The issue opened for bidding on Friday (12 December 2025) and it will close on Tuesday (16 December 2025). The price band of the IPO is fixed between Rs 83 to Rs 88 per share. The minimum order quantity is 1,600 equity shares. The equity shares will list on NSE’s SME platform.

The IPO comprises fresh issue of 49,69,600 equity shares. The promoter and promoter group shareholding will dilute to 52.44% from 71.35% pre-issue.

About 2,49,600 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 47,20,000 equity shares. The issue and the net issue will constitute 26.50% and 25.17%, respectively, of the post-issue paid up equity share capital of the company.

The company intends to utilize the net proceeds to meet 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 and general corporate purposes.

Ahead of the IPO, Exim Routes on 11 December 2025, raised Rs 12.42 crore from anchor investors. The board allotted 14.11 lakh shares at Rs 88 per share to 4 anchor investors.

Exim Routes operates as a global platform enabling the exchange of recyclable paper materials, offering end-to-end services to Indian paper mills—from sourcing to logistics. Central to this is its 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 communication, delivers actionable insights via integrated market intelligence, and ensures seamless logistics execution with its freight partners. By consolidating data ERIS empowers decisions, transactions, and optimised supply and demand. As of 30 November 2025, the company had a total of 18 employees.

The company recorded revenue from operations of Rs 43.83 crore and net profit of Rs 1.17 crore for the period ended 30 June 2025.