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Ecoline Exim Ltd. has refiled a Draft Red Herring Prospectus (DRHP) with the exchange on August 8, 2025 to raise funds through Initial Public Offer (IPO).
The initial submission on January 17, 2025 was withdrawn by the company on May 8, 2025 prompting the company to refile the documents.
Ecoline Exim Ltd. IPO is a Book Build Issue of 0.54 crore equity shares consisting of a fresh issue of upto 0.43 crore equity shares and an offer for sale (OFS) of upto 0.11 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Ecoline Exim IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 54,20,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 43,40,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 10,80,000 shares of ₹10 (aggregating up to ₹[.] 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 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Jan 17, 2025 |
| Offer document withdrawn | Thu, May 8, 2025 |
| Filed with SEBI/Exchange | Fri, Aug 8, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2008, Ecoline Exim Limited manufactures sustainable cotton, jute packaging, and promotional bags for global export.
The company has exported its products to more than 25 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.
By September 30, 2024, the company sold products to 48 customers for functional needs and 24 for promotional needs.
As of December 31, 2024, the company has an outstanding order book for supply for cotton and jute bags worth Rs 9744.37 lakhs from around 60 customers.
As of January 2025, the company operates three manufacturing units, one in Ahmedabad, Gujarat, and the rest in West Bengal.
As of September 30, 2024, the Company has 267 employees across various locations.
Competitive Strength
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 128.72 | 104.46 |
| Total Income | 280.59 | 310.67 |
| Profit After Tax | 22.59 | 18.86 |
| EBITDA | 33.94 | 30.57 |
| Net Worth | 71.70 | 49.11 |
| Reserves and Surplus | 70.54 | 47.96 |
| Total Borrowing | 44.81 | 42.47 |
| Amount in ₹ Crore | ||
| KPI | Values |
|---|---|
| ROE | 23.51% |
| ROCE | 21.14% |
| Debt/Equity | 0.45 |
| RoNW | 21.28% |
| PAT Margin | 6.99% |
| EBITDA Margin | 11.14% |
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. |
| 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 | ||
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 ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Ecoline Exim IPO open and close dates are not available as of now.
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 dates are not announced. Please check back again after some time.
Ecoline Exim IPO lot size and the minimum order quantity is not available at this time. Please check again later.
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 [.], and the allotted shares will be credited to your demat account by [.]. Check the Ecoline Exim IPO allotment status.
The Ecoline Exim IPO listing date is not yet announced. The tentative date of Ecoline Exim IPO listing is [.].
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