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J B Ecotex Files Draft IPO Papers, Eyes ₹400 Crore
J B Ecotex wants to sell shares to the public for the first time.
It has submitted its IPO plans to Sebi.
The company hopes to raise up to ₹400 crore by issuing new shares.
Its promoters may also sell up to 1.29 crore existing shares.
The company could raise another ₹80 crore before the IPO, which would reduce the new share issue.
Most of the new money would be used to repay loans.
J B Ecotex recycles used plastic bottles into materials for clothing and packaging.
It says it recycled more than 3.52 billion bottles in FY26.
Surat-based J B Ecotex has filed draft IPO documents with the Securities and Exchange Board of India.
The proposed IPO includes a fresh issue of up to ₹400 crore and an offer for sale of up to 1.29 crore promoter shares.
The company may conduct a pre-IPO placement of up to ₹80 crore, which would reduce the fresh issue size.
J B Ecotex plans to use ₹320 crore to repay or prepay borrowings, with the balance for general corporate purposes.
The PET recycler reported FY26 revenue of ₹827.6 crore and net profit of ₹22.4 crore.
- Who
- J B Ecotex Ltd, its promoters, and the Securities and Exchange Board of India.
- What
- J B Ecotex filed draft documents for an IPO involving a fresh issue of up to ₹400 crore and a promoter offer for sale.
- Where
- The company is based in Surat and operates manufacturing facilities at Dhamdod in Surat; the shares are proposed to list on the BSE and NSE.
- When
- The draft red herring prospectus was filed on Monday; company figures cited are as of March 31, 2026.
- Why
- J B Ecotex plans to use ₹320 crore to repay or prepay borrowings, with the remaining fresh-issue proceeds for general corporate purposes.
Key facts
- Fresh issue
- Up to ₹400 crore
- Promoter offer for sale
- Up to 1.29 crore equity shares
- Potential pre-IPO placement
- Up to ₹80 crore
- Debt repayment allocation
- ₹320 crore from the fresh issue
- FY26 revenue
- ₹827.6 crore
- FY26 net profit
- ₹22.4 crore
- Recycling volume
- More than 3.52 billion plastic bottles in FY26
Sources
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