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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 ₹350.00 per share . The lot size for an application is 40. The minimum amount of investment required by an retail is ₹13,800 (40 shares). 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 Date | September 9, 2020 to September 11, 2020 |
| Listing Date | September 21, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹345 to ₹350 per share |
| Issue Price Final | ₹350 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,71,42,856 shares (aggregating up to ₹600.00 Cr) |
| Fresh Issue | 68,57,142 shares (aggregating up to ₹240.00 Cr) |
| Offer for Sale | 1,02,85,714 shares of ₹10 (aggregating up to ₹360.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,00,00,000 shares |
| Share Holding Post Issue | 5,68,57,142 shares |
Route Mobile IPO offers total 1,71,42,856 shares. Out of which 85,71,427 (50.00%) allocated to QIB, 34,28,571 (20.00%) allocated to QIB, 25,71,429 (15.00%) allocated to NII, 60,00,000 (35.00%) allocated to RII and 51,42,856 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Route Mobile IPO opens on September 9, 2020, and closes on September 11, 2020.
| IPO Open Date | Wed, Sep 9, 2020 |
| IPO Close Date | Fri, Sep 11, 2020 |
| Tentative Allotment | Wed, Sep 16, 2020 |
| Initiation of Refunds | Thu, Sep 17, 2020 |
| Credit of Shares to Demat | Fri, Sep 18, 2020 |
| Tentative Listing Date | Mon, Sep 21, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 11, 2020 |
Investors can bid for a minimum of 40 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.| Particulars | For the year/period ended (Rs in Million) | ||||
|---|---|---|---|---|---|
| 30-June-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 6,348.31 | 6,265.48 | 5,057.81 | 4,473.66 | |
| Total Revenue | 3,122.95 | 9,681.02 | 8,523.77 | 5,094.85 | |
| Profit After Tax | 269.34 | 691.02 | 545.32 | 466.77 | |
The Company Route Mobile IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] At sub 19 P/E issue appears reasonably priced. being the First Mover Company, it will generate investors' fancy post listing. This segment has entry barriers and this company is enjoying its leadership with niche place among its clients. Investors may consider investment for short to long term Read detail review...
The Percentage of Offer Size available for Allotment/allocation:
| Listing Date | September 21, 2020 |
| BSE Script Code | 543228 |
| NSE Symbol | ROUTE |
| ISIN | INE450U01017 |
| Final Issue Price | ₹350 per share |
| BSE Listing Group | B |
Route Mobile Ltd.
4th Dimension, 3rd Floor
Mind Space, Malad (West)
Mumbai 400 064
Mumbai, Maharashtra
Phone: +91 22 4033 7676
Email: investors@routemobile.com
Website: http://www.routemobile.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Route Mobile IPO is a main-board IPO of 1,71,42,856 equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. The issue is priced at ₹350 per share. The minimum order quantity is 40.
The IPO opens on September 9, 2020, and closes on September 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 September 9, 2020 and closes on September 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 Friday, September 18, 2020. Check the Route Mobile IPO allotment status.
The Route Mobile IPO listing date is on Monday, September 21, 2020.
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