Markets / IPO / Exim Routes

Exim Routes IPO

Updated 17:58

SME IPO on NSE Emerge · Paper & Paper Products

Status
Listed
Price band
₹83–88
Lot size
1600 shares · ₹1,40,800
Subscribed
–

How it listed

Issue price
₹88
Listing price (open)
₹110.00 +25.00%
First-day close
₹115.50 +31.25%
Price now
₹71.70 -18.52%
Listing day19 Dec 2025
Open / high / low / close₹110.00 / ₹115.50 / ₹104.50 / ₹115.50
Shares traded on NSE26,17,600
Market value at the listing-day close₹217 cr

Closing prices since listing: 19 Oct ₹88.00, 21 Oct ₹88.00, 23 Oct ₹84.30, 26 Oct ₹82.05, 28 Oct ₹90.80, 2 Nov ₹84.30, 3 Nov ₹82.00, 4 Nov ₹80.20, 5 Nov ₹74.00, 6 Nov ₹71.70.

Exim Routes share price, live chart and technicals →

Key dates

Bidding opens12 Dec 2025
Bidding closes16 Dec 2025
Allotment17 Dec 2025
Refunds and shares in demat18 Dec 2025
Listing19 Dec 2025

Lot size by investor type

ApplicationLotsSharesAmount
Individual investor (minimum)23,200₹2,81,600
HNI (minimum)34,800₹4,22,400

At ₹88 a share. In SME IPOs individuals must bid for at least 2 lots.

Subscription

Investor categoryShares bid for
Institutions (QIB)1,79,77,600
HNI / NII1,61,80,800
  HNI, above ₹10 lakh1,32,96,000
  HNI, ₹2–10 lakh28,84,800
Total3,41,58,400

NSE does not publish the shares offered to each category for this issue, so times subscribed cannot be shown. NSE and BSE bids together, as of 16 Dec 2025 19:00.

Applications from individual investors

5,148 applications in the individual investors' category (bidding for the minimum 2 lots).

NSE does not publish the shares set aside for this category for SME issues, so the chance of allotment cannot be worked out exactly. Winners are picked by lottery.

Demand at each price

Top price ₹88504.82 lakh shares99.7%
Lower prices ₹83–871.50 lakh shares0.3%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date11 Dec 2025
Anchor shares14,11,200
Raised from anchors₹12.42 cr
Lock-in ends for the first 50% (30 days)15 Jan 2026
Lock-in ends for the remaining 50% (90 days)16 Mar 2026

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

At issue priceNow
Market value₹165 cr₹134 cr
P/E (last 12 months' profit)16.313.3
Revenue, last 12 months₹207 cr
Profit, last 12 months₹10 cr
Return on equity–
Debt to equity–

From results the company filed with NSE (latest period to 31 Mar 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Paper & Paper Products

CompanyListedSubscribedOn listingSince IPO
Utkal Speciality Industries India SME17 Jun–0.00%-27.73%
Aaradhya Disposal Industries SME11 Aug–-4.31%+0.69%
Nikita Papers SME3 Jun–-13.46%-35.72%

IPO details

Price band₹83–88
Final issue price₹88
Lot size1600 shares
Minimum investment₹2,81,600 (2 lots, the minimum for individuals)
MarketNSE Emerge (SME)
Issue type100 % Book Building
Face value₹5
IndustryPaper & Paper Products
Issue sizeInitial Public Offer comprising of Fresh Issue aggregating to 49,69,600 Equity Shares (including Market Maker portion of 2,49,600 Equity Shares and Anchor Allocation 14,11,200 Equity Shares)
ISININE19I001020
RegistrarMaashitla Securities Private Limited
Helpline: 45121795, contact@maashitla.com
Lead managersNarnolia Financial Services Limited
ProspectusRed herring prospectus (NSE)

Check allotment status

Allotment was finalised on 17 Dec 2025. Check it on the registrar's page (Maashitla Securities Private Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Exim Routes IPO price band and lot size?

The price band is ₹83–88 per share, and one lot is 1600 shares (₹1,40,800 at the upper price).

When is the Exim Routes IPO allotment date?

Allotment was finalised on 17 Dec 2025, the next working day after bidding closed on 16 Dec 2025.

How many times was the Exim Routes IPO subscribed?

Subscription figures are not available yet.

What is the Exim Routes IPO listing date?

It listed on 19 Dec 2025 on NSE Emerge (SME).

When does the Exim Routes anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 15 Jan 2026 and the 90-day lock-in on the rest ends on 16 Mar 2026; they can sell from the next trading day.

What was the Exim Routes listing gain?

It opened at ₹110.00 against an issue price of ₹88, a gain of 25.00%. It is now down 18.52% from the issue price.