IPO

Ecoline Exim Limited IPO

NSE SME

Listed On: Sep 30, 2025 at ₹ 140.80

₹ 282000 /2000 Shares
*Min Investment

Check Allotment

23 Sep, 2025

Open Date

25 Sep, 2025

Close Date

26 Sep, 2025

Allotment Date

30 Sep, 2025

Listing Date
Ecoline Exim IPO Live Subscription Details
View Subscription Details
QIB 9.51x
Individual 4.37x
NIIs 5.76x
BHNI 6.15x
SHNI 4.97x
Individual 4.37x
Total 6.14x
Last updated: 26 Sep 2025, 10:03 AM
Ecoline Exim IPO Issue Details
  • Issue Price ₹134-₹141 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 54,20,000 shares(aggregating up to ₹76.42 crore)
  • Fresh Share 43,40,000 shares(aggregating up to ₹61.19 crore)
  • Offer For Sale 10,80,000 shares(aggregating up to ₹15.23 crore)
  • Listing at NSE SME
  • List Price 140.80
  • Listing Date 2025-09-30
  • Lead Manager Hem Securities Ltd.
  • Registrar MUFG Intime India Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Individual (min)22000₹2,82,000
Individual(max)22000₹2,82,000
SHNI(min) 33000₹4,23,000
SHNI(max) 77000₹9,87,000
BHNI(min) 88000₹11,28,000
Ecoline Exim IPO Reservation

Ecoline Exim IPO offers total 54,20,000 shares. Out of which 10,30,000 (19%) allocated to QIB, 7,73,000 (14.42%) allocated to NII,18,02,000 (33.43%) allocated to RII, NA (NA%) allocated to employees and 15,43,000 (28.47%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered15,43,000 (28.47%)
Market Maker Shares Offered2,72,000 (5.02%)
QIB Shares Offered10,30,000 (19%)
NII (HNI) Shares Offered7,73,000 (14.42%)
bNII < ₹10L5,15,000 (9.6%)
sNII < ₹10L2,58,000 (4.81%)
Individual Shares Offered18,02,000 (33.43%)
Total Shares Offered54,20,000 (100%)
Ecoline Exim IPO Documents
Ecoline Exim IPO Details


Ecoline Exim Limited IPO is an SME IPO, priced at ₹134-₹141 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 54,20,000 equity shares, aggregating up to ₹76.42 crores..

The IPO bidding window is open from Sep 23, 2025 to Sep 25, 2025. The allotment is expected to be finalized on Sep 26, 2025, and the tentative listing date is Sep 30, 2025.

The minimum lot size for Individual investors is 2000 shares, with a minimum investment of ₹2,82,000.

Hem Securities Ltd. is acting as the lead manager to the issue. The registrar of the IPO is MUFG Intime India Pvt.Ltd., and Hem Finlease Pvt.Ltd. will act as the market maker for this issue.

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Ecoline Exim IPO Subscription Analysis And Details
Retail
4.37x
Total
6.06x
As onQIB / NIIIndividualTotal
Shares Offered / Reserved10,30,000 / 7,73,00018,02,00036,05,000
Day 1 23-09-25 06:00 PM
1.45 / 0.55 x0.31 x0.69 x
Day 2 24-09-25 06:00 PM
2.20 / 0.56 x0.72 x1.11 x
Day 3 25-09-25 06:00 PM
9.51 / 5.41 x4.37 x6.06 x

Total No of Applications
4,706
Ecoline Exim Valuations
EPS Pre IPO ₹11.64
EPS Post IPO ₹9.17
P/E Pre IPO 12.12
P/E Post IPO 15.37
ROE 23.51%
ROCE 21.14%
Debt/Equity 0.45
RoNW 21.28%
PAT Margin 6.99%
EBITDA Margin 11.14%
Price to Book Value 2.58
Ecoline Exim Company Financials
In Crs.
In Cr.
31-Mar-2531-Mar-2431-Mar-23
Assets146.31128.72104.46
Revenue273.07280.59310.67
Profit After Tax18.8222.5918.86
Net Worth88.4471.7049.11
Reserves & Surplus72.2770.5447.96
Total Borrowing39.8944.8142.47
About Ecoline Exim Company

Established in 2008, Ecoline Exim Limited produces sustainable cotton, jute packing, and promotional bags for export to all over the world.

The products have been exported to over 25 nations including the European Union, USA, Japan, and Southeast Asia and Mexico, etc.

The company is an OEM that offers packaging solutions to Supermarkets, retail chains, wholesalers, and promotional companies.

Between September 30, 2024, and up to the date of this report, the company has sold products to 48 customers for functional purposes and 24 for promotional purposes.

As on December 31, 2024, the company has an order book pending for supply for cotton and jute bags of Rs 9744.37 lakhs from approximately 60 customers.

As on January 2025, the company has three manufacturing plants, one based in Ahmedabad, Gujarat, and the remaining in West Bengal.

As of September 30, 2024, the Company employs 267 people at different locations.

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Ecoline Exim - Promoter(s)

Sudarshan Saraogi

Saurabh Saraogi

Shradha Saraogi

Gunjal Saraogi

SL Commercial Private Limited

Pre Issue Share Holding : 100.00%

Post Issue Share Holding : 73.58%

Ecoline Exim IPO - Issue Objectives
1

Funding the capital expenditure towards construction of building, mechanical and electrical works and procurement of plant and machinery for setting up a new manufacturing facility at Ahmedabad (“Proposed Factory V”) – ₹50.00 Cr

2

General Corporate Purpose.

Contact Details

Ecoline Exim

8, G.C. Ghosh Road Kolkata Kolkata, West Bengal, 700048

+91-89101-0025

cs@ecoline.net.in

https://ecoline.net.in/

Registrar Contact Details