Exim Routes IPO
Exim Routes is an NSE SME IPO listed on the NSE SME platform, priced at ₹83–₹88 per share. The stock debuted at ₹110, delivering a listing gain of 25.0%. The IPO had a lot size of ₹1600 shares and a minimum investment of ₹2,81,600.
Exim Routes Limited IPO
- IPO Dates
- Dec 12, 2025 – Dec 16, 2025
- Price band
- ₹83-88 per equity share
- Minimum Investment
- ₹2,81,600
- Issue size
- ₹43.73 Cr
- Lot size
- 1600
- Allotment Date
- Dec 17, 2025
- Listing
- Dec 19, 2025
- Listing At
- NSE SME
IPO timeline
-
Dec 12, 2025
Open Date
Completed
-
Dec 16, 2025
Close Date
Completed
-
Dec 17, 2025
Allotment Date
Completed
-
Dec 19, 2025
Listing Date
Completed
Exim Routes IPO Subscription Details
View Subscription DetailsExim Routes IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:Exim Routes IPO Essentials
Exim Routes IPO Details
Exim Routes IPO is priced at ₹83-88 per share with a total issue size of 43.73 crore. The IPO has a lot size of 1600 shares and is listed on NSE SME.
- Issue price
- ₹83-88 per equity share
- Lot size
- 1600 shares
- Face value
- ₹5 Per Equity Share
- Issue size
- 49,69,600 shares(aggregating up to ₹43.73 Cr)
- Total issue size
- 49,69,600 shares
(aggregating up to ₹43.73 crore) - Fresh issue
- 49,69,600 shares
(aggregating up to ₹43.73 crore) - Listing at
- NSE SME
- List price
- 110.0
- Listing date
- Registrar
- Maashitla Securities Pvt.Ltd.
- Lead manager
-
Narnolia Financial Services Ltd.
Market Lot Size
Investors can bid for a minimum of 3200 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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 3200 | ₹2,81,600 |
| Individual(max) | 2 | 3200 | ₹2,81,600 |
| sHNI(min) | 3 | 4800 | ₹4,22,400 |
| sHNI(max) | 7 | 11200 | ₹9,85,600 |
| sHNI(min) | 8 | 12800 | ₹11,26,400 |
Exim Routes IPO Reservation
Exim Routes IPO reservation details show category-wise allocation of shares. Out of the total 4969600 shares, approximately 18.93% are reserved for QIB, 14.29% for NII, 33.35% for retail investors, 5.02% for market maker, and 28.4% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1411200 (28.4%) | |
| Market Maker Shares Offered | 249600 (5.02%) | |
| QIB Shares Offered | 940800 (18.93%) | |
| NII (HNI) Shares Offered | 710400 (14.29%) | |
| bHNI > ₹10L | 475200 (9.39%) | 98 |
| sHNI < ₹10L | 240000 (4.85%) | 50 |
| Individual Shares Offered | 1657600 (33.35%) | 518 |
| Total Shares Offered | 4969600 (100%) |
Exim Routes IPO Analytics
Exim Routes IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Exim Routes IPO Subscription Status
Exim Routes IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 15.3x, indicating strong demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
Individual | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 9,40,800 |
7,10,400
4,75,200
2,40,000
|
16,57,600 | 33,08,800 |
|
Day 1
12-12-25 05:00 PM
|
0.00 x |
1.21x
1.45x
0.71x
|
0.49 x | 0.51 x |
|
Day 2
15-12-25 05:00 PM
|
0.00 x |
2.99x
3.68x
1.56x
|
1.12 x | 1.20 x |
|
Day 3
16-12-25 05:00 PM
|
19.11 x |
22.78x
27.98x
12.02x
|
9.94 x | 15.30 x |
|
Total No. of Applications
|
bHNI | sHNI | Individual |
|---|---|---|---|
| 6701 (Approx) | 9.74x | 11.72x | 9.94x |
Exim Routes Valuations
Returns
- ROE
- 53.14%
- ROCE
- 35.53%
- RoNW
- 42.28%
- PAT Margin
- 6.27%
Fundamentals
- Debt / Equity
- 0.20
- Price / Book
- 7.77
- Market Cap
- 165.02 Cr.
Exim Routes Financials( In Crs.)
| 30-Jun-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|---|
| Assets | 50.97 | 47.62 | 20.53 | 6.63 |
| Revenue | 44.17 | 120.99 | 72.39 | 36.46 |
| Profit After Tax | 1.17 | 7.56 | 4.20 | 0.37 |
| Net Worth | 16.38 | 15.60 | 1.18 | 0.56 |
| Reserves & Surplus | 15.71 | 14.41 | 3.58 | 0.53 |
| Total Borrowing | 5.10 | 2.75 | 1.46 | 2.86 |
Exim Routes Company & Offer Insights
About Exim Routes
Incorporated in April 2019, Exim Routes Limited is an online intercontinental marketplace that aides in the exchange of recyclable paper material wastes by providing end-to-end services to Indian Paper Mills, right from sourcing waste paper to quality assurance and logistics.
The Company has a group structure, comprising a parent located in India, namely Exim Routes Limited, and foreign subsidiaries.Exim Routes is a global recyclable exchange company focused on facilitating cross-border trade in recyclable materials, with particular emphasis on paper and metal scrap.
Exim Routes provides its own AI-driven B2B platform, called 'ERIS,' which aims to connect recyclable paper buyers and sellers for hassle-free procurement, supply-chain, and delivery.It involves sourcing wastepaper from around the world 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, besides the subsidiaries in the USA, UK, Germany, and South Africa.
The company offers comprehensive services such as sourcing, quality assurance, logistics, and trade execution.Exim Routes integrates a global network with a technology-driven methodology to simplify the recyclables trade ecosystem.
As of November 30, 2025, our Company currently employs 18 employees.
Exim Routes Promoter(s)
Mr. Manish Goyal, Mr. Govind Rai Garg are the company's promoters of Exim Routes.
Exim Routes IPO Issue Objectives
- •
- 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
Contact Information
Contact Details
Exim Routes
+91 95602 71761
Unit No 421, 4th Floor, Suncity Success Tower, Golf Course Extension Road, Sector 65, Gurgaon, Haryana, 122101
Registrar Contact Details
Maashitla Securities Private Limited
+91-11-45121795-96
Frequently Asked Questions
Click any question to reveal the answer
Exim Routes IPO is a book-built IPO worth ₹43.73 crore. The price band is ₹83–₹88 per share. The IPO opens on Dec 12, 2025 and closes on Dec 16, 2025. It will be listed on NSE SME Platform. Maashitla Securities Pvt. Ltd. is the registrar.
The price band of Exim Routes IPO is ₹83 to ₹88 per share.
The lot size of Exim Routes IPO is 1600 shares.
The minimum investment for Exim Routes IPO is approximately ₹2,81,600 based on the upper price band .
Exim Routes IPO opens on Dec 12, 2025 and closes on Dec 16, 2025.
The allotment date of Exim Routes IPO is Dec 17, 2025.
Exim Routes IPO is expected to be listed on Dec 19, 2025, on NSE SME Platform.
Exim Routes IPO valuation snapshot: P/E N/A, EPS ₹/-, P/B 7.77, RoNW 42.28%, and market cap 165.02 Cr.
To apply for Exim Routes IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Exim Routes IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Exim Routes IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Exim Routes IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Exim Routes IPO allotment status on IPO Ji for quick and easy access.