Bookbuilding IPO | ₹76 Cr | Listed at NSE SME | Tue, Sep 23, 2025 - Thu, Sep 25, 2025
Ecoline Exim 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 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 (2,000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Sep 23, 2025
IPO Close
Thu, Sep 25, 2025
Issue Price
₹141 per share
Market Cap (Pre-IPO)
₹289.27 Cr
| IPO Date | 23 to 25 Sep, 2025 |
| Listed on | Tue, Sep 30, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹134 to ₹141 |
| Issue Price | ₹141 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 54,20,000 shares (agg. up to ₹76 Cr) |
| Reserved for Market Maker | 2,72,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 40,68,000 shares (agg. up to ₹57 Cr) |
| Offer for Sale | 10,80,000 shares of ₹10 (agg. up to ₹15 Cr) |
| Net Offered to Public | 51,48,000 shares (agg. up to ₹73 Cr) |
| Share Holding Pre Issue | 1,61,75,376 shares |
| Share Holding Post Issue | 2,05,15,376 shares |
| NSE Symbol | ECOLINE |
| ISIN | INE0VBS01016 |
Ecoline Exim IPO comprises a total issue size of 54,20,000 shares. The net offer to the public is 51,48,000 shares, after excluding 2,72,000 shares allotted on a firm basis. Of the Net offer 25,73,000 (49.98%) are allocated to QIB, 7,73,000 (15.02%) allocated to NII 18,02,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 25,73,000 | 49.98% | 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 | 15.02% | 14.26% |
| − bNII > ₹10L | 5,15,000 | 9.50% | |
| − sNII < ₹10L | 2,58,000 | 4.76% | |
| Retail Shares Offered | 18,02,000 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,72,000 | 5.02% | |
| Total Shares Offered | 54,20,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| 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 |
Ecoline Exim IPO raises ₹21.76 crore from anchor investors. Ecoline Exim IPO Anchor bid date is September 22, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Sep 22, 2025 |
| Shares Offered | 15,43,000 |
| Anchor Portion (₹ Cr.) | 21.76 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 25, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 24, 2025 |
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 | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.64 | 9.17 |
| P/E (x) | 12.12 | 15.37 |
| Promoter Holding | 100% | 73.58% |
| Market Cap | ₹289.27 Cr. |
The Ecoline Exim IPO is subscribed 6.06 times on September 25, 2025 6:20:01 PM (Day 3). The public issue subscribed 4.37 times in the individual investors category, 9.51 times in the QIB category, and 5.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 9.51 | 10,30,000 | 97,95,000 | 13 |
| NII* | 5.41 | 7,73,000 | 41,79,000 | 756 |
| bNII (bids above ₹10L) | 5.62 | 5,15,000 | 28,96,000 | |
| sNII (bids below ₹10L) | 4.97 | 2,58,000 | 12,83,000 | |
| Individual Investors | 4.37 | 18,02,000 | 78,74,000 | 3,937 |
| Total | 6.06 | 36,05,000 | 2,18,48,000 | 4,706 |
Total Application : 4,706
*Market Maker portion is not included to NII/HNI.
| 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 | ||
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including underwriting commission | 3.61 |
| 2 | Fees Payable to Registrar to the Offer | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.81 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.05 |
| 5 | Payment for Printing & Stationery, Postage, etc | 0.00 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.08 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 2.21 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹141.00 |
| Open | ₹140.85 |
| Low | ₹133.80 |
| High | ₹141.00 |
| Last Trade | ₹140.50 |
Lead Manager Reports
Ecoline Exim IPO is a SME IPO of 54,20,000 equity shares of the face value of ₹10 aggregating up to ₹76 Crores. The issue is priced at ₹141 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Sep 23, 2025, and closes on Thu, Sep 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 Tue, Sep 23, 2025 and closes on Thu, Sep 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 Mon, Sep 29, 2025. Check the Ecoline Exim IPO allotment status.
The Ecoline Exim IPO listing date is on Tue, Sep 30, 2025.
