31 Mar 2023
Assets104.46
Total Income310.67
EBITDA30.57
Profit After Tax18.86
NET Worth49.11
Reserves and Surplus47.96
Total Borrowing42.47
At a glance
Updated 2026-09-10Ecoline Exim is a SME IPO with an issue size of ₹76.42 crore, proposed for listing on NSE SME. The offer opens on 23rd Sep 2025 and closes on 25th Sep 2025. The issue structure includes a fresh issue of ₹57.36 crore and an offer-for-sale component of ₹15.23 crore.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹76.42 Cr
Fresh issue₹57.36 Cr
Offer for sale₹15.23 Cr
Face value₹10
Price band₹134.00–₹141.00
Allotment26th Sep 2025
Listing30th Sep 2025
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹141.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens23rd Sep 2025
Closes25th Sep 2025
Allotment26th Sep 2025
Refund29th Sep 2025
Demat29th Sep 2025
Listing30th Sep 2025
Subscription demand
Full bidding ↗Total6.06×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2000 | ₹282,000 |
Company
Incorporated2008
Use of proceeds
| Object | Amount |
|---|---|
| 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 Cr |
| General Corporate Purposes | ₹4.42 Cr |
| Issue Expenses | ₹6.77 Cr |
| Total | ₹61.19 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue273.07₹ Cr · -2.7% vs prior year
EBITDA29.99₹ Cr · -11.6% vs prior year
PAT18.82₹ Cr · -16.7% vs prior year
Assets146.31₹ Cr · +13.7% vs prior year
Net Worth88.45₹ Cr · +23.4% vs prior year
Borrowing39.89₹ Cr · -11.0% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets128.72
Total Income280.59
EBITDA33.94
Profit After Tax22.59
NET Worth71.70
Reserves and Surplus70.54
Total Borrowing44.81
31 Mar 2025
Assets146.31
Total Income273.07
EBITDA29.99
Profit After Tax18.82
NET Worth88.45
Reserves and Surplus72.27
Total Borrowing39.89
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 23.51% |
| ROCE | 21.14% |
| Debt / Equity | 0.45% |
| RoNW | 21.28% |
| PAT Margin | 6.99% |
| EBITDA Margin | 11.14% |
| Price to Book Value | 2.58 |
Valuation & shareholding
Pre-IPO EPS11.64
Post-IPO EPS9.17
Pre-IPO P/E12.12
Post-IPO P/E15.37
Promoter holding pre100%
Promoter holding post73.58%
Market cap₹289.27 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Ecoline Exim IPO | — | 12.81 x | — | — |
| Dhaval Packaging IPO | — | 17.08 x | — | — |
| Utkal Speciality IPO | — | 17.63 x | — | — |
| RFBL Flexi IPO | — | 15.19 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| 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 Cr |
| General Corporate Purposes | ₹4.42 Cr |
| Issue Expenses | ₹6.77 Cr |
| Total | ₹61.19 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Hem Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-10.
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