About Route Mobile LimitedEstablished in 2004, Mumbai based Route Mobile is a Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). Company provides range of enterprise communication services includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. |
Disclaimer:Investments is subject matter of solicitation. Please read offer documents/DRHP/RHP carefully before investing. This article is just for information and not intend to invest. One should always refer and read DRHP/RHP and investment process and make own decision before investing in any investment product.
Key Business Pointers
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Key Business services
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Key Financials |
| Particulars | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth YoY (%) | |||||
| EBITDA | |||||
| EBITDA Growth YoY (%) |
Key Management |
| Name | Designation |
|---|---|
| Rajdip Gupta | MD & CEO |
| Rahul Pandey | Chief Credit Officer |
| Gautam Badalia | Chief Strategy Officer |
| Suresh Jankar | CFO |
| Rathindra Das | Head - Legal & Compliance, CS |
IPO Snapshot
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| Particulars | Details |
|---|---|
| Opening Date | 9-Sept-2020 |
| Closing Date | 11-Sept-2020 |
| Face Value | Rs 10/ Share |
| Price Band | Rs 345 to Rs 350/ share |
| Bid Lot | 40 shares and multiples thereof |
| Minimum Bid Amount | Rs 13,800 - Rs 14,000/- |
| Listing on | BSE and NSE |
| Mode of Payment | UPI / ASBA (Mandatory) |
Above details may change. Typo error could possible. Please contact us to update details
Issue Details
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| Particulars | Details |
|---|---|
| Issue Size | ~Rs 600/- Crores |
| QIB Portion (%) | 50% |
| NII Portion (%) | 15% (Application for Lot size 15 and above |
| Retail Portion (%) | 35% (Application for Lot size between 1 and 14) |
| Employees Portion (%) | N/A |
| Existing Shareholders Portion (%) | N/A |
Above details are indicative and may change
Tentative Dates
Below are the indicative dates for the IPO
| Anchor Investors Bid/Offer | 8-Sept-2020, Tuesday |
| Bid/Offer opening | 9-Sept-2020, Wednesday |
| Bid/Offer closing | 11-Sept-2020, Friday |
| Finalisation of Basis of Allotment | 16-Sept-2020, Wednesday |
| Initiation of Refunds | 17-Sept-2020, Thursday onwards |
| Credit of Shares to Demat Accounts | 18-Sept-2020, Friday onwards |
| Listing on Stock Exchange/s | 21-Sept-2020, Monday |
Above dates are tentative and may change upon unforeseen circumstances
Subscription
Below are the figures of Subscriptions of IPO
| Particulars | Details |
|---|---|
| QIB | 91.06x |
| NII | 195.61x |
| Retail | 12.85 |
| Employees | N/A |
| Existing Shareholders | N/A |
| Total | 74.36x |
Calculate Bid amount per lot to see amount required to apply for this IPO
Above may change upon unforeseen circumstances
Lead Managers |
| List of Book Running and Lead/Co-Lead Manager/s |
|---|
| Axis Capital Ltd. |
| ICICI Securities Ltd. |
| Edelweiss Financial |
| IDBI Capital |
Registrar |
| Name of Registrar/s |
|---|
| KFIN Technologies Pvt. Ltd. |
Check Allotment StatusIf below links doesn't work Please Go to KFIN Technologies Website |
FAQ:
IPO can be applied Online and Offline mode.
Online: a) Via Netbanking of Bank website b) Via Stock brokers portal
Offline: a) Collect application forms from Brokers > Fill demat details & UPI > Submit to any broker across India. b) Download forms from NSE/BSE website > Fill demat details & UPI > Submit to any broker across India.
UPI is made mandatory by SEBI to apply for IPO's. To educate investors National Payment Corporation of India (NPCI) has come out with the useful video. This video educates on how to download BHIM UPI app and its process to register.
Source: NPCI
To educate people to apply for IPO's National Payment Corporation of India (NPCI) has come out with the useful video. This video educates consumers on how the IPO process works and how subscribing for IPOs via BHIM UPI helps reduce the time and effort one needs to take for the same.
Source: NPCI
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