Exim Routes – IPO
Exim Routes – IPO Details
| IPO Date | December 12, 2025 to December 16, 2025 |
| Listing Date | December 19, 2025 |
| Face Value | ₹ 5 / Share |
| Price Band | ₹ 83 to ₹ 88 / Share |
| Lot Size | 1600 Shares |
| Total Issue Size | 49,69,600 shares (Aggregating up to ₹43.73 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | |
| Listing At | |
| Share holding pre issue | 1,37,82,400 shares |
| Share holding post issue | 1,87,52,000 shares |
| Market Maker portion |
Exim Routes Timeline (Tentative Schedule)
Exim Routes IPO opens on December 12, 2025, and closes on December 16, 2025.
| IPO Open Date | December 12, 2025 |
| IPO Close Date | December 16, 2025 |
| Basis of Allotment | December 17, 2025 |
| Initiation of Refunds | December 18, 2025 |
| Credit of Shares to Demat | December 18, 2025 |
| Listing Date | December 19, 2025 |
| Cut-off time for UPI mandate confirmation | December 16, 2025 |
Exim Routes IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | Rs.281,600 |
| Retail (Max) | 2 | 3,200 | Rs.281,600 |
| S-HNI (Min) | 3 | 4,800 | Rs.422,400 |
| S-HNI (Max) | 7 | 11,200 | Rs.985,600 |
| B-HNI (Min) | 8 | 12,800 | Rs.1,126,400 |
| HNI (Min) |
Exim Routes IPO Promoter Holding
| Share Holding Pre Issue | 71.35% |
| Share Holding Post Issue | 52.44% |
Exim Routes IPO Reservation
Exim Routes IPO offers a total of 49,69,600 shares. Out of which 23,52,000 (47.33%) allocated to QIB, 9,40,800 (18.93%) allocated to QIB (Ex- Anchor), 7,10,400 (14.29%) allocated to NII, 16,57,600 (33.35%) allocated to RII, and 14,11,200 (28.40%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | 2,49,600 (5.02%) |
|
| Other Shares Offered | |
|
| QIB Shares Offered | 23,52,000 (47.33%) |
|
| NII (HNI) Shares Offered | 7,10,400 (14.29%) |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 16,57,600 (33.35%) |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 49,69,600 (100.00%) |
Exim Routes IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Exim Routes
Incorporated in April 2019, Exim Routes Limited is a global platform that facilitates the exchange of recyclable paper materials, offering end-to-end services to Indian Paper Mills, from sourcing waste paper to quality assurance and logistics.
The Company operates through a group structure, with an Indian parent, Exim Routes Limited, and foreign subsidiaries.
Exim Routes is a global recyclable exchange company focused on facilitating cross-border trade in recyclable materials, particularly paper and metal scrap.
Exim Routes uses its proprietary AI-powered B2B platform (referred to as “ERIS”) to connect buyers and sellers of recyclable paper, streamlining procurement, supply-chain and delivery.
Its business model involves sourcing wastepaper globally 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, as well as subsidiaries in the USA, UK, Germany, and South Africa.
They offer comprehensive services, including sourcing, quality assurance, logistics, and trade execution.
Exim Routes combines a global network with a tech-driven approach to simplify the recyclables trade ecosystem.
As of November 30, 2025, our Company has 18 employees.
Competitive strengths
A globally oriented sourcing network for recyclable paper materials, enabling access to international supply.
An AI-enabled B2B platform (ERIS) facilitates efficient buyer-seller matching and transaction coordination.
An end-to-end service model including procurement, logistics, and delivery — reducing complexity for Indian paper mills.
Experienced promoters and management with expertise in trade, supply chain, and business operations.
A business model tailored to meet demand from Indian paper mills seeking a consistent supply of recyclables.
Key Performance Indicator
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 42.28% |
| ROCE | 26.81% |
| Debt/Equity | 0.18 |
| RoNW | 42.28% |
| P/BV | 7.77 |
| PAT Margin (%) | 18.52% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.49 | 2.50 |
| P/E (x) | 16.04 | 35.18 |
Note:
- The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre-IPO shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, which is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2025, which is available in RHP.
Objects of the Issue (Exim Routes IPO Objectives)
Exim Routes Contact Details
Exim Routes Ltd. Address Unit No 421, 4th Floor, Suncity Success Tower, Golf Course Extension Road, Sector 65, Gurgaon, Haryana, 122101 Phone: +91 95602 71761 Email: [email protected] Website: https://eximroutes.ai/ |
Exim Routes IPO Registrar
Maashitla Securities Pvt.Ltd. Phone: +91-11-45121795-96 Email: [email protected] Website: https://maashitla.com/allotment-status/public-issues |