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Exim Routes Ltd IPO
NSE SME Bookbuilding IPO Fresh Capital Closed Live Chart
GMP +₹9 +10.23% Est. Listing ₹97 P&L/Lot +₹14,400
Issue Price
₹88
Face ₹5
GMP
+₹9
+10.23% premium
Est. Listing
₹97
GMP based
Lot Size
1,600
shares / lot
Min Amount
₹140,800
1 lot · 1,600 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
12 Dec 2025
Fri Completed
Done
Close Date
16 Dec 2025
Tue Completed
Done
Allotment
17 Dec 2025
Wed Completed
Done
Refund
18 Dec 2025
Thu Completed
Done
Demat Credit
18 Dec 2025
Thu Completed
Done
Listing Date
19 Dec 2025
Fri Completed
UPI Deadline: 16 Dec 2025
Issue Details
Pricing & Size
Issue Price
₹88 Face ₹5
Lot Size
1,600 shares
Min Investment
₹140,800
Total Issue Size
49,69,600 shares (aggregating up to ₹43.73 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital
Listing Exchange
NSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
2,49,600 (5.02%)
QIB Portion
23,52,000 (47.33%)
NII / HNI
7,10,400 (14.29%)
Retail
16,57,600 (33.35%)
Employee
-
Net Offer to Public
47,20,000 shares (aggregating up to ₹41.54 Cr)
Shareholding Pattern
Pre-Issue Shareholding
1,37,82,400 shares
Post-Issue Shareholding
1,87,52,000 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 2 3,200 ₹2,81,600
HNI / NII 3 4,800 ₹4,22,400
Objects of Issue
4 objectives
1
To meet out the expenses for Development and Maintenance of the ERIS platform
11.87 Cr
2
To meet out the expenses for Working Capital to fund business growth
9.00 Cr
3
To meet out the expenses for Investment in Office space to accommodate new hires
7.13 Cr
4
General Corporate Purposes
Lead Managers & Market Maker
Book Running Lead Managers
Narnolia Financial Services Ltd.
Market Maker
Nikunj Stock Brokers Ltd
IPO Timeline
Open
12 Dec
✓ Done
Close
16 Dec
✓ Done
Allotment
17 Dec
✓ Done
Listing
19 Dec
✓ Done
Registrar Details
Maashitla Securities Pvt.Ltd
SEBI Registered Registrar & Transfer Agent
Phone
+91-11-45121795-96
Email
contact@maashitla.com
Company Contact
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
Grey Market Premium
LIVE
Current GMP
+₹9
+10.23% vs Issue Price
Issue Price
₹88
Est. Listing
₹97
Lot Size
1,600 shares
P&L / Lot
+₹14,400
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Exim Routes Ltd LIVE
INR ·
vs Issue
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| Price
Market Reference
IPO Issue Price
₹88
GMP
+₹9 (+10.23%)
GMP Est. Listing
₹97
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 23,52,000 (47.33%) ₹2,069.76 Cr
NII / HNI (Total) 7,10,400 (14.29%) ₹625.15 Cr
Retail Investors 16,57,600 (33.35%) ₹1,458.69 Cr
Total ** 49,69,600 (100.00%) ₹43,732.48 Cr
Market Maker * 2,49,600 (5.02%) ₹21.96 Cr
* Based on ₹88.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
23,52,000 (47.33%)
NII
7,10,400 (14.29%)
Retail
16,57,600 (33.35%)
Market Maker
2,49,600 (5.02%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Crore
Metric30 Jun 202531 Mar 202531 Mar 2024
Revenue44.17120.9972.39
PAT1.177.564.20
EBITDA1.399.954.58
Net Worth16.3815.601.18
Total Assets50.9747.6220.53
Reserves15.7114.413.58
Borrowings5.102.751.46
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
5.49
Pre EPS
EPS Pre-Issue
2.50
Post EPS
EPS Post-Issue
16.04
Pre P/E
P/E Pre-Issue
35.18
Post P/E
P/E Post-Issue
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.
Frequently Asked Questions
What is the issue price of Exim Routes Ltd IPO?
The issue price of Exim Routes Ltd IPO is ₹88 per share, face value ₹5.
What is the lot size?
Minimum lot size is 1,600 shares, requiring ₹140,800.
What are the IPO dates?
Opens 12 Dec 2025, closes 16 Dec 2025.
When is the listing date?
Tentative listing: 19 Dec 2025 on NSE SME.
What is the current GMP?
Current GMP is +₹9, estimated listing ₹97 (+10.23%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Exim Routes Ltd IPO · Expected 17 Dec 2025

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Post-IPO Timeline
Allotment Date
17 Dec 2025
Refund Initiation
18 Dec 2025
Demat Credit
18 Dec 2025
Listing Date
19 Dec 2025
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹9
+10.23%
Issue Price
₹88
Face ₹5
Lot Size
1,600
shares / lot
Min Amount
₹140,800
1 lot
Est. Listing
₹97
GMP +₹9
Key Dates
Open
12 Dec Done
Close
16 Dec Done
Listing
19 Dec Done
Registrar
Maashitla Securities Pvt.Ltd
A
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