Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Ecoline Exim Ltd. IPO is a book build issue of ₹76.42 crores. The issue is a combination of fresh issue of 0.43 crore shares aggregating to ₹61.19 crores and offer for sale of 0.11 crore shares aggregating to ₹15.23 crores.
Ecoline Exim IPO bidding started from Sep 23, 2025 and ended on Sep 25, 2025. The allotment for Ecoline Exim IPO was finalized on Sep 26, 2025. The shares got listed on NSE SME on Sep 30, 2025.
Ecoline Exim IPO price band is set at ₹141.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,82,000.00 (2,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,000 shares), amounting to ₹4,23,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Ecoline Exim IPO RHP for detailed Information.
| IPO Date | September 23, 2025 to September 25, 2025 |
| Listing Date | September 30, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹134 to ₹141 per share |
| Issue Price Final | ₹141 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 54,20,000 shares (aggregating up to ₹76.42 Cr) |
| Reserved for Market Maker | 2,72,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹3.84 Cr) |
| Fresh Issue (Ex Market Maker) | 40,68,000 shares (aggregating up to ₹57.36 Cr) |
| Offer for Sale | 10,80,000 shares of ₹10 (aggregating up to ₹15.23 Cr) |
| Net Offered to Public | 51,48,000 shares (aggregating up to ₹72.59 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,61,75,376 shares |
| Share Holding Post Issue | 2,05,15,376 shares |
Ecoline Exim IPO offers total 54,20,000 shares. Out of which 25,73,000 (47.47%) allocated to QIB, 10,30,000 (19.00%) allocated to QIB (Ex- Anchor), 7,73,000 (14.26%) allocated to NII 18,02,000 (33.25%) allocated to RII and 15,43,000 (28.47%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,72,000 (5.02%) |
| QIB Shares Offered | 25,73,000 (47.47%) |
| − Anchor Investor Shares Offered | 15,43,000 (28.47%) |
| − QIB (Ex. Anchor) Shares Offered | 10,30,000 (19.00%) |
| NII (HNI) Shares Offered | 7,73,000 (14.26%) |
| − bNII > ₹10L | 5,15,000 (9.50%) |
| − sNII < ₹10L | 2,58,000 (4.76%) |
| Retail Shares Offered | 18,02,000 (33.25%) |
| Total Shares Offered | 54,20,000 (100.00%) |
Ecoline Exim IPO raises ₹21.76 crore from anchor investors. Ecoline Exim IPO Anchor bid date is September 22, 2025. Ecoline Exim IPO Anchor Investors list
| Bid Date | September 22, 2025 |
| Shares Offered | 15,43,000 |
| Anchor Portion Size (In Cr.) | 21.76 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 25, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 24, 2025 |
Ecoline Exim IPO opens on September 23, 2025, and closes on September 25, 2025.
| IPO Open Date | Tue, Sep 23, 2025 |
| IPO Close Date | Thu, Sep 25, 2025 |
| Tentative Allotment | Fri, Sep 26, 2025 |
| Initiation of Refunds | Mon, Sep 29, 2025 |
| Credit of Shares to Demat | Mon, Sep 29, 2025 |
| Tentative Listing Date | Tue, Sep 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 25, 2025 |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 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 |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,82,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,82,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,23,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,87,000 |
| B-HNI (Min) | 8 | 8,000 | ₹11,28,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2008, Ecoline Exim Limited is primarily engaged in manufacturing of wide range of sustainable packaging and promotional bags made out of cotton and jute
Ecoline Exim Limited manufactures sustainable cotton, jute packaging, and promotional bags for global export.
The company has exported its products to more than 27 countries including the European Union, the USA, Japan, and Southeast Asia and Mexico, etc.
The company is an OEM providing packaging solutions for Supermarkets, retail chains, wholesalers, and promotional companies.
As of September 18, 2025, the company operates three manufacturing units, one in Ahmedabad, Gujarat, and the rest in West Bengal.
Products:
As on March 31, 2025, the company had 201 permanent employees and 339 contractual employees.
Competitive Strength
Ecoline Exim Ltd.'s revenue decreased by 3% and profit after tax (PAT) dropped by 17% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 146.31 | 128.72 | 104.46 |
| Total Income | 273.07 | 280.59 | 310.67 |
| Profit After Tax | 18.82 | 22.59 | 18.86 |
| EBITDA | 29.99 | 33.94 | 30.57 |
| NET Worth | 88.45 | 71.70 | 49.11 |
| Reserves and Surplus | 72.27 | 70.54 | 47.96 |
| Total Borrowing | 39.89 | 44.81 | 42.47 |
| Amount in ₹ Crore | |||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 23.51% |
| ROCE | 21.14% |
| Debt/Equity | 0.45 |
| RoNW | 21.28% |
| PAT Margin | 6.99% |
| EBITDA Margin | 11.14% |
| Price to Book Value | 2.58 |
| Market Capitalization | 289.27 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 11.64 | 9.17 |
| P/E (x) | 12.12 | 15.37 |
Note: KPIs are based on standalone financial statement for FY 2025.
The Company Ecoline Exim IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding the capital expenditure towards construction of building, mechanical and electrical works and procurement of plant and machinery for setting up a new manufacturing facility at Ahmedabad (“Proposed Factory V”) | 50.00 |
| 2 | General Corporate Purpose. | 4.42 |
[Dilip Davda] The company is engaged in the manufacturing of wide range of sustainable packaging and promotional bags made of cotton and jute. While it posted declining top lines, inconsistent bottom lines for the reported periods. The company is operating in a highly competitive and fragmented segment. Based on its recent financial data, the issue appears reasonably priced. Well-informed investors may park moderate funds for medium term. Read detail review...
| Period Ended | 31 Mar 2025 | |
| Assets | 146.31 | |
| Total Income | 273.07 | |
| Profit After Tax | 18.82 | |
| EBITDA | 29.99 | |
| Net Worth | 88.44 | |
| Reserves and Surplus | 72.27 | |
| Total Borrowing | 39.89 | |
| Amount in ₹ Crore | ||
| Listing Date | September 30, 2025 |
| BSE Script Code | |
| NSE Symbol | ECOLINE |
| ISIN | INE0VBS01016 |
| Final Issue Price | ₹141 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹141.00 |
| Open | ₹140.85 |
| Low | ₹133.80 |
| High | ₹141.00 |
| Last Trade | ₹140.50 |
Ecoline Exim Ltd.
8, G.C.
Ghosh Road
Kolkata
Kolkata, West Bengal, 700048
Phone: +91-89101-0025
Email: cs@ecoline.net.in
Website: https://ecoline.net.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: ecolineexim.smeipo@in.mpms.mufg.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Ecoline Exim IPO is a SME IPO of 54,20,000 equity shares of the face value of ₹10 aggregating up to ₹76.42 Crores. The issue is priced at ₹141 per share. The minimum order quantity is 1000.
The IPO opens on September 23, 2025, and closes on September 25, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ecoline Exim IPO using UPI as a payment gateway. Zerodha customers can apply in Ecoline Exim IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ecoline Exim IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ecoline Exim IPO opens on September 23, 2025 and closes on September 25, 2025.
Ecoline Exim IPO lot size is 1000, and the minimum amount required for application is ₹2,82,000, with 2 lots being the minimum application size.
You can apply in Ecoline Exim IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ecoline Exim IPO will be done on Friday, September 26, 2025, and the allotted shares will be credited to your demat account by Monday, September 29, 2025. Check the Ecoline Exim IPO allotment status.
The Ecoline Exim IPO listing date is on Tuesday, September 30, 2025.
Useful Articles
RHP