Ecoline Exim Limited

23 Sep 2025 - 25 Sep 2025 Individual Category SME NSE

Min Investment

₹282000

Price Band

₹134-₹141

Issue Size

38.77 lakhs
Equity Shares

Lot Size

1000 (per lot)

IPO Dates
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23 Sep 2025

Open Date

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25 Sep 2025

Close Date

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26 Sep 2025

Allotment Date

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30 Sep 2025

Listing Date

Ecoline Exim IPO, valued at Rs 76.42 crore, is a book-built issue comprising a fresh issue of 0.43 crore shares worth Rs 61.19 crore and an offer for sale of 0.11 crore shares totalling Rs 15.23 crore. The subscription window will open on September 23, 2025, and close on September 25, 2025, with allotment expected on September 26, 2025. The shares are proposed to list on NSE SME, with a tentative listing date of September 30, 2025. The price band has been fixed at Rs 134 to Rs 141 per share, with a lot size of 1,000 shares. For retail investors, the minimum investment stands at Rs 2,82,000 (2,000 shares at the upper band), while HNIs must invest in at least 3 lots (3,000 shares), amounting to Rs 4,23,000. Hem Securities Ltd. is the book running lead manager, MUFG Intime India Pvt. Ltd. is the registrar, and Hem Finlease Pvt. Ltd. will act as the market maker.

Know Before Investing

Strengths icon

  • Manufactures eco-friendly cotton and jute bags tapping into rising sustainable demand.
  • Strong global presence with exports to 25+ countries.
  • Healthy order book of Rs 97.44 crore ensures visibility.

Weaknesses icon

  • No long-term raw material contracts; prices may fluctuate.
  • Heavy reliance on a few large customers.
  • Exposed to currency risks and regulatory challenges.

About Ecoline Exim Limited

Founded in 2008, Ecoline Exim Limited specialises in manufacturing a diverse range of eco-friendly packaging and promotional bags made from cotton and jute, catering primarily to global markets. The company exports to over 27 countries, including the European Union, the USA, Japan, Southeast Asia, and Mexico, and functions as an OEM supplying packaging solutions to supermarkets, retail chains, wholesalers, and promotional firms. With three manufacturing facilities—one located in Ahmedabad, Gujarat, and two in West Bengal—it offers products such as cotton bags (conventional, organic, and Fairtrade) and jute shopping bags crafted from standard jute fabric. As of March 31, 2025, Ecoline Exim employed 201 permanent staff and 339 contractual workers.

Founded

2008

Managing Director

Saurabh Saraogi

Parent Organization

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IPO Objectives

The company plans to utilise Rs 50.00 crore from the issue proceeds towards capital expenditure for building construction, mechanical and electrical works, and procurement of plant and machinery to establish a new manufacturing unit at Ahmedabad, referred to as “Proposed Factory V.” The balance funds will be allocated for general corporate purposes.

Company Promoters

Sudarshan Saraogi

Saurabh Saraogi

Shradha Saraogi

Gunjal Saraogi

Commercial Private Limited

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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