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):
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.
Sandipkumar Gupta and Rajdipkumar Gupta are the promoters of the company.
| Particulars | For the year/period ended (₹ 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 | |
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.
| IPO Date | Sep 9, 2020 - Sep 11, 2020 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 17,391,303 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) |
| 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 |
| Bid/Offer Opens On | Sep 9, 2020 |
| Bid/Offer Closes On | Sep 11, 2020 |
| Finalisation of Basis of Allotment | Sep 16, 2020 |
| Initiation of Refunds | Sep 17, 2020 |
| Credit of Shares to Demat Acct | Sep 18, 2020 |
| IPO Shares Listing Date | Sep 21, 2020 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 40 | ₹14,000 |
| Maximum | 14 | 560 | ₹196,000 |
| Pre Issue Share Holding | 96% |
| Post Issue Share Holding | 66.33% |
The Percentage of Offer Size available for Allotment/allocation:
No. of Times Issue Subscribed (BSE + NSE) | ||||
|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Total |
Shares Offered | 3,478,259 | 2,608,696 | 6,086,957 | 12,173,912 |
Sep 11, 2020 17:00 | 89.76x | 192.81x | 12.67x | 73.30x |
| Listing Date | Monday, September 21, 2020 |
| BSE Script Code | 543228 |
| NSE Symbol | ROUTE |
| Listing In | B |
| ISIN | INE450U01017 |
| IPO Price | ₹350 per equity share |
| Face Value | ₹10 per equity share |
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/
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032.
Phone: 1-800-3454001
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
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
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.
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The way market fell after 12:30 pm, it appears that retail investors had a narrow escape in this IPO as most of them should have already exit by now.
Cheers !! Enjoy the heist ...this time quite bountiful !!