Route Mobile IPO Review, Dates, Price Bands, Market Lot, Route Mobile IPO Grey Market Price Details
The Rs 600 crore Route Mobile initial public offer (IPO) is all set to hit the primary market on Wednesday. The omnichannel cloud communication service provider has fixed the price band for the issue at Rs 345-Rs 350 per share. At the higher end of the price band, the company is seeking 25.3 times PE on FY20 basis.
The issue would comprise of a fresh issue of up to Rs 240 crore. In addition, existing promoters would offer shares aggregating up to Rs 360 crore in an offer for sale (OFS). This would include shares of up to Rs 180 crore by Sandipkumar Gupta and up to Rs 180 crore by Rajdipkumar Gupta.
Investors could bid for a minimum bid lot of 40 shares and in multiples of 40 shares, thereafter. The issue will close on September 11, Friday.
About Route Mobile
Route Mobile is a leading Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). Our range of enterprise communication services includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization.
Route Mobile IPO – Issue Details:
| Issuer | Route Mobile | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: Sep 9, 2020 | |
| Issue Closes: Sep 11, 2020 | ||
| Price Brand | ₹345 to ₹350 per equity share | |
| Issue Size | ₹600 Cr | |
| Face Value | Rs.2 per Equity Share | |
| Market Lot | 40 Shares and in multiples thereof | |
| Maximum Bid amount for Retail | Rs. 2 Lakhs | |
| QIB | 50% of the issue size | |
| NIB | 15% of the issue size | |
| Retail Individual Bidders | 35% of the issue size | |
| Fresh Issue | ₹240.00 Cr | |
| Offer for Sale | ₹360 Cr | |
| Listing at | NSE & BSE | |
| Registrar | KFin Technologies Private Limited | |
| Book Running Lead Managers | ||
| Grey Market Price | Route Mobile IPO Grey Market Premium | |
| Upcoming IPO 2020 | Upcoming NCD 2020 |
Route Mobile IPO Listing Gain
Route Mobile IPO GMP Today
Route Mobile IPO Dates & Price Band
| IPO Open: | 09 September 2020 |
| IPO Close: | 11 September 2020 |
| IPO Size: | Approx ₹600 Crore (Approx) |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹345-₹350 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | 1,71,42,856 Shares |
Route Mobile IPO Market Lot:
| Lot Size: | Minimum 40 Shares & Maximum 560 Shares |
| Minimum Amount: | ₹14,000 |
| Maximum Amount: | ₹1,96,000 |
Route Mobile IPO Allotment & Listing:
| Basis of Allotment: | 16 September 2020 |
| Refunds: | 17 September 2020 |
| Credit to Demat Account: | 18 September 2020 |
| Listing Date: | 21 September 2020 |
Objects of the Issue:
The company proposes to utilise the Net Proceeds towards funding the following objects: 1. Repayment or pre-payment, in full or part, of certain borrowings of our Company; 2. Acquisitions and other strategic initiatives; 3. Purchase of office premises in Mumbai; and 4. General corporate purposes.
Route Mobile Financial
Company Financials:
| Particulars | For the year/period ended (₹ in Million) | ||||
|---|---|---|---|---|---|
| 30-June-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 6,348.31 | 6,265.48 | 5,057.81 | 4,473.66 | |
| Total Revenue | 3,122.95 | 9,681.02 | 8,523.77 | 5,094.85 | |
| Profit After Tax | 269.34 | 691.02 | 545.32 | 466.77 | |
Route Mobile IPO Review:
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How to Apply for Route Mobile IPO?
If you have a Demat account, most banks offer the online IPO application. You can also contact the broker to apply for in route mobile IPO? Most banks including the SBI bank, ICICI Bank, Axis, and Kotak bank allow the customer to apply in IPO using the Demat account.
- How to Apply Route Mobile IPO Through ASBA?
- How to Apply Route Mobile IPO through Zerodha KITE Using UPI?
- How to Apply Route Mobile IPO through SBI Net Banking?
- How to Apply Route Mobile IPO through HDFC Netbanking?
How to Apply Route Mobile IPO With Kotak Internet banking?
Route Mobile IPO Registrar:
| Company Contact Info: |
|---|
| Route Mobile Limited 4th Dimension, 3rd Floor, Mind Space, Malad (West), Mumbai 400 064 Phone: +91 22 4033 7676 Email: investors@routemobile.com Website: www.routemobile.com |
| What is IPO? | आईपीओ क्या हैं? आईपीओ का फुल फॉर्म क्या है? |
| Check IPO Allotment Status: |
|---|
KfinTech Website (Click on the below Link)http://kfintech/IPO/Allotment_Status |
| Upcoming IPO in India 2020 | How to Invest in Share Market? |
| Best Stock Trading Apps 2020 | What are NIFTY and SENSEX? |
| Grey Market Premium of IPO | Intraday Trading Basics |
Final Words
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Route Mobile IPO FAQs
The Route Mobile IPO opens on Sep 9, 2020 and closes on Sep 11, 2020.
Route Mobile IPO listing date is 21 September 2020. The IPO to list on NSE and BSE.
Route Mobile IPO allotment date is 14 September 2020. You can check IPO allotment here.
You can apply Route Mobile IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Steps to apply in Route Mobile IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Route Mobile IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
- Visit Zerodha IPO Application Process for more detail.