Exim Routes IPO, Dec. 12 -- The initial public offering (IPO) of Exim Routes, a B2B platform for paper mills, opened for public subscription on Friday, December 12, and will conclude on Tuesday, December 16. The SME IPO is entirely a fresh issue of 49.7 lakh shares of face value of Rs.5 each.

Ahead of the IPO, the company raised nearly Rs.12.42 crore from anchor investors by issuing 14,11,200 shares to four anchor investors at a bid price of Rs.88 per share.

The IPO is witnessing decent interest in the grey market as the latest grey market premium (GMP) of Exim Routes shares indicates the stock could list at a healthy premium of 10%.

According to grey market sources, the GMP of Exim Routes shares was Rs.9 on Friday morning. This indica...