Ecoline Exim Limited
Bookbuilding IPO · NSE
- Price band
- ₹134 - ₹141
- Lot size
- 1,000 shares
- Issue amount
- ₹76.42 cr
- Total subscription
- 1.09×
- Opens
- 23 Sept 2025
- Closes
- 25 Sept 2025
- Allotment
- 26 Sept 2025
- Listing
- 30 Sept 2025
Offer at a glance
Issue overview
- Issue size
- 54,20,000 shares
- Face value
- 0
- Minimum investment
- ₹1,34,000
- Fresh issue
- ₹61.19 cr
- Offer for sale
- ₹15.23 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,41,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 71,95,748
- Shares after issue
- 97,90,148
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,82,000 |
| sHNI | 3 | 3,000 | ₹4,23,000 |
| bHNI | 8 | 8,000 | ₹11,28,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 24 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 13 |
| NIB | 0 | 718 |
| RETAIL | 901 | 3,624 |
| HNIs(10L +) | 172 | 338 |
| HNIs (2-10L) | 86 | 404 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 14.52 | 138.11 |
| FIIs | 0 | 5.01 |
| Others | 0 | 133.1 |
| RETAIL | 25.41 | 102.2 |
| HNIs 2+ | 3.64 | 17.75 |
| HNIs 10+ | 7.26 | 43.99 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 11.66 | 13.97 | 11.64 |
| ROE | 21.28 | 31.5 | 38.4 |
| ROCE | 21.14 | 26.45 | 29.97 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 12.12 | 0 | 0 |
| POST IPO(PE) | 15.37 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Ecoline Exim Limited, founded in 2008, manufactures eco-friendly cotton and jute packaging and promotional bags for global markets. The company exports to over 25 countries including the European Union, USA, Japan, Southeast Asia, and Mexico, and serves supermarkets, retail chains, wholesalers, and promotional firms as an OEM supplier. By September 2024, it had 48 customers for functional products and 24 for promotional needs, with an outstanding order book of Rs 9,744.37 lakhs from around 60 customers as of December 2024. The company runs three manufacturing units—one in Ahmedabad, Gujarat, and two in West Bengal—and employs 267 people across its operations.
Strengths
- Eco-Friendly & Sustainable Products – Manufactures cotton and jute bags as durable, reusable, and biodegradable alternatives to plastic and paper, promoting the 3Rs: Reduce, Reuse, Recycle.
- Strict Quality Assurance – Implements stringent quality checks across production stages, ensuring reliable products that meet global standards and secure repeat multinational orders.
- In-House Manufacturing & Design Strength – End-to-end capabilities in sourcing, design, production, and packaging drive efficiency, quality control, and supply chain reliability.
Risk factors
- Evolving Consumer Demand – Shifts in fashion trends and preferences for cotton and jute bags may affect sales, requiring continuous innovation in designs.
- Supplier Dependency – Heavy reliance on a few cotton and jute suppliers without long-term contracts exposes the company to supply disruptions and price volatility.
- Operational Disruptions – Dependence on owned manufacturing facilities makes the business vulnerable to slowdowns, shutdowns, or prolonged disruptions impacting cash flows.
Promoters
Sudarshan Saraogi
Saurabh Saraogi
Shradha Saraogi
Gunjal Saraogi
SL Commercial Private Limited
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
8, G.C. Ghosh Road Kolkata Kolkata, West Bengal, 700048
+91-89101-0025
[email protected]Company website ↗Understanding ECOLINE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.