Route Mobile Ltd IPO - Details
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
Rs. 345 -350 Per Share
100% Book Building
Retail Portion : 35%
40 Shares and in multiples of 40.
Minimum Amount: ₹14,000
(IN Rs. Million)
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
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: firstname.lastname@example.org Website: www.kfintech.com Investor grievance e-mail: email@example.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
Route Mobile IPO Subscription Details
|Category||No of Shares|
|DAY 1||DAY 2||DAY 3|
|Qualified Institutional Buyers(QIBs) - 50%||34,28,571||42,000||43,51,280||31,22,21,040|
|Non Institutional Investors (NIIs) - 15%||25,71,429||12,11,760||53,15,400||50,29,91,040|
|Retail Individual Investors(RIIs) -35%||60,00,000||1,09,77,840||4,08,43,240||7,71,29,000|
Post Subscription Details
Initiation of refunds
Transfer of shares to demat accounts
Opening Price on NSE
Closing Price on NSE
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.
Additional Reading :
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