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


9-Sep-20 to 11-Sep-20

Listing on BSE & NSE

IPO Size

(Rs.600.00 crore)


Price Range

Rs. 345 -350 Per Share

IPO Type

100% Book Building

Retail Portion : 35%


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: Website: Investor grievance e-mail: 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

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

Route Mobile IPO Subscription Details

CategoryNo of Shares
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
Subscription Times-1.024.2174.36
Source: NSE India

Post Subscription Details​

Finalisation of Allotment


Click on this link to get allotment status.

Initiation of refunds


Transfer of shares to demat accounts


Listing Date


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. 

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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