Comparison between Exim Routes IPO and Nityanand Udyog IPO.
Exim Routes IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Nityanand Udyog IPO is a SME Bookbuilding proposed to list at BSE SME.
| Exim Routes IPO | Nityanand Udyog IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Unistone Capital Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Exim Routes IPO is up to ₹41.54 Cr whereas the issue size of the Nityanand Udyog IPO is up to ₹0.00 Cr. The final issue price of Exim Routes IPO is ₹88.00 per share and of Nityanand Udyog IPO is .
| Exim Routes IPO | Nityanand Udyog IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹83.00 per share | |
| Issue Price (Upper) | ₹88.00 per share | |
| Issue Price (Final) | ₹88.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | |
| Fresh Issue Size | 47,20,000 shares | 44,60,000 shares |
| Fresh Issue Size (Amount) | up to ₹41.54 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 47,20,000 shares | 44,60,000 shares |
| Issue Size Total (Amount) | up to ₹41.54 Cr | up to ₹0.00 Cr |
Exim Routes IPO opens on Dec 12, 2025, while Nityanand Udyog IPO opens on . The closing date of Exim Routes IPO and Nityanand Udyog IPO is Dec 16, 2025, and , respectively.
| Exim Routes IPO | Nityanand Udyog IPO | |
|---|---|---|
| Anchor Bid Date | Dec 11, 2025 | |
| Issue Open | Dec 12, 2025 | |
| Issue Close | Dec 16, 2025 | |
| Basis Of Allotment (Tentative) | Dec 17, 2025 | |
| Initiation of Refunds (Tentative) | Dec 18, 2025 | |
| Credit of Share (Tentative) | Dec 18, 2025 | |
| Listing date (Tentative) | Dec 19, 2025 | |
| Anchor Lockin End date 1 | Jan 16, 2026 | |
| Anchor Lockin End date 2 | Mar 17, 2026 |
Exim Routes IPO P/E ratio is 16.04, as compared to Nityanand Udyog IPO P/E ratio of .
| Exim Routes IPO | Nityanand Udyog IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)Exim Routes Ltd.'s revenue increased by 67% and profit after tax (PAT) rose by 80% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)Nityanand Udyog Ltd.'s revenue increased by 1% and profit after tax (PAT) rose by 60% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 71.35 | 88.88 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 52.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹165.02 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 53.14% | 44.27% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 35.53% | 29.88% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.20 | 0.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.49 | ₹4.40 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 42.28% | 29.95% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Exim Routes IPO Retail Individual Investors (RII) are offered 16,57,600 shares while in Nityanand Udyog IPO retail investors are offered 16,57,600 shares. Qualified Institutional Buyers (QIB) are offered 9,40,800 shares in Exim Routes IPO and 0 shares in Nityanand Udyog IPO.
| Exim Routes IPO | Nityanand Udyog IPO | |
|---|---|---|
| Anchor Investor Reservation | 14,11,200 shares | 0 shares |
| Market Maker Reservation | 2,49,600 shares | 0 shares |
| QIB | 9,40,800 shares | 0 shares |
| NII | 7,10,400 shares | 0 shares |
| RII | 16,57,600 shares | 0 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 47,20,000 shares | 0 shares |
Exim Routes IPO subscribed 15.23x in total, whereas Nityanand Udyog IPO subscribed .
| Exim Routes IPO | Nityanand Udyog IPO | |
|---|---|---|
| QIB (times) | 19.11x | |
| NII (times) | 22.43x | |
| Big NII (times) | 27.73x | |
| Small NII (times) | 12.02x | |
| RII (times) | 9.94x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 15.23x |
