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.
Key Facts (As of June 2020):
Company Promoters:
Sandipkumar Gupta and Rajdipkumar Gupta are the promoters of the company.
Company Financials:
| Particulars | For the year/period ended (₹ 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 | |
Objects of the Issue:
Route Mobile IPO Details
| IPO Date | Sep 9, 2020 - Sep 11, 2020 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 17,391,303 Eq Shares of ₹10 (aggregating up to ₹600.00 Cr) |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating up to ₹240.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹10 (aggregating up to ₹360.00 Cr) |
| Face Value | ₹10 per equity share |
| IPO Price | ₹345 to ₹350 per equity share |
| Market Lot | 40 Shares |
| Min Order Quantity | 40 Shares |
| Listing At | BSE, NSE |
Route Mobile IPO Tentative Date / Timetable
| Bid/Offer Opens On | Sep 9, 2020 |
| Bid/Offer Closes On | Sep 11, 2020 |
| Finalisation of Basis of Allotment | Sep 16, 2020 |
| Initiation of Refunds | Sep 17, 2020 |
| Credit of Shares to Demat Acct | Sep 18, 2020 |
| IPO Shares Listing Date | Sep 21, 2020 |
Route Mobile IPO Lot Size and Price (Retail)
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 40 | ₹14,000 |
| Maximum | 14 | 560 | ₹196,000 |
Route Mobile IPO Promoter Holding
| Pre Issue Share Holding | 96% |
| Post Issue Share Holding | 66.33% |
Route Mobile IPO Offer Size by Investor Category
The Percentage of Offer Size available for Allotment/allocation:
- QIBs: 50% (₹300 Cr)
- Non-Institutional Investors: 15% (₹90 Cr)
- Retail Individual Investors: 35% (₹210 Cr)
Risks to Investors in Route Mobile IPO
- Operate in a highly evolving market.
- Greater dependency on 3rd parties mobile network operations.
- Revenues depend on a limited number of clients.
- Rely on 3rd party technology systems and infrastructure to provide services and solutions to clients.
- The risk from potential claims resulting from the client's misuse of its platform to send unauthorized text messages in violation of TRAI regulations.
Route Mobile IPO Subscription Status (Bidding Detail)
No. of Times Issue Subscribed (BSE + NSE) | ||||
|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Total |
Shares Offered | 3,478,259 | 2,608,696 | 6,086,957 | 12,173,912 |
Sep 10, 2020 16:59 | 1.25x | 2.04x | 6.70x | 4.15x |
Route Mobile IPO Prospectus
Route Mobile IPO Rating
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Route Mobile IPO Reviews / Ratings
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Company Contact Information
Route Mobile Ltd
4th Dimension, 3rd Floor
Mind Space, Malad (West)
Mumbai 400 064
Phone: +91 22 4033 7676
Email: investors@routemobile.com
Website: http://www.routemobile.com/
Route Mobile IPO Registrar
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032.
Phone: 1-800-3454001
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
 Detail and Live Subscription Status){kind=link}
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