31 Mar 2023
Assets6.63
Total Income36.46
EBITDA0.64
Profit After Tax0.37
NET Worth0.56
Reserves and Surplus0.53
Total Borrowing2.86
At a glance
Updated 2026-08-24The shares listed at ₹110.00, a 25.00% move from the issue price. Exim Routes is a SME IPO with an issue size of ₹43.73 crore, proposed for listing on NSE SME. The offer opens on 12th Dec 2025 and closes on 16th Dec 2025. The issue structure includes a fresh issue of ₹41.54 crore. The current listing schedule points to 19th Dec 2025.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹43.73 Cr
Fresh issue₹41.54 Cr
Face value₹5
Price band₹83.00–₹88.00
Allotment17th Dec 2025
Listing19th Dec 2025
Listing performance
Full performance ↗Issue price₹88.00
Listing price₹110.00
Current price—
Listing gain25.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹32.00
GMP / upper price36.36%
Est. listing₹120.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens12th Dec 2025
Closes16th Dec 2025
Allotment17th Dec 2025
Refund18th Dec 2025
Demat18th Dec 2025
Listing19th Dec 2025
Subscription demand
Full bidding ↗Total15.23×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 3200 | ₹281,600 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| To meet out the expenses for Development and Maintenance of the ERIS platform | ₹14.50 Cr |
| To meet out the expenses for Working Capital to fund business growth | ₹9.00 Cr |
| To meet out the expenses for Investment in Office space to accommodate new hires | ₹7.13 Cr |
| General Corporate Purposes | ₹6.54 Cr |
| Issue Expenses | ₹6.56 Cr |
| Total | ₹43.73 Cr |
Financials
Full financials ↗31 Mar 2024
Assets20.53
Total Income72.39
EBITDA4.58
Profit After Tax4.20
NET Worth1.18
Reserves and Surplus3.58
Total Borrowing1.46
31 Mar 2025
Assets47.62
Total Income120.99
EBITDA9.95
Profit After Tax7.56
NET Worth15.60
Reserves and Surplus14.41
Total Borrowing2.75
30 Jun 2025
Assets50.97
Total Income44.17
EBITDA1.39
Profit After Tax1.17
NET Worth16.38
Reserves and Surplus15.71
Total Borrowing5.10
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 53.14% |
| ROCE | 35.53% |
| Debt / Equity | 0.20% |
| RoNW | 42.28% |
| PAT Margin | 6.27% |
| EBITDA Margin | 8.24% |
| Price to Book Value | 7.77 |
Valuation & shareholding
Pre-IPO EPS5.49
Post-IPO EPS2.50
Pre-IPO P/E16.04
Post-IPO P/E35.18
Promoter holding pre71.35%
Promoter holding post52.44%
Market cap₹165.02 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| To meet out the expenses for Development and Maintenance of the ERIS platform | ₹14.50 Cr |
| To meet out the expenses for Working Capital to fund business growth | ₹9.00 Cr |
| To meet out the expenses for Investment in Office space to accommodate new hires | ₹7.13 Cr |
| General Corporate Purposes | ₹6.54 Cr |
| Issue Expenses | ₹6.56 Cr |
| Total | ₹43.73 Cr |
Registrar & lead managers
Registrar
Maashitla Securities Pvt.Ltd.Lead managers
- Narnolia Financial Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.