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Ecoline Exim IPO
Ecoline Exim Ltd
₹1,34,000 /1000 sharesMinimum Investment
Ecoline Exim IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 23 Sep ‘25 - 25 Sep ‘25 | ₹2,68,000 | 1,000 | ₹134 - ₹141 |
| Issue Size | IPO Doc |
|---|---|
| 76.42Cr | RHP PDF |
About Ecoline Exim
Founded in
2008
Managing director
Mr. Saurabh Saraogi
Parent organisation
Ecoline Exim Ltd
Strengths & Financials of Ecoline Exim
Strengths
Risks
Ecoline Exim claims to focus on a sustainable business model rooted in the environmental principles of reduce, reuse, and recycle. The company also claims to have installed effluent treatment plants (ETPs) at both of its West Bengal manufacturing units.
The company claims to have fully integrated in-house capabilities that cover all stages of production, from fabric cutting to final packaging.
The company operates two manufacturing facilities in West Bengal and one in Ahmedabad. It also claims these strategic locations place it close to key raw material sources, such as jute in eastern India, and key ports like Mundra, Haldia, and Kolkata.
The company claims to have a long-standing relationship with its customers. In FY25, it sold its products to 87 customers, and it has received repeat orders from around 41 customers during the last five years.
The company is ISO 9001:2015 certified for its quality management systems and ISO 14001:2015 certified for its environmental management systems.
A significant portion of the company’s purchases of raw materials comes from its top 10 suppliers. They accounted for 72.12 percent of the company’s total purchase of materials in FY25, 59.46 percent in FY24, and 58.53 percent in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances. In addition, the lack of long-term agreements with these suppliers increases the company’s exposure to pricing volatility.
The cost of materials consumed accounted for Rs 145.46 crore (54.02 percent) of the company’s revenue in FY25, Rs 156.51 crore (57.50 percent) in FY24, and Rs 170.32 crore (56.09 percent) in FY23. Any sudden increase in the price of such raw materials or inability to procure quality raw materials consistently can adversely affect the company’s results of operations.
The company outsources critical production steps like dyeing, printing, and stitching. Any quality issues, delays, or pricing changes by these third-party vendors could disrupt production, raise costs, and harm the brand’s reputation for reliability and quality.
A significant portion of the company’s revenue comes from its top five clients. They accounted for Rs 98.06 crore (38.61 percent) of the company’s revenue in FY25, Rs 128.07 crore (50.18 percent) in FY24, and Rs 135.16 crore (47.92 percent) in FY23. Any failure to retain these key customers, expand the customer base, or loss of business from these clients could adversely affect the company’s business and financial standing.
The company and its directors are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
The company’s core products, cotton and jute bags, are highly susceptible to changing fashion trends and consumer preferences. A delay in recognising or responding to these shifts could result in obsolete inventory and lost market share.
The company recorded negative cash flows from operating activities amounting to Rs 4.98 crore (standalone) in FY25. Additionally, negative cash flow from investing activities amounted to Rs 13.23 crore (consolidated) in FY24 and Rs 6.82 crore (consolidated) in FY23. The company also reported negative cash flow from financing activities amounting to Rs 6.99 crore (standalone) in FY25 and Rs 0.46 crore (consolidated) in FY23. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future.
The company is exposed to foreign currency fluctuation risks, which may impact its results of operations. As the business involves significant export transactions with foreign customers, revenue is denominated in foreign currencies such as the US dollar, euro, and pound. Any appreciation of the Indian rupee against these foreign currencies could negatively affect the export value of the company's products. While the company employs hedging strategies for foreign currency transactions, it remains fully exposed to currency exchange rate fluctuations, which could adversely affect financial results.
As of June 30, 2025, Ecoline Exim had an outstanding financial indebtedness of Rs 32.36 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.
Ecoline Exim Financials
*All values are in Rs. Cr
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Application Details of Ecoline Exim IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Individual investor | ₹134 - 141 | ₹2 - 5 Lakh |
For Ecoline Exim IPO, eligible investors can apply as Individual investor.