Ecoline Exim IPO Sees Strong Demand, Subscribed 6.06x by Day 3

Ecoline Exim Limited's initial public offering (IPO) has demonstrated strong investor interest through its final day of subscription, with Ecoline Exim's stock price set at ₹134-141 per share, reflecting positive market reception. The ₹76.42 crore IPO reached 6.06 times by 5:25:01 PM on day three.

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Ecoline Exim IPO qualified institutional buyers segment leads with a strong 9.51 times subscription, whilst non-institutional investors show moderate 5.41 times and individual investors demonstrate moderate participation at 4.37 times, whilst anchor investors show complete participation at 1.00 times and market makers show complete participation at 1.00 times.

IPO Subscription Status

Subscription Details (as of Day 3)

Key Highlights - Day 3

• Overall subscription reached strong 6.06 times, showing remarkable surge from day two's 1.11 times with impressive final-day momentum.
• Qualified institutional buyers displaying strong enthusiasm at 9.51 times, showing growing institutional confidence.
• Non-institutional investors at 5.41 times, with bNII segment leading at 5.62 times.
• Individual investors at 4.37 times, showing improved retail sentiment.
• Total applications reached 4,706 with individual investors contributing 3,937 applications.
• Cumulative bid amount reached ₹308.06 crores, representing 403% of the issue size of ₹76.42 crores.

Key Highlights - Day 2:

• Overall subscription reached limited 1.11 times, showing improvement from day one's 0.69 times
• Qualified institutional buyers showing moderate performance at 2.20 times, building from day one's 1.45 times
• Individual investors displaying limited confidence at 0.72 times, building from day one's 0.31 times
• Non-institutional investors showing limited performance at 0.56 times, remaining steady from day one's 0.55 times

Key Highlights - Day 1:

• Overall subscription reached limited 0.69 times, showing weak initial investor interest in this SME sustainable packaging IPO.
• Qualified institutional buyers showing limited performance at 1.45 times, indicating early institutional interest.
• Non-institutional investors displaying limited confidence at 0.55 times, showing cautious HNI sentiment.
• Individual investors showing limited confidence at 0.31 times, indicating weak initial retail interest.

About Ecoline Exim Ltd.

Incorporated in 2008, Ecoline Exim Limited manufactures sustainable packaging and promotional bags made from cotton and jute, exporting to over 27 countries including the European Union, USA, Japan, and Southeast Asia. The company operates three manufacturing units with a focus on eco-friendly solutions and serves as OEM for supermarkets, retail chains, and promotional companies.