New Delhi, Dec. 19 -- Exim Routes share price saw a strong debut on the NSE SME on Friday, December 19. Exim Routes shares opened at Rs.110, up 25% from its issue price of Rs.88. The SME stock extended its gains and jumped to its upper circuit of Rs.115.50, up over 31% with respect to the issue price. However, the stock's bumper debut failed to meet market expectations as the last grey market premium (GMP) of Exim Routes shares indicated the stock could list at a 36% premium.

Exim Routes operates as a global platform for the exchange of recyclable paper product materials, providing end-to-end services to Indian paper mills, ranging from sourcing and procurement of waste paper to quality assurance and logistics of waste paper to mills.

T...