Exim Routes IPO Shows Exceptional Response, Subscribed 15.23x on Day 3

Exim Routes Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third day of subscription. The stock price band is set at ₹83-88 per share. The ₹43.73 crore IPO reached 15.23 times by 5:10:00 PM on day three. This indicates exceptional investor interest in this global recyclable exchange company focused on facilitating cross-border trade in recyclable materials, particularly paper and metal scrap, incorporated in 2019.

Exim Routes IPO subscription reached exceptional 15.23 times on day three. It was led by Non-Institutional Investors (22.43x), Qualified Institutional Buyers Ex-Anchor (19.11x), and Individual Investors (9.94x). Total applications reached 6,701.
 

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Subscription Status of Exim Routes IPO:

Here are the subscription details for Exim Routes IPO as of Day 3 (December 16, 2025, 5:10:00 PM):

Key Highlights - Day 3:

• Overall subscription reached exceptional 15.23 times, showing extraordinary improvement from day two's 1.13 times
• Non-institutional investors displaying exceptional interest at 22.43 times, building dramatically from day two's 2.64 times, indicating very strong HNI appetite for this global recyclable exchange platform
• Individual investors displaying strong confidence at 9.94 times, building substantially from day two's 1.13 times, indicating strong retail demand for this SME IPO
• Total applications reached 6,701, showing moderate investor participation for this SME IPO
• Cumulative bid amount reached ₹443.34 crores, significantly exceeding the net offer size of ₹41.54 crores (excluding anchor and market maker portions) by over 10 times

Key Highlights - Day 2:

• Overall subscription reached moderate 1.13 times, showing substantial improvement from day one's 0.51 times
• Non-institutional investors displaying moderate performance at 2.64 times, building substantially from day one's 1.21 times
• Individual investors showing moderate confidence at 1.13 times, building substantially from day one's 0.50 times
• Qualified institutional buyers showing negligible participation at 0.00 times, maintaining from day one's 0.00 times

Key Highlights - Day 1:

• Overall subscription reached weak 0.51 times, showing cautious initial investor interest
• Non-institutional investors displaying moderate performance at 1.21 times, indicating measured HNI appetite
• Individual investors showing weak confidence at 0.50 times, indicating subdued retail sentiment
• Qualified institutional buyers showing negligible participation at 0.00 times, indicating no institutional interest

About Exim Routes Limited

Incorporated in April 2019, 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 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.