Route Mobile IPO Review

IPO Status: Listed [9th Sep 2020 to 11th Sep 2020]

Rated 4/5 by Team InvestorGain

Route Mobile IPO Details

IPO Issue Opening Date:	9th Sep 2020
IPO Issue Closing Date:	11th Sep 2020
IPO Issue Price:	₹345-350 Per Share
DRHP:	Download DRHP
RHP:	Download RHP
Anchor List:	Download Anchor List
IPO Listing At:	BSE, NSE
Retail Quota:	50
IPO Issue Type:	Book Build Issue
IPO Issue Size:	₹600 Cr
Offer for Sale:	1,02,85,714 shares at ₹350 (Aggregating to ₹360 Cr)
Fresh Issue:	68,57,142 Shares at ₹350 (Aggregating to ₹240 Cr)
Face Value:	₹10 Per Equity Share
IPO Discount:	NA
Promoter Holding Pre IPO:	96%
Promoter Holding Post IPO:	66.33%
Allotment Status:	Allotment Status
BSE Code:	543228
NSE Code:	ROUTE

Route Mobile IPO Important Dates

Get important updates regarding Route Mobile IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Route Mobile IPO dates
IPO Activity	Date
Basis of Allotment Date*	16th Sep 2020
Refunds Initiation*	17th Sep 2020
Credit of Shares to Demat*	18th Sep 2020
IPO Listing Date*	21st Sep 2020

* - Tentative Dates

Route Mobile IPO Lots

IPO Activity	Date
Issue Price	₹345-350
Market Lot:	40 Shares
1 Lot Amount:	₹14000
Min Small HNI Lots(2-10 Lakh):	600 shares(15 lots)
Min Big HNI Lots(10+ Lakh):

Route Mobile IPO GMP**

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Expected Listing Gain	Last Updated
20-09-2020	350	310	--	₹660 (88.57%)	20-Sep-2020 10:39

IPO Live GMP

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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Route Mobile

Route Mobile Limited IPO will open on 9th to 11th Sep 2020. The price band for IPO is ₹345-350, lot size 40 shares. Let’s get the complete review of Route Mobile business overview, IPO dates, Route Mobile IPO allotment, subscription, company financials, and other information.

Incorporated year: 2004

Offer for sale: ₹240 Cr

Fresh Issue: ₹350 Cr.

Website: https://www.routemobile.com/

About Route Mobile Ltd

Headquartered in Mumbai, Route Mobile is one of the leading cloud-communication platform providers, over-the-top (OTT) players, and mobile network operators (MNO). The company offers cloud communication services to various industries including banking and financial sector, retail, e-commerce, aviation, healthcare, hospitality, logistics, pharmaceuticals, telecom, media, and entertainment. Since its inception, company has expanded its product portfolio through adding innovative products, and currently, it offers a number of services i.e. messaging, SMS filtering, email, voice, analytics, and monetization.

The company has a client base of 23,000+ customers and some of them are Fortune Global 500 companies. It has an international market presence through its 8 direct and 7 step-down subsidiaries serving clients across Africa, Europe, the Middle East, Asia Pacific, North America, and others. In 2017, Route Mobile was ranked second global tier 1 application-to-peer service provider and also ranked 1^st for value-added services.

Route Mobile Business Verticals

Route Mobile operates in three key verticals that are listed below:

Enterprise and OTT: This vertical offers cloud-communication services i.e. A2P messaging, 2Way messaging, voice application services, Click2Call, outbound dialer, and others to enterprises.
Mobile Operator: Under this segment, Route Mobile offers software and service solutions i.e. SMS filtering, analytics, and monetization, etc.to various mobile operators all around the world.
Business Process Outsourcing: Under the BPO vertical, it provides voice, non-voice, and consulting services.

Route Mobile IPO Strengths

One of the leading cloud communication platform provider.
Diversified offerings including mobile network operator, BPO, and OTT.
Global presence through direct relationship with 230+ MNOs.
Large client base across industries.
Strong financial track record of Route Mobile.

Incorporation	Sector	IPO Issue Size	Website
NULL	NULL	₹600 Cr	https://www.routemobile.com/

Route Mobile IPO Objective

The key objectives of the Route Mobile IPO are listed below:

To invest in Route Mobile (UK) limited for repayment or prepayment of Loan taken from Deutsche Bank.
To make repayment or prepayment of the company’s existing loan liabilities.
To collect funds for the acquisition and strategic objectives.
To undertake investment in subsidiaries to buy office premises in Singapore and London.
To buy Business Process Outsourcing center in Noida.
To meet other general corporate purposes.

Route Mobile IPO Issue break-up

Issue break-up
Category	# of Shares	Upper end ₹ in Cr	%
QIB	85,71,427	300	50%
NIB	25,71,429	90	15%
Retail	60,00,000	210	35%
Total	1,71,42,856	600	100%

Route Mobile IPO Shareholding (No. of Shares)

Shareholding
.	Pre Issue	Post Issue
# of Shares	5,00,00,000	5,68,57,142

Route Mobile IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

Qualified Institutional Buyers: 3,478,259 Shares
Non-Institutional Investors: 2,608,696 Shares
Retail Individual Investor: 6,086,957 Shares

IPO Bidding Live Updates from BSE + NSE
Day		QIB	NII	RII	Total
	# of Shares Offered	3,478,259 (28.57%)	2,608,696 (21.43%)	6,086,957 (50%)	12,173,912
1	9th Sep 2020 17:02	0.01x	0.46x	1.80x	1.00x
2	10th Sep 2020 17:02	1.25x	2.04x	6.71x	4.15x
3	11th Sep 2020 17:02	89.76x	192.81x	12.67x	73.30x

Route Mobile financial
Route Mobile IPO Financials	31-Mar-2019	31-Mar-2018	31-Mar-2017
Total Assets	₹487.18 Cr	₹423.34 Cr	₹200.66 Cr
Total Revenue	₹852.38 Cr	₹509.49 Cr	₹464.83 Cr
Net Profit/Loss	₹55.47 Cr	₹47.33 Cr	₹60.70 Cr

Company Address

Route Mobile Limited
4th Dimension, 3rd Floor, Mind Space
Malad (West),Mumbai, Maharashtra-400 064
India
Website: https://www.routemobile.com/
Phone: +91 22 4033 7676
Email: [email protected]

Route Mobile IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: [email protected]

Route Mobile IPO Lead Manager

Route Mobile IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Route Mobile? Should I apply in Route Mobile IPO?

Last Updated on 22-Sep-2020 09:58:55

User Reviews

11. CA Sachin Sep 17 2020 09:51:58 AM Reply

Good Morning,

The allotment is due today. Will update on below link:
Link1
Link2
Link3
Link4

11.1. Rajan D Sep 17 2020 10:59:59 AM

1 out of 5 applications. disappointing allotment.

11.2. Chirag Sep 17 2020 12:37:45 PM

Received 1/2 application. GMP is around 200. Hope to get some good earning in this.....Thx team for updating GMP

10. Priyanka Jain Sep 12 2020 03:52:34 PM Reply

I have applied in Happiest Minda and Route Mobile IPO, Received email from BSE for Bid Details of IPO - ROUTE MOBILE LIMITED( ROUTE ), why not received such email for Happiest Mind ?

9. Jitendra Sep 09 2020 02:20:36 PM Reply

Zero subscription of Route Mobile ipo by QIBs till now.

9.1. Vinay Jain Sep 09 2020 11:06:20 PM

Qib always places bid on the last day after 1 PM. They usually take money on Interest and apply, so why to make 2 days interest extra.

9.2. Vinay Jain Sep 10 2020 03:28:30 PM

GMP is approx 170, issue with HDFC ASBA? What to do?

8. Narendra Shah Sep 09 2020 02:15:20 PM Reply

Unable to download online application form for Route Mobile IPO, tell me how to get the IPO form?

8.1. Team InvestorGain Sep 09 2020 02:17:09 PM

Visit the below link to get the Route Mobile IPO online application form;
https://www.investorgain.com/faq/how-to-download-online-application-form-for-route-mobile-ipo/9912/

7. Arnav Sep 04 2020 07:24:40 PM Reply

I am a retail investor; which IPO should I chose - Happiest Minds or Route Mobile IPO?

7.1. Team InvestorGain Sep 04 2020 07:27:30 PM

Although both these IPOs are considered good, however, looking to retail proportion available, Route Mobile is a better option because its retail proportion is 35% whereas Happiest Minds just has a 10% retail share so in case of oversubscription, there is a less chance of getting share allotment.

6. Rajesh Bhagat Aug 29 2020 12:24:39 PM Reply

Route Mobile IPO good or bad.

6.1. Vinay Jain Sep 03 2020 11:33:50 PM

GMP is 200+, so going to be good IPO

6.2. CA Sachin Dad Sep 04 2020 11:57:03 AM

Route Mobile Pre issue Promoter holding is 96%, after issue this will be 66.33% and retail holding will increase from 4% to 33.67%.

6.3. HS Sep 04 2020 07:22:12 PM

As it is a market leader in the cloud-communication market, therefore, can be a good IPO to be invested for.

5. Vinay Jain Sep 03 2020 11:32:24 PM Reply

ROUTE MOBILE IPO - Schedule (Tentative)

04th Sept - Announcement of Price Band
08th Sept - Anchor Investors Allotment
09th Sept - Offer Opens
11th Sept - Offer Closes
16th Sept - Finalisation of Basis of Allotment
17th Sept - Unblocking of ASBA Accounts
18th Sept - Credit of Equity Shares to Depository Accounts
21st Sept - Commencement of Trading

5.1. Vinay Jain Sep 03 2020 11:43:14 PM

ROUTE MOBILE IPO - Issue Information *(Tentative)*

Issue Opens on: 09 September 2020
Issue Closes on: 11 September 2020
Issue Type: Book Built Issue IPO
Issue Size: 1,71,42,856 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.345 - Rs.350 per Share *(Tentative)*
Discount: NIL
Market Lot: 42 Shares
Listing At: NSE, BSE

4. Dityesh Aug 29 2020 12:24:39 PM Reply

Please confirm Route Mobile IPO GMP (grey market premium) and kostak.

3. Rizvan Aug 29 2020 12:24:39 PM Reply

Route Mobile IPO whether to invest or not.

2. Parveen Sultana Aug 29 2020 12:24:39 PM Reply

Route Mobile IPO - CRISIL Rating, Apply or not?.