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 (₹ 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 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

Route Mobile IPO Tentative Date / Timetable

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

Route Mobile IPO Lot Size and Price (Retail)

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% (₹300 Cr)
Non-Institutional Investors: 15% (₹90 Cr)
Retail Individual Investors: 35% (₹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)

Date	QIB	NII	RII	Total
Sep 11, 2020 17:00	89.76x	192.81x	12.67x	73.30x

Route Mobile IPO Prospectus

› Route Mobile IPO DRHP
› Route Mobile IPO RHP

Route Mobile IPO Rating

1781

4.0

Rating:

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Route Mobile IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹350.00
₹708.00
₹625.00
₹735.00
₹651.10
2,726,932

NSE
₹350.00
₹717.00
₹625.00
₹735.00
₹651.30
29,189,660

Route Mobile IPO Reviews / Ratings

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
   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 Lead Manager(s)

Lead Manager Reports

Route Mobile IPO FAQs

What is Route Mobile IPO?

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.
How to apply in Route Mobile IPO through Zerodha?
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.
When Route Mobile IPO will open?

The Route Mobile IPO opens on Sep 9, 2020 and closes on Sep 11, 2020.
What is the lot size of Route Mobile IPO?

Route Mobile IPO lot size is 40 Shares and the minimum order quantity is 40 Shares.
How to apply for Route Mobile IPO?

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.
When Route Mobile IPO allotment?

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.
When is Route Mobile IPO listing date?

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