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Check Out If Exim Routes IPO Is Worth Your Investment 

Global waste generation is expected to climb to 3.40 billion tonnes by 2050. Since waste levels rise with income, high-income countries alone are likely to see a 19% increase in daily waste per person by 2050. Exim Routes Limited has been in this competitive area and is now going for its IPO. 

Narnolia Financial Services manages the issue, whereas Maashitla Securities is selected as the registrar. Analyse the Exim Routes IPO allotment status.


View the IPO details in Exim Routes Limited's DRHP and RHP.


Note: 50% of shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

Exim Routes Limited: Understanding the Company Profile 


Particulars

Descriptions

Headquarters

Gurugram

Business 

The sourcing and logistics of recyclable paper materials

Competitors 

No listed companies 

Promoters 

Manish Goyal and Govind Garg


Exim Routes IPO Details

Review the information to get a better Exim Routes IPO review: 

  • Exim Routes IPO Date


Event Description

Date

The start of the IPO subscription window

Fri, Dec 12, 2025

Last day to submit IPO applications

Tue, Dec 16, 2025

Deadline to approve UPI mandate

5 PM on Tuesday, Dec 16, 2025

Basis of allotment announcement (tentative)

Wed, Dec 17, 2025

The refund initiation date

Thu, Dec 18, 2025

Shares credited to Demat accounts

Thu, Dec 18, 2025

Expected listing date on the stock exchange

Fri, Dec 19, 2025


  • Exim Routes IPO Size


Particulars

Shares

Aggregate Value 

Fresh Issue 

4,969,600

₹43.73 Crore

Offer for Sale

NA

NA

Overall Issue 

4,969,600

₹43.73 Crore


  • Exim Routes IPO: Objective 


Particulars (Purpose of Funds)

Amount (₹ in Lakhs)

Costs related to enhancing and maintaining the ERIS platform

1,450.00

Working capital requirements to support business expansion

900.00

Investment for office space to accommodate upcoming hires

713.00

General corporate needs

Undisclosed 

Net Proceeds

Undisclosed



  • Exim Routes Limited Share Price And Other Takeaways


Particulars

Description

Face value (₹)

5

Price Range (₹)

₹83 to ₹88 

Lot size (shares)

1600

Listed At 

NSE SME 


  • Investors Categorisation


Investor Group

Number of Shares Allocated

Market Maker Allocation

249,600 (5.02%)

QIB Investor Allocation

2,352,000 (47.33%)

HNI/NII Investor Allocation

710,400 (14.29%)

Retails Allocation

1,657,600 (33.35%)

Total Allocation 

4,969,600 (100.00%)


  • Anchor Investor


Particulars

Description

Opening Date

11 December 2025

Terms of Payment  

Full Payment on Bid 


Exim Routes: Key Financials  


Particulars (Units)


June 30, 2025


 2025

2024


2023

Share Capital (₹ in Lakhs)

689.12

689.12

10.00

10.00

Reserve & Surplus (₹ in Lakhs)

1,570.83

1,441.33

357.61

52.88

Net Worth (₹ in Lakhs)

2,259.95

2,130.45

367.61

62.88

Revenue from Operations (₹ in Lakhs)

4,383.47

12,066.99

7,185.90

3,644.58

Profit After Tax (₹ in Lakhs)

117.26

756.28

420.33

37.49

EPS – Basic & Diluted (₹)

0.87

5.23

2.54

0.31

NAV per Equity Share (₹)

16.40

15.46

367.61

62.88

Total Borrowings (₹ in Lakhs)

733.63

460.83

445.82

285.54

– Long Term Borrowings (₹ in Lakhs)

175.64

188.54

72.48

– Short Term Borrowings (₹ in Lakhs)

557.99

272.29

373.34

285.54


Strengths and Risks

The important risks and strengths of Exim Routes are mentioned below:

Strengths 

  • Strong Digital Platform With ERIS: ERIS gives Exim Routes a major competitive edge by offering a structured, tech-enabled way for buyers and sellers to connect, making transactions faster and more transparent.

  • Growing Presence in the Recyclable Paper Market: With a focus on paper recyclables, the company has built strong expertise and relationships that help it stay relevant and competitive in the industry.

  • Ability to Adapt and Innovate: Exim Routes has demonstrated a willingness to invest in technology and improve operational efficiency.

  • Established Network of Clients and Industry Partners: The company benefits from strong connections with buyers, sellers, and suppliers, which support steady business flow and help manage market fluctuations.


Risks

  • Risk of ERIS Technology Becoming Outdated: Exim Routes depends heavily on its ERIS platform to connect buyers and sellers. If the company does not update the system on time or adapt to new technologies, the platform may lose effectiveness. 

  • High Costs to Adopt New Technologies: As technology evolves in the recyclable paper industry, Exim Routes may need to invest heavily to stay competitive. 

  • Regulatory Uncertainty in Wastepaper Trading: The business is affected by rules related to the import or export of wastepaper and environmental compliance. Any changes in these regulations may disrupt supply chains, affect product availability, and slow down operations.

  • Dependence on Recyclable Paper Demand and Client Base: A major part of Exim Routes’ revenue comes from trading paper recyclables. If demand drops or key clients shift their business elsewhere, revenue could decline. 

Should You Apply for the Exim Routes Ltd IPO?


As of December 11, 2025, the Exim Routes IPO GMP is ₹9. You can view the IPO's live GMP and the subscription status. Also, check the Exim Routes DRHP and RHP before you click on the Apply Now button.

FAQs

1. How is the Exim Routes IPO review?

Exim Routes is sourcing recyclable paper materials. The total IPO size is ₹43.73 Crore, and the listing date is December 19, 2025. For the latest details, you can also look for the GMP updates

2. What is the Exim Routes IPO date?

The IPO opening date is December 12, 2025, and the closing date is December 16, 2025. Live subscription details can be monitored through FinnPick. 

3. What is the Exim Routes IPO price? 

The Exim Routes share price is ₹83 to ₹88 as of 11 December 2025. Also, don't forget to check the Exim Routes IPO DRHP and RHP. 

4. Do I need a demat account to bid for the Exim Routes Limited IPO?

Yes, a demat account is required to bid for the Exim Routes Limited IPO. Click here to get the ultimate list of the top demat account providers.
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