Exim Routes IPO: From Lower Circuit Shock to Upper Circuit Triumph on Debut Day

• Exim Routes IPO listed on NSE SME at ₹110, providing a 25% listing gain to investors.
• Share price initially hit a high of ₹114.50, then dropped to the lower circuit of ₹104.50.
• Made a dramatic recovery from lows to hit the upper circuit at ₹115.50, ending with a 31.25% profit for IPO investors.
• The ₹43.73 crore IPO was subscribed over 15 times, with funds allocated for ERIS platform, office space, and working capital.
• Exim Routes, a global B2B platform for recycled paper, has shown consistent strong financial growth since its 2019 establishment.

Why It Matters: Exim Routes IPO saw a volatile debut, recovering from lower to upper circuit, ending with strong gains.