Monday, August 31, 2020

Route Mobile IPO Date, Review, Price Band, Form & Market Lot Details


Route Mobile IPO date is 09 September 2020 and closes on 11 September 2020. The company is based in Mumbai. They plan to raise around Rs 600 crore through through fresh issue and offer for sale. Leading cloud-communication platform service providers Route Mobile is incorporated in 2004, currently providing its services to clients through 19+ locations across Africa, Asia Pacific, Europe, Middle East and North America. The company has good name in best cloud-communication platform service providers to enterprises, over-the-top players and mobile network operators. The IPO offer comprises of a fresh issue of Rs 3500 million and an offer for sale by promoters up to 6,500,000 equity shares aggregating up to Rs. [*] crores (the fresh issue). IDBI Capital Market Services, Motilal Oswal Investment Advisors and Yes Securities are the lead managers for this IPO.  Route Mobile  has three major business verticals including Enterprise and OTT, Mobile operator, BPO and other services as well. Having a strong 24500+ client base, 800+ Network Operators and 7 Data Centers. The Route Mobile IPO date is not announced yet but her we have added tentative date. Check out Route Mobile IPO dates, price band, and market lot details.
 
Equity Shares outstanding prior to the Issue = 5,00,00,000 Shares
Fresh Issue of 68,57,142 Shares @350/- = Rs.240.00Crs
Offer for Sale of 1,02,85,714 Shares @350/- = Rs.360Crs
Equity Shares outstanding after the Issue = 5,68,57,142 Shares

Category-wise Break up:
Anchor – 51,42,857 Shares = 180.00Crs
QIB – 34,28,571 Shares = 120.00Crs
NII – 25,71,428 Shares = 90.00Crs
RII – 60,00,000 Shares = 210.00Crs (Lot size: 42 = 1,42,857 Forms)
Total Issue – 1,71,42,856 Shares = 600.00Crs.

Subscription required for 1X
RII = 1,42,857 Forms
NII = 90.00 Crs
 

Route Mobile IPO Date, Review, Price Band, Form & Market Lot Details


Route Mobile IPO Review:

  • Subscribe for Short Term and Long Term View

Brokerage Firm IPO Review:

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  • Ashika Research: Subscribe
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  • Choice Equity Broking: Subscribe
  • Dealmoney Securities: Subscribe
  • Hem Securities: Subscribe
  • Motilal Oswal: Subscribe
  • Religare: Subscribe for Long Term

Route Mobile IPO Dates & Price Band: (Tentative)

 IPO Open:  9 September 2020
 IPO Close:  11 September 2020
 IPO Size:  Approx 600 Crores (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
 Discount:  N/A

Route Mobile IPO Market Lot:

 Lot Size:  Minimum 40 Shares & Maximum 560 Shares
 Minimum Amount:  ₹14,000
 Maximum Amount:  ₹196,000

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

Route Mobile IPO Form:

How to apply the Route Mobile IPO? You can apply Route Mobile IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Route Mobile IPO in the Invest section. The other option you can apply Route Mobile  IPO via IPO forms download via NSE and BSE. Check out the Route Mobile IPO forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

Route Mobile Financial:

  ₹ in Crore

Revenue Expense PAT
2017 - - -
2018 510 453 49.50
2019 852 787 58.80
2020 968 884 74.80
2021 Q1 312 279 26.50

Company Promoters:

  • Sandipkumar Gupta 
  • Rajdipkumar Gupta

Quick Links:

DRHP Draft Prospectus
RHP Draft Prospectus

Route Mobile IPO Registrar:

KFintech Private Limited
Selenium Tower B, Plot 31-32
Gachibowli, Financial District, Nanakramguda
Hyderabad 500 032, Telangana, India
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@karvy.com
Investor grievance email: routemobile.ipo@karvy.com
Website: www.karisma.karvy.com
Contact Person: M Murali Krishna
SEBI Registration No: INR000000221

Note: Check Route Mobile IPO allotment status on KFintech website allotment URL. Click Here

Route Mobile IPO Lead Managers:

  • Motilal Oswal Investment Advisors Limited
  • IDBI Capital Markets & Securities Limited
  • YES Securities (India) Limited

Company Address:

ROUTE MOBILE LIMITED
Registered Office: 4th Dimension, 
3rd Floor, Mind Space, Malad (West), 
Mumbai 400 064, Maharashtra, India.
Contact Person: Pratik Joshi, 
Company Secretary and Compliance Officer, 
Telephone: +91 22 4033 7676; 
Fax: + 91 22 4033 7650
E-mail: investors@routemobile.com; 
Website: www.routemobile.com
Corporate Identity Number: U72900MH2004PLC146323
OUR PROMOTERS: SANDIPKUMAR GUPTA AND RAJDIPKUMAR 


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Route Mobile IPO FAQs:


When Route Mobile IPO will open for Anchor Investors?
The Anchor Investors bidding is on 08 September 2020.

When Route Mobile IPO will open for QIB, NII, and Retail?
The IPO to open on 09 September 2020 for QIB, NII, and Retail Investors.

What is Route Mobile IPO Investors Portion?
The investors' portion for QIB-50%, NII-15%, and Retail-35%.

How to Apply the Route Mobile IPO?
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.

What is Route Mobile IPO Allotment Date?
Route Mobile IPO allotment date is 16 September 2020. You can check IPO allotment here.

What is Route Mobile IPO Size?
Route Mobile IPO size is Rs 600 crore.

What is Route Mobile IPO Listing Date?
Route Mobile IPO listing date is 21 September 2020. The IPO to list on NSE and BSE.

Note: The IPO price band and dates will be added as it will be officially announced. The IPO grey market premium (IPO GMP) will be added on the grey market page as it will start)