Route Mobile IPO GMP (Grey Market Premium) Trend

Last updated on July 23, 2022

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

Route Mobile IPO GMP (Grey Market Premium) rates

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.