Exim Routes IPO Details: Complete Review of Price, Dates, Allotment & Financials
10 December 2025 ·
A Complete Guide to Exim Routes IPO: Dates, Price Band, Lot Size, Financials & More.
Introduction
Exim Routes Limited is set to launch its initial public offering (IPO) on 12 December 2025, aiming to raise ₹43.73 crore through a fresh issue of 49.69 lakh shares. The company will list on the NSE SME platform, making it one of the notable small-cap offerings of the month.
This comprehensive guide covers Exim Routes IPO details, including the price band, lot size, subscription structure, financials, company overview, and everything retail and HNI investors need to know before applying.
What Is the Exim Routes IPO?
The Exim Routes IPO is a book-built issue entirely comprising a fresh issue of 50 lakh shares, aggregating to ₹43.73 crore. The proceeds will primarily support:
Working capital requirements
Business expansion
Strengthening logistics capabilities
General corporate purposes
The IPO will open on December 12, 2025, and close on December 16, 2025. The tentative listing date is December 19, 2025.
Key Exim Routes IPO Details
| Feature | Details |
|---|---|
| IPO Type | Book-building |
| Issue Size | ₹43.73 crore |
| Fresh Issue | 49,69,600 shares |
| Price Band | ₹83 – ₹88 per share |
| Lot Size | 1,600 shares |
| Minimum Retail Investment | ₹2,81,600 (3,200 shares) |
| Listing | NSE SME |
| Issue Opens | December 12, 2025 |
| Issue Closes | December 16, 2025 |
| Tentative Listing | December 19, 2025 |
| Lead Manager | Narnolia Financial Services Ltd. |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. |
Key Exim Routes IPO Timeline
| Event | Date |
|---|---|
| IPO Opening Date | Fri, Dec 12, 2025 |
| IPO Closing Date | Tue, Dec 16, 2025 |
| Allotment Finalisation | Wed, Dec 17, 2025 |
| Initiation of Refunds | Thu, Dec 18, 2025 |
| Credit to Demat | Thu, Dec 18, 2025 |
| Listing Date | Fri, Dec 19, 2025 |
| UPI Mandate Deadline | 5 PM, Dec 16, 2025 |
Key Exim Routes IPO Reservation Structure
| Investor Category | Shares Offered | % Allocation |
|---|---|---|
| Market Maker | 2,49,600 | 5.02% |
| QIB | 23,52,000 | 47.33% |
| NII (HNI) | 7,10,400 | 14.29% |
| Retail | 16,57,600 | 33.35% |
| Anchor Investors | 14,11,200 | 28.40% |
Key Exim Routes IPO Lot Size & Investment
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min/Max) | 2 | 3,200 | ₹2,81,600 |
| S-HNI Minimum | 3 | 4,800 | ₹4,22,400 |
| S-HNI Maximum | 7 | 11,200 | ₹9,85,600 |
| B-HNI Minimum | 8 | 12,800 | ₹11,26,400 |
Company Overview: What Does Exim Routes Do?
Exim Routes Ltd. operates in the cargo handling, warehousing, and logistics services segment, serving both export and import clients (EXIM). The company has grown rapidly by leveraging strategic port partnerships and integrated logistics offerings.
Key Offerings Include:
Cargo consolidation
Freight forwarding
Warehousing & distribution
Third-party logistics (3PL)
Transportation and last-mile delivery
Trade documentation and compliance
The strong demand for integrated logistics, especially with rising global supply chain activity, has contributed to the company’s fast growth.
Exim Routes Financial Performance
One of the most important Exim Routes IPO details for investors is its financial performance.
Highlights (FY24 to FY25):
Revenue up 67%
PAT up 80%
EBITDA more than doubled
Net worth increased significantly
Borrowings remain manageable
Exim Routes Financials (₹ Crore)
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 50.97 | 47.62 | 20.53 | 6.63 |
| Total Income | 44.17 | 120.99 | 72.39 | 36.46 |
| Profit After Tax | 1.17 | 7.56 | 4.20 | 0.37 |
| EBITDA | 1.39 | 9.95 | 4.58 | 0.64 |
| Net Worth | 16.38 | 15.60 | 1.18 | 0.56 |
| Reserves & Surplus | 15.71 | 14.41 | 3.58 | 0.53 |
| Total Borrowing | 5.10 | 2.75 | 1.46 | 2.86 |
Why Is Exim Routes Launching an IPO?
The IPO proceeds will be used for:
Working capital needs arising from business expansion
Strengthening infrastructure—warehousing, fleet expansion, logistics tech
General corporate purposes
Enhancing visibility and credibility through SME listing
The company aims to leverage India’s rapidly expanding EXIM trade and logistics ecosystem, supported by digitisation and global trade recovery.
Competitive Strengths
Exim Routes highlights several competitive advantages:
1. Strong Revenue Growth
The company has consistently delivered high double-digit revenue growth.
2. Integrated Logistics Services
End-to-end solutions make Exim Routes attractive to exporters and importers.
3. Asset-Light Model
Less capital-intensive operations improve scalability.
4. Increasing Profit Margins
EBITDA and PAT growth reflect improving operational efficiency.
5. Experienced Management
Leadership with expertise in logistics, shipping, and global trade.
Risks to Consider
Like any SME IPO, investors should review:
1. High Minimum Investment
Retail investors must allocate at least ₹2.8 lakh.
2. SME Market Volatility
SME stocks can be more volatile than mainboard stocks.
3. Industry Competition
Logistics is a competitive industry with large established players.
4. Working Capital Dependency
Rapid scaling requires strong cash flow manageme
Should You Apply for Exim Routes IPO?
The decision depends on individual risk tolerance and investment goals. However, based on available information:
Positives:
Strong financial growth
Scalable business model
High demand for logistics services
Healthy profit expansion
Reasonable valuation for SME space
Considerations:
High entry cost for retail investors
SME listings carry liquidity risks
For investors comfortable with SME IPOs and seeking growth-oriented plays, Exim Routes presents a compelling case.
Conclusion
The Exim Routes IPO offers investors a chance to participate in the growth of a rapidly expanding logistics company. With strong financial performance, a scalable business model, and rising EXIM trade volumes in India, the company is well-positioned for future growth.
This guide covers every essential aspect of Exim Routes IPO details, including the price band, dates, lot size, financials, reservation, and company fundamentals—helping investors make an informed decision.