Exim Routes IPO offers exposure to a fast-scaling, tech-enabled export–import logistics and documentation platform that is trying to digitise complex global trade workflows for SMEs and mid-sized exporters/importers.
Exim Routes IPO – Key Details
- Company: Exim Routes Limited
- Sector: Tech-enabled EXIM solutions (trade documentation, compliance, workflow platform)
- IPO Type: Main-board, book-built (fresh issue)
- IPO Open Date: 12 December 2025
- IPO Close Date: 16 December 2025
- Basis of Allotment: 17 December 2025
- Refunds / Demat Credit: 18 December 2025
- Listing Date: 19 December 2025
- Price Band: Rs. 83 to Rs 88
- Total Issue Size :- 49,69,600 shares
(aggregating up to ₹43.73 Cr) - Sale Type :- Fresh Capital
- Face Value :- Rs. 5 per share
- Market Lot: 1,600 shares; minimum retail application = 2 lots = 3,200 shares worth ₹2,81,600
- Promoters: Manish Goyal and Govind Rai Garg
- Promoter Holding: 71.35% pre‑issue; 52.44% post‑issue
Business & Financial Snapshot
- Exim Routes operates a technology platform (ERIS) serving exporters, importers, and logistics stakeholders for documentation, compliance, workflow tracking and value-added EXIM support services.
- Revenue sources include platform fees, service charges and related EXIM facilitation services.
Financials (₹ in crore):
Exim Routes Ltd.'s revenue increased by 67% and profit after tax (PAT) rose by 80% between the financial year ending with March 31, 2025 and March 31, 2024.
|
Period Ended |
30 Jun 2025 |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
50.97 |
47.62 |
20.53 |
6.63 |
|
Total Income |
44.17 |
120.99 |
72.39 |
36.46 |
|
Profit After Tax |
1.17 |
7.56 |
4.20 |
0.37 |
|
EBITDA |
1.39 |
9.95 |
4.58 |
0.64 |
|
NET Worth |
16.38 |
15.60 |
1.18 |
0.56 |
|
Reserves and Surplus |
15.71 |
14.41 |
3.58 |
0.53 |
|
Total Borrowing |
5.10 |
2.75 |
1.46 |
2.86 |
|
Amount in ₹ Crore |
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Key ratios FY25:
- ROE: 53.14%, ROCE: 35.53%, EBITDA Margin: 8.24%, PAT Margin: 6.27%
- Debt–equity: 0.20, EPS (Basic): ₹2.75, RoNW: 42.28%,NAV: ₹11.32
Objective of the Issue:
- Development & maintenance of ERIS platform: ₹11.87 crore
- Working capital for business growth: ₹9.00 crore
- Investment in office space to accommodate new hires: ₹7.13 crore
- General corporate purposes
Investor Reservation:-
- Anchor: 14,11,200 shares (28.40%)
- QIB (ex‑anchor): 9,40,800 shares (18.93%)
- NII: 7,10,400 shares (14.29%)
- Retail: 16,57,600 shares (33.35%)
IPO Lot Size:-
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
Key Strengths:-
- Rapid revenue and PAT growth over FY23–FY25
- High ROE and RoNW with low–moderate leverage
- Anchor, QIB, NII and retail participation mix
- Clear tech capex plan for ERIS platform enhancement
- Asset-light, service-led business model
Key Risks:-
- Short operating and profitability history at scale
- Dependence on EXIM volumes and global trade cycles
- Platform and technology obsolescence risk
- Client concentration and renewal risk
- High minimum ticket size for retail investors
How To Apply for the IPO?
- Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of IPO?
Steps to check IPO allotment status on JM Pro app:
- Log in to the JM Pro app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
JM Financial Services will notify you of your IPO allotment status via push notification and email
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