The Exim Routes IPO listing delivered a strong opening on the NSE SME platform, drawing attention across the Indian stock market. On its first day of trade, Exim Routes shares opened well above the issue price and quickly moved higher, reflecting solid demand for the SME IPO.
For investors tracking SME IPO listings and broader stock market news, the debut stood out—not for volatility, but for the speed at which the stock hit its upper circuit.
Market Performance: Sharp Listing Gains on NSE SME
Exim Routes made a confident entry into the public markets, with prices moving decisively higher from the opening bell.
- Issue price: ₹88 per share
- Opening price: ₹110 per share
- Listing gain: 25% over the issue price
Momentum didn’t stop there.
- The stock extended gains during the session
- It touched its upper circuit at ₹115.50
- This marked a rise of over 31% compared with the issue price
The swift move to the upper circuit capped trading for the session, underlining strong buying interest in the SME counter.
Main News: Bumper Debut Drives Investor Attention
The listing of Exim Routes was marked by immediate strength, as buyers pushed the stock higher soon after it began trading. The move reflected confidence in the company’s business model and growth trajectory, as indicated by the pricing action on debut.
While expectations around the listing varied ahead of the debut, the actual market performance was defined by one clear outcome—the stock quickly reached its upper limit, locking in gains on the first day itself.
Company Details: What Exim Routes Does
Exim Routes operates as a global platform for the exchange of recyclable paper product materials. The company provides end-to-end services to Indian paper mills, covering the entire supply chain.
Its operations include:
- Sourcing and procurement of waste paper
- Quality assurance of recyclable materials
- Logistics and delivery to paper mills
To support these activities, the company has developed the Exim Routes Intelligence System (ERIS), an AI-powered B2B digital platform designed to manage and streamline operations efficiently.
Financial Snapshot: Rising Revenue and Profits
Exim Routes has reported consistent growth in both revenue and profitability over the past few years.
Consolidated revenue from operations:
- FY23: ₹36.45 crore
- FY24: ₹71.86 crore
- FY25: ₹120.7 crore
Profit after tax (attributable to owners):
- FY23: ₹37.49 lakh
- FY24: ₹3.05 crore
- FY25: ₹6.75 crore
The steady rise in revenue and profits forms an important part of the company’s public market narrative following the IPO listing.
IPO Details: Key Facts at a Glance
The Exim Routes IPO followed a straightforward structure, focused entirely on fresh capital.
- Price band: ₹83 to ₹88 per equity share
- Issue type: Fresh issue only
- Total shares offered: 49,69,600 equity shares
- Face value: ₹5 per share
The IPO opened for subscription on December 12 and closed on December 16.
Share allotment was finalised on December 17.
The issue saw an overall subscription of 15 times, with the retail portion subscribed 10 times, indicating strong interest from individual investors.
Summary
The Exim Routes IPO listing marked a strong debut on the NSE SME platform, with the stock opening at ₹110 and quickly hitting its upper circuit at ₹115.50, delivering gains of over 31% from the issue price.
Backed by rising revenues, improving profitability, and a technology-driven operating model, Exim Routes entered the public markets with momentum. Its listing performance has placed it firmly on the radar of investors tracking SME IPO listings and key developments in the Indian stock market.
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