Biodegradable packaging and bags producer to list on NSE
Kolkata-headquartered global exporter, Ecoline Exim Limited, will use proceeds from the Initial Public Offering (IPO) to set up a new manufacturing unit in Ahmedabad and backward integration for existing operations, all of which is estimated to cost Rs.50 crore.
Ecoline serves customers like super markets, retail chains, wholesalers & promotional companies. Major export market is European Union, the US, Japan, and South East Asia and Mexico, among others http://commerce.gov.in.
The IPO opens on 23 Sept 2025 and closes 25 on Sept. It will be listed on NSE Emerge platform, said the manufacturer of sustainable, biodegradable packaging and promotional bags.
IPO details:
• Face value: Rs.10 per equity share | Price Band: Rs.134 to Rs.141 per share
• Issue size: 54,20,000 equity shares aggregating up to Rs.76.42 crore (at upper price band)
• Minimum application lot: 1,000 shares; Minimum application: 2 lots (2,000 shares)
The public issue consists of a Fresh Issue of 43,40,000 equity shares and an Offer for Sale of 10,80,000 equity shares by the promoter selling shareholders.
The issue is being managed by Hem Securities Limited as the Book Running Lead Manager, and MUFG Intime India Private Limited as the Registrar to the issue. The equity shares are proposed to be listed on NSE Emerge.
Allocation is as follows:
• Qualified Institutional Buyers (QIB): 25,73,000 shares
• Non-Institutional Investors (NII): 7,73,000 shares
• Retail Individual Investors (RII): 18,02,000 shares
• Market Makers (MM): 2,72,000 shares
Founded in 2008 and headquartered in Kolkata, Ecoline Exim Limited manufactures eco-friendly packaging and cotton bags catering to global market providing alternative to single use plastics https://www.bseindia.com/.
Company’s offerings include- Recycled, Organic, Fairtrade, Conventional cotton bags & jute bags including other made-up articles like aprons https://fieo.org/.
The company has 4 manufacturing units in Kolkata and Ahmedabad (2,17,000 sq.ft.) with an annual stitching capacity of 45.5 million bags.
It has a 100% export-oriented business model, serving 85+ clients across 27+ countries. The company is BSCI Audited (recognized by major European Supermarkets & retail chains.), and holds certifications under Global Recycled Standard and Organic Content Standard, along with 3 star export househttps://sbi.com.in/.
Ecoline Exim commands a 4.5% market share in the global cotton bag market (2024) and is among the key exporters of cotton bags worldwide.
Financial Highlights (FY25)
• Revenue: Rs.269.29 crore
• EBITDA: Rs.29.99 crore
• PAT: Rs.18.82 crore
• Net Worth: Rs.88.45 crore
• Order Book: Rs.88.10 crore (as on June 30, 2025). Fiinews.com
