Route Mobile IPO Details

Route Mobile IPO 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
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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

Registrar of Route Mobile IPO

KFin Technologies Private Limited  Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda, Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551
Email: [email protected]
Website: www.kfintech.com

Route Mobile Contact Details

Route Mobile Limited
4th Dimension, 3rd Floor,
Mind Space, Malad (West),
Mumbai 400 064 
Phone: +91 22 4033 7676
Email: [email protected]
Website: www.routemobile.com

Valuation of Route Mobile (as of FY2020)

Earnings Per Share (EPS): INR13.83  
Price/Earnings (PE ratio): 24.95 – 25.31 
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: To be updated
Closing Price on NSE: To be updated

4 COMMENTS

  1. 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.

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