Route Mobile IPO GMP (Grey Market Premium) Trend

Route Mobile IPO is scheduled to open on 9 September, following the public offer of Happiest Minds which got fully subscribed on the first day. Route Mobile – which offers cloud-communication platform as a service (CPaaS) to enterprises, over-the-top (OTT) players and mobile network operators (MNOs) – will be second mainboard IPO in September. Thanks to its impressive financial performance, Route Mobile has strong demand in the informal market. Let’s check out the latest Route Mobile IPO GMP (Grey Market Premium), Kostak rates and Subject to Sauda rates here.

Priced in the range of INR345 – 350 per share, Route Mobile might be a better choice for retail investors as a result of higher share allocation for retail investors. In comparison, only 10% of the shares are reserved for retail investors in Happiest Minds IPO.

Read Also: Route Mobile IPO recommendations – Here is what analysts say

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 IPO GMP (Grey Market Premium) rates

Date	GMP (in INR)	Kostak (in INR)	Subject to Sauda (in INR)
19 Sep 2020	280	800	8,500
18 Sep 2020	250	700	8,000
17 Sep 2020	200	650	7,000
16 Sep 2020	200	700	7,000
15 Sep 2020	170	650	7,000
14 Sep 2020	160	550	6,500
12 Sep 2020	150	450	4,500
11 Sep 2020	145	450	3,500
10 Sep 2020	190	650	5,000
9 Sep 2020	190	750	6,000
8 Sep 2020	180	750	5,500
7 Sep 2020	190	750	6,000
5 Sep 2020	200	800	6,200
4 Sep 2020	200	700	5,700
3 Sep 2020	220	800	6,000
2 Sep 2020	220	800	6,000

Important points about IPO grey market and IPO GMP

IPO grey market movements may change very quickly and rates may be volatile. It is risky to base an investment decision on gray market IPO rates. Please refer to our research and analysis section.

Research has shown that retail investors are strongly influenced by market sentiment and as a result, are prone to overreaction, especially when it comes to IPO investing. Place your bets wisely!

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms. 

IPO GMP is the rate of premium an IPO commands per share in grey market.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.