Route Mobile IPO GMP (Grey Market Premium) Trend

15

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 Dates9 – 11 September 2020 
Price BandINR345 – 350 per share
Fresh issueINR240 crore
Offer For SaleINR360 crore 
Total IPO sizeINR600 crore
Minimum bid (lot size)40 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

Route Mobile IPO GMP (Grey Market Premium) rates

DateGMP (in INR)Kostak (in INR)Subject to Sauda (in INR)
19 Sep 20202808008,500
18 Sep 20202507008,000
17 Sep 20202006507,000
16 Sep 20202007007,000
15 Sep 20201706507,000
14 Sep 20201605506,500
12 Sep 20201504504,500
11 Sep 20201454503,500
10 Sep 20201906505,000
9 Sep 20201907506,000
8 Sep 20201807505,500
7 Sep 20201907506,000
5 Sep 20202008006,200
4 Sep 20202007005,700
3 Sep 20202208006,000
2 Sep 20202208006,000

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.

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15 COMMENTS

  1. *ROUTE MOBILE IPO*

    GMP 147 +/- 1

    ♦️♦️♦️♦️

    *HAPPIEST MINDS TECHNOLOGIES IPO*

    GMP 127 +/- 1

    ♦️♦️♦️♦️

    *UTI AMC IPO*

    GMP 60 +/- 2

  2. *ROUTE MOBILE IPO*

    GMP 147 +/- 1

    ♦️♦️♦️♦️

    *HAPPIEST MINDS TECHNOLOGIES IPO*

    GMP 127 +/- 1

    ♦️♦️♦️♦️

    *UTI AMC IPO*

    GMP 60 +/- 2

  3. I want to sell my Route Mobile Application. I have 2 applications in which I have Applied for 14 lots each. Whatsapp me on 9990747276, if interested.

  4. I have 2 applications of route mobile (1 lot each). If anyone is interested in buying contact me on 9819824569 (Bhushan)

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