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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 Subscription Status Live

Route Mobile IPO subscribed 73.30 times. The public issue subscribed 12.67 times in the retail category, 89.76 times in QIB, and 192.81 times in the NII category by Sep 11, 2020.

Application Wise IPO Subscription (Retail): 1516451 times

Investor CategorySubscription (times)
Qualified Institutions89.76
Non-Institutional Buyers192.81
Retail Investors12.67
Employees[.]
Others[.]
Total73.30

Route Mobile IPO Subscription Details (times)

DateQIBNIIRetailTotal

Day 1
Sep 9, 2020

0.01

0.46

1.80

1.00

Day 2
Sep 10, 2020

1.25

2.04

6.71

4.15

Day 3
Sep 11, 2020

89.76

192.81

12.67

73.30


Route Mobile IPO Shares Offered

Route Mobile IPO is a public issue of 12,173,912 equity shares. The issue offers 6,086,957 shares to retail investors, 3,478,259 shares to qualified institutional buyers, and 2,608,696 shares to non-institutional investors.

CategoryShares Offered%
QIB3,478,25928.57%
NII2,608,69621.43%
Retail6,086,95750.00%
Total12,173,912100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

Route Mobile IPO Subscription FAQs

The Route Mobile IPO is subscribed 73.30 by Sep 11, 2020.

Route Mobile IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional89.76
Non Institutional192.81
Retail Individual12.67
Employee Reservations[.]
Others[.]
Total Subscription73.30

Retail category of Route Mobile IPO subscribed 12.67 times as of date Sep 11, 2020. The public issue closes on Sep 11, 2020 for bidding.

An investor can apply in Route Mobile IPO online via bank (using ASBA) or the broker (using UPI). The Route Mobile IPO shares are offered online only.

The Route Mobile IPO is subscribed 73.30 by Sep 11, 2020.

The Route Mobile IPO allotment status is expected on or around Sep 16, 2020. Visit Route Mobile IPO allotment status to check.

The Route Mobile IPO listing date is Monday, September 21, 2020. The equity share of Route Mobile Ltd will list on BSE, NSE.

Visit Route Mobile IPO subscription status page for real-time bidding information about Route Mobile IPO.

Route Mobile IPO Timetable

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

4 Comments

4. shanmaheshwari  Sep 17, 2020 21:30
3/5 ROOT MOBILE .FEELING LUCKY
3. Ankitkumarv  Sep 15, 2020 12:33
Rml ka gmp Kya chal raha hai ? Happiest to nahi laga .
2. Rajendra Prasad  Sep 11, 2020 12:13
is this IPO Good to subscribe?
2.1. IPO Jackpot  Sep 11, 2020 16:18
Good but it is closed for subscription now.
1. Rajendra Prasad  Sep 11, 2020 12:13
is this IPO good to subscribe?