Incorporated 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. Its business model involves sourcing wastepaper globally 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, as well as subsidiaries in the USA, UK, Germany, and South Africa.They offer comprehensive services, including sourcing, quality assurance, logistics, and trade execution.Exim Routes combines a global network with a tech-driven approach to simplify the recyclables trade ecosystem.As of November 30, 2025, our Company has 18 employees.Competitive strengthsA globally oriented sourcing network for recyclable paper materials, enabling access to international supply.An AI-enabled B2B platform (ERIS) facilitates efficient buyer-seller matching and transaction coordination.An end-to-end service model including procurement, logistics, and delivery — reducing complexity for Indian paper mills.Experienced promoters and management with expertise in trade, supply chain, and business operations. A business model tailored to meet demand from Indian paper mills seeking a consistent supply of recyclables.
| Category | Shares Offered* | Total Amt* (₹ Cr.) |
|---|---|---|
|
Anchor
|
249,600 | ₹2.200 |
|
QIB (Ex Anchor)
|
2,352,000 | ₹20.700 |
|
NII
|
710,400 | ₹6.250 |
|
Retail
|
1,657,600 | ₹14.590 |
| Total ** | 4,969,600 | ₹43.730 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min — 2 Lots) | 2 | 3,200 | ₹281,600 |
| Retail (Max — 13 Lots) | 13 | 20,800 | ₹1,830,400 |
| S-HNI (Min — 14 Lots) | 14 | 22,400 | ₹1,971,200 |
| S-HNI (Max — 66 Lots) | 66 | 105,600 | ₹9,292,800 |
| B-HNI (Min — 67 Lots) | 67 | 107,200 | ₹9,433,600 |
| Category | QIB | NII | Retail | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | |||
| Allocation (No. of shares) | — | — | — | — | — | 710,400 | 1,657,600 | 2,368,000 |
| Allotment price (Rs.) | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 |
| No. of applications | — | — | — | — | — | — | — | — |
| No. of shares applied | — | — | — | — | — | — | — | — |
| Amount collected (Rs.cr.) | 20.70 | 2.20 | 22.90 | — | — | 6.25 | 14.59 | 43.74 |
| No. of times subscribed | — | — | — | — | — | — | — | — |
| No. of shares allotted | — | — | — | — | — | 710,400 | 1,657,600 | 2,368,000 |
| Amount (Rs.cr.) | 20.70 | 2.20 | 22.90 | — | — | 6.25 | 14.59 | 20.84 |
| No. of allottees | — | — | — | — | — | — | — | — |
| Category | Shares Offered | Amt (₹ Cr) | Size (%) |
|---|---|---|---|
| Anchor / Market Maker | 249,600 | ₹2.20 |
5.02%
|
| QIB (Ex Anchor) | 2,352,000 | ₹20.70 |
47.33%
|
| NII / HNI | 710,400 | ₹6.25 |
14.29%
|
| Retail (RII) | 1,657,600 | ₹14.59 |
33.35%
|
| Total | 4,969,600 | ₹43.73 |
100.00%
|
| Particulars | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 44.17 | 120.99 | 72.39 |
| EBITDA | 1.39 | 9.95 | 4.58 |
| Profit After Tax (PAT) | 1.17 | 7.56 | 4.20 |
| Net Worth | 16.38 | 15.60 | 1.18 |
| Total Assets | 50.97 | 47.62 | 20.53 |
| Reserves & Surplus | 15.71 | 14.41 | 3.58 |
| Total Borrowings | 5.10 | 2.75 | 1.46 |
| EBITDA Margin (%) | 8.24% | — | — |
| PAT Margin (%) | 6.27% | — | — |
Exim Routes Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI: