Exim Routes IPO Date, Review, Price, Allotment Details IPO
Exim Routes IPO Summary
IPO Open Date: 12 Dec 2025
IPO Close Date: 16 Dec 2025
Price Band: ₹83 to ₹88 Per Share
Issue Size: Approx ₹43.73 Crores
Listing Exchange: BSE SME
Website: https://eximroutes.ai/
Exim Routes IPO Overview
Exim Routes IPO open date is December 12, 2025 and the IPO will close on December 16, 2025. Exim Routes IPO is a Book Build Issue. The company to raise around ₹43.73 crores via IPO that comprises fresh issue of ₹43.73 crores and offer for sale up to [.] equity shares with face value of ₹5 each.
Exim Routes IPO price band is ₹83 to ₹88 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Exim Routes IPO to list on NSE on December 19, 2025. The allotment of Exim Routes IPO date is December 17, 2025.
The company reported revenue of ₹120.99 crores in 2025 against ₹72.39 crores in 2024. The company reported profit of ₹7.56 crores in 2025 against profit of ₹4.20 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.
Exim Routes IPO Details
| Company Name | Exim Routes Limited |
| IPO Open Date | 12 Dec 2025 |
| IPO Close Date | 16 Dec 2025 |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹83 to ₹88 Per Share |
| Issue Size | Approx ₹43.73 Crores |
| Fresh Issue | Approx ₹43.73 Crores |
| Offer for Sale | - |
| Issue Type | Book Build Issue |
| Listing On | NSE SME |
Exim Routes IPO Review & Key Points
NeutralExim Routes IPO Market Lot
The Exim Routes IPO minimum market lot is 3,200 shares with ₹2,81,600 application amount.
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3,200 | ₹2,81,600 |
| Retail Maximum | 2 | 3,200 | ₹2,81,600 |
| S-HNI Minimum | 3 | 4,800 | ₹4,22,400 |
| S-HNI Maximum | 7 | 11,200 | ₹9,85,600 |
| B-HNI Minimum | 8 | 12,800 | ₹11,26,400 |
Exim Routes IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Anchor Investor | 14,11,200 Shares | 28.40% |
| QIB (Ex. Anchor) | 9,40,800 Shares | 18.93% |
| NII / HNI | 7,10,400 Shares | 14.29% |
| Retail | 16,57,600 Shares | 33.35% |
Anchor Bidding Date: 11 Dec 2025
Anchor Issue Size: 12.42 Cr.
30 Days Lock-in: 16 Jan 2026
90 Days Lock-in: 17 Mar 2026
Exim Routes IPO Dates & Allotment
| IPO Opening Date | 12 Dec 2025 |
| IPO Closing Date | 16 Dec 2025 |
| Bidding Cutoff Time | 5 PM |
| Basis of Allotment | 17 Dec 2025 |
| Refunds Initiation | 18 Dec 2025 |
| Credit to Demat | 18 Dec 2025 |
| IPO Listing Date | 19 Dec 2025 |
Exim Routes IPO Objects of the Issue & Utilization of Proceeds
| Description | Amount |
|---|---|
| To meet out the expenses for Development and Maintenance of the ERIS platform | ₹11.87 |
| To meet out the expenses for Working Capital to fund business growth | ₹9.00 |
| To meet out the expenses for Investment in Office space to accommodate new hires | ₹7.13 |
| General Corporate Purpose | ₹- |
Exim Routes Limited Financials
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹36.46 | ₹35.97 | ₹0.37 | ₹6.63 |
| 2024 | ₹72.39 | ₹67.56 | ₹4.20 | ₹20.53 |
| 2025 | ₹120.99 | ₹111.21 | ₹7.56 | ₹47.62 |
| June 2025 | ₹44.17 | ₹42.60 | ₹1.17 | ₹50.97 |
Exim Routes IPO Valuation
Check Exim Routes IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Parameter | Value |
|---|---|
| Earnings Per Share (EPS) | ₹2.75 (Basic) |
| P/E Ratio | N/A |
| Return on Equity (ROE) | 53.14% |
| Return on Capital Employed (ROCE) | 35.53% |
| Return on Net Worth (RoNW) | 42.28% |
| Net Asset Value (NAV) | ₹11.32 |
| EBITDA Margin | 8.24% |
| PAT Margin | 6.27% |
| Debt to Equity Ratio | 0.20 |
Exim Routes IPO Promoters & Holding Pattern
The promoters of the company are Mr. Manish Goyal and Mr. Govind Rai Garg.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,37,82,400 | 71.35% |
| Promoter Holding Post Issue | 1,87,52,000 | 52.44% |
Exim Routes IPO Lead Managers (Merchant Bankers)
- Narnolia Financial Services Ltd.
About Exim Routes Limited
Exim Routes Limited is a tech-driven global platform for the exchange of recyclable materials, primarily wastepaper, serving Indian paper mills. The company operates a proprietary AI-powered B2B marketplace called the Exim Routes Intelligence System (ERIS) to streamline the supply chain and trade operations.
Exim Routes Limited Address
Gurugram, Haryana 122101, IndiaPhone: +91 95602 71761
Email: [email protected]
Exim Routes IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues