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HomeIPOExim Routes

About Exim Routes

Incorporated in April 2019, Exim Routes Limited is an online intercontinental marketplace that aides in the exchange of recyclable paper material wastes by providing end-to-end services to Indian Paper Mills, right from sourcing waste paper to quality assurance and logistics.The Company has a group structure, comprising a parent located in India, namely Exim Routes Limited, and foreign subsidiaries.Exim Routes is a global recyclable exchange company focused on facilitating cross-border trade in recyclable materials, with particular emphasis on paper and metal scrap.Exim Routes provides its own AI-driven B2B platform, called 'ERIS,' which aims to connect recyclable paper buyers and sellers for hassle-free procurement, supply-chain, and delivery.It involves sourcing wastepaper from around the world 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, besides the subsidiaries in the USA, UK, Germany, and South Africa.The company offers comprehensive services such as sourcing, quality assurance, logistics, and trade execution.Exim Routes integrates a global network with a technology-driven methodology to simplify the recyclables trade ecosystem.As of November 30, 2025, our Company currently employs 18 employees.

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Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Exim Routes

Exim Routes

Open Date

12 Dec 2025

Close Date

16 Dec 2025

listed

Min Investment

₹281600

Lot Size

3200 Shares

Issue Size

₹43.73 Cr

Price Range

₹83 - ₹88

Listing Date

Dec 19, 2025

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Revenue Growth

Company Valuation

Earning Expansion

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

Exim Routes IPO - Issue Objectives

The company will utilise ₹14.50 crore to develop and maintain the ERIS platform The company will utilise ₹9 crore towards expenses for working capital to fund business growth The company will utilise ₹7.13 crore for investment in office space to accommodate new hires. Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Capital expenditure

33.1%

Working capital

20.5%

Investment in office space

16.3%

General corporate purpose

30.1%

1

Capital expenditure

The company will utilise ₹14.50 crore to develop and maintain the ERIS platform

33.10%
2

Working capital

The company will utilise ₹9 crore towards expenses for working capital to fund business growth

20.50%
3

Investment in office space

The company will utilise ₹7.13 crore for investment in office space to accommodate new hires.

16.30%
4

General corporate purpose

Part of the IPO proceeds will be used for general corporate purposes and issue expenses

30.10%

IPO Subscription Status

QIB
19.11x
NII
22.78x
Total
15.30x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Exim Routes

In Cr.

Key Performance Indicator30-Jun-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue44.17120.9972.3936.46
EBITDA1.399.954.580.64
Expenses
Profit After Tax1.177.564.200.37
Assets50.9747.6220.536.63
Net Worth16.3815.601.180.56
Reserves15.7114.413.580.53
Borrowing5.102.751.462.86

Exim Routes - Promoter(s)

Mr. Manish Goyal

Mr. Govind Rai Garg

Pre Issue Share Holding

71.35%

Post Issue Share Holding

52.44%

Contact Details

Exim Routes

Unit No 421, 4th Floor, Suncity Success Tower, Golf Course Extension Road, Sector 65, Gurgaon, Haryana, 122101

+919560271761
cs.er@eximroutes.in
https://eximroutes.ai/

Registrar Contact Details

Maashitla Securities Pvt.Ltd.

+91-11-45121795
Investor.ipo@maashitla.com
https://maashitla.com/allotment-status/public-issues

Exim Routes IPO - FAQs

Exim Routes IPO is a SME IPO. The issue is priced at ₹83-88 per equity share. The minimum order quantity is 3200 Shares. The IPO opens on 12 Dec, and closes on 16 Dec. Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on SME.









IPO Timeline

  • Pre Apply2025-12-11
  • Bidding Starts2025-12-12
  • Bidding Ends2025-12-16
  • Allotment Finalisation2025-12-17
  • Release of Funds2025-12-18
  • Demat Transfer2025-12-18
  • Listing2025-12-19