Route Mobile IPO was subscribed only 75 Times times. This IPO was available for subscription between September 9-11. Route Mobile … Route Mobile IPO … Return on Net Worth (RONW) = 25.65% Net Asset Value = 44.56 /Share. Face Value = Rs 10. 'Route Mobile Ipo' - … Step 2: Next to Issue Type, opt for Equity. Route Mobile IPO live subscription information has opted from NSE and BSE site. The IPO of the Mumbai-based company was subscribed 73.30 times by … Earnings Per Share (EPS) = Rs 13.83 PE Ratio = 24.95-25.31 (Approx). Route Mobile IPO Subscription Numbers & Status. Now investors are looking for the allotment status of Shares. Route Mobile Initial Public Offer: The offer IPO will be open for three trading days, from September 9 to September 11, at a price band of Rs 345-350 per share. Whereas, You can check Allotment on September 16, 2020. The initial public offer (IPO) of Route Mobile received bids for 89.23 crore shares today, 11 September 2020, as against 1.21 crore shares on offer, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. Below are Details of Grey Market Premium (GMP) and Kostak Rate of Route Mobile Limited IPO.Please note GMP is only work when subscription figure is high.Always looks for subscription figure before looking to Grey Market Premium (GMP).Grey Market Premium (GMP) may go up or down depend on Subscription figure.Subscription figure is available on Home page for main line IPO and SME page for SME IPO. Latest Route Mobile IPO status on today, IPO received 4.15 times bids so far on Day 2 of the bidding process on Thursday. Route Mobile Ltd IPO - Visit Edelweiss to view Route Mobile Ltd IPO allotment, status, price, listing date, subscription status, financial performance, size & company information. NEW DELHI: Route Mobile, whose IPO received strong response from high-net worth individuals (HNIs) and qualified institutional bidders last week, is likely to finalise the basis of allotment on Wednesday. Go to the IPO Section => IPO Listing => Open IPO. As per data available with NSE, the Route Mobile IPO issue received bids for 5,05,09,920 shares by the end of the day, which was 4.15 times the total issue size of 1,21,73,912 shares. The Route Mobile IPO is over subscribed 73.3 times by September 11, 2020. Route Mobile is a leading Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). The company has offered 600 crore initial public offering with an amazing 73.3 percent subscription during September 9 to 11 and the price was Rs 345-350 per share. The Rs 600-crore Route Mobile IPO obtained the right response, subscribing over 74 times on the closing day of the bidding. About Route Mobile Ltd IPO. Step 4: Key in your application number. Our range of enterprise communication services includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. Qualified Institutional Buyers: 3,478,259 Shares The cloud communications service provider, which used to be open for subscription from September 9-11, in the price band of Rs 345-350, received bids for over 89 crore shares as against the total issue size of 1.21 crore shares. Route Mobile has completed its initial public offering (IPO) with a massive response from the high net worth individual (HNIs). Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. Route Mobile IPO issue of Rs 600-crore initial public offering witnessed a massive 73.3 percent subscription during September 9-11 and the price band was Rs 345-350 per share. Route Mobile company is expected to start trading on the stock market on September 21 with a likely final issue price of Rs 350 per share. Route Mobile's 600-crore IPO may be announced soon. As per the subscription numbers, the basis of allotment of Route Mobile is around 10:1 Route Mobile IPO subscribed 73.30x times, QIB 89.76x, HNI 192.81x and RII 12.67x times overall. How to check Route Mobile IPO allotment: If you have subscribed for the IPO of Route Mobile, you can check allotment status with on the BSE website: Step 1: Go to BSE website. Route Mobile Limited IPO Allotment Status Here, you can find the Allotment Status of this IPO. The issue, which was sold from September 9 to September 11 in the price band of Rs 345-350, was subscribed 73.3 times. Route Mobile IPO - Open & Listing Date, Price, News, DRHP, RHP , Subscription, Allotment and GMP. Live subscription information updates in every 10 mins for the open IPO. If you have subscribed to the Route Mobile’s ₹ 600-crore IPO, you can check your allotment status by following these simple steps: To check … Rossari Biotech ended the IPO hiatus in July, being the first company to float IPO offers amid the lockdown. Route Mobile IPO Subscription Details as on (9 Sept 5:00 pm) The Rs 600 crore Route Mobile IPO received 73.30 times bids on the final day of the bidding process. We merge both the data and present it in a readable format. NEW DELHI: The public issue of Route Mobile, the cloud communication platform as a service provider, has subscribed 45.68 percent on September 9, the first day of bidding. The issue was subscribed 73.30 times. Route Mobile IPO Subscription (Allotment) Status Today The demand of Route Mobile IPO was huge on 2nd & Last Day. Step 3: Under the Issue Name, use the dropdown to choose Route Mobile Limited. Route Mobile’s initial public offering (IPO) of Rs 600 crore received a stellar response from the investment community. Join Route Mobile IPO discussion here. Non-institutional portion subscribed about 192.81 times. The IPO has received bids for 56 lakh equity shares against offer size of over 1.21 crore equity shares, the data available on exchanges showed. Once you select 'Subscribe'. Route Mobile IPO allotment status: Investors can check the subscription status on the online portal of Karvy Computershare Private, the registrar to the IPO On the Subscribe Screen/Page, you will be required to enter the number of lots, cut-off price, UPI ID and tap Verify. Online Procedure to Apply For Route Mobile IPO. Final day: Route Mobile IPO subscribed 73 times, HNIs 193 times Route Mobile has already raised Rs 180 crore from anchor investors at Rs 350 per share, the … Route Mobile IPO Subscription Status Today. In the qualified Institutional Byers category, the IPO received 89.76 times more subscriptions. After the dry spell of nearly four months, the Indian IPO market is gaining momentum again. Analysts are positive on the issue and believe the IPO … Route Mobile IPO Subscription Data (Live) Route Mobile will launch IPO offers in the second week of September. Qualified Institutional Buyers (QIBs) like banks, mutual funds and other registered financial institutes were reserved for 3478259 shares and received bids for 312208527 shares which is 89.76 times of total meant for QIB category. However, the Allotment status is not yet disclosed. Route Mobile IPO allotment status: The Rs 600 crore initial public offering (IPO) of Route Mobile, a cloud communication platform provider, met with a good response from the market last week. The IPO, which is being sold at Rs 345-350 per share, is seeking a valuation of 29 times PE on FY20 basis (fully diluted). The Rs 600-crore public offer of Route Mobile… Which is considered as a poor subscription compared to other IPOs. Check here Route Mobile IPO GMP, Detail, Subscription status and Listing. You can check your allotment status through the website of Registrar - KFin Technologies appointed for IPO: >> Select IPO "Route Mobile" from the dropdown. Investors have shown tremendous interest in this initial public issue (IPO). Route Mobile IPO issue will be opening its initial public offering on September 9, 2020 and will close on September 11, 2020, with a price band of ₹ 345 – ₹ 350 per Equity Share. The initial public offer IPO of Route Mobile received bids 73.3 times the issue size on the final day on September 11. Route Mobile IPO Valuations. The IPO received 73.3 times the subscription. On tapping Route Mobile IPO, you can directly click on Subscribe to apply or even view the IPO details. The IPO of the cloud communication platform provider was underwritten 73.30 times, receiving offers for more than 89 crore shares against a total issue size of 1.21 crore. Route Mobile IPO subscription open Date is September 09, 2020 and close Date is September 11, 2020. 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