯 Application Strategy
Action: ⚠️ NEUTRAL - Mixed signals, proceed with caution
Lots: Single lot only for diversification
⏳ Timing Advice
👍 Flexible timing - Apply by Day 3, good allotment chances
Key Factor Analysis
Issue Details
Object of the Issue
The company proposes to utilize 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.
- General corporate purposes.
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