Stories
J B Ecotex Files IPO Papers with Sebi, Aims for Rs 400 Crore Fresh Issue
N
News18•29-09-2026, 13:15
J B Ecotex Files IPO Papers with Sebi, Aims for Rs 400 Crore Fresh Issue
- •J B Ecotex Ltd has filed preliminary papers with Sebi for an Initial Public Offering (IPO) comprising a fresh issue of shares worth Rs 400 crore.
- •The IPO also includes an Offer for Sale (OFS) of up to 1.29 crore equity shares by promoters, with a potential pre-IPO placement of up to Rs 80 crore.
- •Proceeds from the fresh issue, specifically Rs 320 crore, will be used for repayment of outstanding borrowings, with the remainder for general corporate purposes.
- •J B Ecotex, incorporated in 2012, recycles PET bottles and waste into products like recycled polyester staple fibre and food-grade recycled PET resins, operating two facilities in Dhamdod, Surat.
- •The company recycled over 3,528.44 million plastic bottles in FY26, served more than 700 customers across India and 25 other countries, and reported revenue of Rs 827.6 crore in FY26.
Key Questions Answered
J B Ecotex has filed preliminary papers with Sebi to raise funds through an Initial Public Offering that includes a fresh issue of shares worth Rs 400 crore. Additionally, the IPO features an Offer for Sale of up to 1.29 crore equity shares by promoters.
Of the fresh issue proceeds, Rs 320 crore will be utilized for the full or partial repayment or pre-payment of outstanding borrowings for the company and its subsidiary. The remaining balance is earmarked for general corporate purposes.
Incorporated in 2012, J B Ecotex recycles PET bottles and waste to manufacture recycled PET products such as polyester staple fibre, flakes, and resins. The Surat-based company operates two manufacturing facilities in Dhamdod.
