Ecoline Exim Ltd Logo

Ecoline Exim Ltd IPO

NSELot: 1600

LISTEDSME
Issue Price141
Listing140.85
Current132
Price Band
134 - ₹141
Lot Size
1,600
Issue Size
₹76.42 Cr
GMP
0
Subscription
0.69x

IPO Schedule

1
Open
23 Sept
2
Close
25 Sept
3
Allotment
26 Sept
4
Listing
30 Sept

About Ecoline Exim Ltd

Ecoline Exim Ltd is an SME engaged in the trading and distribution of various products, potentially including commodities or manufactured goods. The company likely operates within a specific niche market, focusing on import and export activities within that sector.

Subscription Status

QIB
1.45x
NII
0.55x
Retail
0.31x
CategoryDay 3Day 2Day 1
QIB9.51x2.20x1.45x
NII5.41x0.56x0.55x
Retail4.37x0.72x0.31x
Total6.06x1.11x0.69x

Risk Factors

SME IPOs can be more volatile and carry higher risk compared to mainboard IPOs due to lower liquidity and potentially less stringent regulatory oversight.
The trading and distribution sector is subject to economic cycles and fluctuations in commodity prices or demand, impacting profitability.
Small lot size (1600 shares) may make it difficult for retail investors to participate.

Promoters & Management

The key management team of Ecoline Exim Limited comprises experienced professionals with extensive knowledge of the bag manufacturing industry. Sudarshan Saraogi, the Chairman and Whole-Time Director, has over 26 years of experience and oversees product development, sales and marketing, administration, and quality control. Saurabh Saraogi, the Managing Director, has over 22 years of experience and manages procurement and supply chain, production, and financial operations. Shradha Saraogi and Gunjal Saraogi serve as Non-Executive Directors, contributing their expertise in sales and marketing, promotional activities, and CSR initiatives. Sonum Jain is the Company Secretary and Compliance Officer, responsible for corporate governance and secretarial compliances. Nitesh Agrawal is the Chief Financial Officer, overseeing day-to-day accounting, financing, banking, and taxation matters. Rajesh Kumar Jindal serves as the General Manager-Operations, managing manufacturing operations, logistics, and supply chain management. The management team's expertise and experience are instrumental in driving the company's growth, maintaining strong customer relationships, and ensuring operational efficiency. The company's management is supported by trained personnel and skilled workers who benefit from regular in-house training initiatives.