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
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|
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: 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|
- Sandipkumar Gupta
- Rajdipkumar Gupta
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
Investor grievance email: firstname.lastname@example.org
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
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
Corporate Identity Number: U72900MH2004PLC146323OUR
PROMOTERS: SANDIPKUMAR GUPTA AND RAJDIPKUMAR