Route Mobile Ltd IPO - Details

route mobile IPO
About the company

Incorporated in 2004, Route Mobile Limited is among the leading Communications Platform as a Service (CPaaS) provider and a tier-one application-to-peer (A2P) service provider. Its enterprise communication services include new age solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization.

IPO Dates ,Types & Price details

IPO ISSUE PERIOD

9-Sep-20 to 11-Sep-20

Listing on BSE & NSE

IPO Size

(Rs.600.00 crore)

17,391,303 shares 

Price Range

Rs. 345 -350 Per Share

IPO Type

100% Book Building

Retail Portion : 35%

BID LOT

40 Shares and in multiples of 40.

Minimum Amount: ₹14,000 

Face Value

Rs. 10 

(IN Rs. Million)

Financial Performance

Total Assets – 4473.66
Total Revenue – 5094.85
Profit After Tax – 466.77

Total Assets – 5057.81
Total Revenue – 8523.77
Profit After Tax – 545.32

Total Assets – 6265.48
Total Revenue – 9681.02
Profit After Tax – 691.02

Valuation of Route Mobile IPO

Earnings Per Share (EPS): ₹ 13.83
Price/Earnings (PE ratio): ₹  24.95 – 25.31 

Return on Net Worth (RONW): 25.65%

Net Asset Value (NAV): ₹ 44.56 per share

Contact details

IPO Registrar

KFin Technologies Private Limited, Karvy Selenium Tower B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda Hyderabad – 500 032, India.

Telephone: +91 40 6716 2222 Fax: +91 40 2343 1551 E-mail: happiestminds.ipo@kfintech.com Website: www.kfintech.com Investor grievance e-mail: einward.ris@kfintech.com Contact Person: M Murali Krishna SEBI Registration No.: INR000000221

IPO Lead Managers

  • Motilal Oswal Investment Advisors Limited
  • IDBI Capital Markets & Securities Limited
  • YES Securities (India) Limited

Company Address

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
E-mail: investors@routemobile.com; 
Website: www.routemobile.com

Route Mobile IPO Subscription Details

CategoryNo of Shares
offered
DAY 1DAY 2DAY 3
Qualified Institutional Buyers(QIBs) - 50%34,28,57142,00043,51,28031,22,21,040
Non Institutional Investors (NIIs) - 15% 25,71,42912,11,76053,15,40050,29,91,040
Retail Individual Investors(RIIs) -35% 60,00,0001,09,77,8404,08,43,2407,71,29,000
Total1,20,00,0001,22,31,6005,05,09,92089,23,41,080
Subscription Times-1.024.2174.36
Source: NSE India

Post Subscription Details​

Finalisation of Allotment

16-Sep-20

Click on this link to get allotment status.

Initiation of refunds

17-Sep-20

Transfer of shares to demat accounts

18-Sep-20

Listing Date

21-Sep-20

Opening Price on NSE

LATER

Closing Price on NSE

LATER

AUTHOR’S Final Note :

Considering the PAT growth YoY, IPO looks attractive. Also the PE ratio lesser than 30, IPO comes under Normal priced band.

For the High and Medium risk Investors, IPO is definitely worth a risk to apply and look for Listing gains. 

Read here on How to apply IPO via Zerodha ?

For Low risk investors, Avoid this IPO in this market and post listing shall add few if you want to stay invested. 

Grey Market Premium : 

GMP was around 190 which is good indicator for the decent Listing gain.

What is Grey Market Premium and how it works

Additional Reading :

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