Ecoline Exim IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 23 to Sep 25 2025
Price Band
₹134 - 141
Current GMP
₹140.85 (-0.11%)
Subscription
6.06 times
IPO Details
| IPO Date | September 23, 2025 to September 25, 2025 |
| Listing Date | September 30, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹134 to ₹141 per share |
| Issue Price Final | ₹141 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 54,20,000 shares (aggregating up to ₹76.42 Cr) |
| Reserved for Market Maker | 2,72,000 shares (aggregating up to ₹3.84 Cr)Hem Finlease Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 40,68,000 shares (aggregating up to ₹57.36 Cr) |
| Offer for Sale | 10,80,000 shares of ₹10 (aggregating up to ₹15.23 Cr) |
| Net Offered to Public | 51,48,000 shares (aggregating up to ₹72.59 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,61,75,376 shares |
| Share Holding Post Issue | 2,05,15,376 shares |
IPO Date
September 23, 2025 to September 25, 2025
Listing Date
September 30, 2025
Face Value
₹10 per share
Issue Price Band
₹134 to ₹141 per share
Issue Price Final
₹141 per share
Lot Size
1,000 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total Issue Size
54,20,000 shares (aggregating up to ₹76.42 Cr)
Reserved for Market Maker
2,72,000 shares (aggregating up to ₹3.84 Cr)Hem Finlease Pvt.Ltd.
Fresh Issue (Ex Market Maker)
40,68,000 shares (aggregating up to ₹57.36 Cr)
Offer for Sale
10,80,000 shares of ₹10 (aggregating up to ₹15.23 Cr)
Net Offered to Public
51,48,000 shares (aggregating up to ₹72.59 Cr)
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Share Holding Pre Issue
1,61,75,376 shares
Share Holding Post Issue
2,05,15,376 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 9.51 |
| Non-Institutional Buyers*** | 5.41 |
| bNII (bids above ₹10L) | 5.62 |
| sNII (bids below ₹10L) | 4.97 |
| Individual Investors (IND category bidding for 2 Lots) | 4.37 |
| Total ** | 6.06 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
9.51
Non-Institutional Buyers***
5.41
bNII (bids above ₹10L)
5.62
sNII (bids below ₹10L)
4.97
Individual Investors (IND category bidding for 2 Lots)
4.37
Total **
6.06
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 23, 2025 | 1.45 | 0.55 | 0.76 | 0.15 | 0.31 | 0.69 |
| Day 2 Sep 24, 2025 | 2.20 | 0.56 | 0.66 | 0.36 | 0.72 | 1.11 |
| Day 3 Sep 25, 2025 | 9.51 | 5.41 | 5.62 | 4.97 | 4.37 | 6.06 |
DayDay 1
Sep 23, 2025
QIB (Ex Anchor)1.45
NII*0.55
NII (> ₹10L)0.76
NII (< ₹10L)0.15
Individual Investors0.31
Total0.69
DayDay 2
Sep 24, 2025
QIB (Ex Anchor)2.20
NII*0.56
NII (> ₹10L)0.66
NII (< ₹10L)0.36
Individual Investors0.72
Total1.11
DayDay 3
Sep 25, 2025
QIB (Ex Anchor)9.51
NII*5.41
NII (> ₹10L)5.62
NII (< ₹10L)4.97
Individual Investors4.37
Total6.06
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 30-09-2025 | 141.00 | 0(0.00%) | 141 |
| 29-09-2025 | 141.00 | 0(0.00%) | 141 |
| 28-09-2025 | 141.00 | 3(2.13%) | 144 |
| 27-09-2025 | 141.00 | 3(2.13%) | 144 |
| 26-09-2025 | 141.00 | 3(2.13%) | 144 |
| 25-09-2025 | 141.00 | 9(6.38%) | 150 |
| 24-09-2025 | 141.00 | 15(10.64%) | 156 |
| 23-09-2025 | 141.00 | 15(10.64%) | 156 |
| 22-09-2025 | 141.00 | 10(7.09%) | 151 |
| 21-09-2025 | 141.00 | 5(3.55%) | 146 |
| 20-09-2025 | 141.00 | 5(3.55%) | 146 |
| 19-09-2025 | 141.00 | 5(3.55%) | 146 |
| 18-09-2025 | 141.00 | 5(3.55%) | 146 |
| 17-09-2025 | 141.00 | 0(0.00%) | 141 |
Date30-09-2025
Price141.00
GMP0(0.00%)
Estimate List Price141
Date29-09-2025
Price141.00
GMP0(0.00%)
Estimate List Price141
Date28-09-2025
Price141.00
GMP3(2.13%)
Estimate List Price144
Date27-09-2025
Price141.00
GMP3(2.13%)
Estimate List Price144
Date26-09-2025
Price141.00
GMP3(2.13%)
Estimate List Price144
Date25-09-2025
Price141.00
GMP9(6.38%)
Estimate List Price150
Date24-09-2025
Price141.00
GMP15(10.64%)
Estimate List Price156
Date23-09-2025
Price141.00
GMP15(10.64%)
Estimate List Price156
Date22-09-2025
Price141.00
GMP10(7.09%)
Estimate List Price151
Date21-09-2025
Price141.00
GMP5(3.55%)
Estimate List Price146
Date20-09-2025
Price141.00
GMP5(3.55%)
Estimate List Price146
Date19-09-2025
Price141.00
GMP5(3.55%)
Estimate List Price146
Date18-09-2025
Price141.00
GMP5(3.55%)
Estimate List Price146
Date17-09-2025
Price141.00
GMP0(0.00%)
Estimate List Price141
IPO Important Dates
| IPO Open Date | Tue, Sep 23, 2025 |
| IPO Close Date | Thu, Sep 25, 2025 |
| Tentative Allotment | Fri, Sep 26, 2025 |
| Initiation of Refunds | Mon, Sep 29, 2025 |
| Credit of Shares to Demat | Mon, Sep 29, 2025 |
| Tentative Listing Date | Tue, Sep 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 25, 2025 |
IPO Open Date
Tue, Sep 23, 2025
IPO Close Date
Thu, Sep 25, 2025
Tentative Allotment
Fri, Sep 26, 2025
Initiation of Refunds
Mon, Sep 29, 2025
Credit of Shares to Demat
Mon, Sep 29, 2025
Tentative Listing Date
Tue, Sep 30, 2025
Cut-off time for UPI mandate confirmation
5 PM on Thu, Sep 25, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,82,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,82,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,23,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,87,000 |
| B-HNI (Min) | 8 | 8,000 | ₹11,28,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,000
Amount₹2,82,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,000
Amount₹2,82,000
ApplicationS-HNI (Min)
Lots3
Shares3,000
Amount₹4,23,000
ApplicationS-HNI (Max)
Lots7
Shares7,000
Amount₹9,87,000
ApplicationB-HNI (Min)
Lots8
Shares8,000
Amount₹11,28,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 146.31 | 128.72 | 104.46 |
| Total Income | 273.07 | 280.59 | 310.67 |
| Profit After Tax | 18.82 | 22.59 | 18.86 |
| EBITDA | 29.99 | 33.94 | 30.57 |
| NET Worth | 88.45 | 71.70 | 49.11 |
| Reserves and Surplus | 72.27 | 70.54 | 47.96 |
| Total Borrowing | 39.89 | 44.81 | 42.47 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025146.31
31 Mar 2024128.72
31 Mar 2023104.46
Period EndedTotal Income
31 Mar 2025273.07
31 Mar 2024280.59
31 Mar 2023310.67
Period EndedProfit After Tax
31 Mar 202518.82
31 Mar 202422.59
31 Mar 202318.86
Period EndedEBITDA
31 Mar 202529.99
31 Mar 202433.94
31 Mar 202330.57
Period EndedNET Worth
31 Mar 202588.45
31 Mar 202471.70
31 Mar 202349.11
Period EndedReserves and Surplus
31 Mar 202572.27
31 Mar 202470.54
31 Mar 202347.96
Period EndedTotal Borrowing
31 Mar 202539.89
31 Mar 202444.81
31 Mar 202342.47
IPO Reservation
| Market Maker Shares Offered | 2,72,000 (5.02%) |
| QIB Shares Offered | 25,73,000 (47.47%) |
| − Anchor Investor Shares Offered | 15,43,000 (28.47%) |
| − QIB (Ex. Anchor) Shares Offered | 10,30,000 (19.00%) |
| NII (HNI) Shares Offered | 7,73,000 (14.26%) |
| − bNII > ₹10L | 5,15,000 (9.50%) |
| − sNII < ₹10L | 2,58,000 (4.76%) |
| Retail Shares Offered | 18,02,000 (33.25%) |
| Total Shares Offered | 54,20,000 (100.00%) |
Market Maker Shares Offered
2,72,000 (5.02%)
QIB Shares Offered
25,73,000 (47.47%)
− Anchor Investor Shares Offered
15,43,000 (28.47%)
− QIB (Ex. Anchor) Shares Offered
10,30,000 (19.00%)
NII (HNI) Shares Offered
7,73,000 (14.26%)
− bNII > ₹10L
5,15,000 (9.50%)
− sNII < ₹10L
2,58,000 (4.76%)
Retail Shares Offered
18,02,000 (33.25%)
Total Shares Offered
54,20,000 (100.00%)
Information about company
Incorporated in 2008, Ecoline Exim Limited is primarily engaged in manufacturing of wide range of sustainable packaging and promotional bags made out of cotton and jute
Ecoline Exim Limited manufactures sustainable cotton, jute packaging, and promotional bags for global export.
The company has exported its products to more than 27 countries including the European Union, the USA, Japan, and Southeast Asia and Mexico, etc.
The company is an OEM providing packaging solutions for Supermarkets, retail chains, wholesalers, and promotional companies.
As of September 18, 2025, the company operates three manufacturing units, one in Ahmedabad, Gujarat, and the rest in West Bengal.
Products:
Cotton Bags: Conventional Bags, Organic Cotton Bags, Fairtrade Cotton Bags
Jute Bags: Jute shopping bags are produced using normal jute fabric and has no classifications on the grade of jute.
As on March 31, 2025, the company had 201 permanent employees and 339 contractual employees.
Competitive Strength
Sustainable and Eco-friendly business model focusing on three R’s of the environment – Reduce, Reuse and Recycle.
Stringent quality control mechanism ensuring standardized product quality.
Strategically located in-house manufacturing capabilities with design expertise.
Long standing association with customers.
Widespread reach in International Market.
Objectives of IPO
The Company Ecoline Exim IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding the capital expenditure towards construction of building, mechanical and electrical works and procurement of plant and machinery for setting up a new manufacturing facility at Ahmedabad (“Proposed Factory V”)
50.00
2
General Corporate Purpose.
Disclaimer
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