
Logistics / Supply Chain · NSE
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.
Price Band
₹83 – ₹88
Issue Size
₹43.73 Cr
Lot Size
1600 shares
GMP
+25.0%
Est. Listing
₹110
at current GMP
Subscribed
15.30x
overall
Open
12 Dec 2025
Close
16 Dec 2025
Allotment
17 Dec 2025
Refund
18 Dec 2025
Demat Credit
19 Dec 2025
Listing
19 Dec 2025
Overall Subscription
15.30x
Total Demand
QIB Multiplier
19.11x
Institutions & Funds
NII / HNI
22.78x
High Net-Worth
Retail (RII)
9.94x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 940,800 | 17,977,600 | 19.11x |
| NIB | 710,400 | 16,180,800 | 22.78x |
| HNIs(10L +) | 470,400 | 13,296,000 | 28.27x |
| HNIs (2-10L) | 240,000 | 2,884,800 | 12.02x |
| RETAIL | 1,657,600 | 16,473,600 | 9.94x |
| Total | 4,019,200 | 66,812,800 | 15.30x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 13 | 0.00x |
| NIB | — | 1,541 | 0.00x |
| RETAIL | 518 | 5,148 | 9.94x |
| HNIs(10L +) | 98 | 955 | 9.74x |
| HNIs (2-10L) | 50 | 586 | 11.72x |
| Total Applications | 666 | 8,243 | 12.38x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Exim Routes Limited is bringing an initial public offering (IPO) in the Logistics / Supply Chain sector with an aggregate issue size of ₹43.73 Crores. The shares are offered at a price band of ₹83 to ₹88 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-12-16, the basis of allotment is scheduled to be finalized on 2025-12-17. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.
The latest Grey Market Premium (GMP) for Exim Routes Limited IPO is ₹22 per equity share. Based on the upper price band of ₹83 to ₹88 per equity share, the estimated listing price is ₹110 (+25.0% expected listing gain).
With a lot size of 1600 shares and current GMP of ₹22, the expected profit per application lot is approx ₹35,200 (+25.0% gain). Minimum application cost is approx ₹1,40,800.
The Exim Routes Limited IPO aggregate issue size is ₹43.73 Crores with an equity price band set at ₹83 to ₹88 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,40,800.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 15.30x (Retail: 9.94x, QIB: 19.11x, NII: 22.78x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Maashitla Securities Private Limited) and the BSE status verification website on or around 2025-12-17. Investors can verify status using PAN card or application number.
Exim Routes Limited shares are scheduled to list on NSE on 2025-12-19.