New Delhi, April 1 -- Jain Resource Recycling Limited, and Runwal Enterprises Limited has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO).

Jain Resource Recycling stands as India's leading and most rapidly expanding business in the non-ferrous metal recycling sector, based on revenue figures for fiscal years 2024, 2023, and 2022, according to CRISIL. The primary focus of Jain Resource Recycling is to produce non-ferrous metal products by recycling non-ferrous metal scrap. The company's range of products includes lead and lead alloy ingots; copper and copper ingots; and aluminium and aluminium alloys.

The public offering, ...