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Ecoline Exim IPO
Price Band
₹134.0–141.0
Issue Size
₹76.42 Cr
Lot Size
1,000 shares
Min Investment
₹282,000
2 LOTS MIN
GMP
—
Issue Price
₹141.0
Ecoline Exim IPO AI Summary
- Ecoline Exim IPO is listed on NSE SME in the Packaging sector.
- Price band: ₹134.0–₹141.0 per share, lot size 1,000 shares (min. investment ₹282,000, 2 lots minimum).
- Subscription window: 23 Sep–25 Sep 2025, listing on 30 Sep 2025.
Ecoline Exim Limited is an SME focused on sustainable packaging solutions. Despite a decline in total income over the past three years, the company maintains a strong market presence and aims to expand its manufacturing capabilities through the proceeds of its IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Ecoline Exim IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 25 Sep 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Ecoline Exim IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the 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.
Company Financials (₹ Cr)
As of 2025-03-31
| 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 |
Key Ratios
EPS
₹11.64
NAV
₹54.68
ROE
23.51%
ROCE
21.14%
RoNW
21.28%
P/B Value
2.58
P/E Ratio
12.12
Market Cap
₹289.27 Cr
PAT Margin
6.99%
Debt/Equity
0.45
Promoters
Sudarshan Saraogi, Saurabh Saraogi, Shradha Saraogi, Gunjal Saraogi and SL Commercial Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 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 Purposes 4.42 3 Issue Expenses 6.77 Total 61.19
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹310.67 Cr in the year ending 31 Mar 2023, decreasing to ₹280.59 Cr by 31 Mar 2024, and further declining to ₹273.07 Cr in the year ending 31 Mar 2025. This shows a downward trend in total income over the three periods.
Profit Trend
Profit after tax was ₹18.86 Cr in the year ending 31 Mar 2023, rising to ₹22.59 Cr by 31 Mar 2024, but then falling to ₹18.82 Cr in the year ending 31 Mar 2025. This indicates fluctuations in profitability across the periods.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of the IPO shares compared to the issue price. A positive GMP suggests strong demand, while a negative GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk appetite. It is important to consider the company's financial performance, market conditions, and individual investment strategy.
Who May Want to Wait
Investors who prefer stable and established companies might want to avoid this IPO, especially if they are not comfortable with the risks associated with smaller companies and the packaging sector.
IPO Timeline, Explained
The IPO opens for subscription on September 23, 2025, and closes on September 25, 2025. The allotment of shares will be done on September 26, 2025, with the listing expected on September 30, 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs see a surge in their stock price on the first day of trading, others may not perform as well. Factors influencing listing gains include market sentiment, demand for the shares, and overall market conditions.
This evaluation is generated from Ecoline Exim's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Ecoline Exim IPO?
The price band of Ecoline Exim IPO is ₹134.0–₹141.0 per share.
When does Ecoline Exim IPO open and close?
Ecoline Exim IPO opens on 23 September 2025 and closes on 25 September 2025.
When does Ecoline Exim IPO list on the stock exchange?
Ecoline Exim IPO listed on 30 September 2025 at ₹141.0.
What is the lot size for Ecoline Exim IPO?
The lot size for Ecoline Exim IPO is 1000 shares, requiring a minimum investment of ₹282,000 (2 lots).
What is the price band for the Ecoline Exim IPO?
The price band for the Ecoline Exim IPO is ₹134.0 to ₹141.0.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹282,000.
What is the lot size for the Ecoline Exim IPO?
The lot size for the Ecoline Exim IPO is 1000 shares.
When is the listing date for Ecoline Exim?
The listing date for Ecoline Exim is September 30, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO shares compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Sep 2025
Close
25 Sep 2025
Allotment
26 Sep 2025
Listing
30 Sep 2025
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