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Jul 11, 2022 - Aug 29, 2022

Route Mobile Limited Buyback (Route Mobile Buyback) Detail

Incorporated in 2004, Route Mobile is one of the leading Cloud Communications Platform service providers offering Communication Platform as a Service (CPaaS) solutions. The company caters to enterprises, over-the-top (OTT) players, and mobile network operators (MNO). Route Mobile's portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics, and monetization.

The company offers products such as A2P messaging, 2-way messaging, WhatsApp, Google and Viber business message platforms, truecaller verified business identity solutions, mail2sms solutions, number lookup services, etc.

Route Mobile Buyback Detail

Issue PeriodJul 11, 2022 - Aug 29, 2022
Security NameRoute Mobile Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹120.00 Crores
Buyback Price₹1700 per share
Face Value₹10 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Crore)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 2,002.09 1,422.16 968.10
Profit After Tax 170.08 132.76 58.20
Net Worth 1,672.57 652.11 269.38
Reserves and Surplus 1,609.70 594.40 219.38

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2021 1920 1666 1770.14
Jan-2022 1935 1480 1778.2
Feb-2022 1886.6 1396 1632.06

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2021 1923.2 1663.25 1770.46
Jan-2022 1935.6 1480 1777.95
Feb-2022 1888.9 1396 1631.92

Necessity of the Issue

The buyback is being undertaken for the following reasons:

1. Utilise the available surplus funds, which are in excess of the surplus amount needed to be retained by the company for future growth over a medium term.

2. The Buyback would help in improving the return on equity, based on the consumption that the company would earn similar profits as in the past and increasing shareholder value in the long term.

Route Mobile Buyback Documents

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Company Contact Information

Route Mobile Limited
4th Dimension,
3rd Floor, Mind Space Malad (West),
Mumbai - 400 064,

Phone: +91 22 4033 7676/77
Email: info@routemobile.com
Website: https://routemobile.com/

Route Mobile Buyback Registrar

  1. KFin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: einward.ris@kfintech.com
    Website: https://karisma.kfintech.com/

Route Mobile Buyback Manager

Lead Manager(s)

  1. Edelweiss Financial Services Ltd

Registered Broker

  1. Edelweiss Securities Limited
    Email: instops@edelweissfin.com

Find Route Mobile Buyback Latest Update

Route Mobile Buyback FAQs

The Route Mobile Buyback opens on Jul 11, 2022, and closes on Aug 29, 2022.

The Route Mobile Buyback is a Open Market Through Stock Exchange.

Route Mobile Buyback Schedule

Buyback Opening DateJul 11, 2022
Buyback Closing DateAug 29, 2022
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The Route Mobile Buyback is being offered at Rs ₹1700 per share per equity share.

There is no ratio applicable in case of open market offer through stock exchange mechanism.

There is no concept of record date in case of open market through stock exchange mechanism.

The Route Mobile Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹120.00 Crores with pricing of Rs.₹1700 per share.

The buyback is being undertaken for the following reasons:

1. Utilise the available surplus funds, which are in excess of the surplus amount needed to be retained by the company for future growth over a medium term.

2. The Buyback would help in improving the return on equity, based on the consumption that the company would earn similar profits as in the past and increasing shareholder value in the long term.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

The Route Mobile Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.


2 Comments

2. Sree   I Like It. | Report Abuse |   Link | Aug 11, 2022 9:49:51 AM Reply
I use ICICI direct. I dont see buyback offer. what is the procedure to avail buyback offer?
1. Ajay   I Like It. | Report Abuse |   Link | Jul 11, 2022 9:37:08 AM Reply
Route mobile ka 2330 ma liya ta aab ya kab gay ga plese target batya