Exim Routes Limited
IPO Details
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Lot Distribution
Reservation
Company Fin.
₹22(25.00%)
Premium (ELP)
Following its successful public offering, Exim Routes Limited's made its market debut on Dec 19, 2025 and is now actively traded on the NSEplatform. The IPO mobilized 49,69,600 Shares in total capital, including 49,69,600 Shares in primary equity infusion.
The offering was structured with a price band of ₹83 to ₹88 and minimum investment lots of 1600 shares. Investor participation during the subscription window from Dec 12, 2025 to Dec 16, 2025 demonstrated market confidence in the company's prospects.
The allotment process concluded on Dec 17, 2025, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in April 2019, Exim Routes Limited is a global recyclable exchange company that facilitates cross-border trade of recyclable materials—primarily paper and metal scrap—by providing end-to-end services to Indian Paper Mills, including sourcing, quality assurance, logistics, and trade execution. Operating through a group structure with its Indian parent and foreign subsidiaries in Singapore, the USA, UK, Germany, and South Africa, the company leverages its AI-powered B2B platform, ERIS (Exim Routes Intelligence System), to connect suppliers and buyers, streamline supply chain management, and enable seamless global trading. With a worldwide presence and a technology-driven approach that simplifies the recyclables ecosystem, Exim Routes continues to expand its role in sustainable trade, supported by a team of 18 employees as of June 30, 2025.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Technical Foundation in Paper Industry – Founded by an IIT Roorkee paper engineer with 16 years of industry experience, supported by a leadership team of paper and polymer engineering experts.
- Seasoned and Multi-Skilled Leadership Team – Management and advisors bring wide experience across strategy, operations, finance, and commodities from global firms like EY, Amazon, P&G, McKinsey, and BCG.
- In-House AI-Powered Digital Platform – The company’s proprietary ERIS platform uses AI to improve inventory matching, price discovery, market insights, communication, and global logistics execution.
- Risk of Technology Becoming Outdated – Heavy dependence on the ERIS platform means delays in upgrades or innovation could reduce system efficiency, user engagement, and revenue potential.
- High Dependence on Recyclable Paper Trading – A large share of revenue comes from recyclable paper business with Indian mills, so losing key clients or slow client addition can impact growth and performance.
- Cyclical Nature of Recyclable Paper Market – Demand and prices fluctuate due to global economic cycles, which can cause revenue instability and pressure on profit margins during weak market phases.
- Mr. Manish Goyal
- Mr. Govind Rai Garg
Exim Routes Limited
Maashitla Securities Private Limited