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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.
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 Size | 17,391,303 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 |
Share holding pre issue | 50,000,000 |
Share holding post issue | 56,857,142 |
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 Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 3,478,259 (28.57%) | NA |
NII (HNI) Shares Offered | 2,608,696 (21.43%) | |
Retail Shares Offered | 6,086,957 (50.00%) | 152,173 |
Total Shares Offered | 12,173,912 (100%) |
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 |
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 |
Sandipkumar Gupta and Rajdipkumar Gupta are the promoters of the company.
Share Holding Pre Issue | 96% |
Share Holding Post Issue | 66.33% |
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.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 |
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.
[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...
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
Category | Subscription (times) |
---|---|
QIB | 89.76 |
NII | 192.81 |
Retail | 12.67 |
Total | 73.30 |
The Percentage of Offer Size available for Allotment/allocation:
Listing Date | September 21, 2020 |
BSE Script Code | 543228 |
NSE Symbol | ROUTE |
ISIN | INE450U01017 |
Final Issue Price | ₹350 per share |
Price Details |
---|
Final Issue 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 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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
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.
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