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Route Mobile Ltd IPO (Route Mobile IPO) Detail

Sep 9, 2020 - Sep 11, 2020
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 Promoters:

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

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:

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 Details

IPO Opening Date Sep 9, 2020
IPO Closing Date Sep 11, 2020
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹345 to ₹350 per equity share
Market Lot 40 Shares
Min Order Quantity 40 Shares
Listing At BSE, NSE
Issue Size17,391,303 Eq Shares of ₹10
(aggregating up to ₹600.00 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹240.00 Cr)
Offer for Sale[.] Eq Shares of ₹10
(aggregating up to ₹360.00 Cr)

Route Mobile IPO Tentative Timetable

The Route Mobile IPO open date is Sep 9, 2020, and the close date is Sep 11, 2020. The issue may list on Sep 21, 2020.

IPO Open Date Sep 9, 2020
IPO Close Date Sep 11, 2020
Basis of Allotment Date Sep 16, 2020
Initiation of Refunds Sep 17, 2020
Credit of Shares to Demat Account Sep 18, 2020
IPO Listing Date Sep 21, 2020

Route Mobile IPO Lot Size

The Route Mobile IPO market lot size is 40 shares. A retail-individual investor can apply for up to 14 lots (560 shares or ₹196,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 40 ₹14,000
Maximum 14 560 ₹196,000

Route Mobile IPO Promoter Holding

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

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 Subscription Status (Bidding Detail)

The Route Mobile IPO is subscribed 73.30 times on Sep 11, 2020 17:00. The public issue subscribed 12.67 in the retail category, 89.76 in the QIB category, and 192.81 in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 1516451 times

CategorySubscription (times)
QIB

89.76

NII

192.81

RII

12.67

Total

73.30

Route Mobile IPO Prospectus

Route Mobile IPO Rating

1781
4.0
Rating:Rated 4.0 stars
Vote Here ...

Route Mobile IPO Listing Date

Listing Date Monday, September 21, 2020
BSE Script Code 543228
NSE Symbol ROUTE
Listing In B Group of Securities
ISIN INE450U01017
IPO Price ₹350 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹350.00
₹708.00
₹625.00
₹735.00
₹651.10
NSE
₹350.00
₹717.00
₹625.00
₹735.00
₹651.30

Company Contact Information

Route Mobile Ltd
4th Dimension, 3rd Floor
Mind Space, Malad (West)
Mumbai 400 064
Phone: +91 22 4033 7676
Email: investors@routemobile.com
Website: http://www.routemobile.com/

Route Mobile IPO Registrar

KFintech Private Limited

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

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 equity share. The minimum order quantity is 40 Shares.

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

KFintech Private 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 Sep 9, 2020 and closes on Sep 11, 2020.

Route Mobile IPO lot size is 40 Shares and the minimum order quantity is 40 Shares.

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

Route Mobile IPO Message Board

Ranked Members  Ranked Members

Loading...
637. SHANI |Nov 27, 2020 14:38
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Aniketaf sir , Please share your view on this ipo
636. Rafiq |Nov 13, 2020 17:36
Top Contributor Top Contributor (200+ Posts, 200+ 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 |Oct 29, 2020 16:40
HI FRIENDS MARK MY WORDS ROUTE MOBILE IS GOING ON WAY OF INDIA MART BEFORE TWO YEARS INDIA MART AT 1000 AND NOW IT IS 5000 SO JOURNEY IS START TOWARDS 5000
634. rsk |Oct 17, 2020 07:56
Top Contributor Top Contributor (300+ Posts, 200+ 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 |Oct 11, 2020 07:43
IPO Guru IPO Guru (2200+ Posts, 2200+ 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 |Oct 6, 2020 13:05
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

thanks
631. srabha |Oct 1, 2020 11:24
Can Route Mobile be bought at CMP - 800/-?
630. PANKAJ JAIN SAHEB |Sep 24, 2020 10:48
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 |Sep 24, 2020 12:51
Book Profit...
630.2. Shailendra Kumar Singh |Sep 29, 2020 15:29
Same with me, kindly write a email to co. registrar as well as complain to SEBI .
629. Pritt |Sep 28, 2020 16:50
I got allotment in route mobile ipo 1 lot but bank has not debit 14000 from bank account
628. Eagleye |Sep 21, 2020 17:03
IPO Guru IPO Guru (6000+ Posts, 20200+ Likes)
THE MOST RELIABLE
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 |Sep 27, 2020 12:46
Top Contributor Top Contributor (200+ Posts)
Thanks Madam for such useful information
627. Chem cho |Sep 21, 2020 12:42
IPO Guru IPO Guru (2200+ Posts, 2200+ Likes)

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

now 676
holding 10 % stop loss 660 for today
627.3. Chem cho |Sep 24, 2020 11:48
IPO Guru IPO Guru (2200+ Posts, 2200+ Likes)
I F you are whatt app fan ,

hold do not sell

target Rs 1000
627.4. vreddy |Sep 24, 2020 11:53
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 |Sep 20, 2020 13:07
Top Contributor Top Contributor (400+ Posts, 1400+ 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.

The Management should be rewarded of thier DECADES of HARDWORK and EXPERIANCE with MORE THAN DOUBLE LISTING DOUBLE LISTING AND DOUBLE LISTING! WE WANT TO SEE THE HAPPILY SMILE IN THE FACE OF MANAGEMENT WHILE PRESSING BELL ICON AT 9:45AM WITH DOUBLE LISTING DOUBLE LISTING AND DOUBLE LISTING

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 |Sep 23, 2020 11:35
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 |Sep 23, 2020 22:58
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 |Sep 23, 2020 15:18
Route mobile now 800+
What is the expected target. I hold from ipo
Should i book???
625.1. KAILASH SINGH BISHT |Sep 23, 2020 16:23
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 |Sep 23, 2020 13:37
New High
NSE 828.60
BSE 828.80

623. Regulagedda Ambica Prasad |Sep 21, 2020 15:47
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Bought at 650
623.3. jstm |Sep 21, 2020 17:24
IPO Guru IPO Guru (1100+ Posts, 2600+ Likes)
Trapped. 'll see new low tomorrow.
623.4. Roxpatel |Sep 23, 2020 12:29
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
@jstm, its opposite, its new high
622. Rajeev Kk |Sep 23, 2020 12:10
Route crossed 800. What a run
621. Rishabh ji |Sep 22, 2020 14:46
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 |Sep 22, 2020 12:52
Long term players should not be worried about the current price. Anything below 650 need to accumulate. Currently trading above 690
619. Maximizer |Sep 22, 2020 10:18
Admin!
Post yesterday's Closed Price of Route Mobile.
618. Desiinvestor???? |Sep 21, 2020 20:21
33 Lakh shares bought by Goldman Sachs group & Kuwait investment authority ???? Good news????????