IPO || Route Mobile Ltd IPO || Company Review || Lot Size || Bid Open || Tentative Dates ||

IPO || Route Mobile Ltd IPO || Company Review || Lot Size || Bid Open || Tentative Dates ||

About the company:-

Route Mobile is a leading Cloud Communication Platform provider, Incorporated in 2004. Route Mobile is a Mumbai Based Company. Route Mobile has been enhancing mobile communications through technology upgrades and product innovations.

The company’s range of enterprise communication services includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization.

Since its inception in 2004, the company is meeting the needs of a diverse clientele across geographies. currently, the company providing its services to clients through 20 plus locations across Africa, Asia Pacific, Europe, the Middle East, and North America. 

The company’s customizable, user-friendly, and effective solutions enable enterprises and mobile operators to deliver efficient services to their customers. The company is planning to raise around Rs 600 crore through the fresh issue and offer for sale.

Route Mobile offers a range of cloud communication services to clients across diverse sectors including but not limited to banking and financial services, aviation, retail, e-commerce, logistics, healthcare, hospitality, media and entertainment, pharmaceuticals, and telecom. their clients include some of the world’s largest and well-known organizations, including a number of Fortune Global 500 companies Route Mobile has deployed state-of-art data centers across five locations globally which are equipped with requisite failovers and redundancies necessary for maintaining 24×7 operations.

Company Financials:-

ParticularsMarch 31, 2019March 31, 2018March 31, 2017
Total Revenue                                   85,237.70                                   50,948.50                                   46,483.20
Total Expenses                                   79,663.00                                   46,216.00                                   40,413.80
Profit for the Year                                      5,574.70                                      4,732.50                                      6,069.40
For the Year Ended (₹ in Lakhs)

Route Mobile IPO Dates, Price Band, Lot size:

 Bid Open: 09 September 2020
 Bid Close: 11 September 2020
 IPO Size: Approx ₹600 Crore
 Price Band: ₹345 – ₹350 Per Share
Listing on: BSE & NSE
Retail Portion: 35%
QIB Portion:50%
NIB Portion:15%
 Lot Size:Minimum 40 Shares 
Maximum 560 Shares
 Minimum Amount:₹14000/-
 Maximum Amount:₹196000/-

Route Mobile IPO Allotment Tentative Date:-

Finalisation of  Basis of Allotment:16 September 2020
 Initiation of Refunds:17 September 2020
 Credit to Demat Account:18 September 2020
 IPO Listing Date:21 September 2020

How to Apply for Route Mobile  IPO:-

Now you can apply IPO through your De-MAT account. Just simply log in to your De-MAT Account and Go to the IPO section under the Investment option and select open IPOs and make payment through UPI Apps. and 2nd ways to apply is through the ASBA facility available in your Bank Account you have to just log in to your net banking and go to the Investment option and select Open IPO list, and if you have not Net banking then you can apply offline through Filling a simple form with your Brokers.

Company Registered Address:

Route Mobile Ltd
4th Dimension, 3rd Floor
Mind Space, Malad (West)
Mumbai 400 064

Phone: +91 22 4033 7676
Email: [email protected]

Route Mobile IPO book running lead managers:

  • Motilal Oswal Investment Advisors Limited
  • IDBI Capital Markets & Securities Limited
  • YES Securities (India) Limited
Our Review on Route Mobile IPO:-

Should Apply for Listing gain

!!!!!! Thanku!!!!!

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