Route Mobile IPO Date, Review, Price Band & Market

Route Mobile, a cloud communications service provider, will launch its initial public offering next week to raise an estimated Rs 600 crore, merchant banking sources said on Thursday. The public offer comprises a fresh issue worth Rs 240 crore and an offer for sale (OFS) of Rs 360 crore by promoters — Y Sandipkumar Gupta and Rajdipkumar Gupta, as per the draft red herring prospectus (DRHP) filed by the company. To know more about the upcoming Route Mobile IPO Date, Review, Price Band, Market Lot, and many more things check out the complete article.

Key Facts (As of June 2020):

• 318 Employees
• 19+ locations across Africa, Asia Pacific, Europe, the Middle East, and North America.
• 30150 clients.
• 5+ Billion Messages per month.
• 31+ Billion Billable transactions in fiscal 2019-20
• 800+ Network Operators
• 255+ Direct Connections
• 7 Strategically Located Data Centers.
• 4 Short Message Service Centers

APPLY

Route Mobile IPO Review

Route Mobile IPO Dates & Price Band :

IPO Open:	9 September 2020
IPO Close:	11 September 2020
IPO Size:	Approx ₹600 Crores
Price Band:	₹345 – ₹350 Per Share
Listing on:	BSE & NSE
Retail Portion:	35%
Equity:	1,71,42,856 Shares
Face Value:	–

Route Mobile IPO Market Lot:

• Shares: Minimum 40 Shares & Maximum 560 Shares
• Minimum Amount: ₹14,000
•  Maximum Amount: ₹196,000

Route Mobile IPO Allotment & Listing:

• Basis of Allotment: 
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  16 September 2020
• Refunds:  17 September 2020
• Credit to Demat accounts: 18 September 2020
• Listing: 21 September 2020

Route Mobile IPO Form:

Thinking about how to apply the Route Mobile IPO? Here is the answer, You can apply for Route Mobile IPO through the ASBA feature of your bank. Login to your Net Banking option and go to Invest / IPO section. Select the Route Mobile IPO, fill up and check the details and click submit. Another option to apply for Route Mobile IPO is by submitting physical forms to your Bank. For that, you need to download forms – NSE Blank IPO Form / BSE Blank IPO Form, fill the details, and submit the form to the bank.

Route Mobile Financial:

(Rs. in Crore)	Revenue	Expense	PAT
2016	–	–	–
2017	465	–	60.69
2018	509	–	47.33
2019	487	–	55.75
2020	–	–	–

Company Promoters:

• Sandipkumar Gupta 
• Rajdipkumar Gupta

Quick Links:
DRHP Draft Prospectus
RHP Draft Prospectus

Route Mobile IPO Registrar:

KFintech Private Limited

Selenium Tower B, Plot 31-32Gachibowli, Financial District, Nanakramguda

Hyderabad 500 032, Telangana, India

Tel: +91 40 6716 2222

Fax: +91 40 2343 1551

Email: einward.ris@karvy.com

Investor grievance email: routemobile.ipo@karvy.com

Website: www.karisma.karvy.com

Contact Person: M Murali Krishna

SEBI Registration No: INR000000221

Note: Check Route Mobile IPO allotment status on KFintech website allotment URL. Click Here

Route Mobile IPO Lead Managers:

• Motilal Oswal Investment Advisors Limited
• IDBI Capital Markets & Securities Limited
• YES Securities (India) Limited

Company Address:

ROUTE MOBILE LIMITED Registered Office: 4th Dimension, 3rd Floor, Mind Space, Malad (West), Mumbai 400 064, Maharashtra, India.

Contact Person: Pratik Joshi, Company Secretary and Compliance Officer, 

Telephone: +91 22 4033 7676; Fax: + 91 22 4033 7650

E-mail: investors@routemobile.com; 

Website: www.routemobile.com

Corporate Identity Number: U72900MH2004PLC146323OUR

PROMOTERS: SANDIPKUMAR GUPTA AND RAJDIPKUMAR