Exim Routes IPO Description – Incorporated in 2019, Exim Routes has emerged as a global platform specializing in recyclable paper trade and services. The company operates through a structured network of its Indian parent and multiple international subsidiaries located in the USA, UK, Singapore, Germany, and South Africa. At the core of its operations is the Exim Routes Intelligence System (ERIS), an AI-powered B2B digital platform that enables supply chain management, offer matching, market intelligence, customer enablement, and logistics integration. ERIS not only supports Exim’s internal operations but is also licensed to select suppliers and paper mills, facilitating transactions between more than 100+ international yards and 50+ Indian mills across 15+ countries.
The company’s services span four primary segments: paper recyclables trading (direct and high-seas models), ERIS subscriptions, logistics and container handling services, and management consultancy services. Its recyclable paper portfolio covers white grades (Sorted Office Paper, Hard White Shavings, Cupstock, Tissue), brown grades (OCC, Mixed Paper, BBC, Cores), and mechanical grades (Newspapers, Magazines).
As of 30 June 2025, the company had a workforce of 18 full-time employees.
Promoters of Exim Routes – Mr. Manish Goyal and Mr. Govind Rai Garg
Table of Contents
Exim Routes IPO Details
| Exim Routes IPO Dates | 12 – 16 December 2025 |
| Exim Routes Issue Price | INR 83 – 88 per share |
| Fresh Issue | 49,69,600 shares (INR 41.25 – 43.73 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 49,69,600 shares (INR 41.25 – 43.73 crore) |
| Minimum Bid | 3,200 shares (INR 2,81,600) |
| Lot Size | 1,600 shares (INR 1,40,800) |
| Face Value | INR 5 per share |
| Individual Allocation | 35% |
| Listing On | NSE EMERGE |
Exim Routes Financial Performance
| FY 2023 | FY 2024 | FY 2025 | Q1 FY 2026 | |
| Revenue | 36.45 | 71.86 | 120.67 | 43.84 |
| Expenses | 35.97 | 67.56 | 111.21 | 42.60 |
| Net income | 0.78 | 4.20 | 7.56 | 1.17 |
Exim Routes Offer News
- Exim Routes RHP
- Exim Routes Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Exim Routes Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 0.25 | 0.52 | 2.75 |
| PE ratio | – | – | 30.18 – 32.00 |
| RONW (%) | 78.84 | 149.01 | 53.14 |
| NAV | 55.72 | 117.70 | 11.32 |
| ROCE (%) | 14.50 | 51.19 | 35.53 |
| EBITDA (%) | 1.75 | 6.37 | 8.24 |
| Debt/Equity | 4.54 | 0.89 | 0.20 |
Exim Routes IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Exim Routes IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of () shares and the anchor investor portion of () shares are not included in the above calculations.
Exim Routes IPO Allotment Status
Exim Routes IPO allotment status will be available on Maashitla Securities website. Click on this link to get the allotment status.
Exim Routes IPO Dates & Listing Performance
| IPO Opening Date | 12 December 2025 |
| IPO Closing Date | 16 December 2025 |
| Finalization of Basis of Allotment | 17 December 2025 |
| Initiation of refunds | 18 December 2025 |
| Transfer of shares to demat accounts | 18 December 2025 |
| IPO Listing Date | 19 December 2025 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Exim Routes Offer Lead Manager
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C
Bose Road, Kolkata, West Bengal- 700020
Phone: 033- 40501500
Email: [email protected]
Website: www.narnolia.com
Exim Routes Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square, Netaji Subhash
Place, Pitampura, Delhi -110034
Tel: +91-11-45121795-96
E-mail: [email protected]
Website: www.maashitla.com
Exim Routes Contact Details
Exim Routes Limited
Unit No 421, 4th Floor, Suncity Success
Tower, Golf Course Extension Road,
Sector 65, Gurugram, Haryana 122101
Phone: +91 95602 71761
E-mail: [email protected]
Website: www.eximroutes.ai
IPO FAQs
What is the Exim Routes offer size?
Exim Routes offer size is INR 41.25 – 43.73 crore.
What is the Exim Routes offer price band?
Exim Routes public offer price is INR 83 – 88 per share.
What is the lot size of the Exim Routes IPO?
Exim Routes offer lot size is 1600 shares.
What is the Exim Routes IPO GMP today?
Exim Routes IPO GMP today is INR NA per share.
What is the Exim Routes IPO Subject to Sauda rate today?
Exim Routes Subject to Sauda rate today is INR NA per application.