Route Mobile IPO Review

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

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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 1st 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 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 Details

Route Mobile IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Route Mobile IPO Details
Route Mobile Issue Details Values
IPO Category Mainline
IPO Issue Type Book Built Issue IPO
IPO Issue Size 1,71,42,856 Eq Shares of ₹10 (aggregating up to ₹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 Issue Price ₹345-350
IPO Discount NA
Market Lot 40 Shares
Min Retail Qty 40 Shares (1 lot)
Max Retail Qty 560 Shares (14 lots)
Promoter Holding Pre IPO 96%
Promoter Holding Post IPO 66.33%
IPO Listing At BSE, NSE
BSE Code 543228
NSE Code ROUTE

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
  • Non-Institutional Investors: 2,608,696
  • Retail Individual Investor: 6,086,957
IPO Bidding Live Updates from BSE + NSE
DayDateQIBNIIRIITotal
  3,478,2592,608,6966,086,95712,173,912
19th Sep 2020 17:020.01x0.46x1.80x1.00x
210th Sep 2020 17:021.25x2.04x6.71x4.15x
311th Sep 2020 17:0289.76x192.81x12.67x73.30x

Route Mobile Financials for past 3 Years

Past performance and financial results of Route Mobile.

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

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.

Route Mobile IPO Threats/Weaknesses

  • Client concentration in a few regions such as Asia, Africa, and Europe.
  • Technology failure and delay can adversely affect business financials.
  • High competitive threat.
  • Risks of conflicting legal and regulatory requirements on the global front.

Route Mobile IPO Important Dates

In this section we have covered all important dates related to Route Mobile IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Route Mobile IPO important dates
IPO Activity Date
IPO Issue Open Date 9th Sep 2020
IPO Issue Close Date 11th Sep 2020
Basis of Allotment Finalisation Date* 16th Sep 2020
Refunds Initiation* 17th Sep 2020
Credit of Shares to Demat Account* 18th Sep 2020
IPO Listing Date* 21st Sep 2020

* - Tentative Dates

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  NRI Form ⇒

Route Mobile IPO Draft Prospectus >>Document

Route Mobile IPO Red Herring Prospectus >>Document

Route Mobile IPO Allotment Status >>Link

Company Address

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

Registrar

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32
Gachibowli, Financial District, Nanakramguda
Hyderabad 500 032
Telangana, India
Email: [email protected]
Website: http://www.karisma.karvy.com/

Lead Manager

  1. Motilal Oswal Investment Advisors Limited
  2. IDBI Capital Markets & Securities Limited
  3. YES Securities (India) Limited
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 2020-09-19T05:57:20+00:00

Route Mobile IPO FAQs

  1. 1. How to subscribe Route Mobile IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Route Mobile IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Route Mobile IPO with Zerodha.

    Alternate approch to apply in Route Mobile IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Route Mobile IPO Review and Important Updates

    Other relevant questions :

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  2. 2. How to apply in Route Mobile IPO online?

    Apply in Route Mobile IPO online

    To subscribe or apply in Route Mobile IPO, you can use the following methods:

    Route Mobile IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Route Mobile IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Route Mobile IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Route Mobile IPO. Most of the Syndicate Banks provide access to apply in Route Mobile IPO via ASBA process. You must have your net banking access, DP ID information to apply in Route Mobile IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Route Mobile IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Route Mobile IPO Review and Important Updates

    Other relevant question on same topics are:

    Where to subscribe Route Mobile IPO? Where to apply for Route Mobile IPO? How to subscribe Route Mobile IPO online? Route Mobile IPO where to apply? Where to buy Route Mobile IPO online? How to buy Route Mobile IPO online? How to purchase Route Mobile IPO? How to get Route Mobile IPO? How to book Route Mobile IPO? How to invest Route Mobile IPO? Route Mobile IPO kaise buy kare?

     

  3. 3. How to download online application form for Route Mobile IPO?

    Applying in Route Mobile IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Route Mobile IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Route Mobile IPO, please refer article >> Link

    Route Mobile IPO Review and Important Updates

    Steps to download the online application form for Route Mobile IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 40 and max 560 Shares (14 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

    How to fill Route Mobile IPO form? How to fill Route Mobile IPO form online? Route Mobile IPO online form? Route Mobile IPO online form fill up? Route Mobile IPO blank form download? Route Mobile IPO bid form? Route Mobile IPO full form? Route Mobile IPO form nse? Route Mobile IPO form bse? Route Mobile IPO form online? Route Mobile IPO form print? Route Mobile IPO application amount?

     

  4. 4. What is the listing date of Route Mobile IPO?

    Route Mobile IPO is going to be list on 21-09-2020. NSE Code for Route Mobile is ROUTE. BSE Code for Route Mobile is 543228.

    Other relevant questions:

    When Route Mobile IPO will be listing? Route Mobile IPO NSE listing date?Route Mobile IPO date of listing.Route Mobile IPO BSE listing date?

     

  5. 5. When Route Mobile IPO will be allocated?

    Route Mobile IPO Allotment Date is 16-09-2020.

    Other relevant questions:

    Route Mobile IPO share allotment date?Route Mobile IPO allotment date?

     

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User Comments

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11. CA Sachin  9/17/2020 9:51:58 AM Reply
Good Morning,

The allotment is due today. Will update on below link:
Link1
Link2
Link3
Link4
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11.1. Rajan D  9/17/2020 10:59:59 AM
1 out of 5 applications. disappointing allotment.
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11.2. Chirag  9/17/2020 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
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10. Priyanka Jain  9/12/2020 3:52:34 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 ?
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9. Jitendra  9/9/2020 2:20:36 PM Reply
Zero subscription of Route Mobile ipo by QIBs till now.
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9.1. Vinay Jain  9/9/2020 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.
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9.2. Vinay Jain  9/10/2020 3:28:30 PM
GMP is approx 170, issue with HDFC ASBA? What to do?
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8. Narendra Shah  9/9/2020 2:15:20 PM Reply
Unable to download online application form for Route Mobile IPO, tell me how to get the IPO form?
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8.1. Team TopShareBrokers  9/9/2020 2:17:09 PM
Visit the below link to get the Route Mobile IPO online application form;
https://www.topsharebrokers.com/faq/how-to-download-online-application-form-for-route-mobile-ipo/9912/
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7. Arnav  9/4/2020 7:24:40 PM Reply
I am a retail investor; which IPO should I chose - Happiest Minds or Route Mobile IPO?
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7.1. Team TopShareBrokers  9/4/2020 7:27:30 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.
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6. Rajesh Bhagat  8/29/2020 12:24:39 PM Reply
Route Mobile IPO good or bad.
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6.1. Vinay Jain  9/3/2020 11:33:50 PM
GMP is 200+, so going to be good IPO
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6.2. CA Sachin Dad  9/4/2020 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%.
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6.3. HS  9/4/2020 7:22:12 PM
As it is a market leader in the cloud-communication market, therefore, can be a good IPO to be invested for.
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5. Vinay Jain  9/3/2020 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
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5.1. Vinay Jain  9/3/2020 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
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4. Dityesh  8/29/2020 12:24:39 PM Reply
Please confirm Route Mobile IPO GMP (grey market premium) and kostak.
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3. Rizvan   8/29/2020 12:24:39 PM Reply
Route Mobile IPO whether to invest or not.
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2. Parveen Sultana  8/29/2020 12:24:39 PM Reply
Route Mobile IPO - CRISIL Rating, Apply or not?.

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