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Route Mobile Ltd IPO (Route Mobile IPO) Detail

September 9, 2020 - September 11, 2020

Route Mobile IPO is a book built issue of Rs 600.00 crores. The issue is a combination of fresh issue of Rs 240.00 crores and offer for sale of Rs 360.00 crores.

Route Mobile IPO bidding started from September 9, 2020 and ended on September 11, 2020. The allotment for Route Mobile IPO was finalized on Wednesday, September 16, 2020. The shares got listed on BSE, NSE on September 21, 2020.

Route Mobile IPO price band is set at ₹345 to ₹350 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹14,000.

Axis Capital Limited, Edelweiss Financial Services Ltd, ICICI Securities Limited and Idbi Capital Market Services Limited are the book running lead managers of the Route Mobile IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Route Mobile IPO RHP for detailed information.

Route Mobile IPO Details

IPO Date September 9, 2020 to September 11, 2020
Listing Date September 21, 2020
Face Value ₹10 per share
Price Band ₹345 to ₹350 per share
Lot Size 40 Shares
Total Issue Size17,391,303 shares
(aggregating up to ₹600.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹240.00 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹360.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Route Mobile IPO Reservation

Route Mobile IPO offers 12,173,912 shares. 3,478,259 (28.57%) to QIB, 2,608,696 (21.43%) to NII, 6,086,957 (50.00%) to RII. 152,173 RIIs will receive minimum 40 shares and (sNII) and (bNII) will receive minimum 600 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,478,259 (28.57%)NA
NII (HNI) Shares Offered2,608,696 (21.43%)
Retail Shares Offered6,086,957 (50.00%)152,173
Total Shares Offered12,173,912 (100%)

Route Mobile IPO Timeline (Tentative Schedule)

Route Mobile IPO opens on September 9, 2020, and closes on September 11, 2020.

IPO Open Date Wednesday, September 9, 2020
IPO Close Date Friday, September 11, 2020
Basis of Allotment Wednesday, September 16, 2020
Initiation of Refunds Thursday, September 17, 2020
Credit of Shares to Demat Friday, September 18, 2020
Listing Date Monday, September 21, 2020
Cut-off time for UPI mandate confirmation 5 PM on September 11, 2020

Route Mobile IPO Lot Size

Investors can bid for a minimum of 40 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 40 ₹14,000
Retail (Max) 14 560 ₹196,000
Lot Size Calculator

Route Mobile IPO Promoter Holding

Sandipkumar Gupta and Rajdipkumar Gupta are the promoters of the company.

Share Holding Pre Issue 96%
Share Holding Post Issue 66.33%

About Route Mobile Ltd

Incorporated in 2004, Route Mobile Limited is among the leading Communications Platform as a Service (CPaaS) provider and a tier-one application-to-peer (A2P) service provider. Its enterprise communication services include new age solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. The company operates in 3 business verticals: 1. Enterprise: The Company provides a cloud-communication platform as a service to enterprises, over-the-top players, and mobile network operators around the world. 2. Mobile Operator: Services in this segment include SMS analytics, firewall, filtering, monetization, and hubbing solutions. 3. Business Process Outsourcing (BPO): The Company provides a range of BPO services including client support, technical support, booking, and collection services. The company's clients include some of the world's largest organizations, including several Fortune Global 500 companies.

Key Facts (As of June 2020):

- 318 Employees - 18 locations across Africa, Asia Pacific, Europe, the Middle East, and North America. - Served 30150+ clients globally - 2.5+ Billion Messages per month in fiscal 2020 - 31+ Billion Billable transactions in fiscal 2020 - 800+ Network Operators - 240+ Direct Connections or "Super Networks" - 6 Strategically Located Data Centers. - 4 Short Message Service Centers Competitive Strengths 1. Leading cloud communications service provider offering CPaaS. 2. Omnichannel Platform for easy campaign scheduling and reporting. 3. Easy to use the console to plan, deploy & monitor campaigns. 4. Global & Local customization expertise. 5. Consultative and Lean approach for better customer engagement.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Million)
30-June-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 6,348.31 6,265.48 5,057.81 4,473.66
Total Revenue 3,122.95 9,681.02 8,523.77 5,094.85
Profit After Tax 269.34 691.02 545.32 466.77

Objects of the Issue (Route Mobile IPO Objectives)

The company proposes to utilise the Net Proceeds towards funding the following objects:
1. Repayment or pre-payment, in full or part, of certain borrowings of our Company;
2. Acquisitions and other strategic initiatives;
3. Purchase of office premises in Mumbai; and
4. General corporate purposes.

Route Mobile IPO Review (Apply)

[Dilip Davda]  At sub 19 P/E issue appears reasonably priced. being the First Mover Company, it will generate investors' fancy post listing. This segment has entry barriers and this company is enjoying its leadership with niche place among its clients. Investors may consider investment for short to long term Read detail review...

Route Mobile IPO Subscription Status (Bidding Detail)

The Route Mobile IPO is subscribed 73.30 times on September 11, 2020 5:00:04 PM. The public issue subscribed 12.67 times in the retail category, 89.76 times in the QIB category, and 192.81 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 1516451 times

CategorySubscription (times)

Route Mobile IPO Offer Size by Investor Category

The Percentage of Offer Size available for Allotment/allocation:

  • QIBs: 50% (Rs 300 Cr)
  • Non-Institutional Investors: 15% (Rs 90 Cr)
  • Retail Individual Investors: 35% (Rs 210 Cr)

Risks to Investors in Route Mobile IPO

  • Operate in a highly evolving market.
  • Greater dependency on 3rd parties mobile network operations.
  • Revenues depend on a limited number of clients.
  • Rely on 3rd party technology systems and infrastructure to provide services and solutions to clients.
  • The risk from potential claims resulting from the client's misuse of its platform to send unauthorized text messages in violation of TRAI regulations.

Route Mobile IPO Prospectus

Route Mobile IPO Rating

Rating:Rated 4.0 stars
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Route Mobile IPO Listing Details

Listing Date September 21, 2020
BSE Script Code 543228
ISIN INE450U01017
Final Issue Price ₹350 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Route Mobile Ltd Contact Details

Route Mobile Ltd
4th Dimension, 3rd Floor
Mind Space, Malad (West)
Mumbai 400 064
Phone: +91 22 4033 7676

Route Mobile IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Route Mobile IPO FAQs

Route Mobile IPO is a main-board IPO of 17,391,303 equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. The issue is priced at ₹345 to ₹350 per share. The minimum order quantity is 40 Shares.

The IPO opens on September 9, 2020, and closes on September 11, 2020.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Route Mobile IPO using UPI as a payment gateway. Zerodha customers can apply in Route Mobile IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Route Mobile IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Route Mobile IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Route Mobile IPO opens on September 9, 2020 and closes on September 11, 2020.

Route Mobile IPO lot size is 40 Shares, and the minimum amount required is ₹14,000.

You can apply in Route Mobile IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Route Mobile IPO will be done on Wednesday, September 16, 2020, and the allotted shares will be credited to your demat account by Friday, September 18, 2020. Check the Route Mobile IPO allotment status.

The Route Mobile IPO listing date is on September 21, 2020.
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Route Mobile IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



637. SHANI |   Link |  Bookmark |November 27, 2020 2:38:58 PM (300+ Posts, 300+ Likes)
Aniketaf sir , Please share your view on this ipo
636. Rafiq |   Link |  Bookmark |November 13, 2020 5:36:58 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Greetings to all who applied for this, I took risk and applied for 1 Lot, Just y seeing fact that Mutual fund has taken this shares. Also I have told in this group that this will be great success. More risk more benefit.... I hope GMP will go 1000 by the time this will get listed
635. ASHISH PATEL |   Link |  Bookmark |October 29, 2020 4:40:05 PM
634. rsk |   Link |  Bookmark |October 17, 2020 7:56:48 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
OTP-based home delivery of LPG cylinders to start from November 1
As per the Delivery Authentication Code (DAC) system, oil companies will implement OTPs from November 1 for home delivery of gas cylinders. The move will help prevent theft and identify the actual customer

Should bring new business to Route
633. Chem cho |   Link |  Bookmark |October 11, 2020 7:43:03 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
From Rs 731 to Rs 481
even though markets are going up the stock is going down ,
unless it croess the hurdle of Rs 535 , we have to wait ,
you will have to wait for it to go up know
buying at lower levels is at present not advised
how ever you may consult your advisor
632. ARVIND BANSAL |   Link |  Bookmark |October 6, 2020 1:05:42 PM
dear experts
please suggest me
i have 300 share of vedanta.
vedanta ko delist karne ke liye company ne bye back offer nikala h jiski last date 09/10/2020 h, mujhe kitni price lagani chahiye?. my purchase rate 168 h

631. srabha |   Link |  Bookmark |October 1, 2020 11:24:35 AM
Can Route Mobile be bought at CMP - 800/-?
630. PANKAJ JAIN SAHEB |   Link |  Bookmark |September 24, 2020 10:48:48 AM
I applied Route Mobile IPO from Angel Broking App by upi Transferred. Amount Still block in my canara Bank SB Account. What to do???????????????
630.1. PANKAJ JAIN SAHEB |   Link |  Bookmark |September 24, 2020 12:51:09 PM
Book Profit...
630.2. Shailendra Kumar Singh |   Link |  Bookmark |September 29, 2020 3:29:45 PM
Same with me, kindly write a email to co. registrar as well as complain to SEBI .
629. Pritt |   Link |  Bookmark |September 28, 2020 4:50:55 PM
I got allotment in route mobile ipo 1 lot but bank has not debit 14000 from bank account
628. Eagleye |   Link |  Bookmark |September 21, 2020 5:03:17 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
List of Mainboard IPOs IN THE PIPELINE
(Status as on 20th September 2020)

A) DRHP Filed – SEBI Approval *Awaited*:

1) Kalyan Jewellers >>> DRHP date 24-Aug-20
2) Gland Pharma >>> DRHP date 10-July-20

B) SEBI Approval *Received* *(within the past 4 months)*:

1) Jaikumar Constructions >>> SEBI Approval 10-Sep-20
2) Likhitha Infrastructure >>> SEBI Approval 17-July-20
3) Barbeque Nation Hospitality >>> SEBI Approval 07-July-20
4) UTI Asset Management Company >>> SEBI Approval 16-Jun-20

C) SEBI Approval *Received* *(>4 months ago)*:

5) Stove Kraft >>> SEBI Approval 30-Apr-20
6) National Commodity & Derivatives Exchange >>> SEBI Approval 09-Apr-20
7) Esaf Small Finance Bank >>> SEBI Approval 20-Mar-20
8) Apeejay Surrendra Park Hotels >>> SEBI Approval 09-Mar-20
9) Equitas Small Finance Bank >>> SEBI Approval 28-Feb-20
10) Indian Railway Finance Corporation >>> SEBI Approval 25-Feb-20
11) Home First Finance Company India >>> SEBI Approval 25-Feb-20
12) Mukesh Trends Lifestyle >>> SEBI Approval 14-Feb-20

D) SEBI Approval *Received* *(>8 months ago)*:

13) Easy Trip Planners >>> SEBI Approval 31-Jan-20
14) Puranik Builders >>> SEBI Approval 31-Jan-20
15) Montecarlo >>> SEBI Approval 28-Jan-20
16) Burger King India >>> SEBI Approval 24-Jan-20
17) Shri Bajrang Power and Ispat >>> SEBI Approval 17-Jan-20
18) Mazagaon Dock Shipbuilders >>> SEBI Approval 13-Dec-19
19) Samhi Hotels >>> SEBI Approval 29-Nov-19
628.1. investormahesh |   Link |  Bookmark |September 27, 2020 12:46:57 PM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
Thanks Madam for such useful information
627. Chem cho |   Link |  Bookmark |September 21, 2020 12:42:39 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)

Brought between Rs 627 to 635
sold some at 688 to Rs 702

now 676
holding 10 % stop loss 660 for today
627.3. Chem cho |   Link |  Bookmark |September 24, 2020 11:48:02 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
I F you are whatt app fan ,

hold do not sell

target Rs 1000
627.4. vreddy |   Link |  Bookmark |September 24, 2020 11:53:36 AM
Chemco sir i got 2 lots in IPO 1 I sold at 700, holding one more lot now. What to do please suggest
626. Owls eye |   Link |  Bookmark |September 20, 2020 1:07:11 PM (500+ Posts, 1900+ Likes)
Dear Brothers and Sisters,

We are going to see Route Mobile Limited to settle at 735.5 at 9:45 AM on 21st September (Monday) 2020

Looking at the interest of Institutions and QIB as well as the Business Model of this Company, The future of the Company is looking Shining like Diomond!

The Efforts of the Management and the employees of this Company have made this Company Unique in thier Business Model.


This Company Deserve to Settle above 730, rest Everyone's Teacher Mr. Market is Supreme!

Happy Investing and Keep Your Patience always at All Time High.

This is My Analysis and may be wrong as we are humans.

Take the Print of this message and Affix on Your Wall!!!!
626.9. Haatu |   Link |  Bookmark |September 23, 2020 11:35:03 AM
Can u provide me any hint of any person or any area where i sud search for person , to whom i can sell applications @kostak
626.10. G J |   Link |  Bookmark |September 23, 2020 10:58:23 PM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
Great prediction.

One quick question,
What are your views for CAMS ?

And if you can take out bit more time, then same question for "Chemcon" and mainly "Angel".

Thank you.
625. prmarfatia |   Link |  Bookmark |September 23, 2020 3:18:26 PM
Route mobile now 800+
What is the expected target. I hold from ipo
Should i book???
625.1. KAILASH SINGH BISHT |   Link |  Bookmark |September 23, 2020 4:23:24 PM
Dnt think, it has good business prospects for the further future too. You can take out your capital and let the profit compound. This way your capital would be protected. If you were alloted one lot, then you can take out 14k and leave the rest for long term. I am doing the same.
624. No trade |   Link |  Bookmark |September 23, 2020 1:37:21 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
New High
NSE 828.60
BSE 828.80

623. Regulagedda Ambica Prasad |   Link |  Bookmark |September 21, 2020 3:47:08 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Bought at 650
623.3. jstm |   Link |  Bookmark |September 21, 2020 5:24:45 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
Trapped. 'll see new low tomorrow.
623.4. Roxpatel |   Link |  Bookmark |September 23, 2020 12:29:42 PM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
@jstm, its opposite, its new high
622. Rajeev Kk |   Link |  Bookmark |September 23, 2020 12:10:48 PM
Route crossed 800. What a run
621. Rishabh ji |   Link |  Bookmark |September 22, 2020 2:46:24 PM
14k still not debited from my pnb bank account towards route mobile allotment although i have sold its shares.. on transaction page it's showing transaction failed.. what will be consequences for this?
620. Rajeev Kk |   Link |  Bookmark |September 22, 2020 12:52:04 PM
Long term players should not be worried about the current price. Anything below 650 need to accumulate. Currently trading above 690
619. Maximizer |   Link |  Bookmark |September 22, 2020 10:18:39 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Post yesterday's Closed Price of Route Mobile.
618. Desiinvestor???? |   Link |  Bookmark |September 21, 2020 8:21:57 PM
33 Lakh shares bought by Goldman Sachs group & Kuwait investment authority ???? Good news????????