
Exim Routes Limited operates as a global platform for exchanging recyclable paper materials, providing end-to-end services from sourcing to logistics for Indian Paper Mills. At its core is the AI-powered B2B platform, the Exim Routes Intelligence System (ERIS), which streamlines supply chain operations, offers global inventory matching, price discovery, and integrated market intelligence. The company utilizes a network of foreign subsidiaries in the USA, UK, Singapore, Germany, and South Africa to manage international procurement and logistics.
Dec 12, 2025
Dec 16, 2025
Dec 19, 2025
SME
Closed
43.73 Cr
43.73 Cr
0 Cr
₹83 - ₹88
1600
Our Company intends to utilize the Net Proceeds for the following objects:
To meet out the expenses for Development and Maintenance of the ERIS platform, amounting to ₹14.50 crores.
To meet out the expenses for Working Capital to fund business growth, amounting to ₹9.00 crores.
To meet out the expenses for Investment in Office space to accommodate new hires, amounting to ₹7.13 crores.
To fund General Corporate Purposes, with the amount not to exceed 15% of the total funds raised.
16.04
5.49
53.14%
35.53%
42.28%
—
6.27%
8.24%
7.77
Global Sourcing Network with foreign subsidiaries in Singapore, South Africa, UK, Germany, and USA, sourcing from over 15 countries.
Deep domain knowledge led by a founder who is a paper engineer from IIT Roorkee with 16 years of industry experience.
Experienced leadership team with diverse backgrounds from companies like EY, Amazon, McKinsey, and BCG.
Proprietary AI-powered B2B digital platform (ERIS) that streamlines supply chain operations and provides market intelligence.
Evolving financing and cash flow management with high trade payable and receivable days requiring optimization.
Concentrated market focus with over 90% of revenues from sales to India and over 95% from the paper recyclables segment.
Expansion into adjacent material segments such as plastics, metals, and battery recyclables.
Supplier and inventory expansion by adding more yards and inventory on the ERIS platform from existing regions.
Geographic expansion of sourcing operations into new regions like Africa, Canada, and South America.
Forming strategic alliances with partners for invoice financing, logistics, and other services.
Potential amendments in national or international paper recycling regulations that could impact operations.
Exposure to foreign exchange risk due to international trade and transactions in multiple currencies.
Vulnerability to global supply chain disruptions, including shipping delays and logistical challenges.
Geopolitical risks and trade restrictions impacting sourcing and export operations in different international markets.
Exim Routes Limited operates as a global platform for exchanging recyclable paper materials, providing end-to-end services from sourcing to logistics for Indian Paper Mills. At its core is the AI-powered B2B platform, the Exim Routes Intelligence System (ERIS), which streamlines supply chain operations, offers global inventory matching, price discovery, and integrated market intelligence. The company utilizes a network of foreign subsidiaries in the USA, UK, Singapore, Germany, and South Africa to manage international procurement and logistics.
The Exim Routes Ltd. IPO is scheduled to open for subscription on Dec 12, 2025 and close on Dec 16, 2025. Investors can apply for shares during this period through eligible platforms.
The price band for the Exim Routes Ltd. IPO is ₹83 to ₹88. Investors can place bids within this range once the issue opens.
The minimum lot size for the Exim Routes Ltd. IPO is 1600 shares. The minimum investment amount ₹1,40,800.
The total issue size of the Exim Routes Ltd. IPO is approximately ₹43.73. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Exim Routes Ltd. IPO has been subscribed 1.13 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Exim Routes Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Exim Routes Ltd. are expected to list on stock exchanges on Dec 19, 2025, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Exim Routes Ltd. IPO are proposed to be used for Our Company intends to utilize the Net Proceeds for the following objects:, To meet out the expenses for Development and Maintenance of the ERIS platform, amounting to ₹14.50 crores., To meet out the expenses for Working Capital to fund business growth, amounting to ₹9.00 crores., To meet out the expenses for Investment in Office space to accommodate new hires, amounting to ₹7.13 crores., To fund General Corporate Purposes, with the amount not to exceed 15% of the total funds raised.
Before applying for the Exim Routes Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.