<ul><li>Jain Resource Recycling has filed its draft red herring prospectus for a Rs 2,000-crore IPO, consisting of a fresh issue of Rs 500 crore and an offer for sale of Rs 1,500 crore.</li><li>The company reported a revenue of Rs 3,107 crore and a profit after tax of Rs 91.8 crore for FY23, and a revenue of Rs 4,485 crore and a PAT of Rs 163.8 crore for FY24.</li><li>The lead managers for the IPO are DAM Capital, ICICI Securities, Motilal Oswal, and Prabhudas Liladher.</li><li>Jain Resource Recycling specializes in manufacturing non-ferrous metal products by recycling metal scrap, and the IPO proceeds will be used for debt repayment and general corporate purposes.</li></ul>

Jain Resource Recycling Files DRHP For Rs 2,000-Crore IPO

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