Surat based J B Ecotex Limited, a company engaged in PET recycling, has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India for a proposed Initial Public Offering. The proposed J B Ecotex IPO includes a fresh issue of equity shares worth up to ₹400 crore and an Offer for Sale of up to 12,950,000 equity shares by promoters. The company has also proposed a possible pre IPO placement of up to ₹80 crore. If completed, the amount raised through the pre IPO placement may reduce the size of the fresh issue. This filing marks an important step for the company as it moves toward listing on the stock exchanges and gives investors an opportunity to understand the business, its financial performance and the proposed use of funds.
J B Ecotex IPO Structure
The proposed IPO has both a fresh issue and an Offer for Sale component.
| IPO Component | Details |
|---|---|
| Fresh Issue | Up to ₹400 crore |
| Offer for Sale | Up to 12,950,000 equity shares |
| Face Value | ₹5 per share |
| Possible Pre IPO Placement | Up to ₹80 crore |
| Proposed Listing | NSE and BSE |
| Lead Managers | Motilal Oswal Investment Advisors and JM Financial |
The fresh issue will bring new funds into the company, while shares sold through the OFS will be offered by existing promoters. This dual structure allows the company to raise growth capital while giving existing shareholders an opportunity to sell a portion of their holdings.
How Will J B Ecotex Use the IPO Money
A major portion of the fresh issue proceeds is planned for debt repayment. Around ₹320 crore from the fresh issue is proposed to be used for repayment or pre payment of outstanding borrowings of the company and its subsidiary. The remaining amount is intended for general corporate purposes. This makes debt repayment a major part of the proposed use of funds from the IPO. By reducing its debt burden, the company aims to improve its financial position and create a stronger base for future operations.
Possible Pre IPO Placement of ₹80 Crore
J B Ecotex may also consider a pre IPO placement of up to ₹80 crore. If this placement is completed, the amount raised through it may be deducted from the fresh issue size. Therefore, the final fresh issue size could be affected by the completion of the pre IPO placement. Investors should note that this is a proposed arrangement and the final figures will depend on how the issue process unfolds.
What Does J B Ecotex Do
J B Ecotex was established in 2012 and operates in the PET recycling industry. The company manufactures recycled products from plastic waste, including:
- Recycled Polyester Staple Fibre
- Recycled PET resins
- Recycled PET flakes
- Chemically recycled resins
Its recycled products are used across areas such as textiles and packaging. The company operates its manufacturing facilities in Dhamdod, Surat. By converting plastic waste into usable raw materials, the company plays a role in the circular economy of the plastics and textiles industry.
J B Ecotex Recycling Capacity
J B Ecotex reported an installed recycling capacity of 1,80,360 tonnes as of August 31, 2026. The company has two manufacturing units located in Dhamdod, Surat. Its operations include both mechanical and chemical recycling technologies. The company has also filed a patent application relating to its proprietary chemical recycling technology. This combination of mechanical and chemical recycling allows the company to process different types of PET waste and produce a range of recycled products.
How Many PET Bottles Has J B Ecotex Recycled
The company reported a significant volume of PET recycling over the years. Between FY16 and FY26, J B Ecotex recycled a cumulative 31,244.83 million PET bottles. During FY26 alone, the company processed approximately 3,528.44 million plastic bottles. This works out to an average of more than 9.67 million bottles per day during FY26. The figures highlight the scale of the company PET recycling operations and its role in reducing plastic waste.
J B Ecotex Customer Base
J B Ecotex serves a domestic and international B2B customer base. The company caters to more than 700 customers across India and 25 global destinations. Its customer portfolio includes major beverage companies such as Varun Beverages Ltd and Moon Beverages Ltd. The company also serves customers connected with the broader textile, packaging and recycled material markets. A diversified customer base across industries helps the company reduce dependence on any single sector.
J B Ecotex Financial Performance
The company reported growth in revenue from operations between FY24 and FY26.
| Financial Year | Revenue from Operations | Net Profit |
|---|---|---|
| FY24 | ₹527.3 crore | ₹21.1 crore |
| FY26 | ₹827.6 crore | ₹22.4 crore |
Revenue from operations increased to ₹827.6 crore in FY26 from ₹527.3 crore in FY24. Net profit stood at ₹22.4 crore in FY26, compared with ₹21.1 crore in FY24. These figures form part of the company financial information ahead of the proposed public issue. The growth in revenue reflects the expanding scale of the company operations in the PET recycling sector.
J B Ecotex IPO Share Reservation
The proposed IPO is structured under the book building process. The reservation structure mentioned in the preliminary filing is:
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers | Not more than 50 percent of the net offer |
| Non Institutional Investors | Not less than 15 percent of the net offer |
| Retail Individual Investors | Not less than 35 percent of the net offer |
The final allocation will be subject to the applicable IPO process and conditions.
Promoters Participating in the OFS
Up to 12,950,000 equity shares are proposed to be offered through the Offer for Sale. The promoters participating in the OFS include:
- 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
The OFS component involves the sale of existing shares by these promoter shareholders.
J B Ecotex Manufacturing Facilities in Surat
The company manufacturing operations are based in Dhamdod, Surat. It operates two manufacturing units and has an installed recycling capacity of 1,80,360 tonnes. The company recycling operations cover PET waste processing and the production of recycled materials for different industrial applications. Its scale of operations also includes the processing of billions of PET bottles each year.
J B Ecotex Technology and Recycling Operations
J B Ecotex uses a combination of mechanical and chemical recycling processes. Mechanical recycling involves processing PET waste into recycled material, while the company also has operations involving chemical recycling technology. The company has filed a patent application for its proprietary chemical recycling technology. Its product portfolio includes recycled polyester fibre, PET flakes, recycled PET resins and chemically recycled resins.
Key Risks Mentioned for J B Ecotex
The company business also faces certain risks. One major risk highlighted is product concentration, with a significant dependence on Recycled Polyester Staple Fibre sales. The company also faces risks connected with raw material sourcing and its business dependence on particular markets and products. Another consideration is the company strategic focus on debt reduction compared with immediate capital expenditure. These factors are important when understanding the company business position alongside its proposed IPO.
Proposed J B Ecotex IPO Listing
J B Ecotex has proposed listing its equity shares on both the National Stock Exchange of India and the BSE. The IPO is being managed by Motilal Oswal Investment Advisors and JM Financial as the book running lead managers. The proposed issue is currently at the DRHP stage, meaning the IPO details are based on the draft filing and can be subject to changes during the regulatory and issue process.
J B Ecotex IPO: Key Points
- Surat based PET recycling company
- Established in 2012
- DRHP filed with SEBI
- Fresh issue of up to ₹400 crore
- OFS of up to 12,950,000 equity shares
- Face value of ₹5 per share
- Possible pre IPO placement of up to ₹80 crore
- Around ₹320 crore proposed for debt repayment or pre payment
- Two manufacturing units in Dhamdod, Surat
- Installed recycling capacity of 1,80,360 tonnes
- More than 700 customers across India and 25 global destinations
- More than 31,244.83 million PET bottles recycled between FY16 and FY26
- More than 3,528.44 million bottles processed in FY26
- FY26 revenue from operations of ₹827.6 crore
- FY26 net profit of ₹22.4 crore
- Proposed listing on NSE and BSE
- Motilal Oswal Investment Advisors and JM Financial are the book running lead managers
Conclusion
The J B Ecotex IPO 2026 marks a proposed public offering by a Surat based company operating in the PET recycling sector. The proposed issue includes a fresh issue of up to ₹400 crore along with an OFS of up to 12,950,000 equity shares by promoters. A possible pre IPO placement of up to ₹80 crore could reduce the final fresh issue size. A significant portion of the fresh issue proceeds, around ₹320 crore, is planned for repayment or pre payment of outstanding borrowings, while the remaining funds are intended for general corporate purposes. J B Ecotex operates two manufacturing units in Dhamdod, Surat, with an installed recycling capacity of 1,80,360 tonnes. Its operations include recycled PET products, RPSF, PET flakes, recycled PET resins and chemically recycled resins. The company reported ₹827.6 crore in revenue from operations and ₹22.4 crore in net profit in FY26. Its proposed IPO will be subject to the applicable regulatory and issue process before the shares are listed on the NSE and BSE.
Frequently Asked Questions
Q1. What is the J B Ecotex IPO 2026?
A1. It is a proposed Initial Public Offering by Surat based PET recycling company J B Ecotex Limited, including a fresh issue of up to ₹400 crore and an OFS of up to 12,950,000 equity shares.
Q2. How will J B Ecotex use the IPO proceeds?
A2. Around ₹320 crore from the fresh issue is proposed to be used for repayment or pre payment of outstanding borrowings of the company and its subsidiary, with the remaining amount intended for general corporate purposes.
Q3. What is J B Ecotex installed recycling capacity?
A3. The company reported an installed recycling capacity of 1,80,360 tonnes as of August 31, 2026, with two manufacturing units in Dhamdod, Surat.
Q4. What was J B Ecotex financial performance in FY26?
A4. J B Ecotex reported revenue from operations of ₹827.6 crore and a net profit of ₹22.4 crore in FY26.
Q5. Where will J B Ecotex shares be listed?
A5. The company has proposed listing its equity shares on both the National Stock Exchange of India and the BSE, with Motilal Oswal Investment Advisors and JM Financial as the book running lead managers.