Route Mobile was established in 2004 . Currently, it is having head office in Maharshtra. Route Mobile works in the sector of Company doing business in Telecommunication Sector. . Route Mobile has experience of Board of Directors& Executive officers are well experienced in various faculty. .
Route Mobile offers cloud-communication platform as a service (CPaaS) to enterprises, over-the-top (OTT) players and mobile network operators (MNOs). The company has a client base of 23,000+ customers and some of them are Fortune Global 500 companies, It has a full stand across the world.
Company's revenue was ₹852.38 Cr in last year. Company's profit was ₹55.47 Cr in last year. Company's promoters are Sandipkumar Gupta and Rajdipkumar Gupta.
Route Mobile IPO issue open date is 9th September 2020 and close date is 11th September 2020 . The face value for Route Mobile IPO is Rs 10 per equity share. The total IPO size is approx Rs ₹600 crore.
The price band for Route Mobile is Rs 350 to Rs 370. The lot size for Route Mobile IPO is a minimum of 40 shares to maximum 560 shares. This IPO will be listed on BSE and NSE. Route Mobile IPO total equity is 16216215 shares.
Route Mobile IPO Market Lot and Investment Amount permalink
To invest in Route Mobile's initial public offering starting from 9th September 2020 you need to invest minimum Rs 14000, however you can also invest up to Rs 207200, considering the upper price of IPO Rs 370 and maximum allottable shares (560 shares). To apply for the maximum number of share you need to bid for 14 lots, one lot is having 40 shares.
Route Mobile IPO was subscribed only 75 Times times. Which is considered as a poor subscription compared to other IPOs. Qualified Institutional Buyers (QIBs) like banks, mutual funds and other registered financial institutes were reserved for 3478259 shares and received bids for 312208527 shares which is 89.76 times of total meant for QIB category.
Route Mobile's IPO was subscribed 100% on the first day.
Non Institutional Investors (NII) includes individuals , companies trusts who bid for more than 2 lakhs. The total number of shares reserved for NII investors were 2608696 and bid for 502982675 shares received . Bid from NII for Route Mobile's IPO is 192.81 times of total meant for NII category.
Retail Individual Investors (RIIs) includes individuals investors who can apply up to Rs 2,00,000 in IPO . The total number of shares reserved for RII investors were 6086957 and bid for 77060875 shares received . Bid from RII for Route Mobile's IPO is 12.66 times of total meant for RII category.
The total number of shares offered were 12173912 and bid for 892226010 shares received .
Route Mobile initial public offering of 16216215 equity shares of the face value of Rs 10 aggregating up to ₹ ₹600 Crores. Route Mobile IPO issue open date is 9th September 2020 and close date is 11th September 2020 .
When Route Mobile IPO will open and close? permalink
Route Mobile IPO issue open date is 9th September 2020 and close date is 11th September 2020 .
What is the lot size of Route Mobile IPO? permalink
The lot size for Route Mobile IPO is 40 shares.
What is the price band of Route Mobile IPO? permalink
The price band for Route Mobile is Rs 350 to Rs 370.
What is the minimum investment amount for Route Mobile IPO? permalink
The minimum investment amount for Route Mobile IPO is Rs 14000.
What is the Route Mobile IPO investors portion? permalink
For retail investors (RII) 50% is allotted for investment. For NII 21.43% and QIB 28.57% is allotted.
What is the Route Mobile IPO listing date? permalink
Route Mobile IPO listing date is 21st September 2020.
What is Route Mobile IPO subscription on the first day? permalink
Route Mobile IPO subscribed 100 % on the first day.