Exim Routes IPO
ListedEXIMROUTES
Exim Routes IPO, a SME IPO was listed on the exchange on December 19, 2025. The price band is set between ₹83 –88 , with a face value of ₹5 . Retail investors can apply with a minimum of 2 lots, each comprising 1,600 shares — amounting to ₹281,600 at the upper price.
Exim Routes IPO has been successfully listed on the exchange. Track the listing performance, current stock price, and post-listing trends. This information is for education only—not investment advice.
Exim Routes IPO SME Important Dates
Get important updates regarding Exim Routes IPO SME 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
Open Date
Dec 12
Close Date
Dec 16
Allotment
Dec 17
Listing
Dec 19
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
₹281,600
Listing At
NSE
Sale Type
fresh issue
Reserved for Market Maker
249,600 shares
(aggregating up to ₹2.20 Cr)
Issue Type
book building
Exim Routes IPO IPO Grey Market Premium (GMP) - Live Rates & Current Status
Last updated: 1 month ago
Exim Routes IPO IPO GMP Historical Data - Complete Track Record
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 19 Dec 2025 Latest | ₹88 | ₹32 | ₹120 | ₹32 |
36.36%
|
12:00 PM |
| 18 Dec 2025 | ₹88 | ₹32 | ₹120 | ₹32 |
36.36%
|
12:00 PM |
| 18 Dec 2025 | ₹88 | ₹25 | ₹113 | ₹25 |
28.41%
|
12:00 PM |
| 17 Dec 2025 | ₹88 | ₹18 | ₹106 | ₹18 |
20.45%
|
12:00 PM |
| 16 Dec 2025 | ₹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 16, 2025
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 7.64x | 13 |
| NII | 22.78x | 1,541 |
| bNII (bids above ₹10L) | 28.27x | 955 |
| sNII (bids below ₹10L) | 12.02x | 586 |
| Retail Investors | — | 562 |
| Individual Investors | 9.94x | 5,148 |
| Total | 11.31x | 8,805 |
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) | 2 | 3,200 | ₹281,600 |
| Retail (Max) | 1 | 1,600 | ₹140,800 |
| S-HNI (Min) | 3 | 4,800 | ₹422,400 |
| 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%) | — |
Exim Routes 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
Frequently Asked Questions
What are the Exim Routes IPO dates?
The Exim Routes IPO is expected to open in December, 2025, subject to SEBI approval. Final dates will be updated once announced officially.
What is the price band of Exim Routes IPO?
The price band for Exim Routes IPO is ₹83.00 - ₹88.00 per share.
What is the GMP today for Exim Routes IPO?
As per market sources, Exim Routes IPO GMP is currently ₹32.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
How much subscription has happened for Exim Routes IPO?
The subscription status for Exim Routes IPO stands at 11.31x overall.
When is the Exim Routes IPO listing date?
The listing date for Exim Routes IPO is December 19, 2025.
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