Ecoline Exim Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹141
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,41,000
Issue Size
₹76.42 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
49.99%
NII Quota
15.01%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Ecoline Exim Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
73.58%
Issue Type
Book Building - SME
ISIN
INE0VBS01016
About the Company
Our Company is primarily engaged in manufacturing of wide range of sustainable packaging and promotional bags made out of cotton and jute. We are engaged in the export of these bags globally. During the Fiscal 2025, we exported our products to more than 27 countries. Our major export market is European Union, USA, Japan, and South East Asia and Mexico, etc. With the awakening of global market where more and more measures are being taken to reduce the use of plastics, we address to the alternate solution to use products which are sustainable, reusable and biodegradable, like bags made out of cotton or jute which are eco-friendly.
Industry Overview
The Global Shopping Bag market is expected to grow at a CAGR of 3.14% in terms of value to reach USD 23.168 Billion in 2033 from USD 17.580 Billion in 2024. The global shopping bag market has witnessed significant growth in recent years, driven by factors such as increasing consumer awareness about environmental sustainability, stringent government regulations on plastic usage, and growing demand for reusable and eco-friendly alternatives. Shopping bags, which are commonly used for packaging goods purchased from retail outlets, are available in various materials including plastic, paper, fabric, and jute. A shift towards sustainable solutions, spurred by environmental concerns, is shaping the trajectory of the shopping bag market, which is expected to grow steadily over the coming years.
Company History
Our Company was originally incorporated as a Private Limited Company under the name "Ecoline Exim Private Limited" on July 12, 2008 under the provisions of the Companies Act, 1956 with the Deputy Registrar of Companies, West Bengal with CIN: U51900WB2008PTC127429. Subsequently, our Company was converted into a Public Limited Company vide Special Resolution passed by the Shareholders at the Extraordinary General Meeting, held on July 01, 2024 and consequently the name of our Company was changed from "Ecoline Exim Private Limited" to "Ecoline Exim Limited" vide a fresh certificate of incorporation dated July 26, 2024, issued by the Assistant Registrar of Companies, Central Processing Centre bearing CIN: U51900WB2008PLC127429.
Products & Services
- The Company is primarily engaged in manufacturing of wide range of sustainable packaging and promotional bags made out of cotton and jute.
Growth Strategy
- Continue to expand our presence abroad and explore domestic market.
- Focus on Backward and forward Integration.
- Focus on consistently meeting quality standards and reduce operating costs to improve operational efficiencies.
- Enhance value addition in existing products and development of new products.
- Continue to focus on sustainability.
- Maintaining cordial relationship with our Suppliers, Customer and employees.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23, FY25 and FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 54,20,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Ecoline Exim Limited ("the Company" or "the Issuer") at an offer price of Rs. 141 per equity share for cash, aggregating up to Rs.76.42 crores ("Public Offer") comprising of a fresh issue of 43,40,000 equity shares aggregating to Rs. 61.19 crores (the "Fresh Issue") and an offer for sale of 10,80,000 equity shares by the promoter selling shareholders ("Offer for Sale") aggregating to Rs. 15.23 crores comprising; 2,50,000 equity shares aggregating up to Rs.3.53 crores by Sudarshan Saraogi; 2,50,000 equity shares aggregating up to Rs.3.53 crores by Saurabh Saraogi; 1,65,000 equity shares aggregating Rs.2.33 crores by Shradha Saraogi, 1,65,000 equity shares aggregating Rs. 2.33 crores by Gunjal Saraogi and 2,50,000 equity shares aggregating up to Rs.3.53 crores by S.L. Commercial Private Limited (Collectively Refferd as "Promoter Selling Shareholders") out of which 2,72,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs.141 per equity share for cash, aggregating Rs. 3.84 crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The public offer less market maker reservation portion i.e. offer of 51,48,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 141 per equity share for cash, aggregating upto Rs. 72.59 crores is herein after referred to as the "Net Offer". The public offer and net offer will constitute 26.42 % and 25.09 % respectively of the post- offer paid-up equity share capital of the company. Price Band: Rs. 141/- for equity share of face value of Rs. 10 each. The floor price is 14.10 times times the face value of the face value of the equity shares. Bids can made for a minimum of 1,000 equity shares and in multiples of 1,000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- The company is dependent on certain key customers for a substantial portion of its revenues. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations.
- The company does not have long term agreements for supply of its raw materials. If the company is unable to procure raw materials of the required quality and quantity, at competitive prices, its business, results of operations and financial condition may be adversely affected. Majority of the company raw materials are sourced from few key suppliers. Discontinuation of operations of such suppliers may adversely affect its ability to source raw materials at a competitive price.
- Its business is dependent on the company manufacturing facilities and its subject to certain related risks; Unplanned slowdowns, unscheduled shutdowns or prolonged disruptions in the company manufacturing operations could have an adverse effect on its business, results of operations, cash flows and financial condition.
- Its business is labour intensive and any unavailability or shortage of labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing hiring of labour may have an adverse impact on its cash flows and results of operations.
- The company plan to set up the proposed Factory V for manufacturing of bags along with additional weaving unit at Ahmedabad is subject to risks, including implementation delays, cost overruns, and substantial upfront capital expenditures before the company realize any benefits.