Exim Routes IPO Subscribed 14x; Ashwini, Stanbik Issues Sail Through on Final Day

• Exim Routes' IPO was oversubscribed 14.23 times, receiving bids for 50.6 million shares against an offer of 3.558 million.
• Ashwini Container Movers' IPO was subscribed 1.66 times, and Stanbik Agro's IPO 1.46 times.
• All three public issues closed bidding on December 16, with share allotment by December 17 and trading effective December 19.
• Gurugram-based Exim Routes aims to raise Rs 437.3 million for its ERIS platform, working capital, and office expansion.
• Ashwini Container Movers seeks Rs 710 million for debt repayment and truck purchases, while Stanbik Agro raises Rs 123 million for retail network expansion.

Why It Matters: Three IPOs, Exim Routes, Ashwini Container Movers, and Stanbik Agro, successfully closed bidding.