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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

IPO Doc

RHP PDF

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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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

Retails
9.78x
QIB
7.64x
NII
22.76x

Financials of Exim Routes

In Cr.

Revenue: ₹44.17

EBITDA: ₹1.39

Profit: ₹1.17

Total Income
EBITDA
Total Profit
Negative Value
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

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.

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