Exim Routes IPO Details
The Exim Routes IPO is a book build issue with a total issue size of ₹43.73 cr Exim Routes IPO opened for subscription on Dec 12, 2025 and closed on Dec 16, 2025. Exim Routes IPO is set price band at ₹83 to ₹88 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹281,600.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Dec 17, 2025, and listed on the NSE on Dec 19, 2025.
Maashitla Securities Pvt. Limited has been appointed as the registrar. Narnolia Financial Services are the Book Running Lead Manager for the issue.
Before investing in the Exim Routes IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 83 – 88
- Lot Size
- 1600
- Issue Size
- ₹43.73 Cr
- Minimum Investment
- ₹281600 (3200 Shares)
- Listing Date
- 19 December 2025
Current GMP
₹32 (+36.36%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Exim Routes Limited
Exim Routes Limited, incorporated in April 2019, is a global platform specializing in the exchange of recyclable materials, primarily wastepaper. The Company provides end-to-end solutions to Indian paper mills, covering global sourcing, quality assurance, logistics management, and trade execution.
Exim Routes operates through a group structure with Exim Routes Limited (India) as the parent company and multiple foreign subsidiaries. The Company has a multinational footprint, with a strong presence in India and Singapore, along with subsidiaries in the USA, UK, Germany, and South Africa.
At the core of its operations is ERIS, a proprietary AI-powered B2B platform that connects buyers and sellers of recyclable paper worldwide. ERIS streamlines procurement, automates supply-chain processes, and enhances delivery coordination, enabling efficient cross-border trade in recyclables.
Exim Routes follows a tech-enabled trading model, sourcing wastepaper from global markets and supplying it to mills across India, while managing logistics and compliance throughout the transaction lifecycle. In addition to paper, the Company is also focused on facilitating the trade of metal scrap and other recyclable materials.
With its combination of a global network and a technology-driven approach, Exim Routes aims to simplify and modernize the recyclables trade ecosystem.
As of November 30, 2025, the Company employs 18 people.
Exim Routes IPO Promoters
- Mr. Manish Goyal
- Mr. Govind Rai Garg
Promoters Holding
Holding Pre Issue
71.35%
Holding Post Issue
52.44%
Exim Routes IPO Objective
The Company Exim Routes IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- To meet out the expenses for Development and Maintenance of the ERIS platform
- To meet out the expenses for Working Capital to fund business growth
- To meet out the expenses for Investment in Office space to accommodate new hires
- General Corporate Purposes
Address / Contact Info
Exim Routes Ltd.
Unit No 421, 4th Floor,
Suncity Success Tower,Golf Course Extension Road,
Sector 65,Gurgaon, Haryana, 122101
Phone: +91 95602 71761
Email: cs.er@eximroutes.in
Website: https://eximroutes.ai/
IPO Snapshot
Book Running Lead Managers
- Narnolia Financial Services
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Exim Routes IPO is a Book-building IPO with a total issue size of ₹43.73 crore. The Exim Routes IPO price band is ₹83 to 88 per share. The Exim Routes IPO subscription opens on Fri, Dec 12, 2025, and closes on Tue, Dec 16, 2025. The Exim Routes IPO will be listed on the NSE. Maashitla Securities Pvt. Limited is the registrar for the Exim Routes IPO.
The Exim Routes IPO opens on Fri, Dec 12, 2025 and closes on Tue, Dec 16, 2025
Exim Routes IPO Price Band is ₹83 to 88 per share.
Exim Routes IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹281600 based on the upper price band
The minimum investment for Exim Routes IPO is ₹281600, based on one lot of 1600 shares at the upper price band of ₹88 per share.
Investors can apply for the Exim Routes IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Dec 16, 2025. The application amount remains blocked until the Exim Routes IPO allotment is finalized.
Exim Routes IPO issue size is ₹43.73 crores.
Exim Routes IPO allotment date is Wed, Jul 1, 2026.
The registrar for Exim Routes IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Exim Routes IPO allotment status, refund processing, and other IPO-related information.
The Exim Routes IPO GMP (Grey Market Premium) is ₹32 as of Fri, Dec 19, 2025. Based on the upper price band of ₹88 per share, the estimated Exim Routes IPO listing price is ₹120, indicating a potential listing gain of approximately 0% over the issue price.