Exim Routes IPO
Exim Routes
Exim Routes IPO IPO, a SME IPO has closed for subscription. The price band is set between ₹83 –88 , with a face value of ₹5 . Retail investors can apply with a minimum of 1 lot, each comprising 1,600 shares — amounting to ₹140,800 at the upper price. The listing date on the exchange (NSE) is December 19, 2025.
The Exim Routes IPO IPO subscription has closed. Investors who applied for shares can now check their IPO allotment status online. The basis of allotment for Exim Routes IPO IPO has been finalized, and you can verify whether you have been allotted shares by checking the registrar's website using your PAN number, application number, or DP ID. If you have been allotted shares, they will be credited to your demat account before the listing date. If not allotted, the refund amount will be processed to your bank account as per the timeline.
Exim Routes IPO SME IPO Important Dates
Get important updates regarding Exim Routes IPO SME IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
IPO Timeline & Key Dates
* Tentative; subject to confirmation.
Price Band & Investment Details
| Issue Size | ₹43.73 Cr |
| Issue Price | ₹83 – ₹88 |
| Face Value | ₹5/share |
| Market Lot | 1,600 shares |
| Retail Min Investment | ₹140,800 |
| Listing At | NSE |
| Sale Type | fresh issue |
| Reserved for Market Maker | ₹2.2 Cr |
| Issue Type | book building |
Exim Routes IPO Grey Market Premium (GMP) - Current & Historical Rates
Last updated: 17 hours ago
Exim Routes IPO Grey Market Premium (GMP) History - Track Record & Historical Data
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 16 Dec 2025 Latest | ₹88 | ₹3 | ₹91 | ₹3 |
3.41%
|
12:00 PM |
| 15 Dec 2025 | ₹88 | ₹6 | ₹94 | ₹6 |
6.82%
|
12:00 PM |
| 14 Dec 2025 | ₹88 | ₹0 | ₹88 | ₹0 |
0%
|
9:00 AM |
| 13 Dec 2025 | ₹88 | ₹0 | ₹88 | ₹0 |
0%
|
12:00 PM |
| 12 Dec 2025 | ₹88 | ₹9 | ₹97 | ₹9 |
10.23%
|
10:00 AM |
| 11 Dec 2025 | ₹88 | ₹9 | ₹97 | ₹9 |
10.23%
|
12:00 PM |
| 10 Dec 2025 | ₹88 | ₹6 | ₹94 | ₹6 |
6.82%
|
12:00 PM |
Subscription (Latest Snapshot)
View Detailed SubscriptionLatest snapshot: Dec 15, 2025
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 0.6x | — |
| NII | 1.57x | 99 |
| bNII (bids above ₹10L) | 1.71x | — |
| sNII (bids below ₹10L) | 1.29x | — |
| Individual Investors | 0.86x | 446 |
| Total | 0.83x | 545 |
Registrar
- Registrar
- Maashitla Securities Private Limited (SEBI Reg. No.: INR000004370)
- Registrar Phone
- +91-11-45121795-96
- Registrar Email
- contact@maashitla.com
- Registrar Address
- 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi - 110034, India
Exim Routes IPO Investment Limits
IPO investment limits, also referred to as application limits or bidding limits, define the minimum and maximum number of shares, lots, and investment amount that investors can apply for in an IPO based on their category (Retail, HNI, or Institutional). These limits are calculated as per SEBI guidelines and help ensure fair distribution of shares. Retail investors typically have lower minimum and maximum limits compared to High Net Worth Individuals (HNI) and Non-Institutional Investors (NII). Understanding IPO application limits is essential for investors to determine how much they can invest, calculate the number of lots they can apply for, and plan their investment strategy accordingly. The investment limits table shows the lot size, number of shares, and total amount in rupees for each investor category.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹140,800 |
| Retail (Max) | 1 | 1,600 | ₹140,800 |
| S-HNI (Min) | 2 | 3,200 | ₹281,600 |
| S-HNI (Max) | 7 | 11,200 | ₹985,600 |
| B-HNI (Min) | 8 | 12,800 | ₹1,126,400 |
IPO Reservation
The IPO reservation structure, also known as share allocation breakdown, details how the total issue size is distributed among different investor categories as mandated by SEBI (Securities and Exchange Board of India) regulations. This reservation table shows the exact percentage and number of shares allocated to Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), High Net Worth Individuals (HNI), Non-Institutional Investors (NII), and other reserved categories like employees and shareholders. Understanding IPO reservation percentages is crucial for investors to evaluate their probability of share allotment, as each category has different subscription levels and competition. The maximum allottees column indicates the cap on the number of investors who can receive shares in each category, helping you assess the likelihood of getting an allotment based on your investor category.
| Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 2,352,000 (47.33%) | NA |
|
•
Anchor Investor Shares Offered
|
1,411,200 (28.40%) | NA |
|
•
QIB (Ex. Anchor) Shares Offered
|
940,800 (18.93%) | NA |
| NII (HNI) Shares Offered | 710,400 (14.30%) | NA |
|
•
bNII > ₹10L
|
470,400 (9.47%) | NA |
|
•
sNII < ₹10L
|
240,000 (4.83%) | NA |
| Retail Shares Offered | 1,657,600 (33.35%) | NA |
| Market Maker Shares Offered | 249,600 (5.02%) | NA |
| Total Shares Offered | 4,969,600 (100.00%) | — |
Company Overview
Exim Routes Limited is a global intermediary in the recyclable paper supply chain, sourcing waste paper from over 15 countries via foreign subsidiaries (e.g., in USA, Singapore, UK, Germany, South Africa) to comply with Indian regulations, and providing end-to-end services like quality assurance, logistics, and procurement to 50+ Indian paper mills. It operates the AI-powered B2B platform ERIS (Exim Routes Intelligence System) for inventory matching, demand forecasting, price prediction, business intelligence, and subscription-based revenue. The company has diversified into metals, batteries, e-waste trading, logistics, and consultancy.
Growth:
Consolidated revenue grew from ₹3,644.58 lakhs (FY2023) to ₹7,185.90 lakhs (FY2024) and ₹12,066.99 lakhs (FY2025); PAT increased from ₹37.49 lakhs (FY2023) to ₹420.33 lakhs (FY2024) and ₹756.28 lakhs (FY2025). ERIS subscriptions generated ₹75 lakhs in FY2025, with high-seas sales up significantly.
Key Strengths:
AI-driven ERIS for supply chain optimisation and real-time data; global network with 100+ yards/mills; sustainability focus (circular economy, traceability); regulatory compliance via subsidiaries; promoter expertise (Manish Goyal: 16+ years in paper engineering); awards like Indian Achievers’ Award 2022.
- Founded In
- 2019
- Managing Director
- Manish Goyal (Executive Director & CEO)
- Headquarters
- Unit No. 421, 4th Floor, Suncity Success Tower, Golf Course Extension Road, Sector 65, Gurugram, Haryana 122101, India
- Website
- eximroutes.ai
- Industry
- Recycling
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