Route Mobile IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 09 Sep 2020 - 11 Sep 2020
Issue Size ₹350.00 Cr
Issue Price ₹345 - 350
Market Lot 40 Shares
Shares on Offer 6,500,000
Registrar KFintech
GMP ₹125 - 130
Kostak ₹450
Subject to Sauda ₹5000 - 5500
Listing Date 21 Sep 2020
Listing Price ₹651.3
Listing Gain% 86.09

About Route Mobile Ltd

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.

Since its inception in 2004, Route Mobile has been enhancing mobile communications through technology upgrades and product innovations; meeting the needs of a diverse clientele across geographies. Our customizable, user-friendly, and effective solutions enable enterprises and mobile operators to deliver efficient services to their customers.

Route Mobile’s vision is to connect the world through mobile technology, helping customers, partners and employees prosper locally as well as globally.

Company Promoters

Sandip kumar Gupta and Rajdip kumar Gupta are the promoters of the company.

Objects of the Issue:

The objects of the offer are :

  1. Investment in Route Mobile (UK) Limited for repayment/prepayment of the loan availed from Deutsche Bank AG
  2. Repayment or pre-payment, in full or part, of certain existing loan facilities of the Company
  3. Acquisitions and other strategic initiatives
  4. Investment in Subsidiaries for purchase of office premises in London and Singapore
  5. Purchase of business process outsourcing center in Noida and general corporate purposes.

Company Financials

Particulars 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets (In ₹ Millions) 1,594.40 1,237.02 840.25
Total Revenue (In ₹ Millions) 1,987.59 2,071.21 1,926.33
Profit After Tax (PAT) (In ₹ Millions) 109.43 519.44 292.36

Route Mobile Ltd IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 09 Sep 0.01 0.46 1.80 1.00
Day 2 - 10 Sep 1.25 2.04 6.71 4.15
Day 3 - 11 Sep 89.76 192.81 12.67 73.30

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Route Mobile Ltd IPO FAQs

  1. When will Route Mobile Ltd IPO open?

    Route Mobile Ltd IPO will open on 09 Sep 2020 and close on 11 Sep 2020.

  2. What is the listing date of Route Mobile Ltd IPO?

    Route Mobile Ltd IPO will list on 21 Sep 2020.

  3. What is the offer price of Route Mobile Ltd IPO?

    The offer price of Route Mobile Ltd IPO is ₹345 - 350.

  4. What is the lot size of Route Mobile Ltd IPO?

    The lot size of Route Mobile Ltd IPO is 40.

  5. What is the Grey Market Premium (GMP) price of Route Mobile Ltd IPO?

    The Grey Market Premium (GMP) price of Route Mobile Ltd IPO is ₹125 - 130.

  6. What is the Kostak price of Route Mobile Ltd IPO?

    The Kostak price of Route Mobile Ltd IPO is ₹450.

  7. What is the Subject to Sauda price for Route Mobile Ltd IPO?

    The Subject to Sauda price for Route Mobile Ltd IPO is ₹5000 - 5500.

Route Mobile Ltd IPO Review/Comments

The GMP of this IPO has reduced drastically. Kindly update the new GMP

IPO Guru

*ROUTE MOBILE IPO* GMP 147 +/- 1 ♦️♦️♦️♦️ *HAPPIEST MINDS TECHNOLOGIES IPO* GMP 127 +/- 1 ♦️♦️♦️♦️ *UTI AMC IPO* GMP 60 +/- 2 *To join our WhatsApp group send your name and city on our WhatsApp number ********* Only WhatsApp

Eagleye

What is the product and services specific , client , peer co's , market capitaligation , p/E ratios , pl describe

Vinod

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