The listing day for Exim Routes delivered a steady, confident start. On December 19, Exim Routes share price entered the public market with a 25% premium over its SME IPO price, reflecting solid demand built during the issue period and stable broader market sentiment.
For investors tracking Exim Routes SME IPO, the debut offered clarity. It showed how primary market interest translated into real price discovery once the stock hit the exchange.
Market Performance: Exim Routes Share Price on NSE Emerge
On its first day of trading, Exim Routes' share on the NSE opened firmly above its issue price.
Key listing details:
- Listing price: ₹110 per share
- IPO price: ₹88 per share
- Listing premium: 25%
- Platform: NSE Emerge
- Market capitalisation at listing: Over ₹208 crore
The debut placed Exim Routes' share price comfortably above the offer price, setting a positive tone for the SME listing.
Main News: Strong Demand Carries into Listing Day
The listing performance followed a well-subscribed issue in the primary market. The Exim Routes SME IPO was subscribed over 14 times during the bidding window from December 12 to December 16.
This demand formed the base for the stock’s opening on the exchange. While SME listings can be volatile, the initial price action reflected orderly participation rather than sharp swings.
Exim Routes SME IPO: Key Offer Details
The company raised funds through a fresh issue of shares, with no offer for sale component.
Important IPO data:
- IPO size: ₹43.73 crore
- Price band: ₹83 to ₹88 per share
- Issue type: 100% fresh issue
- Minimum retail application: 3,200 shares
- Investment at upper band: ₹2,81,600
The structure ensured that all proceeds were directed toward the company’s operational needs.
Company Details: What Exim Routes Does
Exim Routes operates as a global platform facilitating the exchange of recyclable paper product materials. The company provides end-to-end solutions to Indian paper mills, covering multiple stages of the supply chain.
Its services include:
- Sourcing and procurement of waste paper
- Quality assurance processes
- Logistics and delivery to paper mills
This integrated model positions the company as a link between global suppliers and domestic manufacturers.
Use of IPO Proceeds
The company has clearly outlined how the funds raised from the Exim Routes IPO will be deployed.
Proceeds are intended for:
- Development and maintenance of the ERIS platform
- Working capital to support business growth
- Investment in office infrastructure for new hires
- General corporate purposes
These allocations align with the company’s operational expansion rather than any financial restructuring.
How the Market Read the Listing
The Exim Routes share price on the BSE was not applicable, as the listing took place on NSE Emerge, the SME platform of the National Stock Exchange.
Market attention stayed focused on:
- Listing premium sustainability
- Liquidity levels in SME trading
- Translation of IPO demand into secondary market volumes
The debut avoided sharp extremes, which is often seen as a sign of balanced participation.
Summary: Exim Routes Listing in Focus
The listing of Exim Routes delivered a measured but positive outcome for IPO participants.
Key highlights:
- Listing price: ₹110 per share
- Premium over IPO price: 25%
- IPO size: ₹43.73 crore
- Subscription: Over 14 times
- Market capitalisation: Above ₹208 crore
Easy & quick
Leave A Comment?