JAIN RESOURCE RECYCLING LIMITED’S ₹12,500 MILLION IPO TO OPEN ON WEDNESDAY, SEPTEMBER 24, 2025

Jain Resource Recycling Limited (“JRRL” or “Company”), shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Wednesday, September 24, 2025.

The total offer size of equity shares with face value ₹ 2 each aggregating up to ₹ 1,250 Crore (₹12,500 million)  (“Total Offer Size”) comprises of fresh issue of equity shares aggregating up to ₹ 500 Crore (₹ 5,000 million) and Offer for sale of equity share aggregating up to ₹ 750 Crore (₹7,500 million). The Offer for Sale comprises of up to ₹ 715 Crore (₹7,150 million) by Kamlesh Jain (the “Promoter Selling Shareholder”); and up to ₹35 Crore (₹ 350 million) by Mayank Pareek (the “Other Selling Shareholder”).

The price band for the Offer is at ₹ 220 to ₹ 232 per Equity Share. (“Price Band”).

The Anchor Investor Bidding Date shall be Tuesday, September 23, 2025. The Bid/Offer will close on Friday, September 26, 2025. Bids can be made for a minimum of 64 equity shares of face value of ₹2 each and in multiples of 64 equity shares thereafter. (“Bid Details”)

The Company proposes to utilize the net proceeds from the fresh issue towards: (i) Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company estimated to be ₹375 Crore (₹ 3,750 million), and balance towards (ii) General corporate purposes. (“Objects of the Offer”)

The Equity Shares are being offered through the Red Herring Prospectus of the Company dated September 18, 2025 filed with the Registrar of Companies, Tamil Nadu & Andaman at Chennai. (“ROC”)

The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”).

DAM Capital Advisors Limited, ICICI Securities Limited, Motilal Oswal Investment Advisors Limited & PL Capital Markets Private Limited are the book running lead managers to the Offer (the “BRLMs”).