Exim Routes IPO GMP & Review: Apply or Avoid?

Exim Routes IPO is open for bidding from 12th December 2025 to 16th December 2025. It is a bookbuilding IPO of ₹71.00 crore, an entirely fresh issue of 0.50 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 19th December 2025. 

Exim Routes IPO Details 

The Exim Routes IPO date is fixed between 12th December 2025 and 16th December 2025. The face value of Exim Routes shares stands at ₹5 per share, and the IPO Issue price band is set at ₹83 to ₹88 per share

Maashitla Securities Private Limited is the registrar of the Exim Routes IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Exim Routes IPO Share Reservation

Riddhi Display Equipment’s IPO is a bookbuilding IPO issue of 0.50 crore worth ₹43.73 crores. Exim Routes IPO Limited shares will be listed on the NSE and the SME Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Exim Routes IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Exim Routes IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 12th December 2025, Exim Routes IPO GMP stands at ₹7 per share, which means the share will likely show a listing at ₹149 on its tentative listing date, 19th December 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Exim Routes IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

Exim Routes IPO GMP Review

Check out the detailed Exim Routes GMP IPO review for a thorough understanding of its potential to report listing gains on 19th December 2025. The Exim Routes IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Exim Routes IPO.

Exim Routes Limited’s revenue increased by 67% from ₹72.39 crores in March 2024  to ₹120.99 crores in March 2025. Moreover, the company’s PAT increased by 80% from ₹4.20 crores in March 2024 to ₹7.56 crores in March 2025.

Exim Routes’ IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, the brokers, investors, and RAs have a positive outlook for the Exim Routes IPO for its tentative listing day, which is 19th December 2025. 

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Exim Routes IPO.

The PE ratio of Exim Routes Limited shares is 16.04, and its Earnings Per Share (EPS) stands at 5.49. Thus, the Exim Routes IPO can deliver gains on its tentative listing date, 19th December 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Exim Routes Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

Exim Routes IPO Subscription Status

The Exim Routes IPO is to be opened for bidding on 12th December 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Exim Routes IPO Subscription Status. 

About Exim Routes Limited

Exim Routes was established in April 2019. Exim Routes Limited is a global platform that facilitates the exchange of recyclable paper materials, offering end-to-end services to Indian Paper Mills, from sourcing waste paper to quality assurance and logistics. The Company operates through a group structure, with an Indian parent, Exim Routes Limited, and foreign subsidiaries. Exim Routes is a global recyclable exchange company focused on facilitating cross-border trade in recyclable materials, particularly paper and metal scrap. Exim Routes uses its proprietary AI-powered B2B platform (referred to as “ERIS”) to connect buyers and sellers of recyclable paper, streamlining procurement, supply-chain and delivery.

Exim Routes Limited Financials

The company’s financial analysis is essential before applying for the Exim Routes IPO. Look at the table to learn about Exim Routes Limited’s financials. 

Explanation

Exim Routes Limited’s revenue increased by 67% from ₹72.39 crores in March 2024  to ₹120.99 crores in March 2025. Moreover, the company’s PAT increased by 80% from ₹4.20 crores in March 2024 to ₹7.56 crores in March 2025.

Exim Routes Limited IPO Promoter Holdings

Have a look at the table below to check the holdings of Exim Routes Limited.

Mr Hitesh Kumar Singla, Mr Nikhil Singla, Mr Nitin Dixit, and Mr Anil Kumar Sharma.

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of Exim Routes IPO

The primary aim of the Exim Routes IPO is to raise ₹43.73 crores. On the other hand, Exim Routes has decided to utilise these funds in different ways.

• To meet the expenses for development and Maintenance of the ERIS platform
• To meet the costs for Working Capital to fund business growth
• To meet the expenses for Investment in Office space to accommodate new hires
• General Corporate Purposes

Should I Invest in the Exim Routes IPO?

Explore the pros and cons of Exim Routes to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades. 

Pros of Exim Routes IPO

• The company has a globally oriented sourcing network for recyclable paper materials, enabling access to international supply.
• The company has an AI-enabled B2B platform (ERIS) that facilitates efficient buyer-seller matching and transaction coordination.
• The company has an end-to-end service model including procurement, logistics, and delivery — reducing complexity for Indian paper mills.
• The company experienced promoters and management with expertise in trade, supply chain, and business operations.

Cons of Exim Routes IPO

• The company has a dependence on the recyclable paper segment 
• The company has cyclical & Volatile market exposure 
• The company has high working capital intensity & Receivables risk
• The company has a negative operating cash flow historically

How to Apply for Exim Routes IPO?

Check the steps mentioned below to apply for Exim Routes Ltd.

• Step 1: Conduct thorough research on the Exim Routes IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for 2 lots of 3,200 shares worth ₹2,81,600
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Exim Routes IPO across multiple demat accounts to increase your chances of allotment. 

How to Check Exim Routes IPO Allotment Status?

You can check for the Exim Routes IPO allotment in different ways. These include NSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On NSE

• Visit the NSE Official Site
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Exim Routes IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Exim Routes IPO allotment status.

Let’s Wrap

Exim Routes IPO is a bookbuilding issue of shares worth ₹43.73 crores. The shares of Exim Routes Limited will be listed on NSE and SME on its tentative listing date of 19th December 2025. Researching the Exim Routes IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Exim Routes IPO

How is the Exim Routes IPO?

Ans. Currently, on 12th December 2025, the Exim Routes GMP (Grey Market Premium) stands at ₹7. It indicates that the estimated listing price could be ₹149.00 per share. It is a bookbuilding IPO of ₹43.73 shares. The face value of each Exim Routes share is ₹5 per share. 

What is the Exim Routes IPO price?

Ans. The Exim Routes IPO issue price band is set at ₹83.00 to ₹88.00 per share. 

Is the Exim Routes IPO a good investment?

Ans. Exim Routes Limited’s revenue increased by 67% from ₹72.39 crores in March 2024  to ₹120.99 crores in March 2025. Moreover, the company’s PAT increased by 80% from ₹4.20 crores in March 2024 to ₹7.56 crores in March 2025.

Who is the registrar of the Exim Routes IPO?

Ans. Maashitla Securities Private Limited is the registrar for the Exim Routes IPO, awaiting to manage the allotment process and initiate refunds. For any queries regarding the Exim Routes allotment and refund, you can contact Maashitla Securities Private Limited at contact@maashitla.com or +91-11-45121795-96.

What is the issue size of the Exim Routes IPO? 

Ans. Exim Routes IPO is a bookbuilding IPO for ₹73.73 shares. Moreover, the IPO is set to open on 12th December 2025 and will be closed on 16th December 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Exim Routes IPO, download the Exim Routes IPO RHP and Exim Routes IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

Upcoming IPOs

Current & Previous IPOs

Read Our Articles on the Best Stocks

Tech Stocks in India to Invest in 2025 | Tech Sector Stocks 

Best Battery Stocks in India to Invest in 2025 | Battery Sector Stocks 

Best Shipping Stocks in India to Invest in 2025 | Shipping Sector Stocks 

Paint Stocks in India to Invest in 2025 | Paint Sector Stocks 

Paper Stocks in India to Invest in 2025 | Paper Sector Stocks 

Best Semiconductor Stocks in India 2025 

Best Large Cap Stocks in India 2025 

Green Energy Penny Stocks

Best Cement Stocks To Invest In India

Also Explore

Univest Screeners

Explore Webstories on Univest 

Best Time To Buy Dividend Stocks

How RBI Policies Affect Dividend Stocks

Can Dividend Stocks Beat Inflation

What Is The Dividend Aristocrat List

Which Indian Psus Offer The Best Dividends

Large Cap Vs Small Cap Dividend Stocks