Route Mobile IPO to hit the market on 09 September 2020 and closes on 11 September 2020. This is the 2nd IPO in September month and it looks great as well with the GMP is going superbly. The things are looking positive for primary market as companies are coming with IPOs. When look at the market estimates the IPO might be subscribed over 350 times in HNI and over 8-10 times in retail. Let’s see how it will come up. Check
Route Mobile IPO GMP day by day.
Latest Update: Route Mobile IPO subscribed 73.30x times, QIB 89.76x, HNI 192.81x and RII 12.67x times overall.
Route Mobile IPO Subscription Numbers
(Over Subscribed)
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.01x | 1.25x | 89.76x |
| HNI | 0.46x | 2.04x | 192.81x |
| RII | 1.80x | 6.71x | 12.67x |
| EMP | N/A | N/A | N/A |
| Total | 1.00x | 4.15x | 73.30x |
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 |
