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Exim Routes Ltd
MiscellaneousIPOSME
₹88 - 88
Our Company operates as a global platform enabling the exchange of recyclable paper materials, offering end-toend services to Indian Paper Mills from sourcing to logistics. Central to this, is our AI-powered B2B platform, the Exim Routes Intelligence System (ERIS). ERIS streamlines supply chain operations through global inventory matching and price discovery, enables efficient customer and communication, delivers actionable insights via integrated market intelligence, and ensures seamless logistics execution with our freight partners. By consolidating data ERIS empowers decisions, transactions, and optimized supply and demand.
Lot1,600Min Invest₹2,81,600Face Value₹5Issue Size₹44 CrFresh Issue₹44 CrListing Price₹110CMP₹107
Timeline
12 Dec
Bidding opens
16 Dec
Bidding closes
17 Dec
Allotment
18 Dec
Refund & demat credit
19 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹44 Cr0.50 Cr shares
Fresh Issue₹44 Cr
Face Value₹5
Lot Size1,600 shares
ReservationQIB 49.83% · NII 15.05% · RETAIL 35.12%
Application Sizes
Retail₹2,81,6001-1 lots
sNII₹2,81,600from 2 lots
bNII₹11,26,400from 8 lots
Managers & Registrar
Lead ManagerNarnolia Financial Services Limited
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group63.35%46.56%Public36.65%53.44%
Objects of the Issue
- To meet out the expenses for Development and Maintenance of the ERIS platform
- To meet out the expenses for Working Capital to fund business growth
- To meet out the expenses for Investment in Office space to accommodate new hires
- General Corporate Purposes*
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 8 | 36 | 72 | 121 | 207 |
| Operating ProfitCr | 0 | 1 | 5 | 10 | 14 |
| OPM% | 3.1 | 1.8 | 6.4 | 8.2 | 6.7 |
| PBTCr | 0 | 0 | 5 | 10 | 13 |
| PATCr | 0 | 0 | 4 | 8 | 10 |
| EPS | 14 | 0 | 3 | 5 | 7 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 7 | - |
| ReservesCr | 0 | 1 | 4 | 14 | - |
| BorrowingsCr | 1 | 3 | 4 | 5 | - |
| Total AssetsCr | 3 | 7 | 21 | 48 | - |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 0 | 0 | -1 | -5 | -19 |
| Investing Cash FlowCr | 0 | -1 | -1 | -4 | -13 |
| Financing Cash FlowCr | 1 | 1 | 2 | 11 | 48 |
| Net Cash FlowCr | 1 | 1 | 0 | 2 | 15 |
Strengths & Risks
Strengths · as stated in the DRHP
- Designing and execution capabilities.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our consumers.
- Quality assurance and control.
Strategies · as stated in the DRHP
- Geography expansion.
- Diversification into adjacent recyclables.
- ERIS development and monetisation.
Risks · as stated in the DRHP
- Changes in technology or failures to upgrade or adapt changes may render its existing Exim Routes Intelligence System ("ERIS") technology obsolete and require significant investments, which may impact the company's business and financial condition.
- Regulatory restrictions on wastepaper trading, including import/export norms and environmental compliance, may impact business operations. Changes in policy or classification standards could disrupt supply chains and affect material availability.
- The company's major revenue is sourced from trading of Paper Recyclables. The company's inability or failures to manage and attract more clients in this segment could adversely affect its business.
- The demand for recyclable paper is cyclical and influenced by market trends and economic conditions. This variability can lead to fluctuations in revenue and profit margins over time.
- The company's business is subject to risks relating to high trade receivables, which may adversely affect its cash flows, results of operations and financial condition.
- The company's business is working capital intensive, and fluctuations or inadequate financing of its working capital requirements may adversely affect the company's business, financial condition, and results of operations.