Bookbuilding IPO | ₹600 Cr | Listed at BSE, NSE | Wed, Sep 9, 2020 - Fri, Sep 11, 2020
Route Mobile IPO is a book build issue of ₹600.00 crores. The issue is a combination of fresh issue of 0.69 crore shares aggregating to ₹240.00 crores and offer for sale of 1.03 crore shares aggregating to ₹360.00 crores.
Route Mobile IPO bidding started from Sep 9, 2020 and ended on Sep 11, 2020. The allotment for Route Mobile IPO was finalized on Sep 16, 2020. The shares got listed on BSE, NSE on Sep 21, 2020.
Route Mobile IPO price band is set at ₹350 per share. The lot size for an application is 40. The minimum amount of investment required by an retail is ₹14,000 (40 shares) (based on upper price). The lot size investment for sNII is 15 lots (600 shares), amounting to ₹2,10,000, and for bNII, it is 72 lots (2,880 shares), amounting to ₹10,08,000.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Route Mobile IPO RHP for detailed Information.
IPO Open
Wed, Sep 9, 2020
IPO Close
Fri, Sep 11, 2020
Issue Price
₹350 per share
Market Cap (Pre-IPO)
₹1,990.00 Cr
| IPO Date | 9 to 11 Sep, 2020 |
| Listed on | Mon, Sep 21, 2020 |
| Face Value | ₹10 per share |
| Price Band | ₹345 to ₹350 |
| Issue Price | ₹350 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,71,42,856 shares (agg. up to ₹600 Cr) |
| Fresh Issue | 68,57,142 shares (agg. up to ₹240 Cr) |
| Offer for Sale | 1,02,85,714 shares of ₹10 (agg. up to ₹360 Cr) |
| Share Holding Pre Issue | 5,00,00,000 shares |
| Share Holding Post Issue | 5,68,57,142 shares |
| BSE Script Code / NSE Symbol | 543228 / ROUTE |
| ISIN | INE450U01017 |
Route Mobile IPO comprises a total issue size of 1,71,42,856 shares. Out of which, 85,71,427 (50.00%) are allocated to QIB, 25,71,429 (15.00%) allocated to NII 60,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 85,71,427 | 50.00% | NA |
| − Anchor Investor Shares Offered | 51,42,856 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 34,28,571 | 20.00% | NA |
| NII (HNI) Shares Offered | 25,71,429 | 15.00% | NA |
| Retail Shares Offered | 60,00,000 | 35.00% | 1,50,000 |
| Total Shares Offered | 1,71,42,856 | 100.00% |
Investors can bid for a minimum of 40 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹14,000 |
| Retail (Max) | 14 | 560 | ₹1,96,000 |
| S-HNI (Min) | 15 | 600 | ₹2,10,000 |
| S-HNI (Max) | 71 | 2,840 | ₹9,94,000 |
| B-HNI (Min) | 72 | 2,880 | ₹10,08,000 |
Route Mobile IPO raises ₹180.00 crore from anchor investors. Route Mobile IPO Anchor bid date is September 8, 2020.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Sep 8, 2020 |
| Shares Offered | 51,42,856 |
| Anchor Portion (₹ Cr.) | 180.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Oct 16, 2020 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Dec 15, 2020 |
Key Facts (As of June 2020):
- 318 Employees - 18 locations across Africa, Asia Pacific, Europe, the Middle East, and North America. - Served 30150+ clients globally - 2.5+ Billion Messages per month in fiscal 2020 - 31+ Billion Billable transactions in fiscal 2020 - 800+ Network Operators - 240+ Direct Connections or "Super Networks" - 6 Strategically Located Data Centers. - 4 Short Message Service Centers Competitive Strengths 1. Leading cloud communications service provider offering CPaaS. 2. Omnichannel Platform for easy campaign scheduling and reporting. 3. Easy to use the console to plan, deploy & monitor campaigns. 4. Global & Local customization expertise. 5. Consultative and Lean approach for better customer engagement.| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or pre-payment, in full or part, of certain borrowings of our Company | 36.50 |
| 2 | Acquisitions and other strategic initiatives | 47.50 |
| 3 | Purchase of office premises in Mumbai | 65.00 |
| 4 | General corporate purposes | 38.59 |
The Route Mobile IPO is subscribed 73.3 times on September 11, 2020 5:00:04 PM (Day 3). The public issue subscribed 12.67 times in the retail category, 89.76 times in the QIB category, and 192.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 89.76 | 34,78,259 | 31,22,21,040 |
| NII | 192.81 | 26,08,696 | 50,29,91,040 |
| Retail | 12.67 | 60,86,957 | 7,71,29,000 |
| Total | 73.3 | 1,21,73,912 | 89,23,41,080 |
The Percentage of Offer Size available for Allotment/allocation:
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and sellingcommission) | 20.95 |
| 2 | Commission/processing fee for SCSBs and Bankersto the Offerand fee payable to the Sponsor Bank forBids made by RIBs using UPI | 1.73 |
| 3 | Brokerage and selling commission and biddingcharges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.32 |
| 4 | Fees payable to the Registrar to the Offer | 0.18 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSEandNSE processing fees, book building softwarefees and other regulatory expenses | 3.18 |
| 6 | Printing and stationery | 2.00 |
| 7 | Advertising and marketing expenses | 5.05 |
| 8 | Fee payable to legal counsels | 2.71 |
| 9 | Miscellaneous | 4.76 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹350.00 | ₹350.00 |
| Open | ₹708.00 | ₹717.00 |
| Low | ₹625.00 | ₹625.00 |
| High | ₹735.00 | ₹735.00 |
| Last Trade | ₹651.10 | ₹651.30 |
Lead Manager Reports
Route Mobile IPO is a main-board IPO of 1,71,42,856 equity shares of the face value of ₹10 aggregating up to ₹600 Crores. The issue is priced at ₹350 per share. The minimum order quantity is 40.
The IPO opens on Wed, Sep 9, 2020, and closes on Fri, Sep 11, 2020.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Route Mobile IPO using UPI as a payment gateway. Zerodha customers can apply in Route Mobile IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Route Mobile IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Route Mobile IPO opens on Wed, Sep 9, 2020 and closes on Fri, Sep 11, 2020.
Route Mobile IPO lot size is 40, and the minimum amount required for application is ₹14,000.
You can apply in Route Mobile IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Route Mobile IPO will be done on Wednesday, September 16, 2020, and the allotted shares will be credited to your demat account by Fri, Sep 18, 2020. Check the Route Mobile IPO allotment status.
The Route Mobile IPO listing date is on Mon, Sep 21, 2020.
