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Exim Routes Ltd

Exim Routes Ltd

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹88
₹88
GMP (Grey Market)
+₹9
+10.23%
Est. Listing Price
₹97
Based on GMP
Min. Investment
₹140,800
1 lot × 1600 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
12 Dec 2025
Close Date
16 Dec 2025
Allotment
17 Dec 2025
Listing Date
19 Dec 2025
Exchange
NSE SME
Price Band
₹88
Listing Price
See chart
Allotment Status
Price Band
₹88
Per share
Face Value
₹5 per share
 
Lot Size
1,600 Shares
per lot
Issue Size
49,69,600 shares (aggregating up to ₹43.73 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹140,800
1 lot
Pre-IPO Holding
1,37,82,400 shares
Promoters
Post-IPO Holding
1,87,52,000 shares
Promoters
P/E (Pre)
16.04x
 
P/E (Post)
35.18x
 
EPS (Pre)
₹5.49
 
EPS (Post)
₹2.50
 
UPI Deadline
2025-12-16
Mandate
GMP
+₹9
+10.23% est.
Anchor AllotmentThu, 11 Dec 2025
Basis of AllotmentWed, 17 Dec 2025
Refund InitiationThu, 18 Dec 2025
Demat CreditThu, 18 Dec 2025
Listing DayFri, 19 Dec 2025
UPI Mandate Deadline2025-12-16
Sale TypeFresh Capital
Net Offer to Public47,20,000 shares (aggregating up to ₹41.54 Cr)
Market Maker Quota2,49,600 shares (aggregating up to ₹2.20 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Exim Routes Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 16 Dec 2025.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
249,600
₹2.20
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
4,969,600
100% ₹43.73
IPO Shares Offered
Exim Routes Ltd IPO total issue size: ₹43.73 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 249,600 ₹2.20
5.02%
Total 4,969,600 ₹43.73
100.00%
* Based on upper price band ₹88 per share
Lot Size & Investment
Lot Size
1,600
Shares per Lot
Issue Price
₹88.00
Upper Band
Min Investment
₹140,800
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)23,200₹281,600
Retail (Max — 13 Lots)1320,800₹1,830,400
S-HNI (Min — 14 Lots)1422,400₹1,971,200
B-HNI (Min — 68 Lots)68108,800₹9,574,400
* Issue Price ₹88 × Lot Size 1,600 shares
IPO Schedule
Anchor
11 Dec 2025
✓ Done
IPO Open
12 Dec 2025
✓ Done
IPO Close
16 Dec 2025
✓ Done
Allotment
17 Dec 2025
✓ Done
Refunds
18 Dec 2025
✓ Done
Demat Credit
18 Dec 2025
✓ Done
Listing Day
19 Dec 2025
✓ Done
Exim Routes Ltd — Live Price LIVE
₹88.00
INR · NSE
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Issue ₹88.00 GMP: +₹9 Live Price
About Exim Routes Ltd
Incorporated in April 2019, Exim Routes Limited is a global platform that facilitates the exchange of recyclable paper materials, offering end-to-end services to Indian Paper Mills, from sourcing waste paper to quality assurance and logistics.The Company operates through a group structure, with an Indian parent, Exim Routes Limited, and foreign subsidiaries.Exim Routes is a global recyclable exchange company focused on facilitating cross-border trade in recyclable materials, particularly paper and metal scrap.Exim Routes uses its proprietary AI-powered B2B platform (referred to as “ERIS”) to connect buyers and sellers of recyclable paper, streamlining procurement, supply-chain and delivery. Its business model involves sourcing wastepaper globally and supplying to Indian mills, handling logistics and trade coordination across geographies.Their operations span multiple continents, with a strong presence in India and Singapore, as well as subsidiaries in the USA, UK, Germany, and South Africa.They offer comprehensive services, including sourcing, quality assurance, logistics, and trade execution.Exim Routes combines a global network with a tech-driven approach to simplify the recyclables trade ecosystem.As of November 30, 2025, our Company has 18 employees.Competitive strengthsA globally oriented sourcing network for recyclable paper materials, enabling access to international supply.An AI-enabled B2B platform (ERIS) facilitates efficient buyer-seller matching and transaction coordination.An end-to-end service model including procurement, logistics, and delivery — reducing complexity for Indian paper mills.Experienced promoters and management with expertise in trade, supply chain, and business operations. A business model tailored to meet demand from Indian paper mills seeking a consistent supply of recyclables.
Objects of the Issue
1
To meet out the expenses for Development and Maintenance of the ERIS platform
2
To meet out the expenses for Working Capital to fund business growth
3
To meet out the expenses for Investment in Office space to accommodate new hires
4
General Corporate Purposes
Exim Routes Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹72.4
31 Mar 2024
₹121.0
31 Mar 2025
₹44.2
30 Jun 2025
Profit After Tax (PAT)
₹4.2
31 Mar 2024
₹7.6
31 Mar 2025
₹1.2
30 Jun 2025
Particulars30 Jun 202531 Mar 202531 Mar 2024
Revenue from Operations 44.17 120.99 72.39
EBITDA 1.39 9.95 4.58
Profit After Tax (PAT) 1.17 7.56 4.20
Net Worth 16.38 15.60 1.18
Total Assets 50.97 47.62 20.53
Reserves & Surplus 15.71 14.41 3.58
Borrowings 5.10 2.75 1.46
EBITDA Margin (%) 8.24%
PAT Margin (%) 6.27%
P/BV Ratio
7.77
RoE
53.14%
RoCE
35.53%
RoNW
42.28%
PAT Margin
6.27%
EBITDA Margin
8.24%
Debt/Equity
0.20
Issue Structure & Shareholding
Total Shares Offered49,69,600 (100.00%)
Net Offer to Public47,20,000 shares (aggregating up to ₹41.54 Cr)
Reserved for Market Maker2,49,600 shares (aggregating up to ₹2.20 Cr)
Pre-Issue Promoter Holding1,37,82,400 shares
Post-Issue Promoter Holding1,87,52,000 shares
P/BV Ratio7.77
RoE53.14%
RoCE35.53%
Debt / Equity0.20
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Narnolia Financial Services Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Exim Routes Ltd IPO subscribed?

Exim Routes Ltd IPO is subscribed 1.00 times by Dec 16, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Exim Routes Ltd IPO retail subscription status?

The Exim Routes Ltd IPO retail category is subscribed 1.00 times as of 16 Dec 2025. The retail portion is oversubscribed.

How to subscribe Exim Routes Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 12 Dec 2025 and closes 16 Dec 2025. Min investment: ₹140,800 (1 lot = 1,600 shares). UPI mandate: 2025-12-16.

How many times Exim Routes Ltd IPO subscribed?

The Exim Routes Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Exim Routes Ltd IPO allotment?

Check allotment on the registrar website (Maashitla Securities Pvt.Ltd) at https://maashitla.com/allotment-status/public-issues. Enter your PAN, application number or DP/Client ID. Allotment date: 17 Dec 2025. Refunds: on 18 Dec 2025.

When Exim Routes Ltd IPO will be listed?

The Exim Routes Ltd IPO listing date is 19 Dec 2025, Friday. Listed on: NSE SME. Issue price: ₹88. Estimated listing: ₹97. GMP: +₹9.

When Exim Routes Ltd IPO close?

The Exim Routes Ltd IPO closes on 16 Dec 2025, Tuesday. UPI mandate: 2025-12-16. Allotment: 17 Dec 2025. Listing: 19 Dec 2025.