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NSE SME Bookbuilding IPO Fresh Capital Closed

Exim Routes Ltd IPO 2026

Face Value: ₹5  ·  Lot Size: 1,600 shares  ·  Min Investment: ₹140,800
₹88
Issue Price
+₹9
GMP Today
49,69,600 (100.00%)
Total Shares Offered
₹97
Est. Listing
Allotment Status
📅
Open Date
2025-12-12
📅
Close Date
2025-12-16
🎟️
Allotment
2025-12-17
UPI Mandate
2025-12-16
📱
Listing Date
2025-12-19
🔗
Script Code
TBA
Grey Market Premium (GMP)
LIVE
Current GMP
+₹9
+10.23% vs Issue Price
Estimated Listing: ₹97
Issue Price: ₹88  ·  Lot: 1,600 shares
Expected P&L (1 lot): +₹14,400 on ₹140,800
GMP is unofficial grey market data. It does not guarantee listing price or returns.
Financial Overview
Amount in ₹ Crore
Metric 30 Jun 2025 31 Mar 2025 31 Mar 2024
Revenue 44.17 120.99 72.39
Profit After Tax 1.17 7.56 4.20
EBITDA 1.39 9.95 4.58
Net Worth 16.38 15.60 1.18
Total Assets 50.97 47.62 20.53
Reserves & Surplus 15.71 14.41 3.58
Total Borrowings 5.10 2.75 1.46
Key Financial Ratios
53.14%
ROE
Return on Equity
35.53%
ROCE
Return on Capital Employed
42.28%
RONW
Return on Net Worth
6.27%
PAT Margin
PAT / Revenue
8.24%
EBITDA Mgn
EBITDA / Revenue
0.20
D/E Ratio
Debt to Equity
7.77
P/BV
Price to Book Value
Issue Details
Total Shares Offered
49,69,600 (100.00%)
Net Offer to Public
47,20,000 shares (aggregating up to ₹41.54 Cr)
Market Maker Reservation
2,49,600 shares (aggregating up to ₹2.20 Cr)
Pre-Issue Shareholding
1,37,82,400 shares%
Post-Issue Shareholding
1,87,52,000 shares%
Issue Price
₹88
Face Value
₹5
Lot Size
1,600 shares
Listing Exchange
NSE SME
Issue Type
Bookbuilding IPO
Objects of Issue
To meet out the expenses for Development and Maintenance of the ERIS platform
To meet out the expenses for Working Capital to fund business growth
To meet out the expenses for Investment in Office space to accommodate new hires
General Corporate Purposes
Lead Managers
Narnolia Financial Services Ltd.
IPO Timeline
Open
2025-12-12
Close
2025-12-16
Allotment
2025-12-17
Listing
2025-12-19
Registrar Details
Maashitla Securities Pvt.Ltd
+91-11-45121795-96
contact@maashitla.com
Check Allotment Status
Company Information
Email
cs.er@eximroutes.in
Phone
+91 95602 71761
Address
Unit No 421, 4th Floor, Suncity Success Tower, Golf Course Extension Road, Sector 65, Gurgaon, Haryana, 122101
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 strengths

  • A 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.
Quick Facts
GMP Signal
Bullish 🚀
Status
Closed
Issue Price
₹88
Lot Size
1,600 sh
Est. Listing
₹97
Pre-Issue Hold.
1,37,82,400 shares%
Post-Issue Hold.
1,87,52,000 shares%
Registrar
Maashitla Securities Pvt.Ltd
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GMP %
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