Ecoline Exim Limited, engaged in the manufacturing of sustainable, biodegradable packaging and promotional bags, has announced the launch of its Initial Public Offering (IPO) on the NSE Emerge platform. The IPO will open on September 23, 2025 and close on September 25, 2025, with a price band of 134 to 141 per equity share of face value 10 each. 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, aggregating to 76.42 crore at the upper price band.
The issue is being managed by Hem Securities Limited as the Book Running Lead Manager and MUFG In time 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.
Serves customers like super markets, retail chains, wholesalers & promotional companies. Major export market is European Union, USA, Japan, and South East Asia and Mexico, etc. Leadership: SudarshanSaraogi: With experience of 26 years in the industry, he looks after product development & Sales and Marketing. SaurabhSaraogi: With experience of 22 years in the industry, he looks after financial operations, & supply chain. ShradhaSaraogi: She has an overall experience of around 12 years in the sales and marketing and export operations currently involved in the product designing and client interaction of the company. GunjalSaraogi: 8 years of experience , looks after CSR activities.