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Route Mobile IPO Details

Issue Open Sep 9, 2020
Issue Close Sep 11, 2020
IPO Price ₹350
Face Value ₹10
IPO Size ₹600.00 Cr
Listing At BSE, NSE
IPO Lot Size 40

Route Mobile IPO Date & Price

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

Route Mobile IPO timetable / schedule is as below:
  • Bid/Offer Opens On: Sep 9, 2020
  • Bid/Offer Closes On: Sep 11, 2020
  • Finalization of Basis of Allotment: Sep 16, 2020
  • Initiation of refunds: Sep 17, 2020
  • Credit of Equity Shares: Sep 18, 2020
  • Listing Date: Sep 21, 2020

Route Mobile IPO price is set at ₹350 per equity share.

Route Mobile IPO will close for subscription at 5 PM on Sep 11, 2020. But most brokers stop accepting application between 1 PM to 3 PM.

The Route Mobile IPO starts on Sep 9, 2020. The issue ends on Sep 11, 2020.

Route Mobile IPO Issue Size and Subscription Status

The Route Mobile IPO size is 17391303 Equity Shares of ₹10 aggregating up to ₹600.00 Cr.

Route Mobile Ltd is selling its shares to the public through an Initial Public Offer (IPO). Retail investors can apply online for Route Mobile IPO shares through the banks (using ASBA) or through the broker (using UPI).

Route Mobile IPO Offer Size

Qualified Institutional Buyers (QIB)3,478,259 Shares
Non-Institutional Investors (NII)2,608,696 Shares
Retail Individual Investor (RII)6,086,957 Shares
Employee Reservations0 Shares
Other Reservations0 Shares
Total Issue Size12,173,912 Shares

Route Mobile IPO IPO Subscription Status

Qualified Institutional Buyers (QIB)89.76 times times
Non-Institutional Investors (NII)192.81 times times
Retail Individual Investor (RII)12.67 times times
Employee Reservations times
Other Reservations times
Total Issue Size73.30 times times

Click here to check the Route Mobile IPO live subscription status.

If you have a demat account, most banks offer the online IPO application. You could also contact your broker to apply in Route Mobile IPO.

Zerodha, the largest stockbroker in India, offers an online IPO application. You can apply for an IPO online with Zerodha by visiting https://zerodha.com/ipo

You could check Route Mobile IPO Grey Market Premium (GMP Rate) by visiting our IPO Grey Market Price (Message Board). Note that there is no official source of GMP Rate as it's a black market.

Route Mobile IPO Allotment and Listing

The Route Mobile IPO allot status will be available online on Sep 16, 2020. Check the Route Mobile IPO Allotment Status here.

Click here to check Route Mobile IPO Allotment Status.

Route Mobile IPO listing Date is Sep 21, 2020. The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/ modify /cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session. The Route Mobile IPO listing date and time is published by the exchange in a circular.

Click here to view the Route Mobile IPO Basis of Allotment.

It is hard to say at what price Route Mobile IPO Shares will list. The price varies by the demand and supply of IPO shares on the day of listing.

The Route Mobile IPO shares will list on Sep 21, 2020 at BSE, NSE.

Route Mobile IPO - Should I apply?

Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.

Sorry, we do not provide IPO recommendations. But we share a lot of information about Route Mobile IPO which could help you with questions like Route Mobile IPO buy or not? You should also read Route Mobile IPO Analysis from experts and check the daily subscription status.

It actually depends on many factors. This includes company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, IPO Analysis from experts and follow the subscriptions.

Route Mobile IPO listing day gains are highly unpredictable as depends on many factors on the day listing. It depends on factors like the demand (IPO oversubscription), the market situation on the day of listing, Issue size etc.

Visit our IPO Performance Tracker to check the Route Mobile IPO performance. The performance reports are available 1 day after listing.

1 Comments

1. Riddhi Gupta  Sep 10, 2020 4:11:45 PM
Hello Me and my brother applied for 4 and 2 lots for Route mobile can i expect listing gains