FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
IPO Status: Listed [9th Sep 2020 to 11th Sep 2020]
IPO Issue Opening Date: | 9th Sep 2020 |
IPO Issue Closing Date: | 11th Sep 2020 |
IPO Issue Price: | ₹345-350 Per Share |
DRHP: | Download DRHP |
RHP: | Download RHP |
Anchor List: | Download Anchor List |
IPO Listing At: | BSE, NSE |
Retail Quota: | 50 |
IPO Issue Type: | Book Build Issue |
IPO Issue Size: | ₹600 Cr |
Offer for Sale: | 1,02,85,714 shares at ₹350 (Aggregating to ₹360 Cr) |
Fresh Issue: | 68,57,142 Shares at ₹350 (Aggregating to ₹240 Cr) |
Face Value: | ₹10 Per Equity Share |
IPO Discount: | NA |
Promoter Holding Pre IPO: | 96% |
Promoter Holding Post IPO: | 66.33% |
Allotment Status: | Allotment Status |
BSE Code: | 543228 |
NSE Code: | ROUTE |
Get important updates regarding Route Mobile IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
IPO Activity | Date |
---|---|
Basis of Allotment Date* | 16th Sep 2020 |
Refunds Initiation* | 17th Sep 2020 |
Credit of Shares to Demat* | 18th Sep 2020 |
IPO Listing Date* | 21st Sep 2020 |
* - Tentative Dates
IPO Activity | Date |
---|---|
Issue Price | ₹345-350 |
Market Lot: | 40 Shares |
1 Lot Amount: | ₹14000 |
Min Small HNI Lots(2-10 Lakh): | 600 shares(15 lots) |
Min Big HNI Lots(10+ Lakh): |
GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
---|---|---|---|---|---|
20-09-2020 | 350 | 310 | -- | ₹660 (88.57%) | 20-Sep-2020 10:39 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Route Mobile Limited IPO will open on 9th to 11th Sep 2020. The price band for IPO is ₹345-350, lot size 40 shares. Let’s get the complete review of Route Mobile business overview, IPO dates, Route Mobile IPO allotment, subscription, company financials, and other information.
Incorporated year: 2004
Offer for sale: ₹240 Cr
Fresh Issue: ₹350 Cr.
Website: https://www.routemobile.com/
Headquartered in Mumbai, Route Mobile is one of the leading cloud-communication platform providers, over-the-top (OTT) players, and mobile network operators (MNO). The company offers cloud communication services to various industries including banking and financial sector, retail, e-commerce, aviation, healthcare, hospitality, logistics, pharmaceuticals, telecom, media, and entertainment. Since its inception, company has expanded its product portfolio through adding innovative products, and currently, it offers a number of services i.e. messaging, SMS filtering, email, voice, analytics, and monetization.
The company has a client base of 23,000+ customers and some of them are Fortune Global 500 companies. It has an international market presence through its 8 direct and 7 step-down subsidiaries serving clients across Africa, Europe, the Middle East, Asia Pacific, North America, and others. In 2017, Route Mobile was ranked second global tier 1 application-to-peer service provider and also ranked 1st for value-added services.
Route Mobile Business Verticals
Route Mobile operates in three key verticals that are listed below:
Incorporation | Sector | IPO Issue Size | Website |
NULL | NULL | ₹600 Cr | https://www.routemobile.com/ |
The key objectives of the Route Mobile IPO are listed below:
Category | # of Shares | Upper end ₹ in Cr | % |
---|---|---|---|
QIB | 85,71,427 | 300 | 50% |
NIB | 25,71,429 | 90 | 15% |
Retail | 60,00,000 | 210 | 35% |
Total | 1,71,42,856 | 600 | 100% |
. | Pre Issue | Post Issue |
---|---|---|
# of Shares | 5,00,00,000 | 5,68,57,142 |
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
Day | QIB | NII | RII | Total | |
---|---|---|---|---|---|
# of Shares Offered | 3,478,259 (28.57%) | 2,608,696 (21.43%) | 6,086,957 (50%) | 12,173,912 | |
1 | 9th Sep 2020 17:02 | 0.01x | 0.46x | 1.80x | 1.00x |
2 | 10th Sep 2020 17:02 | 1.25x | 2.04x | 6.71x | 4.15x |
3 | 11th Sep 2020 17:02 | 89.76x | 192.81x | 12.67x | 73.30x |
Route Mobile IPO Financials | 31-Mar-2019 | 31-Mar-2018 | 31-Mar-2017 |
---|---|---|---|
Total Assets | ₹487.18 Cr | ₹423.34 Cr | ₹200.66 Cr |
Total Revenue | ₹852.38 Cr | ₹509.49 Cr | ₹464.83 Cr |
Net Profit/Loss | ₹55.47 Cr | ₹47.33 Cr | ₹60.70 Cr |
Last Updated on 22-Sep-2020 09:58:55
The allotment is due today. Will update on below link:
Link1
Link2
Link3
Link4