Route Mobile IPO Details
Route Mobile IPO description – Route Mobile offers cloud-communication platform as a service (CPaaS) to enterprises, over-the-top (OTT) players and mobile network operators (MNOs). The company ranked second globally as a tier 1 application-to-peer (A2P) service provider in 2017. Its enterprise solution comprises two primary components – the front-end that provides an interface for enterprises to integrate with, and a back-end which is directly integrated with over 240 MNOs, and provides access to over 800 MNOs across the globe, enabling it to leverage their SMS and voice channels for digital communication (Super Network). Further, the backend is also integrated with OTT business messaging solution providers, and is capable of supporting Rich Communication Services (RCS) business messaging, offering multiple channels of communication to enterprises. Its omni-channel platform enables enterprises to leverage various modes of digital communication to engage with their stakeholders – including customers, employees and vendors. Its range of enterprise communication services includes application-to-peer (A2P)/peer-to-application (P2A)/2Way Messaging, RCS, OTT business messaging, voice, email, and omni-channel communication. Further, the company also offers SMS analytics, firewall, filtering and monetization, SMS hubbing and Instant Virtual Number (IVN) solutions to MNOs across the globe.
Promoter of Route Mobile – Sandipkumar Gupta and Rajdipkumar Gupta
Route Mobile IPO details | |
Subscription Dates | 9 – 11 September 2020 |
Price Band | INR345 – 350 per share |
Fresh issue | INR240 crore |
Offer For Sale | INR360 crore |
Total IPO size | INR600 crore |
Minimum bid (lot size) | 40 shares |
Face Value | INR10 per share |
Retail Allocation | 35% |
Listing On | NSE, BSE |
Route Mobile’s financial performance (in INR crore) |
||||
 | FY2018 |
FY2019 |
FY2020 |
Q1 FY2021 |
Revenue | 509.5 |
852.4 |
968.1 | 312.3 |
Expenses | 453.0 |
787.4 |
884.0 |
279.0 |
Net income | 49.5 |
58.8 |
74.8 |
26.5 |
Net margin (%) | 9.7 |
6.9 |
7.7 |
8.5 |
More about Route Mobile IPO
Registrar of Route Mobile IPO
KFin Technologies Private Limited Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda, Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551
Email: [email protected]
Website:Â www.kfintech.com
Route Mobile Contact Details
Route Mobile Limited
4th Dimension, 3rd Floor,
Mind Space, Malad (West),
Mumbai 400 064Â
Phone: +91 22 4033 7676
Email: [email protected]
Website:Â www.routemobile.com
Valuation of Route Mobile (as of FY2020)
Earnings Per Share (EPS): INR13.83Â Â
Price/Earnings (PE ratio): 24.95 – 25.31Â
Return on Net Worth (RONW): 25.65%
Net Asset Value (NAV): INR44.56 per share
Route Mobile IPO Subscription Details
Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
Day 1 | Day 2 | Day 3 | ||
QIB | 3,478,259 | 0.01 | 1.24 | 89.76 |
NII | 2,608,696 | 0.46 | 2.03 | 192.81 |
Retail | 6,086,957 | 1.80 | 6.70 | 12.66 |
Total | 12,173,912 | 1.00 | 4.15 | 73.29 |
Route Mobile IPO Analyst Reviews
Angel Broking – Subscribe
Choice Broking – Subscribe
SMC Global – 3/5
Arihant Capital – Subscribe
HEM Securities – Subscribe
Samco Securities – Avoid
KR Choksey – Subscribe
Route Mobile IPO Allotment Status
Route Mobile IPO allotment status is now available on KFin Technologies’ website. Click on this link to get allotment status.
Listing Performance of Route Mobile
IPO Opening Date: 9 September 2020
IPO Closing Date: 11 September 2020
Finalisation of Basis of Allotment: 16 September 2020
Initiation of refunds: 17 September 2020
Transfer of shares to demat accounts: 18 September 2020
Listing Date: 21 September 2020
Opening Price on NSE: INR717 per share (up 104.9% from IPO price)
Closing Price on NSE: INR650.3 per share (up 85.8% from IPO price)
best information
very knowledgeable post
Mobile tech companies are tricky to invest. Remember Onmobile also was a darling stock but it is nowhere talked now and noone wants to buy it now.
but you can gain on listing. not for short-long period. sell on listing day.