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 DateSep 9, 2020 - Sep 11, 2020
Issue TypeBook Built Issue IPO
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)
Face Value₹10 per equity share
IPO Price₹345 to ₹350 per equity share
Market Lot40 Shares
Min Order Quantity40 Shares
Listing AtBSE, NSE

Route Mobile IPO Tentative Date / Timetable

Bid/Offer Opens OnSep 9, 2020
Bid/Offer Closes OnSep 11, 2020
Finalisation of Basis of AllotmentSep 16, 2020
Initiation of RefundsSep 17, 2020
Credit of Shares to Demat AcctSep 18, 2020
IPO Shares Listing DateSep 21, 2020

Route Mobile IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum140₹14,000
Maximum14560₹196,000

Route Mobile IPO Promoter Holding

Pre Issue Share Holding96%
Post Issue Share Holding66.33%

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)

Route Mobile IPO how much subscribed?

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

Route Mobile IPO Prospectus

Route Mobile IPO Rating

1781
4.0
Rating:Rated 4.0 stars

Vote Here ...

Route Mobile IPO Listing Date

Listing DateMonday, September 21, 2020
BSE Script Code543228
NSE SymbolROUTE
Listing InB
ISININE450U01017
IPO Price₹350 per equity share
Face Value₹10 per equity share

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 FAQs

  1. 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.

  2. 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.

  3. When Route Mobile IPO will open?

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

  4. 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.

  5. 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.

  6. 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.

  7. When is Route Mobile IPO listing date?

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

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Route Mobile IPO Review / Comments

IPO Mitr
613. IPO Mitr  Sep 21, 2020 14:03 I Like It. | I Don't Like It. | Report Abuse Reply
Seems like some big players held the market for some time to allow exit to large players in the IPO.
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 !!
Chem cho
612. Chem cho  Sep 21, 2020 12:42 I Like It. 1 | I Don't Like It. 5 | Report Abuse Reply
IPO Guru IPO Guru (1800+ Posts, 1800+ Likes)

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

now 676
holding 10 % stop loss 660 for today
RJ Rocks
612.1. RJ Rocks  Sep 21, 2020 13:20 I Like It. 1 | I Don't Like It. 1 | Report Abuse
chemcho sir,
i have been allotted 2 lots. what should be good strategy?
thanks in advance.
Chem cho
612.2. Chem cho  Sep 21, 2020 13:43 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1800+ Posts, 1800+ Likes)
book 40 % profit ie take out Rs 28000 to 30000

and hold life long
Owls eye
611. Owls eye  Sep 20, 2020 13:07 I Like It. 17 | I Don't Like It. 4 | Report Abuse Reply
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!!!!
jstm
611.7. jstm  Sep 21, 2020 10:18 I Like It. 2 | I Don't Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
💃🎵🎶🎹♩🎷🎸🎺🎻💃
techuser
611.8. techuser  Sep 21, 2020 13:11 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Absolutely spot on, @Owls eye!!
Alllllld
610. Alllllld  Sep 21, 2020 12:16 I Like It. | I Don't Like It. | Report Abuse Reply
Shall I hold or sell my LOT?
Due to some personal reason, I wasn't able to sell my lot @717 and currently rates 385. Is there any chances of a hike?
Vibhor Saxena
609. Vibhor Saxena  Sep 21, 2020 10:30 I Like It. 1 | I Don't Like It. | Report Abuse Reply
sold 1 lot at 730.75
another at 717
parmod gupta
609.1. parmod gupta  Sep 21, 2020 11:58 I Like It. | I Don't Like It. | Report Abuse
Same here
One lot sold 730
2nd lot sold 716
Manup
608. Manup  Sep 21, 2020 11:10 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
Sold @ 706 feel relaxed
No trade
607. No trade  Sep 21, 2020 10:41 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Bumper profit
SKGKOL
606. SKGKOL  Sep 21, 2020 10:33 I Like It. | I Don't Like It. | Report Abuse Reply
Sold 40 shares opening bell 717/-
sonal patel
605. sonal patel  Sep 21, 2020 07:22 I Like It. 12 | I Don't Like It. 5 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 2900+ Likes)
Listing range of route mobile
700 - 725 🙃🙃🙃
sonal patel
605.1. sonal patel  Sep 21, 2020 10:07 I Like It. 5 | I Don't Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 2900+ Likes)
Perfect listing as I predicted..
sonal patel
605.2. sonal patel  Sep 21, 2020 10:30 I Like It. 4 | I Don't Like It. 4 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 2900+ Likes)
congratulation who allotted and sell above 700 rs..
Umesh P Singh
604. Umesh P Singh  Sep 21, 2020 10:30 I Like It. | I Don't Like It. | Report Abuse Reply
I sold 40 shares at 730.
AhireR
603. AhireR  Sep 21, 2020 07:25 I Like It. 5 | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 600+ Likes)
it's a good morning to all of us..Since route mob gmp was on a continuous rise I am expecting it to open at more than 80% premium..
My listing estimate- 700+/- 20
jayant Vallabhdas Tank
603.6. jayant Vallabhdas Tank  Sep 21, 2020 09:55 I Like It. | I Don't Like It. | Report Abuse
sold at 708/- price
AhireR
603.7. AhireR  Sep 21, 2020 10:24 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 600+ Likes)
🎯🎯
After initial panic it went in our favour..
Sold alloted 2 lots at 717.
Splash
602. Splash  Sep 21, 2020 10:22 I Like It. 2 | I Don't Like It. | Report Abuse Reply
Bought 50 at 628. Adding on every dip
Default Investor
601. Default Investor  Sep 21, 2020 10:10 I Like It. 2 | I Don't Like It. | Report Abuse Reply
As per policy..


Booked profit @710 per share


Kyuki jo book ho gaya vo apna baki Moh Maya


Thanks to Chittorgarh.com Team ... Eagleye Mam.
Pragyan
601.1. Pragyan  Sep 21, 2020 10:20 I Like It. | I Don't Like It. | Report Abuse
New Member New Member
Sahi baat bole ho .. in IPO jyada moh maya achhi nahi he ..

Existed at avg 718.
Anil the beginer
600. Anil the beginer  Sep 21, 2020 10:15 I Like It. | I Don't Like It. | Report Abuse Reply
Sold 20 @ 710
My IPO application
599. My IPO application  Sep 21, 2020 10:14 I Like It. 1 | I Don't Like It. | Report Abuse Reply
I have sold @ 707
techuser
598. techuser  Sep 21, 2020 10:13 I Like It. | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Really happy about this great listing, was bit of disappointed for not allotment in Happiest, but it's all good now! Sold at @732!

Congrats to all allottees! Best luck to those who didn't get allotment in this one! Thanks to all experts for their constant contribution!
VALUE INVESTOR
597. VALUE INVESTOR  Sep 21, 2020 10:12 I Like It. | I Don't Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
within 12 mins 12% down
varun pathak
596. varun pathak  Sep 21, 2020 10:09 I Like It. | I Don't Like It. | Report Abuse Reply
Sold @731.25
ANKITMUMBAI
595. ANKITMUMBAI  Sep 21, 2020 10:08 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
Sold at 730
VALUE INVESTOR
594. VALUE INVESTOR  Sep 21, 2020 10:07 I Like It. | I Don't Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Heavy sellers may hit Rs 631







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