22 September 2025
3 mins read
Ecoline Exim Limited, incorporated in 2008, is a manufacturer and exporter of cotton and jute-based packaging and promotional bags. The company has steadily built a presence in international markets, exporting to more than 25 countries, including the European Union, the USA, Japan, Southeast Asia, and Mexico. Its operations function as an OEM, delivering packaging solutions to supermarkets, retail chains, wholesalers, and promotional companies. As of September 30, 2024, the firm had supplied products to 48 customers for functional requirements and 24 customers for promotional purposes, reflecting a diversified business base.
By December 2024, Ecoline Exim had secured an order book valued at Rs 9,744.37 lakhs for cotton and jute bags from around 60 customers. The company runs three manufacturing units—one in Ahmedabad, Gujarat, and two in West Bengal—with a workforce of 267 employees across locations. With rising global efforts to reduce plastic usage, Ecoline Exim positions itself as a provider of sustainable, reusable, and biodegradable alternatives.
For more details, visit the Ecoline Exim IPO page.
Details | Information |
IPO Date | September 23, 2025 to September 25, 2025 |
Issue Size | 54,20,000 shares (aggregating up to ₹76.42 Cr) |
Price Band | ₹134 to ₹141 per share |
Lot Size | 1000 shares |
Listing At | NSE SME |
Funding the capital expenditure towards the construction of the building, mechanical and electrical works and procurement of plant and machinery for setting up a new manufacturing facility at Ahmedabad (“Proposed Factory V”)
General Corporate Purpose
Event | Date |
|---|---|
IPO Open Date | Tue, Sep 23, 2025 |
IPO Close Date | Thu, Sep 25, 2025 |
Tentative Allotment | Fri, Sep 26, 2025 |
Initiation of Refunds | Mon, Sep 29, 2025 |
Credit of Shares to Demat | Mon, Sep 29, 2025 |
Tentative Listing Date | Tue, Sep 30, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 25, 2025 |
₹134 to ₹141 per share
Application | Lots | Shares | Amount |
ndividual investors (Retail) (Min) | 2 | 2,000 | ₹2,82,000 |
Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,82,000 |
S-HNI (Min) | 3 | 3,000 | ₹4,23,000 |
S-HNI (Max) | 7 | 7,000 | ₹9,87,000 |
B-HNI (Min) | 8 | 8,000 | ₹11,28,000 |
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Navigate to the IPO Section
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Select Ecoline Exim IPO
Find "Ecoline Exim IPO" and click on the ‘Apply’ button.
Enter Application Details
Specify the number of lots (minimum lot size: 1000 shares) and the bid price within the range of ₹134 to ₹141 per share.
Provide Your UPI ID
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Review and Submit
Verify all the details entered before submitting the application. Approve the UPI mandate before 5 PM on September 25, 2025, to complete your application process.
Additional Read- How to Apply for the Ecoline Exim IPO?
Total Assets: Grew from ₹104.46 crore in FY23 to ₹128.72 crore as of March 2024.
Total income: Reached ₹280.59 crore in FY24.
Profit After Tax (PAT): Stood at ₹22.59 crore for March 2024.
Net Worth: Recorded at ₹71.70 crore in FY24.
Total Borrowing: Recorded at ₹44.81 crore (March 2024), growing steadily over the years.
EBITDA: Stood at ₹33.94 crore in March 2024.
The company has shown consistent growth in its asset base, indicating steady expansion of operations.
Its income levels have advanced, reflecting an upward trend in business performance.
Profitability has remained stable, showcasing efficient management and operational strength.
Net worth has strengthened, pointing towards a sound financial position.
Borrowings have risen in a measured manner, supporting business growth while being managed carefully.
Operating performance has improved, underlining the company’s ability to generate healthy earnings from its core activities.
The company’s growth is closely tied to global demand for eco-friendly packaging, which may fluctuate with changes in consumer preferences and trade policies.
Rising competition in the sustainable packaging sector could affect pricing power and overall market share.
Increasing international focus on reducing plastic usage presents scope for higher demand for cotton and jute-based packaging solutions.
Expansion through a new manufacturing facility in Ahmedabad is likely to enhance production capacity and strengthen the company’s presence in both domestic and export markets.
KPI | Values |
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 |
Registrar | Lead Manager(s) |
|---|---|
MUFG Intime India Pvt.Ltd. | Hem Securities Ltd. |
Ecoline Exim Ltd.
8, G.C.
Ghosh Road
Kolkata
Kolkata, West Bengal, 700048
Phone: +91-89101-0025
Email: cs@ecoline.net.in
Website: https://ecoline.net.in/
The Ecoline Exim IPO provides insight into a company with established operations in the FMCG sector, a diverse product portfolio, and a distribution network across East India. The business has expanded its offerings over time to include both staple and emerging consumer categories.
The IPO is structured to fund working capital needs and general corporate purposes. Investors can review the company’s financial position, operational footprint, and market presence to understand its standing before considering participation.
Interested in more opportunities? Check out our Upcoming IPO section for new listings, and don’t forget to check your IPO allotment status for Ecoline Exim IPO.
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Ecoline Exim Ltd. does not appear to have a single Chief Executive Officer (CEO); instead, the company is led by Sudarshan Saraogi as the Chairman and Whole-Time Director, and Saurabh Saraogi as the Managing Director and Promoter. Both are co-founders and key figures in the company's management and operations.
The IPO will open for subscription on September 23, 2025, and close on September 25, 2025.
Ecoline Exim Limited manufactures cotton and jute-based packaging and promotional bags. The company exports its products to several global markets, aligning its operations with the demand for eco-friendly alternatives to plastic. The business model focuses on reusable and biodegradable packaging solutions, which are relevant in the context of regulatory and consumer-driven shifts towards sustainable products.
The issue size of the IPO is 54,20,000 shares, aggregating up to ₹76.42 crore.
Pre-apply is a facility that allows investors to submit their IPO applications before the official subscription period begins. Once the IPO opens, these applications are processed on a priority basis.
After submitting the IPO application, investors receive a confirmation from their broker or trading platform, and the UPI mandate approval acts as an acknowledgment that the order is placed.
The lot size for the IPO is 1,000 shares, and investors are required to apply for at least 2 lots (2,000 shares) as the minimum order.
The tentative date for allotment of shares is September 26, 2025.
The registrar of the IPO is MUFG Intime India Pvt. Ltd.
As per the available IPO documents, there are no reported governance concerns or structural red flags highlighted in relation to the company’s leadership or board.
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