Minimum Investment
About Company
Company Name: Exim Routes Limited
Industry / Sector: Recycling Supply Chain / B2B Digital Platform
Founded Year: 2019
Promoters: Abhishek Jain, Nikita Jain
Exim Routes Limited operates a global recyclable-material exchange platform that connects waste paper suppliers with paper mills. Through its proprietary AI-powered ERIS platform, the company manages sourcing, procurement, quality assurance, and international logistics of recyclable materials used by paper manufacturers.
IPO Basic Details
| Company Name | Exim Routes Limited |
| IPO Type | SME IPO |
| Price Band | ₹83 – ₹88 |
| Lot Size | 1600 |
| Total Issue Size | ₹43.73 Cr |
IPO Strengths & Risks
Strengths
- AI-driven ERIS digital platform
- Integrated sourcing and logistics model
- Growing demand for recyclable raw materials
- Established relationships with paper mills and suppliers
Risks
- Dependence on global recyclable material supply
- Commodity price fluctuations
- Logistics and cross-border trade risks
- Competition from established recycling supply companies
IPO Important Dates
| IPO Open Date | 12 Dec 2025 |
| IPO Close Date | 16 Dec 2025 |
| Basis of Allotment | 17 Dec 2025 |
| Refund Initiation | 18 Dec 2025 |
| Demat Credit Date | 18 Dec 2025 |
| Listing Date | 19 Dec 2025 |
| Anchor Investor Date | 11 Dec 2025 |
| UPI Mandate Deadline | 16 Dec 2025 |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – Funding working capital requirements
- Debt repayment – -
- General corporate purposes – Balance of IPO proceeds
Investor Reservation
| QIB Quota | 47.33% |
| Retail Quota | 33.35% |
| HNI Quota | 14.29% |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 lots | 3200 | ₹2,81,600 |
| Retail Maximum | 2 lots | 3200 | ₹2,81,600 |
| S-HNI Minimum | 3 lots | 4800 | ₹4,22,400 |
| S-HNI Maximum | 7 lots | 11200 | ₹9,85,600 |
| B-HNI Minimum | 8 lots | 12800 | ₹11,26,400 |
Key Performance Indicators (KPI)
| ROE | 42.28% |
| ROCE | 26.81% |
| RoNW | 42.28% |
| PAT Margin | 18.52% |
| EBITDA Margin | 8.24% |
| EPS | ₹5.49 |
| NAV per share | ₹11.89 |
| Debt to Equity | 0.18 |
| P/E Ratio | 16.04x |
| Industry P/E | 20x |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 31 Mar 2023 | ₹32 Cr | ₹41 Cr | ₹3.9 Cr | ₹4.2 Cr | ₹8 Cr | ₹2 Cr |
| 31 Mar 2024 | ₹48 Cr | ₹55 Cr | ₹5.1 Cr | ₹6.4 Cr | ₹13 Cr | ₹3 Cr |
| 31 Mar 2025 | ₹71 Cr | ₹79 Cr | ₹10 Cr | ₹11 Cr | ₹19 Cr | ₹3 Cr |
Grey Market Premium
| GMP Price | ₹32 |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | Dec 2025 |
| Estimated Listing Price | ₹120 |
IPO Subscription Data
| Total Subscription | 2.05x |
| QIB (Ex Anchor) | 0.00x |
| HNI Subscription | 4.34x |
| Retail Subscription | 2.23x |
| Anchor | - |
IPO Intermediaries
Registrar: Maashitla Securities Pvt Ltd
Registrar Website: https://www.maashitla.com
IPO Lead Manager(s)
Company Information
Address: 451 Krishna Apra Business Square, Netaji Subhash Place, Pitampura, New Delhi, India
Website: https://eximroutes.ai
Email: cs.er@eximroutes.in
Phone: +91-11-45121795
IPO Documents
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