Route Mobile IPO

Route Mobile
Rs 350 to Rs 370
From to

About Company Route Mobile permalink

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.

  • Email : https://www.routemobile.com/
  • Website : Email: investors@routemobile.com
  • Phone : +91 22 4033 7676

Route Mobile IPO Details permalink

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 Date and Price Band permalink

Route Mobile IPO Date and Price Band
IPO Open:9th September 2020
IPO Close:11th September 2020
Price Band:Rs 350 to Rs 370
Face Value:Rs 10 per equity share
IPO Size:Rs ₹600 crore
Listing on:BSE and NSE
Retail Portion:50%
Equity (Issue Size):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 Market Lot and Investment Amount
Minimum Lot Size:40 shares (1 Lot)
Maximum Lot Size:560 shares (14 lots)
Minimum Investment:Rs 14000
Maximum Investment:Rs 196000

Route Mobile IPO Subscription Status permalink

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 IPO Subscription Status
Qualified Institutional Buyers (QIBs)
Shares Allotted:3478259 shares
Shares Bid Received:312208527 shares
Over Subscription in QIB:89.76 times
Non Institutional Investors (NIIs)
Shares Allotted:2608696 shares
Shares Bid Received:502982675 shares
Over Subscription in NII:192.81 times
Retail Individual Investors (RIIs)
Shares Allotted:6086957 shares
Shares Bid Received:77060875 shares
Over Subscription in RII:12.66 times
Total
Total Shares Allotted:12173912 shares
Total Shares Bid Received:892226010 shares
Over Subscription Total:75 Times times

Route Mobile IPO Allotment and Listing permalink

Route Mobile IPO got listed on . Route Mobile IPO listed with 102.29% Premium on NSE (ROUTE) at Rs 717 and BSE (543228) at Rs 708. The allotment ratio for the Route Mobile IPO remains at 61.

Route Mobile IPO Allotment and Listing
Listing Date:
Issue Price:Rs 350
BSE Listing Price:Rs 708
NSE Listing Price:Rs 717
Return (In Rupees):Rs 358
Return (In Percentage):102.29%
Sector :communication sector
BSE Group :B
BSE Code:543228
NSE Code:ROUTE
ISIN :INE450U01017

Route Mobile IPO FAQ permalink

Frequently Asked Questions related to the Route Mobile IPO

When Route Mobile IPO is expected? permalink

Route Mobile IPO is not publised yet, it may be available in September 2020

What is Route Mobile IPO? permalink

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.

What is Route Mobile IPO subscription? permalink

Route Mobile IPO was subscribed only 75 Times times.

What is Route Mobile IPO listing date? permalink

Route Mobile IPO listing date is 21st September 2020.

What is Route Mobile IPO listing price? permalink

Route Mobile IPO listing price is 708.

What is Route Mobile IPO return? permalink

Route Mobile IPO listing price is 708 and issue price was Rs 350. Return from Route Mobile IPO is Rs 358 per equity share which is 102.29% .

What is BSE code for Route Mobile? permalink

Route Mobile BSE code is 543228.