Exim Routes IPO

About the company

Exim Routes is a worldwide platform that facilitates the trade of recyclable paper materials and offers end-to-end sourcing solutions to Indian Paper Mills. The company, through its foreign subsidiaries, purchases waste paper from international markets and sells it to India. This is supported by its AI-powered Exim Routes Intelligence System (ERIS), which is a centralised B2B digital platform for managing recyclable paper trade operations. Exim deals with three main recyclable paper categories: white grades (sorted office paper, hard white shavings, cupstock, tissue paper), brown grades (old corrugated containers, mix paper, cores, box board cutting), and mechanical grades (newspapers, magazines). The revenue is generated through four segments - paper recyclables, which is the main revenue driver, contributing 96.77% in FY25, followed by logistics & container handling at 1.27%, management & consultancy services at 1.07% and ERIS subscription fees at 0.62%. The company has a vast global presence with activities in more than 15 countries, 100+ yards and mills, and supply relationships with 50+ Indian paper mills. It covers the Americas, Europe, the UK, South Africa, and South East Asia. In India, the company’s largest markets are Gujarat and Tamil Nadu, which account for 39.1% and 39.6% of FY25 revenues ​‍​‌‍​‍‌​‍​‌‍​‍‌respectively. Export formed 13.57% of total revenue, within which Singapore contributed 6.81%, Dubai 5.98% and Nepal 0.78%.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   12 Dec 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   16 Dec 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   17 Dec 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   18 Dec 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   18 Dec 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   19 Dec 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.