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₹141 - 141
Ecoline Exim Ltd
PackagingIPOSME
₹141 - 141
Our Company is primarily engaged in manufacturing of wide range of sustainable packaging and promotional bags made out of cotton and jute. We are engaged in the export of these bags globally. During the Fiscal 2025, we exported our products to more than 27 countries. Our major export market is European Union, USA, Japan, and South East Asia and Mexico, etc. With the awakening of global market where more and more measures are being taken to reduce the use of plastics, we address to the alternate solution to use products which are sustainable, reusable and biodegradable, like bags made out of cotton or jute which are eco-friendly.
Lot1,000Min Invest₹2,82,000Face Value₹10Issue Size₹76 CrFresh Issue₹61 CrOffer for Sale₹15 CrListing Price₹141CMP₹181
Timeline
23 Sept
Bidding opens
25 Sept
Bidding closes
26 Sept
Allotment
29 Sept
Refund & demat credit
30 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹76 Cr0.54 Cr shares
Fresh Issue₹61 Cr
Offer for Sale₹15 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 49.99% · NII 15.01% · RETAIL 35%
Application Sizes
Retail₹2,82,0001-1 lots
sNII₹2,82,000from 2 lots
bNII₹11,28,000from 8 lots
Managers & Registrar
Lead ManagerHEM Securities Ltd.
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrSudarshan SaraogiPRMTR2,50,0003.52Saurabh SaraogiPRMTR2,50,0003.52Shradha SaraogiPRMTR1,65,0002.33Gunjal SaraogiPRMTR1,65,0002.33S.L. Commercial Private LimitedPRMTR2,50,0003.52Total10,80,00015.23
Shareholding
CategoryPre IPOPost IPOPromoter Group100.01%73.57%Public-0.01%26.43%
Objects of the Issue
- Funding the capital expenditure towards construction of building, mechanical and electrical works and procurement of plant and machinery for setting up a new manufacturing facility at Ahmedabad.
- General corporate purpose
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 198 | 304 | 269 | 278 |
| Operating ProfitCr | 9 | 23 | 27 | 24 |
| OPM% | 4.3 | 7.5 | 9.9 | 8.7 |
| PBTCr | 5 | 24 | 25 | 27 |
| PATCr | 4 | 17 | 19 | 20 |
| EPS | 31 | 150 | 12 | 11 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 16 | 21 |
| ReservesCr | 29 | 47 | 72 | 144 |
| BorrowingsCr | 41 | 42 | 40 | 60 |
| Total AssetsCr | 92 | 103 | 146 | 247 |
Cash Flow
| Financial Year | FY22 | FY23 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | -13 | 9 | -5 | 2 |
| Investing Cash FlowCr | -3 | -1 | 1 | -10 |
| Financing Cash FlowCr | 16 | -1 | -7 | 73 |
| Net Cash FlowCr | 0 | 6 | -11 | 65 |
Strengths & Risks
Strengths · as stated in the DRHP
- Sustainable and Eco-friendly business model focusing on three R's of the environment - Reduce, Reuse and Recycle.
- Stringent quality control mechanism ensuring standardized product quality.
- Strategically located in-house manufacturing capabilities with design expertise.
- Long standing association with customers.
- Widespread reach in International Market.
- Healthy financial performance.
Strategies · as stated in the DRHP
- Continue to expand our presence abroad and explore domestic market.
- Focus on Backward and forward Integration.
- Focus on consistently meeting quality standards and reduce operating costs to improve operational efficiencies.
- Enhance value addition in existing products and development of new products.
- Continue to focus on sustainability.
- Maintaining cordial relationship with our Suppliers, Customer and employees.
Risks · as stated in the DRHP
- The company is dependent on certain key customers for a substantial portion of its revenues. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations.
- The company does not have long term agreements for supply of its raw materials. If the company is unable to procure raw materials of the required quality and quantity, at competitive prices, its business, results of operations and financial condition may be adversely affected. Majority of the company raw materials are sourced from few key suppliers. Discontinuation of operations of such suppliers may adversely affect its ability to source raw materials at a competitive price.
- Its business is dependent on the company manufacturing facilities and its subject to certain related risks; Unplanned slowdowns, unscheduled shutdowns or prolonged disruptions in the company manufacturing operations could have an adverse effect on its business, results of operations, cash flows and financial condition.
- Its business is labour intensive and any unavailability or shortage of labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing hiring of labour may have an adverse impact on its cash flows and results of operations.
- The company plan to set up the proposed Factory V for manufacturing of bags along with additional weaving unit at Ahmedabad is subject to risks, including implementation delays, cost overruns, and substantial upfront capital expenditures before the company realize any benefits.
- The company relies on outsourcing a certain proportion of its production processes and activities to third parties. Any inability to obtain sufficient quantities of processed material of the requisite quality in a timely manner and at acceptable prices, or a slowdown, shutdown or disruption in such third parties' operations and performance, could adversely affect its business, results of operations and financial condition.