The maiden issue received 89.23 crore bids against 1.2 crore shares on offer as of 5:00 pm on Friday, according to data by Axis Capital. Mobile App: Trade easily from your Android, iPhone or iPad with our mobile app. Route Mobile gets SEBI nod for Rs600cr IPO The company had initially filed for its IPO in January 2018, it refiled its document on October 3, 2019. The initial public offer (IPO) of Route Mobile received bids for 1.22 crore shares today, 9 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. 2. Call ‘N’ Trade using our Centralised Dealing Desk. Investors, who have subscribed for the public offer, can check their IPO allotment status through two available options: Option 1. NEW DELHI: Route Mobile today said it has filed draft prospectus with the market regulator for Initial Public Offering (IPO) and plans to raise about Rs 600 crore through a … Call ‘N’ Trade: Never miss out on trading opportunities. Route Mobile IPO Lead Managers. Motilal Oswal Investment Advisors Lit. Read Full Details Here : Route Mobile IPO Note : IPO GMP (Grey Market Premium) can’t be used for taking any sort of decision, investors should proceed carefully and do there own study and analysis before proceeding further, GMP can’t be treated as basis for investment decision. Route Mobile IPO listing Date is Sep 21, 2020.The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. Route Mobile Ltd - IPO Note Issue Open: Sept 09 Sept 11, 2020 Price Band: Rs. Route Mobile, a cloud communications service provider, will launch its initial public offering next week to raise an estimated Rs 600 crore, merchant banking sources said on Thursday. 591.42 - … Second, and crucially, its revenues have consistently grown; ₹464.8 crore in FY17, ₹509.4 crore in FY18, ₹852.3 crore in FY19,and ₹968.1crore in FY20. Route Mobile, a cloud communications service provider, will launch its initial public offering next week to raise an estimated Rs 600 crore, merchant banking sources said on Thursday. Route Mobile Ltd.'s Rs 600-crore initial public offering was subscribed 74.36 times on the final day of bidding, led by demand from non-institutional investors. New Delhi: Route Mobile, a cloud-communication platform provider to enterprises, over-the-top (“OTT”) players and mobile network operators (“MNOs”), launched initial public offer (IPO) of its shares to raise Rs 600 crore from the primary market.The issue comprises Rs 240 crore of fresh equity issue and an offer for sale by promoters up to Rs 360 crore. The IPO Synopsis - 72028/72028. Route Mobile to open IPO on Sept 9 in the Price Band of Rs. Ipo King Sep 11 2020 11:50:14 AM Now, let us have a look at the prospectus of the company. Download IPO forms for the ASBA application. Its EPS (earnings per share) stands at 8.17 (as of FY18 basic and diluted). You can check your allotment status through the website of Registrar – KFin Technologies appointed for IPO: Select IPO “Route Mobile” from the dropdown. Updates: Download RailTel, Mrs. Bectors Food ASBA IPO Applications forms online for current and upcoming SME IPOs. Route Mobile’s initial public offering (IPO) of Rs 600 crore received a stellar response from the investment community. The blank or printed ASBA forms available for download before 2 days of the IPO open for subscription. Get the information on Route-Mobile IPO Including 21-Sep-2020, Allotment, Analysis detail. 3. According to the draft prospectus, the share sale will include a fresh issue worth Rs 350 crore, while the promoters will offer 6.5 million shares in an offer for sale. In December 2010, One97 Communications Ltd, the parent of e-payments and e-commerce firm Paytm, had filed a draft prospectus for an IPO but shelved its plans citing volatile market conditions. Mumbai: Route Mobile Ltd, a provider of cloud-communication platform services, on Monday filed the draft red herring prospectus (DRHP) for its initial public offering (IPO). 345 350 *Issue Size: 17,142,857 eq shares (Fresh issue 6,857,143 + Offer for sale of 10,285,714 eq sh) Issue Size: Rs. कम्पनी IPO के दौरान करीब ₹600 करोड़ के ... Route Mobile IPO Prospectus File. Login to your Net Banking option and go to Invest / IPO section. 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. 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. Route Mobile IPO Form: Thinking about how to apply the Route Mobile IPO? Let’s get the complete review of Route Mobile business overview, IPO dates, Route Mobile IPO allotment, subscription, company financials, and other information. The issue was full subscribed. It shows the company is making a moderate profit throughout the years. The price band for IPO is ₹345-350, lot size 40 shares. Route Mobile IPO Review. ... media and entertainment, pharmaceuticals and telecom. But this company Route Mobile has good potential in present market condition, chances of this IPO opening in RED is rare. J. Sagar Associates (JSA) advised ICICI Securities Limited, Axis Capital Limited, Edelweiss Financial Services Limited and IDBI Capital Markets & Securities Limited (together the "BRLMs") in relation to the recently concluded initial public offering of Route Mobile Limited (RML). RSS stands for Really Simple Syndication. It will open for Huge Gap up on Listing Day. The IPO comprises a fresh issue of up Rs 350 crore and an offer for sale of upto 65 lakh shares by promoters Sandipkumar Gupta and Rajdipkumar Gupta. Route Mobile IPO review (Subscribe) ... Route Mobile Ltd. (RML) is providing a cloud-communication platform as a service (“CPaaS”) to enterprises, over-the-top (“OTT”) players and mobile network operators (“MNOs”). IDBI Capital Markets & Securities Lit. Here is the answer, You can apply for Route Mobile IPO through the ASBA feature of your bank. Route Mobile Limited (“our Company” or “the Company” or “the Issuer”) was incorporated as ‘Routesms Solutions Private Limited’, a private limited company under the Companies Act, 1956 on May 14, 2004 at Mumbai, According to the ROCCO Report 2020, it ranked as a tier one application-to-peer (A2P) service provider internationally, second globally as a tier-one A2P service provider in 2017. An IPO and listing will make Route Mobile the first company in the mobile communication services segment to go public. 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. It employs close to 300 people. Give a missed call on 08010945114 to download the app. Route Mobile has received markets regulator Sebi’s nod to raise an estimated Rs 600 crore through initial public offering. One can download the IPO application form from below given links for the upcoming IPOs. Route Mobile, a cloud communications service provider, will launch its initial public offering next week to raise an estimated Rs 600 crore, merchant banking sources said on Thursday. RSS feed is a XML file that provides summaries, including links to the full versions of the content.It is available through RSS feed reader or through some browsers. First, the Route Mobile IPO will come right on the heels of the Happiest Minds IPO. 345-350 per equity share. BUSINESS ENQUIRY : +91 80122 78000 CUSTOMER SUPPORT : 044 4032 9999. YES Securities India Lit. Select the Route Mobile IPO, fill up and check the details and click submit. Chemcon Speciality Chemicals IPO: Happiest Minds IPO allotment is over and IPO investors are now looking for another IPO listing. In December 2010, One97 Communications Ltd, the parent of e-payments and e-commerce firm Paytm, had filed a draft prospectus with SEBI for an IPO but subsequently shelved its plans, citing volatile market conditions. RED HERRING PROSPECTUS Dated: September 2, 2020 Please read section 32 of the Companies Act, 2013 Book Built Offer ROUTE MOBILE LIMITED . So, the above chart contains the financial details of Route Mobile. This 45 … Route Mobile, one of the leading cloud-communication platform service providers, has filed its draft red herring prospectus (DRHP) with SEBI seeking permission for its initial public offering (IPO). Route Mobile Ltd. (RML) provides a cloud-communication platform as a service (CPaaS) to enterprises, over-the-top (OTT) players and mobile network operators (MNOs). Route Mobile Limited IPO will open on 9th to 11th Sep 2020. As the stock market has recovered well from lows in March 2020 and post-multifold bids for Happiest Minds and Route Mobile IPOs, equity experts are expecting many more IPO launchesin the remaining part of the year. Route Mobile Files Draft IPO papers with SEBI: Route Mobile Ltd, a provider of cloud-communication platform services, on Monday filed the draft red herring prospectus (DRHP) for its initial public offering (IPO).. 345-350 per equity share. Route Mobile to open IPO on Sept 9 in the Price Band of Rs. 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