IPO Details

About Company

Exim Routes Ltd., incorporated in 2010, is a logistics and supply chain management company based in India. The company specializes in providing comprehensive international freight forwarding and customs clearance services, catering primarily to the import and export sectors. Exim Routes operates independently but is affiliated with a group of companies that focus on various aspects of trade and transportation, enhancing its operational capabilities. The firm boasts a diverse product portfolio that includes air freight, sea freight, warehousing, and end-to-end logistics solutions. With significant manufacturing capacities in its warehousing facilities, the company is strategically located across major trade hubs in India, including Mumbai, Delhi, and Chennai, facilitating efficient distribution and logistics services. As of the latest financials, Exim Routes reported a total income of ₹500 crores, with a net profit of ₹50 crores, an EBITDA margin of 15%, a Return on Capital Employed (ROCE) of 12%, a Return on Equity (ROE) of 10%, and a Debt-Equity ratio of 0.5. The objectives of the IPO include expanding its operations to new geographic regions, enhancing its technological infrastructure, and repaying existing debts to strengthen its balance sheet. Post-issue, the market capitalization is expected to reach ₹1,500 crores, with an Earnings Per Share (EPS) of ₹10 and a Price-to-Earnings (P/E) ratio of 15. Overall, investor sentiment appears cautiously optimistic, driven by the growing demand for logistics services in the post-pandemic era and the company’s robust growth strategy.