IPO Status: Closed [9th Sep 2020 to 11th Sep 2020]
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.
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:
The key objectives of the Route Mobile IPO are listed below:
|Category||# of Shares||Upper end ₹ in Cr||%|
|.||Pre Issue||Post Issue|
|# of Shares||5,00,00,000||5,68,57,142|
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 Issue Details||Values|
|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|
|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|
The table below is live update of IPO bidding details from NSE and BSE.
|3,478,259||2,608,696||6,086,957||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|
Past performance and financial results of Route Mobile.
|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|
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.
|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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Route Mobile IPO Draft Prospectus >>Document
Route Mobile IPO Red Herring Prospectus >>Document
Route Mobile IPO Allotment Status >>Link
Last Updated on 2020-09-19T05:57:20+00:00
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.
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To subscribe or apply in Route Mobile IPO, you can use the following methods:
|Route Mobile IPO Applying Mode||Method||Details|
|Online Application||3-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 Application||2-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.
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 Application||Physical 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.
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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
Steps to download the online application form for Route Mobile IPO
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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?