How to Check Exim Routes IPO Allotment Status?

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 was incorporated in April 2019.

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, the Company has 18 employees. As of June 30, 2025, Exim Routes had total assets of ₹50.97 crore.

The Exim Routes IPO came with a total issue size of ₹43.73 crore, comprising entirely a fresh issue of ₹43.73 crore. The IPO opened on December 12, 2025, and closed on December 16, 2025. The allotment is expected on Wednesday, December 17, 2025. The share price band was set at ₹83 to ₹88 per share.

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Steps to Check Exim Routes IPO Allotment Status on Registrar Site

• Visit the Maashitla Securities Pvt. Ltd. 
• Select "Exim Routes" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Exim Routes IPO Allotment Status on BSE

• Navigate to the NSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Exim Routes" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Exim Routes IPO Subscription Status

Exim Routes IPO received strong investor interest, being subscribed 15.23 times overall. Here is the category-wise breakdown as of 5:10:00 PM on December 16, 2025:

• QIB Category (Ex Anchor): 19.11 times
• Non-Institutional Investors (NII): 22.43 times
• Retail Investors: 9.94 times

Exim Routes IPO Share Price and Investment Details

The minimum investment required was ₹2,81,600 for 2 lots (3,200 shares). The issue raised ₹12.42 crore from anchor investors. Given the overall subscription of 15.23 times, with strong institutional participation at 19.11 times, strong NII participation at 22.43 times, and solid retail subscription at 9.94 times, the IPO is expected to list with a premium.

Utilisation of IPO Proceeds

The proceeds will be utilised to meet expenses for development and maintenance of the ERIS platform amounting to ₹11.87 crore, working capital requirements to fund business growth amounting to ₹9.00 crore, investment in office space to accommodate new hires amounting to ₹7.13 crore, and for general corporate purposes.

Business Overview

Exim Routes Limited operates a global B2B platform focused on facilitating the exchange of recyclable paper product materials through its specialised ERIS platform.

The company reported strong financial performance with a 67% increase in revenue and an 80% rise in profit after tax between FY24 and FY25. It reported an ROE of 53.14% and maintained a debt-to-equity ratio of 0.20.

The company benefits from a globally oriented sourcing network for recyclable paper materials enabling access to international supply, an AI-enabled B2B platform (ERIS) facilitating efficient buyer-seller matching and transaction coordination, an end-to-end service model covering procurement, logistics, and delivery that reduces complexity for Indian paper mills, and an experienced promoter-led management team with expertise in trade, supply chain, and operations. However, investors should note the post-issue P/E ratio of 35.18 and Price to Book Value of 7.77.