Exim Routes
NSE SME₹2,81,600 / Individual : 3200 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 12 Dec 2025, 11:12 AM |
| QIBs | 0.00 times |
| NII | 0.16 times |
| Total | 0.06 times |
Exim Routes IPO Details
The Exim Routes IPO price band is set between ₹83-88 per equity share, with a face value of ₹5 per share. The issue is managed by Maashitla Securities Pvt.Ltd., and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 12 Dec, 2025 and closes on 16 Dec, 2025. Investors can check the allotment status on 17 Dec, 2025, while the listing date is tentatively scheduled for 19 Dec, 2025.
The total issue size is 49,69,600 shares, aggregating up to ₹43.73 crore. Stay tuned for the latest Exim Routes IPO review and GMP updates.
Exim Routes IPO Review, Rating & Analysis
Exim Routes IPO Review
NO REVIEWExim Routes IPO Rating
Exim Routes IPO Highlights
IPO Date
Dec 12, 2025 - Dec 16, 2025
Listing Date
19 Dec, 2025
Face Value
₹5 Per Equity Share
Price Band
₹83-88 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Exim Routes IPO Lot Size
The minimum market lot for Exim Routes IPO is 3200 shares with an application amount of ₹2,81,600. Retail investors can apply for up to 0 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3200 | ₹2,81,600 |
| Retail (Max) | 0 | 0 | ₹0 |
| S-HNI (Min) | 1 | 3200 | ₹2,81,600 |
| S-HNI (Max) | 3 | 9600 | ₹8,44,800 |
| B-HNI (Min) | 4 | 12800 | ₹11,26,400 |
Exim Routes IPO Timeline
Issue Price
₹83-88 per equity shareFace Value
₹5 Per Equity ShareListing at Group
NSE SMERegistrar
Maashitla Securities Pvt.Ltd.Lead Manager
Narnolia Financial Services Ltd.Issue Size
49,69,600 shares(aggregating up to ₹43.73 crore)Exim Routes IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30-Jun-25 | 50.97 | 44.17 | 1.17 | 16.38 | 15.71 | 5.10 |
| 31-Mar-25 | 47.62 | 120.99 | 7.56 | 15.60 | 14.41 | 2.75 |
| 31-Mar-24 | 20.53 | 72.39 | 4.20 | 1.18 | 3.58 | 1.46 |
| 31-Mar-23 | 6.63 | 36.46 | 0.37 | 0.56 | 0.53 | 2.86 |
In Cr.
Exim Routes IPO Reservation Details
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| 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% |
| bNII > ₹10L | 475200 | 9.39% |
| sNII < ₹10L | 240000 | 4.85% |
| Individual Shares Offered | 1657600 | 33.35% |
| Total Shares Offered | 0 | 100% |
Exim Routes IPO Documents
Exim Routes IPO Valuations
EPS Pre IPO
₹/-EPS Post IPO
₹/-PE Pre IPO
-PE Post IPO
-ROE
42.28%ROCE
26.81%Debt Equity
0.18RoNW
42.28%PAT Margin
18.52%Price to Book Value
7.77Promoters & Share Holding
Promoter(s) Name
- Mr. Manish Goyal
- Mr. Govind Rai Garg
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 71.35% | 52.44% |
About Company
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 IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| 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 | - |
Company Contact Details
Exim Routes
Unit No 421, 4th Floor, Suncity Success Tower, Golf Course Extension Road, Sector 65, Gurgaon, Haryana, 122101Registrar Contact Details
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: Investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Frequently Asked Questions about Exim Routes IPO
When will Exim Routes IPO open for subscription?
The Exim Routes IPO opens on 12 Dec, 2025 and closes on 16 Dec, 2025.
What is the investors portion for Exim Routes IPO?
The investors' portion for QIB is N/A%, NII is N/A%, and Retail is N/A%.
How to apply for Exim Routes IPO?
You can apply for Exim Routes IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Exim Routes IPO?
The issue size of Exim Routes IPO is approx ₹49,69,600 shares(aggregating up to ₹43.73 crore) crores.
What is the price band of Exim Routes IPO?
The price band for Exim Routes IPO is ₹83 to ₹88 per equity share.
What is the lot size of Exim Routes IPO?
The minimum bid (lot size) for Exim Routes IPO is 1600 shares with an investment of approx ₹2,81,600 .
What is the allotment date of Exim Routes IPO?
The allotment date for Exim Routes IPO is 17 Dec, 2025.
What is the listing date of Exim Routes IPO?
The listing date for Exim Routes IPO is expected to be 19 Dec, 2025.
What is the GMP of Exim Routes IPO?
The latest Grey Market Premium (GMP) for Exim Routes IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.