J B Ecotex Ltd. IPO Details
J B Ecotex was incorporated on October 31, 2012. The company is the second-largest PET recycling company in India by installed capacity of 180,360 MTPA as of August 31, 2026, recycling PET bottles and other waste into products used in textiles, food-grade packaging and other packaging materials. It is the only company in India with both mechanical and chemical PET recycling capabilities and one of two companies with commercial-scale chemical recycling capabilities as of August 31, 2026
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 13.0 M | - | - | ₹4,000.0 M | DRHP DOC |
J B Ecotex issue details
J B Ecotex has 13.0 M shares on offer
J B Ecotex IPO issue size is ₹ 4,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
J B Ecotex IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
J B Ecotex NUMBER OF SHARES ON OFFER
J B Ecotex FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 827.6 | 22.5 | 82.1 | 17.0 | 10.9% |
| FY25 | 716.2 | 20.6 | 31.5 | -37.4 | 10.7% |
| FY24 | 527.4 | 21.1 | 15.7 | -139.2 | 10.1% |
J B Ecotex INFORMATION ON IPO ISSUE
About J B Ecotex
J B Ecotex was incorporated on October 31, 2012. The company is the second-largest PET recycling company in India by installed capacity of 180,360 MTPA as of August 31, 2026, recycling PET bottles and other waste into products used in textiles, food-grade packaging and other packaging materials. It is the only company in India with both mechanical and chemical PET recycling capabilities and one of two companies with commercial-scale chemical recycling capabilities as of August 31, 2026
Object of the Issue
- Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings availed by the company and its material subsidiary, JB rPET Industries Private Limited
- General corporate purposes
J B Ecotex - PROMOTERS
| Name |
|---|
| Jitendrakumar Fulchand Arya |
| Ayodhyaprasad Jugalkishore Singhal |
| Rajesh Ramniwas Gupta |
| Vishal Kejriwal |
| Ramdas Laxminarayan Jindal |
| Himanshu Surendra Jariwala |
| Hemant Vimalkumar Dhandharia |
| Monika Rajesh Gupta |
| Sajjan Kumar Kejriwal |
| Samarth Arya |
J B Ecotex - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Jitendrakumar Fulchand Arya | Chairman & Non-Executive Director |
| Ayodhyaprasad Jugalkishore Singhal | Managing Director |
| Vishal Kejriwal | Non-Executive Director |
| Rajesh Ramniwas Gupta | Non-Executive Director |
| Piyush Goenka | Non-Executive Independent Director |
| Anil B Goyal | Non-Executive Independent Director |
| Rajesh Kumar Modi | Non-Executive Independent Director |
| Raksha Agarwal | Non-Executive Independent Director |
J B Ecotex Book Running Lead Manager
Motilal Oswal Investment Advisors Limited
jb.ipo@motilaloswal.com
JM Financial Limited
jbecotex.ipo@jmfl.com
J B Ecotex Registrar to the Offer
MUFG Intime India Private Limited
jbecotex.ipo@in.mpms.mufg.com
J B Ecotex Strengths
Diversified recycling
The company is the only company in India with both mechanical and chemical PET recycling capabilities and one of two companies with commercial-scale chemical recycling capabilities as of August 31, 2026. Its diversified portfolio includes RPSF, food-grade rPET resins, rPET flakes and chemically recycled resins, enabling it to process conventional PET waste as well as complex, contaminated, coloured and degraded materials
Manufacturing capabilities
The company has the largest PET recycling manufacturing capacity at a single location in India as of August 31, 2026, with two adjacent facilities in Dhamdod, Surat, Gujarat, enabling cost and operational efficiencies. Centralised procurement, flexible feedstock utilisation, shared infrastructure, utilities and maintenance, and coordinated management support bulk sourcing, lower handling and transportation costs, efficient capacity utilisation and consistent quality control
Broad & differentiated product portfolio
The company offers a diversified PET recycling portfolio comprising RPSF, food-grade rPET resins, rPET flakes and chemically recycled resins, serving textile, packaging, consumer goods and industrial applications. This broad portfolio supports multiple revenue streams, enables flexible production based on market demand and provides access to mass-market as well as higher-value recycled PET segments, while the company has also filed a patent application for its proprietary chemical recycling technology
J B Ecotex Risks
Raw material supply risks
The company depends on a diversified network of suppliers for PET waste, primarily through purchase orders without long-term supply arrangements, exposing it to supply disruptions, supplier defaults and fluctuations in raw material quality. Contamination, variable composition and changes in PET waste and recycled PET prices may reduce recovery yields, increase costs, cause inventory gains or losses and adversely affect its margins, profitability and financial performance
Regulatory risks
The company’s operations are subject to environmental, health, safety and labour regulations and require timely renewal of various statutory approvals and licences. Changes in regulations, water availability restrictions, hazardous waste management requirements or delays in approvals may increase costs, require additional capital expenditure or disrupt washing and recycling operations, adversely affecting its business and financial performance
Labour intensive business
The company’s operations are labour-intensive and depend on the availability, productivity and retention of its workforce, exposing it to risks from labour shortages, attrition, strikes, work stoppages and wage increases. Difficulty in recruiting or retaining suitable personnel, higher statutory employment costs or workforce disruptions could adversely affect its operations, business and financial performance
IPO FAQs
The promoters of the company are Jitendrakumar Fulchand Arya, Ayodhyaprasad Jugalkishore Singhal, Rajesh Ramniwas Gupta, Vishal Kejriwal, Ramdas Laxminarayan Jindal, Himanshu Surendra Jariwala, Hemant Vimalkumar Dhandharia, Monika Rajesh Gupta, Sajjan Kumar Kejriwal and Samarth Arya.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.