Exim Routes Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,352,000 (47%) | — | ₹2,070 Cr |
| NII (HNI) | — | 710,400 (14%) | — | ₹625 Cr |
| Retail | — | 1,657,600 (33%) | — | ₹1,459 Cr |
| Market Maker | — | 249,600 (5%) | — | ₹22 Cr |
| Σ Total | — | 4,969,600 (100%) | — | ₹43,732 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 | 1,600 | ₹140,800 |
| Retail (Max) | 13 | 20,800 | ₹1,830,400 |
| S-HNI (Min) | 14 | 22,400 | ₹1,971,200 |
| B-HNI (Min) | 67 | 107,200 | ₹9,433,600 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 44 | 121 | 72 |
| EBITDA | 1 | 10 | 5 |
| Profit After Tax | 1 | 8 | 4 |
| Net Worth | 16 | 16 | 1 |
| Total Assets | 51 | 48 | 21 |
| Reserves & Surplus | 16 | 14 | 4 |
| Total Borrowing | 5 | 3 | 1 |
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
- To meet out the expenses for Development and Maintenance of the ERIS platform – 11.87
- To meet out the expenses for Working Capital to fund business growth – 9.00
- To meet out the expenses for Investment in Office space to accommodate new hires – 7.13
- General Corporate Purposes –
Company Overview
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 through a group structure, with an Indian parent, Exim Routes Limited, and foreign subsidiaries.
Exim Routes is a global recyclable exchange company focused on facilitating cross-border trade in recyclable materials, particularly paper and metal scrap.
Exim Routes uses its proprietary AI-powered B2B platform (referred to as “ERIS”) to connect buyers and sellers of recyclable paper, streamlining procurement, supply-chain and delivery.
Its business model involves sourcing wastepaper globally and supplying to Indian mills, handling logistics and trade coordination across geographies.
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 November 30, 2025, our Company has 18 employees.
Competitive strengths
- A globally oriented sourcing network for recyclable paper materials, enabling access to international supply.
- An AI-enabled B2B platform (ERIS) facilitates efficient buyer-seller matching and transaction coordination.
- An end-to-end service model including procurement, logistics, and delivery — reducing complexity for Indian paper mills.
- Experienced promoters and management with expertise in trade, supply chain, and business operations.
- A business model tailored to meet demand from Indian paper mills seeking a consistent supply of recyclables.