
Exim Routes
Open Date
12 Dec 2025
Close Date
16 Dec 2025
Min Investment
₹281600
Lot Size
3200 Shares
Issue Size
₹43.73 Cr
Price Range
₹83 - ₹88
Listing Date
Dec 19, 2025
IPO Doc
RHP PDFAbout 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%
Capital expenditure
The company will utilise ₹14.50 crore to develop and maintain the ERIS platform
Working capital
The company will utilise ₹9 crore towards expenses for working capital to fund business growth
Investment in office space
The company will utilise ₹7.13 crore for investment in office space to accommodate new hires.
General corporate purpose
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
IPO Subscription Status
Financials of Exim Routes
In Cr.
Revenue: ₹44.17
EBITDA: ₹1.39
Profit: ₹1.17
| Key Performance Indicator | 30-Jun-25 (In Cr.) | 31-Mar-25 (In Cr.) | 31-Mar-24 (In Cr.) | 31-Mar-23 (In Cr.) |
|---|---|---|---|---|
| Revenue | 44.17 | 120.99 | 72.39 | 36.46 |
| EBITDA | 1.39 | 9.95 | 4.58 | 0.64 |
| Expenses | ||||
| Profit After Tax | 1.17 | 7.56 | 4.20 | 0.37 |
| Assets | 50.97 | 47.62 | 20.53 | 6.63 |
| Net Worth | 16.38 | 15.60 | 1.18 | 0.56 |
| Reserves | 15.71 | 14.41 | 3.58 | 0.53 |
| Borrowing | 5.10 | 2.75 | 1.46 | 2.86 |
Exim Routes - Promoter(s)
Mr. Manish Goyal
Mr. Govind Rai Garg
71.35%
52.44%
Contact Details
Exim Routes
Unit No 421, 4th Floor, Suncity Success Tower, Golf Course Extension Road, Sector 65, Gurgaon, Haryana, 122101
Registrar Contact Details
Maashitla Securities Pvt.Ltd.
Exim Routes IPO - FAQs
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