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Exim Routes Ltd. has filed its Draft Red Herring Prospectus (DRHP) with the exchange on July 16, 2025 to raise funds through Initial Public Offer (IPO) and is currently under process. This indicates that the DRHP is under review by the exchange.
Exim Routes Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.50 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. Narnolia Financial Services Ltd. is the book running lead manager and Maashitla Securities 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 Exim Routes IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Total Issue Size | 49,69,600 shares (aggregating up to ₹[.] Cr) |
| Reserved for Market Maker | 2,49,600 shares (aggregating up to ₹[.] Cr) |
| Net Offered to Public | 47,20,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,37,82,400 shares |
| Share Holding Post Issue | 1,87,52,000 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII Shares Offered | Not less than 15.00% of the Net Offer |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Jul 16, 2025 |
| Under Process | Tue, Jul 22, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in April 2019, Exim Routes Limited is a global platform that facilitates the exchange of recyclable paper materials, offering end-to-end services to Indian Paper Mills, from sourcing waste paper to quality assurance and logistics.
The company operates via a group structure with Indian parent Exim Routes Limited and foreign subsidiaries.
Exim Routes is a global recyclable exchange company, focused on facilitating the cross-border trade of recyclable materials, particularly paper and metal scrap.
They operate a B2B platform, powered by AI, called ERIS (Exim Routes Intelligence System), to connect suppliers and buyers, manage supply chains, and enable trade.
Their operations span multiple continents, with a strong presence in India and Singapore, as well as subsidiaries in the USA, UK, Germany, and South Africa.
They offer comprehensive services, including sourcing, quality assurance, logistics, and trade execution.
Exim Routes combines a global network with a tech-driven approach to simplify the recyclables trade ecosystem.
As of June 30, 2025, the company has 18 employees in various departments.
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 47.62 | 20.53 | 6.63 |
| Total Income | 120.99 | 72.39 | 36.46 |
| Profit After Tax | 7.56 | 4.20 | 0.37 |
| EBITDA | 9.95 | 4.58 | 0.64 |
| Net Worth | 15.60 | 1.18 | 0.56 |
| Reserves and Surplus | 14.41 | 3.58 | 0.53 |
| Total Borrowing | 2.75 | 1.46 | 2.86 |
| Amount in ₹ Crore | |||
| KPI | Values |
|---|---|
| ROE | 42.28% |
| ROCE | 26.81% |
| Debt/Equity | 0.18 |
| PAT Margin | 18.52% |
| EBITDA Margin | 8.24% |
The Company Exim Routes 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 | To meet out the expenses for Development and Maintenance of the ERIS platform | 11.87 |
| 2 | To meet out the expenses for Working Capital to fund business growth | 9.00 |
| 3 | To meet out the expenses for Investment in Office space to accommodate new hires | 7.13 |
| 4 | General Corporate Purposes |
Exim Routes Ltd.
Unit No 421, 4th Floor,
Suncity Success Tower, Golf Course Extension Road,
Sector 65,
Gurgaon, Haryana, 122101
Phone: +91 95602 71761
Email: cs.er@eximroutes.in
Website: https://eximroutes.ai/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: contact@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Exim Routes IPO is a SME IPO of 49,69,600 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Exim Routes IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Exim Routes IPO using UPI as a payment gateway. Zerodha customers can apply in Exim Routes IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Exim Routes IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Exim Routes IPO dates are not announced. Please check back again after some time.
Exim Routes IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Exim Routes 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 Exim Routes IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Exim Routes IPO allotment status.
The Exim Routes IPO listing date is not yet announced. The tentative date of Exim Routes IPO listing is [.].
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