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Ecoline Exim IPO
₹1,34,000/1000 shares
Minimum Investment
IPO Details
23 Sep 25
25 Sep 25
₹1,34,000
1000
₹134 to ₹141
NSE
₹76.42 Cr
30 Sep 25
Ecoline Exim IPO Timeline
Bidding Start
23 Sep 25
Bidding Ends
25 Sep 25
Allotment Finalisation
26 Sep 25
Refund Initiation
29 Sep 25
Demat Transfer
29 Sep 25
Listing
30 Sep 25
Ecoline Exim Limited
Ecoline Exim Limited specialises in manufacturing sustainable cotton, jute packaging, and promotional bags for the global market. The company exports its products to over 25 countries, including the European Union, the USA, Japan, Southeast Asia, and Mexico. Acting as an OEM, it provides packaging solutions for supermarkets, retail chains, wholesalers, and promotional companies. By September 30, 2024, Ecoline Exim had sold products to 48 customers for functional purposes and 24 customers for promotional needs. As of December 31, 2024, the company had an outstanding order book worth ₹97.44 crore for cotton and jute bags from approximately 60 customers. By January 2025, the company operates three manufacturing units, with one in Ahmedabad, Gujarat, and two in West Bengal. As of September 30, 2024, it employed 267 people across its various locations, reflecting its operational scale and market presence.
Ecoline Exim Limited IPO Overview
Ecoline Exim IPO is a book-built issue worth ₹76.42 crore, comprising a fresh issue of 0.43 crore shares aggregating to ₹61.19 crore and an offer for sale of 0.11 crore shares worth ₹15.23 crore. The IPO opens for subscription on September 23, 2025, and closes on September 25, 2025, with the allotment expected to be finalised on September 26, 2025. The shares are proposed to be listed on NSE SME, with a tentative listing date of September 30, 2025. The price band for the IPO is set between ₹134 and ₹141 per share, with a lot size of 1,000 shares. The minimum investment for retail investors is ₹2,82,000 (for 2,000 shares at the upper price), while high-net-worth investors need to apply for a minimum of 3 lots (3,000 shares), amounting to ₹4,23,000. Hem Securities Ltd. is the book running lead manager, and MUFG Intime India Pvt. Ltd. is the registrar of the issue.
Ecoline Exim Limited IPO Details
| Particulars | Details |
| IPO Date | 23 September 2025 to 25 September 2025 |
| Listing Date | 30 September 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹134 to ₹141 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 54,20,000 shares (aggregating up to ₹76.42 Cr) |
| Fresh Issue | 40,68,000 shares (aggregating up to ₹57.36 Cr) |
| Offer for Sale | 10,80,000 shares (aggregating up to ₹15.23 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 |
| Market Maker Portion | 2,72,000 shares |
Ecoline Exim Limited IPO Reservation
| Investor Category | Shares Offered |
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII (HNI) | Not more than 15% of the Net Issue |
Ecoline Exim Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 2,000 | ₹2,82,000 |
| 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 |
Ecoline Exim Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 100% |
| Post-Issue | 73.58% |
Ecoline Exim Limited IPO Valuation Overview
| KPI | Value |
| EPS | 13.97 (Pre-IPO), 11.01 (Post-IPO) |
| P/E Ratio | 10.1 (Pre-IPO), 12.81 (Post-IPO) |
| Return on Equity (ROE) | 23.51% |
| Return on Capital Employed (ROCE) | 21.14% |
| Debt to Equity Ratio | 0.45 |
| RoNW | 21.28% |
| PAT Margin | 6.99% |
| EBITDA Margin | 11.14% |
| Price to Book Value | 2.58 |
Objectives of the Proceeds
- Funding capital expenditure for new manufacturing facility at Ahmedabad – ₹50 Cr
- General corporate purposes to strengthen operational capabilities and working capital
Key Financials (₹ in Lakhs)
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Total Assets | 14,630.73 | 12,872.45 | 10,445.65 |
| Revenue | 4,683.12 | 3,260.93 | 2,841.99 |
| Profit After Tax | 18.82 | 22.59 | 18.86 |
| Reserves and Surplus | 7,226.97 | 7,054.49 | 4,795.60 |
| Total Borrowings | 3,974.88 | 4,211.46 | 3,464.67 |
SWOT Analysis of Ecoline Exim IPO
Strength and Opportunities
- Strong sustainable and eco-friendly business model focusing on Reduce, Reuse, Recycle
- Established customer base with long-standing relationships globally
- Strategic in-house manufacturing and quality control ensures consistent product standards
- Growing demand for sustainable packaging globally presents significant growth opportunities
- Expanding international presence, exporting to over 25 countries
Risks and Threats
- High dependence on international markets exposes revenue to currency fluctuations
- Manufacturing operations concentrated in few locations increases operational risk
- Heavy reliance on raw material availability and price volatility
- Intense competition from local and international packaging companies
- Regulatory changes in export/import laws can impact business operations
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About Ecoline Exim Limited
Ecoline Exim IPO Strengths
- Sustainable and eco-friendly business model focusing on the three R’s – 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 markets.
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQs On Ecoline Exim IPO
How can I apply for Ecoline Exim IPO?
You can apply via HDFC Sky using UPI-based ASBA for seamless investment in this IPO.
What is the minimum investment amount for retail investors?
The minimum retail investment is ₹2,82,000 for 2,000 shares at the upper price band.
What is the lot size for HNI investors in this IPO?
HNI investors can apply for a minimum of 3 lots, equivalent to 3,000 shares per lot.
Where will Ecoline Exim IPO be listed?
The IPO will be listed on NSE SME, with tentative listing date on 30 September 2025.
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