Exim Routes SME IPO Subscription
ListedUpdated 19 December 2025, 9:15 AM IST· NSE SME
Exim Routes SME IPO subscription closed on 16 December 2025 at 15.30x overall by shares. QIB demand came in at 19.11x, NII at 22.78x, and retail at 9.94x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 17 December 2025. Listing date on NSE and BSE is 19 December 2025.
Exim Routes SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 12 Dec 2025 | 0.00x | 1.21x | 0.50x | 0.51x |
| Day 2 - 15 Dec 2025 | 0.00x | 2.64x | 1.13x | 1.13x |
| Day 3 - 16 Dec 2025 | 19.11x | 22.43x | 9.94x | 15.23x |
Exim Routes SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Exim Routes SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 9.94x | 1 in 10 |
| SHNI (Rs 2L to Rs 10L) | 11.96x | 1 in 12 |
| BHNI (above Rs 10L) | 9.65x | 1 in 10 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Exim Routes SME IPO Allotment Status page from 17 December 2025 for your result.
Exim Routes SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 88.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 8.28 Cr | Rs 158.20 Cr | 19.11x |
| FII | - | Rs 39.24 Cr | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 118.96 Cr | - |
| NII | Rs 6.25 Cr | Rs 142.39 Cr | 22.78x |
| bNII (above Rs 10L) | Rs 4.17 Cr | Rs 117.00 Cr | 28.07x |
| Corporate | - | Rs 9.94 Cr | - |
| Individual | - | Rs 105.60 Cr | - |
| Other | - | Rs 1.46 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 2.08 Cr | Rs 25.39 Cr | 12.18x |
| Corporate | - | Rs 76.03 L | - |
| Individual | - | Rs 24.37 Cr | - |
| Other | - | Rs 25.34 L | - |
| IND | Rs 14.59 Cr | Rs 144.97 Cr | 9.94x |
| Total | Rs 29.12 Cr | Rs 445.56 Cr | 15.30x |
Exim Routes SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 588 | 13 | 0.02x |
| FII | - | 6 | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 7 | - |
| NII | 148 | 1,541 | 10.41x |
| bNII (above Rs 10L) | 99 | 955 | 9.65x |
| Corporate | - | 53 | - |
| Individual | - | 889 | - |
| Other | - | 13 | - |
| sNII (Rs 2L to Rs 10L) | 49 | 586 | 11.96x |
| Corporate | - | 18 | - |
| Individual | - | 562 | - |
| Other | - | 6 | - |
| IND | 518 | 5,148 | 9.94x |
| Total | 1,254 | 6,702 | 5.34x |
What Do These Subscription Numbers Mean?
15.30x overall by shares means bids covered about 15 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 19.11x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (10.41x by applications). Split: SHNI 11.96x, BHNI 9.65x by applications. SHNI and BHNI allotment is by lottery.
At 9.94x subscription by applications, about 1 in 10 retail applicants may get allotment (~10% chance per application). Retail allotment is also by lottery.
Exim Routes SME IPO GMP After Subscription
GMP for Exim Routes SME stands at Rs 32.00 today, giving an estimated listing price of Rs 120.00 per share.
The GMP has moved up from Rs 6.00 on 10 Dec 2025 to Rs 18.00 on 17 Dec 2025.
A subscription of 15.30x combined with a GMP of 36.36% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Exim Routes SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Exim Routes SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 12 December 2025 |
| IPO Close Date | 16 December 2025 |
| Allotment Date | 17 December 2025 |
| Refund Initiation | 18 December 2025 |
| Share Credit to Demat | 18 December 2025 |
| Listing Date | 19 December 2025 |
| Minimum Investment | Rs 2,81,600.00 |
| Lot Size | 1600 shares |
About Exim Routes SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Exim Routes SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Exim Routes SME Details
Issue size, price, financials, and company info
Exim Routes SME GMP
Live grey market premium and listing estimate
Exim Routes SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Exim Routes SME Allotment
Allotment date, chances, and check by PAN
Exim Routes SME Review
SWOT, strengths, risks, and IPO review
Exim Routes SME FAQ
Common questions on dates, GMP, and allotment
Exim Routes SME Registrar
Registrar website and how to check allotment
Exim Routes SME Timeline
Open, close, allotment, and listing dates
Exim Routes SME News
Updates, blogs, and latest IPO news
Exim Routes SME IPO Subscription FAQs
What is Exim Routes SME IPO subscription status today?
Exim Routes SME IPO subscription closed on 16 December 2025 with overall subscription of 15.30x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 19.11x, NII 10.41x, IND 9.94x.
What is the overall subscription of Exim Routes SME IPO?
Exim Routes SME IPO is subscribed 15.30x overall by shares at close on 16 December 2025. QIB 19.11x, NII 10.41x, and IND 9.94x.
What is Exim Routes SME IPO QIB subscription?
Exim Routes SME IPO QIB (Qualified Institutional Buyers) subscription is 19.11x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Exim Routes SME IPO IND subscription?
Exim Routes SME IPO IND subscription is 9.94x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Exim Routes SME IPO NII, SHNI, and BHNI subscription?
Exim Routes SME IPO NII subscription is 10.41x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 11.96x and BHNI (above Rs 10L) at 9.65x.
What are Exim Routes SME IPO retail allotment chances?
At 9.94x subscription by applications, about 1 in 10 retail applicants may get allotment (~10% chance per application). Allotment is by lottery.
What are Exim Routes SME IPO SHNI allotment chances?
At 11.96x subscription by applications, about 1 in 12 SHNI applicants may get allotment (~8% chance per application). Allotment is by lottery.
What are Exim Routes SME IPO BHNI allotment chances?
At 9.65x subscription by applications, about 1 in 10 BHNI applicants may get allotment (~10% chance per application). Allotment is by lottery. Share subscription was 28.07x. Allotment chances use applications, not share volume.
When is Exim Routes SME IPO allotment date?
Exim Routes SME IPO allotment date is 17 December 2025. Check Exim Routes SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Exim Routes SME IPO subscription close?
Exim Routes SME IPO subscription closed on 16 December 2025. No new applications are accepted after the close.
What is Exim Routes SME IPO GMP today?
Exim Routes SME IPO GMP is ₹32 today (+36.36% over issue price ₹88). See live GMP on the Exim Routes SME IPO GMP Today page.
What is Exim Routes SME IPO issue price and lot size?
Exim Routes SME IPO issue price is ₹88 per share. Lot size is 1600 shares. Minimum investment is ₹2,81,600 per lot (minimum 2 lots for SME). Issue size: ₹41.54 Cr.
When is Exim Routes SME IPO listing date?
Exim Routes SME IPO listing date is 19 December 2025 on NSE and BSE. Allotment is on 17 December 2025.
How does subscription affect Exim Routes SME IPO allotment?
In Exim Routes SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 15.30x overall, competition is high.
For allotment results from 17 December 2025, visit the Exim Routes SME IPO Allotment Status page. For listing day updates on 19 December 2025, download the IPOwiz App.
Sources
We match Exim Routes SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.