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 Review:
- Subscribe for Short Term and Long Term View
Brokerage Firm IPO Review:
- Angel Broking: Subscribe
- Ashika Research: Subscribe
- Capital Market: Subscribe
- 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|
- Sandipkumar Gupta
- Rajdipkumar Gupta
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
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
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
Corporate Identity Number: U72900MH2004PLC146323
OUR PROMOTERS: SANDIPKUMAR GUPTA AND RAJDIPKUMAR
Intraday Tips for Today
IPO Grey Market Premium
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? 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)