Incorporated in 2008, Ecoline Exim Limited manufactures sustainable cotton, jute packaging, and promotional bags for global export.The company has exported its products to more than 25 countries including the European Union, the USA, Japan, and Southeast Asia and Mexico, etc.The company is an OEM providing packaging solutions for Supermarkets, retail chains, wholesalers, and promotional companies.By September 30, 2024, the company sold products to 48 customers for functional needs and 24 for promotional needs.As of December 31, 2024, the company has an outstanding order book for supply for cotton and jute bags worth Rs 9744.37 lakhs from around 60 customers.As of January 2025, the company operates three manufacturing units, one in Ahmedabad, Gujarat, and the rest in West Bengal.As of September 30, 2024, the Company has 267 employees across various locations.Competitive StrengthSustainable and Eco-friendly business model focusing on three R’s of the environment – Reduce, Reuse and Recycle.Stringent quality control mechanism ensuring standardized product quality.Strategically located in-house manufacturing capabilities with design expertise.Long standing association with customers.Widespread reach in International Market.
| Category | Shares Offered* | Total Amt* (₹ Cr.) |
|---|---|---|
|
Anchor
|
272,000 | ₹3.840 |
|
QIB (Ex Anchor)
|
2,573,000 | ₹36.280 |
|
NII
|
773,000 | ₹10.900 |
|
Retail
|
1,802,000 | ₹25.410 |
| Total ** | 5,420,000 | ₹76.420 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min — 2 Lots) | 2 | 2,000 | ₹282,000 |
| Retail (Max — 13 Lots) | 13 | 13,000 | ₹1,833,000 |
| S-HNI (Min — 14 Lots) | 14 | 14,000 | ₹1,974,000 |
| S-HNI (Max — 66 Lots) | 66 | 66,000 | ₹9,306,000 |
| B-HNI (Min — 67 Lots) | 67 | 67,000 | ₹9,447,000 |
| Category | QIB | NII | Retail | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | |||
| Allocation (No. of shares) | — | — | — | — | — | 773,000 | 1,802,000 | 2,575,000 |
| Allotment price (Rs.) | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 141 |
| No. of applications | — | — | — | — | — | — | — | — |
| No. of shares applied | — | — | — | — | — | — | — | — |
| Amount collected (Rs.cr.) | 36.28 | 3.84 | 40.12 | — | — | 10.90 | 25.41 | 76.43 |
| No. of times subscribed | — | — | — | — | — | — | — | — |
| No. of shares allotted | — | — | — | — | — | 773,000 | 1,802,000 | 2,575,000 |
| Amount (Rs.cr.) | 36.28 | 3.84 | 40.12 | — | — | 10.90 | 25.41 | 36.31 |
| No. of allottees | — | — | — | — | — | — | — | — |
| Category | Shares Offered | Amt (₹ Cr) | Size (%) |
|---|---|---|---|
| Anchor / Market Maker | 272,000 | ₹3.84 |
5.02%
|
| QIB (Ex Anchor) | 2,573,000 | ₹36.28 |
47.47%
|
| NII / HNI | 773,000 | ₹10.90 |
14.26%
|
| Retail (RII) | 1,802,000 | ₹25.41 |
33.25%
|
| Total | 5,420,000 | ₹76.42 |
100.00%
|
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 273.07 | 280.59 | 310.67 |
| EBITDA | 29.99 | 33.94 | 30.57 |
| Profit After Tax (PAT) | 18.82 | 22.59 | 18.86 |
| Net Worth | 88.45 | 71.70 | 49.11 |
| Total Assets | 146.31 | 128.72 | 104.46 |
| Reserves & Surplus | 72.27 | 70.54 | 47.96 |
| Total Borrowings | 39.89 | 44.81 | 42.47 |
| EBITDA Margin (%) | 11.14% | — | — |
| PAT Margin (%) | 6.99% | — | — |
Ecoline Exim 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: