Incorporated in April 2019, Exim Routes Limited is a global platform that facilitates the exchange of recyclable paper materials, offering end-to-end services to Indian Paper Mills, from sourcing waste paper to quality assurance and logistics.
The Company operates through a group structure, with an Indian parent, Exim Routes Limited, and foreign subsidiaries.
Exim Routes is a global recyclable exchange company focused on facilitating cross-border trade in recyclable materials, particularly paper and metal scrap.
Exim Routes uses its proprietary AI-powered B2B platform (referred to as “ERIS”) to connect buyers and sellers of recyclable paper, streamlining procurement, supply-chain and delivery.
Its business model involves sourcing wastepaper globally and supplying to Indian mills, handling logistics and trade coordination across geographies.
Their operations span multiple continents, with a strong presence in India and Singapore, as well as subsidiaries in the USA, UK, Germany, and South Africa.
They offer comprehensive services, including sourcing, quality assurance, logistics, and trade execution.
Exim Routes combines a global network with a tech-driven approach to simplify the recyclables trade ecosystem.
As of November 30, 2025, our Company has 18 employees.
Competitive strengths
A globally oriented sourcing network for recyclable paper materials, enabling access to international supply.
An AI-enabled B2B platform (ERIS) facilitates efficient buyer-seller matching and transaction coordination.
An end-to-end service model including procurement, logistics, and delivery — reducing complexity for Indian paper mills.
Experienced promoters and management with expertise in trade, supply chain, and business operations.
A business model tailored to meet demand from Indian paper mills seeking a consistent supply of recyclables.
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | 17,79,200 crores |
| Non-Institutional Investors (NIIs) | 15% | 5,33,760 crores |
| Retail Individual Investors (RIIs) | 35% | 12,45,440 crores |
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| 17 Dec '25 | 19 Dec '25 | 18 Dec '25 |
| Issue Composition: | |
|---|---|
| Face Value | ₹0 per share |
| Total Issue Size | 35,58,400 shares (aggregating up to ₹2,81,600 crores) |
| Fresh Issue | NaN shares (aggregating up to To be announced) |
| Offer for Sale | NaN shares of ₹0 (aggregating up to To be announced) |
| Issue Type | |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | shares |
| Post-Issue Shareholding | 0 shares |
| Minimum Lot Size | -- |
| Maximum Lot Size (Retail) | -- |
The lot size of Exim Routes ipo has been designed to ensure broad participation while maintaining optimal price discovery.
| Book Running Lead Manager(s) |
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