Ecoline Exim came to market through an SME IPO that opened on 23 September 2025 and closed on 25 September 2025, and the shares listed on 30 September 2025 on NSE SME. The price band was ₹134 to ₹141 per share and one lot was 1000 shares, so the minimum application was ₹1,41,000. The issue size was ₹76.42 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Pvt.Ltd was the registrar to the issue, and Hem Securities Ltd was the lead manager.
As of 26 September 2025.
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Established in 2008, Ecoline Exim Limited produces sustainable cotton, jute packing, and promotional bags for export to all over the world. The products have been exported to over 25 nations including the European Union, USA, Japan, and Southeast Asia and Mexico, etc. The company is an OEM that offers packaging solutions to Supermarkets, retail chains, wholesalers, and promotional companies.
Between September 30, 2024, and up to the date of this report, the company has sold products to 48 customers for functional purposes and 24 for promotional purposes. As on December 31, 2024, the company has an order book pending for supply for cotton and jute bags of Rs 9744.37 lakhs from approximately 60 customers. As on January 2025, the company has three manufacturing plants, one based in Ahmedabad, Gujarat, and the remaining in West Bengal.
As of September 30, 2024, the Company employs 267 people at different locations.
As described in the offer document.
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Sudarshan Saraogi, Saurabh Saraogi, Shradha Saraogi, Gunjal Saraogi, SL Commercial Private Limited. Promoter holding 100.00% before the issue and 73.58% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Ecoline Exim IPO was a ₹76.42 crore book-built issue, comprising a fresh issue of ₹61.19 crore and an offer for sale of ₹15.23 crore. It was priced at ₹134–₹141 per share with a lot size of 1,000 shares; the minimum retail application was 2,000 shares (₹2,82,000). The IPO was open from September 23 to September 25, 2025 and was subscribed 6.14x. Shares listed on NSE SME on September 30, 2025 at ₹140.80, in line with the issue price of ₹141.
MUFG Intime India Pvt. Ltd. is the registrar. Hem Securities Ltd. is the book running lead manager.
The price band of Ecoline Exim IPO is ₹134 to ₹141 per share.
The lot size of Ecoline Exim IPO is 1000 shares.
The minimum investment for Ecoline Exim IPO is approximately ₹2,82,000 based on the upper price band.
The allotment date of Ecoline Exim IPO is Sep 26, 2025.
You can check Ecoline Exim IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Ecoline Exim IPO allotment status on Rupix for quick and easy access.
₹134 to ₹141 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,41,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,41,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 23 September 2025 and closed on 25 September 2025.
The basis of allotment was published on 26 September 2025 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 30 September 2025 on NSE SME.
The issue size was ₹76.42 crore. The fresh issue was 43,40,000 shares (aggregating up to ₹61.19 crore). The offer for sale was 10,80,000 shares (aggregating up to ₹15.23 crore).