Route Mobile Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹345 - ₹350
- Lot size
- 40 shares
- Issue amount
- ₹600 cr
- Total subscription
- 0×
- Opens
- 9 Sept 2020
- Closes
- 11 Sept 2020
- Allotment
- 17 Sept 2020
- Listing
- 21 Sept 2020
Offer at a glance
Issue overview
- Issue size
- 1,73,91,303 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,800
- Fresh issue
- ₹240 cr
- Offer for sale
- ₹360 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 5,00,00,000
- Shares after issue
- 5,68,57,142
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 40 | ₹14,000 |
| sHNI | 15 | 600 | ₹2,10,000 |
| bHNI | 72 | 2,880 | ₹10,08,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 121.74 | 10,927.74 |
| RETAIL | 213.04 | 2,699.51 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Company information
Company profile
Route Mobile Limited, established in 2004, is a leading provider of Communications Platform as a Service (CPaaS) and a tier-one application-to-peer (A2P) service provider. The company offers enterprise communication solutions, including messaging, voice, email, and SMS filtering, along with analytics and monetization services. It operates in three main business segments. The enterprise segment provides cloud communication services to businesses, over-the-top (OTT) players, and mobile network operators. The mobile operator segment offers services such as SMS analytics, firewall, filtering, monetization, and hubbing solutions. The business process outsourcing (BPO) segment includes customer support, technical assistance, booking, and collection services. As of June 2020, Route Mobile had 318 employees across 18 global locations and served over 30,150 clients worldwide, including several Fortune Global 500 companies. The company processed more than 2.5 billion messages per month and handled 31 billion billable transactions in the fiscal year 2020. It worked with over 800 network operators and maintained 240 direct connections, also known as super networks. Additionally, it operated six strategically located data centers and four short message service centers.
Strengths
- Trusted cloud communication provider with CPaaS solutions.
- Unified platform for effortless campaign scheduling and tracking.
- Intuitive dashboard to plan, execute, and monitor campaigns.
- Expertise in customizing solutions for global and local needs.
- Strategic and efficient approach to enhance customer engagement.
Promoters
Mr. Sandipkumar Gupta
Mr. Rajdipkumar Gupta
Registrar & documents
Lead manager
Axis Capital Limited, Edelweiss Financial Services Limited, ICICI Securities Limited, IDBI Capital Market Services Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
4th Dimension, 3rd Floor Mind Space, Malad (West) Mumbai 400 064
+91 22 4033 7676
[email protected]Company website ↗Understanding ROUTE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.