Route

Incorporated in 2004, Route Mobile Limited is among the leading Communications Platform as a Service (CPaaS) provider and a tier-one application-to-peer (A2P) service provider. Its enterprise communication services include new age solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. The company operates in 3 business verticals: 1. Enterprise: The Company provides a cloud-communication platform as a service to enterprises, over-the-top players, and mobile network operators around the world. 2. Mobile Operator: Services in this segment include SMS analytics, firewall, filtering, monetization, and hubbing solutions. 3. Business Process Outsourcing (BPO): The Company provides a range of BPO services including client support, technical support, booking, and collection services. The companys clients include some of the worlds largest organizations, including several Fortune Global 500 companies.

Key Facts (As of June 2020):

- 318 Employees - 18 locations across Africa, Asia Pacific, Europe, the Middle East, and North America. - Served 30150+ clients globally - 2.5+ Billion Messages per month in fiscal 2020 - 31+ Billion Billable transactions in fiscal 2020 - 800+ Network Operators - 240+ Direct Connections or Super Networks - 6 Strategically Located Data Centers. - 4 Short Message Service Centers Competitive Strengths 1. Leading cloud communications service provider offering CPaaS. 2. Omnichannel Platform for easy campaign scheduling and reporting. 3. Easy to use the console to plan, deploy & monitor campaigns. 4. Global & Local customization expertise. 5. Consultative and Lean approach for better customer engagement.

Company Promoters:

Sandipkumar Gupta and Rajdipkumar Gupta are the promoters of the company.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Million)
30-June-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 6,348.31 6,265.48 5,057.81 4,473.66
Total Revenue 3,122.95 9,681.02 8,523.77 5,094.85
Profit After Tax 269.34 691.02 545.32 466.77

Objects of the Issue:

The company proposes to utilise the Net Proceeds towards funding the following objects:
1. Repayment or pre-payment, in full or part, of certain borrowings of our Company;
2. Acquisitions and other strategic initiatives;
3. Purchase of office premises in Mumbai; and
4. General corporate purposes.

Route Mobile IPO Details

IPO Opening Date Sep 9, 2020
IPO Closing Date Sep 11, 2020
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹345 to ₹350 per equity share
Market Lot 40 Shares
Min Order Quantity 40 Shares
Listing At BSE, NSE
Issue Size17,391,303 Eq Shares of ₹10
(aggregating up to ₹600.00 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹240.00 Cr)
Offer for Sale[.] Eq Shares of ₹10
(aggregating up to ₹360.00 Cr)

Route Mobile IPO Tentative Timetable

The Route Mobile IPO open date is Sep 9, 2020, and the close date is Sep 11, 2020. The issue may list on Sep 21, 2020.

IPO Open Date Sep 9, 2020
IPO Close Date Sep 11, 2020
Basis of Allotment Date Sep 16, 2020
Initiation of Refunds Sep 17, 2020
Credit of Shares to Demat Account Sep 18, 2020
IPO Listing Date Sep 21, 2020

Route Mobile IPO Lot Size

The Route Mobile IPO market lot size is 40 shares. A retail-individual investor can apply for up to 14 lots (560 shares or ₹196,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 40 ₹14,000
Maximum 14 560 ₹196,000

Route Mobile IPO Promoter Holding

Pre Issue Share Holding 96%
Post Issue Share Holding 66.33%

Route Mobile IPO Offer Size by Investor Category

The Percentage of Offer Size available for Allotment/allocation:

  • QIBs: 50% (Rs 300 Cr)
  • Non-Institutional Investors: 15% (Rs 90 Cr)
  • Retail Individual Investors: 35% (Rs 210 Cr)

Risks to Investors in Route Mobile IPO

  • Operate in a highly evolving market.
  • Greater dependency on 3rd parties mobile network operations.
  • Revenues depend on a limited number of clients.
  • Rely on 3rd party technology systems and infrastructure to provide services and solutions to clients.
  • The risk from potential claims resulting from the clients misuse of its platform to send unauthorized text messages in violation of TRAI regulations.

Route Mobile IPO Subscription Status (Bidding Detail)

The Route Mobile IPO is subscribed 73.30x times on Sep 11, 2020 17:00. The public issue subscribed 12.67x in the retail category, 89.76x in the QIB category, and 192.81x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

89.76x

NII

192.81x

RII

12.67x

Total

73.30x

* Application wise IPO Subscription in Retail: 1,516,451

Rating:Rated

Listing Date Monday, September 21, 2020
BSE Script Code 543228
NSE Symbol ROUTE
Listing In B Group of Securities
ISIN INE450U01017
IPO Price ₹350 per equity share
Face Value ₹10 per equity share
.
IPO Price
Open
Low
High
Last Trade
BSE
₹350.00
₹708.00
₹625.00
₹735.00
₹651.10
NSE
₹350.00
₹717.00
₹625.00
₹735.00
₹651.30

Route Mobile Ltd
4th Dimension, 3rd Floor
Mind Space, Malad (West)
Mumbai 400 064
Phone: +91 22 4033 7676
Email: investors@routemobile.com
Website: http://www.routemobile.com/

Route Mobile IPO FAQs

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. The issue is priced at ₹345 to ₹350 per equity share. The minimum order quantity is 40 Shares.

The IPO opens on Sep 9, 2020, and closes on Sep 11, 2020.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Route Mobile IPO using UPI as a payment gateway. Zerodha customers can apply in Route Mobile IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Route Mobile IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the Route Mobile IPO row and click the Bid button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Route Mobile IPO opens on Sep 9, 2020 and closes on Sep 11, 2020.

Route Mobile IPO lot size is 40 Shares and the minimum order quantity is 40 Shares.

You can apply in Route Mobile IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who dont offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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. Check the Route Mobile IPO allotment status.

The Route Mobile IPO listing date is on Monday, September 21, 2020.

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