Route Mobile Ltd IPO (Route Mobile IPO) Detail Review, Price and Valuations – Buy for Listing Gain? Net Proceeds are proposed to be utilized for Debt reduction(Rs36.5cr), Acquisitions and other strategic initiatives(Rs83cr), Purchase of office premises in Mumbai(Rs65cr) and balance for general corporate purposes. Route Mobile IPO Date Price. Greater dependency on 3rd parties mobile network operations. Route Mobile IPO Registrar Kfin Technologies Pvt Ltd Selenium, Tower B, Plot No. Route Mobile IPO Allotment Date. 4th Dimension, 3rd Floor With an MNO focused suite of products, they also cater to large scale enterprises and OTT Players with their diversified offerings. Can Route Mobile be bought at CMP - 800/-? Book Built Issue IPO. : IN DP CDSL: IN-DP-192-2016 | AMFI REGN No. Solid track record; strong cash generation to aid growth initiatives. Route Mobile IPO will open for subscription on Wednesday, September 9, 2020. The public issue subscribed 12.67x in the retail category, 89.76x in the QIB category, and 192.81x in the NII category. Retail Allocation: 35%. The book running lead managers are ICICI Securities, Axis Capital, Edelweiss Financial Services and IDBI Capital Markets & Securities. What is the lot size of Route Mobile IPO? Also I have told in this group that this will be great success. Its enterprise communication services include smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. A price band of Rs 345-350 apiece per … Route Mobile Ltd. is an omnichannel cloud communication provider based in 18+ locations worldwide. Mind Space, Malad (West) It is subject to numerous, and sometimes conflicting, legal requirements which may be diverse and vary across geographies. Route Mobile provides these unique services and there are no comparable peers in this market (as per DRHP). I am doing the same. 6,000mn with this IPO. Route Mobile IPO – Other Details. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500032, Telangana, India Route Mobile IPO Review & its Company valuation details . The Rs 600 crore Route Mobile initial public offer (IPO) is all set to hit the primary market on Wednesday. Eq Shares of ₹10 (aggregating up to ₹240.00 Cr) Offer for Sale [.] Issue Size. What to do??????????????? RML has ~15.5% of its clients on a pre-paid business model while it collects payments from other clients within 30 – 60 days. Anything below 650 need to accumulate. The finalization of Basis of Allotment for Route Mobile IPO will be done on Sep 16, 2020, and the allotted shares will be credited to your demat account by Sep 18, 2020. Even the greatest pandemic couldn’t deter the confidence of the market towards IPO. A retail investor can bid a minimum of one lot in the amount of 40 shares. Route Mobile Ltd IPO is a Mainstream IPO, which is open for all investors from 9th September 2020, Wednesday to 11th September 2020, Friday. The IPO page of Route Mobile Ltd. captures the details on its Issue Open Date, Issue Close Date, Listing Date, Face Value, Price band, Issue Size, Issue Type, and Listing Date's Open Price, High Price, Low Price, Close price and Volume. Route Mobile IPO Details. Full stack of communication channels and scale. IPO details: The Rs. The company proposes to raise Rs 600 crore through the IPO which comprises fresh issue of shares worth Rs 240 crore and an offer for sale (OFS) of Rs 360 crore by promoters -- Y Sandipkumar Gupta and Rajdipkumar Gupta. Its range of services include messaging, Rich Communication Services (RCS), OTT business messaging, voice, email and SMS filtering, omni-channel communication, analytics & monetization. Route Mobile is a leading Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile … In a small period of time Route Mobile became a renowned name as a Communications Platform as a Service (CPaaS) provider and also for its role as a tier-one application-to-peer (A2P) service provider. Phone: 1-800-3454001 The issue is priced at ₹345 to ₹350 per equity share. The minimum order quantity is 40 Shares. This can be integrated with RML’s super network of 240 Mobile Network Operator (MNOs) which provides its enterprise clients with access to over 800 mobile networks across various geographies. Maximum Investment: Rs 196,000. Its platform has evolved from traditional A2P SMS or text message solution to other various channel of communications like email, OTT or IP based messaging channel, RCS, enterprise voice application service, interactive voice response, Click2Call, missed call facility, among others. Route Mobile IPO Opens Today: Check Issue Details, Valuation & Risks; Know If You Should Subscribe To It Route Mobile IPO Opens Today: The company aims to utilise the proceeds for repayment of certain borrowings, acquisitions and other strategic initiatives besides buying office premises in Mumbai, and meet other corporate expenses. How to apply in Route Mobile IPO through Zerodha? Minimum Investment: Rs 14,000. The omnichannel cloud communication service provider has fixed the price band for the issue at Rs 345-Rs 350 per share. Maximum Investment: Rs 196,000. The price band for Route Mobile is Rs 350 to Rs 370. Route Mobile IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code. Revenues depend on a limited number of clients. 6,000mn with this IPO. This results in negative working capital cycle. : INZ000010231 | SEBI RA Regn. Amount Still block in my canara Bank SB Account. We use cookies and other tools to improve your experience on this site know more, "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc. Cloud Communication Cloud communication is an entirely new way to build, deploy, and scale enterprise communications systems. You can apply in Route Mobile IPO online using either UPI or ASBA as payment method. An OTP has been sent to your mobile number.Please verify to proceed. Details of the Route Mobile IPO. Route Mobile IPO details. Statutory Auditor – Walker Chandiok & Co LLP; Legal Counsel to the Company – M/s. Route Mobile Limited IPO Details. : INH000004680 | SEBI Depository Regn. The company operates in 3 business verticals: Incorporated in 2004 Mumbai, Maharashtra, India. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. Route Mobile IPO will include a public issue of 1.71 crore equity shares of Face value Rs 10 each, comprising a fresh issue of 68.57 lakh equity shares. Go to the 'Route Mobile IPO' row and click the 'Bid' button. ROUTE MOBILE Ltd IPO Details. The price band of public issue is Rs 340-350 per share. The issue is priced at ₹345 to ₹350 per equity share. Zerodha customers can apply in Route Mobile IPO by login into Zerodha Console (back office) and submitting an IPO application form. The IPO page of Route Mobile Ltd. captures the details on its Issue Open Date, Issue Close Date, Listing Date, Face Value, Price band, Issue Size, Issue Type, and Listing Date's Open Price, High Price, Low Price, Close price and Volume. Route Mobile IPO Allotment & Listing Details: Route Mobile IPO allotment date is 16 September 2020 but the allotment might come on 17 September 2020. Route Mobile IPO day 1: Issue fully subscribed, Retail investors portion 1.8 times. The issue opens on 9th September 2020 and closes on 11th September 2020. The existing shareholders will sell shares worth Rs 360 crore under the offer for sale (OFs). Promoters are offering --- equity shares to public through this issue which is worth of Rs 600 Crores. When will Route Mobile IPO open? Route Mobile IPO date is 09 September 2020 and closes on 11 September 2020. Aniketaf sir , Please share your view on this ipo, Greetings to all who applied for this, I took risk and applied for 1 Lot, Just y seeing fact that Mutual fund has taken this shares. Our range of enterprise communication services includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. Route Mobile IPO Details. Route Mobile IPO Allotment & Listing Details: Route Mobile IPO allotment date is 16 September 2020 but the allotment might come on 17 September 2020. Repayment or pre-payment, in full or part, of certain borrowings of our Company;2. Issue Details: Issue Period: 09 Sept – 11 sept 2020: Anchor Investors: 08-09-2020 Issue Details: Fresh Issue upto ₹ 240 Cr + Offer for Sale upto ₹ 360 Cr: Issue Size (Rs. Fresh issue: Rs 240 Cr. This plays a valuable role as it provides direct and indirect assess to global customers and flexibility to route it in a cost efficient manner. Route Mobile IPO is a main-board IPO of 17,391,303 equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. Retail Allocation: 35% • Choose Route Mobile as the name of the company from the drop-down menu and enter the application number or Demat account number or PAN to check if you have got any allotment. Route Mobile IPO will open on September 9, 2020. Steps to apply in Route Mobile IPO through Zerodha. In an exclusive chat with Business Insider, Non-Executive Director Sandip Gupta and the Chief Strategy Officer Gautam Badalia revealed details … The total IPO size is approx Rs ₹600 crore. Route Mobile IPO Review IPO Details. With an MNO focused suite of products, they also cater to large scale enterprises and OTT Players with their diversified offerings. A larger portion of RML’s overall revenues are from Enterprise vertical where it offers enterprise clients cloud communications platform that can be deployed and integrated with their existing business applications and systems. As per the subscription numbers, the basis of allotment Route Mobile is around 10:1. Your Password has been reset successfully. Route Mobile IPO is a public issue of 12173912 equity shares. No worries for refund as the money remains in investor's account”, "Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Route Mobile Limited IPO – Full Details. Visit Zerodha IPO Application Process Review for more detail. Email: einward.ris@karvy.com Established in 2004, Route Mobile Ltd. (RML) is a leading Global Cloud Communications Platform service provider, catering to enterprises, over-the top (OTT) players and mobile network operators (MNOs). Route Mobile IPO Issue Details. Objects of the Route Mobile IPO: (i) Offer for Sale (360 Crores) Promoters namely Mr. Sandip Kumar Gupta and Rajdip Kumar Gupta are selling 180 Crores each. Investment in securities market are subject to market risk, read all related documents carefully before investing. IPO Opens on: 9 September 2020 IPO Closes on: 11 September 2020 Price Band: Rs 345-350 per share. The Issue will remain open till September 11, 2020. Isi line me ek nayi IPO aane waali hai 9th september ko, jo 600 crore ki IPO hone waali hai aur 3 din, yaani – 9-11 September tak chalegi. The Route Mobile IPO open date is Sep 9, 2020, and the close date is Sep 11, 2020. The Route Mobile IPO opens on Sep 9, 2020 and closes on Sep 11, 2020. The company is based in Mumbai. The company proposes to utilise the Net Proceeds towards funding the following objects:1. (ii) Fresh Issue (240 Crores) The funds received from the fresh iss ue will be utilized for; 1. It also captures the Holding Period Returns and Annual Returns. Phone: +91 22 4033 7676 Visit the UPI App (net banking or BHIM) to approve the mandate. 2) Company revenues shown consistent growth in the last 3 years. A detailed analysis of Route Mobile IPO. The sectors in which RML operates globally are heavily regulated: RML operates in 18 countries and provides services to clients across the world. What is the lot size of Route Mobile IPO? Mumbai 400 064 ), you need not undergo the same process again when you approach another intermediary. Fresh issue: Rs 240 Cr. General corporate purposes. Among them Sandeep Kumar Gupta and Rajdeep Kumar Gupta are about to sell shares worth Rs 180-180 crore. Long term players should not be worried about the current price. The risk from potential claims resulting from the client's misuse of its platform to send unauthorized text messages in violation of TRAI regulations. Cloud Communication Cloud communication is an entirely new way to build, deploy, and scale enterprise communications systems. What to do please suggest, '' Owls eye '' - should be dismissed from this site as he is joking here instead with his house ladies, आपके मुह मे घी शक्कर, Other than He and She we have another option "It" ☺️, Can u provide me any hint of any person or any area where i sud search for person , to whom i can sell applications @kostak. Enterprises use this platform to send communications like OTP, transaction confirmation, updates, etc. Route Mobile IPO Review, Dates, Price Bands, Market Lot, Route Mobile IPO Grey Market Price Details. IPO Date. The initial public offer (IPO) of Route Mobile, a cloud communications service provider, opens for public subscription today. Shares will be listed on both BSE and NSE. Promoters are offering --- equity shares to public through this issue which is worth of Rs 600 Crores. Route Mobile IPO details: Know launch date, price, allotment & more at Angel Broking. It includes, but is not limited to Voice over Internet Protocol or VoIP, Communication as a Service or CaaS and Unified Communications or UC. The IPO includes a fresh issue of 240 shares and an offer of sale of Rs 360 crore through the promoters. Face Value- Rs 10 per share. Route Mobile IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code. The investor can bid for a multiple of 40 equity shares. * Brokerage will be levied flat fee/executed order basis and not on percentage basis. Bid Lot: 40 shares and in multiples of shares. For other IPO details on Route Mobile Ltd IPO… The omnichannel cloud communication service provider has fixed the price band for the issue at Rs 345-Rs 350 per share. The article is about Route Mobile IPO Review, Company Details, Issue Details. While a positive cloud prevails around the subscription numbers of Route Mobile IPO, it is essential that you get to know the key facts about Route Mobile IPO that will help you make up your mind and choose whether or not to get on board with the company. The Route Mobile IPO market lot size is 40 shares.    Rangareddi, Telangana India - 500 032. Route Mobile Ltd is coming out with an IPO with a Fresh Issue of Equity shares aggregating up to Rs 240 crore and an Offer for sale of Equity Shares aggregating up to Rs 360 crore bringing the total size to Rs 600 crore. Minimum Investment: Rs 14,000. The issue may list on Sep 21, 2020. Route Mobile IPO Details Route Mobile IPO issue open date is 9th September 2020 and close date is 11th September 2020. Route Mobile ₹600 crore IPO opens tomorrow. About Route Mobile Ltd IPO. Issue Details: Issue Period: 09 Sept – 11 sept 2020: Anchor Investors: 08-09-2020 : Issue Details: Fresh Issue upto ₹ 240 Cr + Offer for Sale upto ₹ 360 Cr: Issue Size (Rs. ASBA IPO application is available in the net banking of your bank account. • You can check the status of your bid here: ipo.alankit.com. Equity Shares outstanding prior to the Issue = 5,00,00,000 Shares Fresh Issue of 68,57,142 Shares @350/- … The Cloud communications service provider, Route Mobile IPO comprises a fresh issue of shares worth Rs 240 crore and a secondary market sale of shares worth Rs 360 crore by the promoter Sandipkumar Gupta and Rajdipkumar Gupta. The price band is fixed from Rs 345-350 per share and minimum lot size is 40 shares. You must have experienced while calling to any of the customer care service departments that pre-recorded an automated response system and then you get a chance to talk to the customer care officer. It also captures the Holding Period Returns and Annual Returns. ROUTE MOBILE Ltd IPO Details. Website: https://karisma.kfintech.com/. Route Mobile IPO – Reasons why NOT to Invest. Dont have an account? Route Mobile IPO Details. Check the Route Mobile IPO allotment status. 1,71,42,857 Eq Shares of Rs 10 (aggregating up to Rs 600.00 Cr) For other IPO details on Route Mobile Ltd IPO… Eq Shares of ₹10 (aggregating up to ₹240.00 Cr)    Financial District,Nanakramguda, Serilingampally, The minimum order quantity has to be 40 Equity Shares. Website: http://www.routemobile.com/, KFintech Private Limited The price band of public issue is Rs 340-350 per share. Key Risk Factors: Enterprise: The Company provides a … Acquisitions and other strategic initiatives;3. By leveraging on its full stack and scale, RML has been able to post a solid revenue CAGR of ~38% over FY18-20. Thank You! Our range of enterprise communication services includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. Retail & Employees Discount: Rs 0 per share. They plan to raise around Rs … Route Mobile IPO Details permalink. |, Day by Day Subscription Details (Live Status), Choice Equity Broking Pvt Ltd - Subscribe, Investmentz Ltd - Subscribe for Long Term, Religare Broking Limited - Subscribe for Long Term, Rudra Shares & Stock Brokers Ltd - Subscribe. Route Mobile IPO details Through this IPO, the company plans to garner Rs 600 crore. The company operates in 3 business verticals: 1. Route Mobile is a cloud communication service provider which has come up with an IPO to raise INR 600 crore from the equity markets. 600 crore IPO from cloud computing business will include a fresh issue of up to Rs. KFintech Private Limited is the registrar for the IPO. 240 crore fresh shares will be issued in the issue. Route Mobile IPO is a main-board IPO of 17,391,303 equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. IPO Date: Sep 9, 2020 – Sep 11, 2020: Issue Type: Book Built Issue IPO: Issue Size: 17,391,303 Eq Shares of ₹10 (aggregating up to ₹600.00 Cr) Fresh Issue [.] ROUTE MOBILE IPO – OUR VIEW. A retail-individual investor can apply for up to 14 lots (560 shares or ₹196,000). Its enterprise communication services include smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. The company proposes to raise Rs 600 crore through the IPO which comprises fresh issue of shares worth Rs 240 crore and an offer for sale (OFS) of Rs 360 crore by promoters -- Y Sandipkumar Gupta and Rajdipkumar Gupta. (ii) Fresh Issue (240 Crores) The funds received from the fresh iss ue will be utilized for; 1. Route Mobile IPO Details. Source: RHP, 5paisa Research, Note: P/E is on upper end of price band. 1) Route mobile is a niche player that provides cloud-communication platform as a service to enterprises, over-the-top players and mobile network operators. Route Mobile Ltd IPO is a Mainstream IPO, which is open for all investors from 9th September 2020, Wednesday to 11th September 2020, Friday. The IPO Issue is a combination of Fresh (Rs. This way your capital would be protected. Issue open- 9 th Sep 2020 to 11 Sep 2020. Upcoming IPO September 4, 2020. With new mandate from SEBI, all physical application need to use UPI mode of payment. The 10 largest clients of RML accounted for approximately 36.1%, 46.0%, 52.5% and 63.7% of revenue from operations in Fiscal 2018, 2019 and 2020 and in the three months ended June 30, 2020, respectively. Loss of a key client and lower quantum of repeat business from existing clients can impact the revenue and earnings growth. Route Mobile to open IPO on Sept 9 in the Price Band of Rs. 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 Eq Shares of ₹10 (aggregating up to ₹240.00 Cr) Offer for Sale [.] Offer for Sale: Rs 360 Cr. Same with me, kindly write a email to co. registrar as well as complain to SEBI . Route Mobile IPO Details. The shares are proposed to be listed on BSE, NSE. Route Mobile IPO Shares Offered. Route mobile IPO price band The company has kept a price band of Rs 345–350 for the IPO. Purchase of office premises in Mumbai; and4. The face value for Route Mobile IPO is Rs 10 per equity share. Route Mobile IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code. 17-Sept-20. 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