Ecoline Exim Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,573,000 | — | ₹36 Cr |
| NII (HNI) | — | 773,000 (14%) | — | ₹1,090 Cr |
| Retail | — | 1,802,000 (33%) | — | ₹2,541 Cr |
| Market Maker | — | 272,000 (5%) | — | ₹38 Cr |
| Σ Total | — | 5,420,000 (100%) | — | ₹76,422 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹141,000 |
| Retail (Max) | 13 | 13,000 | ₹1,833,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,974,000 |
| B-HNI (Min) | 67 | 67,000 | ₹9,447,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 273 | 281 | 311 |
| EBITDA | 30 | 34 | 31 |
| Profit After Tax | 19 | 23 | 19 |
| Net Worth | 88 | 72 | 49 |
| Total Assets | 146 | 129 | 104 |
| Reserves & Surplus | 72 | 71 | 48 |
| Total Borrowing | 40 | 45 | 42 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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
- General Corporate Purpose. –
Company Overview
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
- Sustainable and Eco-friendly business model focusing on three R’s of the environment – Reduce, Reuse and Recycle.
- Stringent quality control mechanism ensuring standardized product quality.
- Strategically located in-house manufacturing capabilities with design expertise.
- Long standing association with customers.
- Widespread reach in International Market.