Exim Routes IPO subscribed 15.23 times on the last day, a retail quota of over 9.94 times, NII of over 22.43 times, and QIB of 19.11, respectively.
Details About Exim Routes IPO
Exim Routes got approval from SEBI for an IPO of around ₹43.73 crores. Exim Routes IPO entirely with fresh issues of ₹43.73 crores with a face value of ₹5 each.
Further, Exim Routes had a set price band between ₹83 to ₹88 Per Share.
In the Exim Routes IPO, 3,200 shares were in 1 lot size for the retail minimum and maximum category as well. Moreover, 4,800 shares were in 3 lot sizes for the S-HNI minimum category. 11,200 shares were available in 7 lot sizes for the S-HNI maximum category. 12,800 shares were available in 8 lot sizes 8 lot sizes.
To invest in the Exim Routes IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹2,81,600
- SHNI (S-HNI): Minimum investment of ₹4,22,400.
- SHNI (S-HNI): Maximum investment of ₹9,85,600
- B-HNI Minimum: Minimum investment of ₹11,26,400.
Exim Routes IPO Subscription Duration
The Exim Routes IPO opening date was December 12, 2025, and the closing date was December 16, 2025. The allotment of Exim Routes IPO was on December 17, 2025, while the investors will receive a refund on December 18, 2025. Exim Routes’ IPO listing date is scheduled for December 19, 2025.
Exim Routes IPO funds deployment
- The proceeds raised from the fresh issue will be utilized towards expenses for the Development and Maintenance of the ERIS platform.
- Some funds will be used for the expenses for Working Capital to fund business growth.
- A portion of the revenue will be used for Investment in Office space to accommodate new hires.
- Lastly, the remaining funds will be utilized for the company’s General Corporate Purposes.
About Exim Routes Company
Founded in April 2019, Exim Routes Limited is one of the growing companies working to help Indian Paper Mills by providing them with recyclable paper, ensuring quality, and handling logistics. Its recycling papers include white grades (like office paper and tissue), brown grades (like OCC and mixed paper), and mechanical grades (like newspapers and magazines).
ERIS manages 100+ international yards and 50+ Indian mills across 15+ countries. Moreover, the company includes 18 employees as of June 30, 2025. To run its business smoothly, the company has created the Exim Routes Intelligence System (ERIS), an AI-powered B2B platform that handles 4 main functions, which are offer matching, market intelligence, customer enablement, and logistics integration.
Financial Resort of the Exim Routes Company
The company reported revenue of ₹120.99 crores in 2025 against ₹72.39 crores in 2024. The company reported a profit of ₹7.56 crores in 2025 against a profit of ₹4.20 crores in 2024.
