What is the date of the Route Mobile IPO listing? The Promoter of this company is Sandipkumar Gupta and Rajdipkumar Gupta. Its global operations included nine direct and 12 step-down subsidiaries serving clients through 18 locations across Africa, Asia Pacific, Europe, Middle East and North America. Their clients include some of the world’s largest and well-known organisations, including a number of Fortune Global 500 companies. ‘Submit’ IPO application form. Grey market premium as on 6-09-2020 = Rs 220-225/Share. - Double your Investment in just 1 week, Route Mobile IPO is listed at 105% premium, check out the live share price by clicking on the below link, The Promoter of this company is Sandipkumar Gupta and Rajdipkumar Gupta. What is … What will be Route Mobile IPO Listing Price The IPO might list at ₹550-₹600 as per the market speculations Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Route Mobile Limited IPO – Full Details. Goldman Sachs, Franklin Templeton Mutual Fund, SBI Life Insurance, Kuwait Investment Authority, Vantage Equity Fund, Axis Mutual Fund, Macquarie and SBI Mutual Fund are among the anchor investors, according to information available with stock exchanges. 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. Acquisitions and other strategic initiatives; Issue Type. 1) About: Cloud communication platform provider Route Mobile is set to open its initial public offering (IPO) for three days on September 9. What is the listing date of Route Mobile Ltd IPO? You can check the live performance of the IPO here, only after it is listed on exchanges. Check Business Breaking News Live on Zee Business Twitter and Facebook. The company is looking to raise ₹600 crore, which it plans to use for business expansion. IPO Date. The public issue of Route Mobile IPO was opened on Sep 9, 2020 and closed for subscription on Sep 11, 2020. Top 10 stock brokers in India – Compare Top share broker of 2020, India Infoline or IIFL Brokerage Calculator, Up to [●] Equity Shares aggregating up to Rs.2,400, Rathindra Das, Company Secretary and Compliance Officer, Omni-channel cloud communication platform service provider with diversified service offerings for enterprises, Global connectivity through established relationships with MNOs, Diversified and global client base across industries serviced locally, Scalable delivery platform supported by robust infrastructure, Robust business model and consistent financial track record, Experienced Promoters and senior management team, Continue to develop omni-channel digital communication offerings and innovative solutions, Continue to focus on developer community program, Enhance service offerings through inorganic opportunities, Grow presence in additional markets to serve clients locally, Leverage their CPaaS platform and BPO expertise to deliver virtual contact centre solutions. As of June 30, 2020, they have serviced over 30,150 clients, cumulatively since inception, across sectors including social media, banking and financial services, aviation, retail, internet/ e-commerce, logistics, healthcare, hospitality, media and entertainment, pharmaceuticals and telecom. Delivery is Free. The opening and the closing date of IPO of Route Mobile Limited is Sep 9, 2020 and Sep 11, 2020. Sharekhan: Open a Demat Account with Sharekhan & Get Free Advisory & Trade with Best Trading App Now! Their range of enterprise communication services include application-to-peer (“A2P”) / peer-to-application (“P2A”) / 2Way Messaging, RCS, OTT business messaging, voice, email, and omni-channel communication. A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus: Their EBITDA for Fiscal 2018, 2019 and 2020, and the three months ended June 30, 2020 was Rs.801.35 million, Rs.999.63 million, Rs.1,116.67 million and Rs.402.99 million and their EBITDA margins for the same periods were 15.73%, Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company, aggregating to Rs.2,400 million, Issue Size: 17,391,303 Equity Shares of Rs.10 each, aggregating to Rs.6,000 million. Google acquires Neverware that turns old PCs into Chromebooks, EKDUM Biryani – Reason for jubilation for all Biryani lovers; Jubilant FoodWorks enters into this segment, Stocks in Focus on December 17: IndusInd Bank, IDFC First Bank, GIPCL, Jubilant FoodWorks to Logistics stocks; here are the 5 Newsmakers of the Day, Ashok Leyland, Hindalco, Bharti Airtel, ICICI Bank and IndusInd Bank: Derivatives summary for traders. 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. Purchase of office premises in Mumbai; and Route Mobile Ltd IPO will open on 09 Sep 2020 and close on 11 Sep 2020. Their Company proposes to utilise the Net Proceeds towards funding the following objects: 1. IPO Review: Get Detailed Review of all Top IPOs of 2018. Route Mobile Ltd IPO will list on 21 Sep 2020. 3,600mn). What is the Initial Public Offering size of Route Mobile? Revenue from their operations were Rs.5,049.48 million, Rs.8,446.68 million, Rs.9,562.52 million and Rs.3,096.14 About Route Mobile. Their omni-channel platform enables enterprises to leverage various modes of digital communication to engage with their stakeholders – including customers, employees and vendors. General corporate purposes. Repayment or pre-payment, in full or part, of certain borrowings of their Company; Route mobile IPO price band The Route Mobile Limited IPO Grey Market Premium price is Rs 190-200, the Kostak rate is Rs 700 and the Subject to Sauda is 4000.Â. Let’s have a detailed review of the company and analytics of the Route Mobile IPO release date, IPO offer price, subscription, Route Mobile Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things. The lead managers to the issue are ICICI Securities Limited, IDBI Capital Markets & Securities Limited, Axis Capital Limited and Edelweiss Financial Services Limited, and the Registrar to this issue is KFin Technologies Private Limited. - Become Preferred Client for IPO Subscription The IPO Shares of Route Mobile Ltd IPO are proposed to list on Monday, September 21, 2020 at BSE, NSE. The total IPO size is approx Rs ₹600 crore. (If you wish to know 'How to apply for an IPO, Read here) Here are 10 key things that you should know before you subscribe. Upstox or RKSV: Flat Rs.20 per Intraday trade. Switch to UPSTOX from your existing broker and avail Rs.2,000 as brokerage credit. Get the Deal !!! However, the Allotment status is not yet disclosed. The shares subscribed by the public will be updated here. As per the subscription numbers, the basis of allotment Route Mobile will be updated soon. Route Mobile Limited IPO Review by Top 10 Stock Brokers. Route Mobile IPO – Reasons to Invest. Visit Narnolia to get complete information on Route Mobile Ltd. IPO including listing date, allotment status, analysis and recommendations. Go to Portfolio and click the IPOs link. The initial public offer (IPO) of Route Mobile, a cloud communications service provider, opens for public subscription today i.e. Grey market premium as on 8-09-2020 = Rs 190-200/Share. The face value of each share is Rs 10, but the price band of the IPO is Rs 345 – 350. . Promoters are offering --- equity shares to public through this issue which is worth of Rs 600 Crores. Route Mobile is offering shares at a price band of ₹ 345-350 apiece. Team EdelweissPartners They were incorporated in 2004 and are headquartered in Mumbai, India. Last week, the Route Mobile IPO has received a positive response from individuals (HNIs) and qualified institutional bidders. Get the Deal !!! Mrs Bectors IPO: HUGE HIT! Route Mobile IPO Review & its Company valuation details Route Mobile Limited was incorporated in the year 2004. * City * email * Select Services Subscribe to IPOOpen Demat Account, News 1 – Route Mobile Limited IPO RHP Download, Calculate your return on investment! You can check the live performance of the IPO here, only after it is listed on exchanges. Route Mobile Limited IPO Subscription The shares subscribed by the public will be updated here. Route Mobile IPO Date Price. Experienced Promoters and senior management team. This issue can be subscribed till September 11. Top notch Advisory. BSE LIVE Bid Details of Route Mobile IPO 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 Allotment Status Date and Listing. Posted on September 3, 2020 September 29, 2020. Their operations are internally aligned into the following business verticals: (iii) business process outsourcing (“BPO”). When Route Mobile IPO allotment date? As on the date of this Red Herring Prospectus, their global operations included nine direct and 12 step-down subsidiaries serving their clients through 18 locations across Africa, Asia Pacific, Europe, Middle East and North America. Get the Offer !!! 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 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. Sep 9, 2020 - Sep 11, 2020. Competitive Strengths of Route Mobile Limited, Route Mobile Limited IPO Offer Details or Issue Details, Up to [●] Equity Shares aggregating up to Rs.6,000 million, Up to [●] Equity Shares aggregating up to Rs. million in Fiscal 2018, 2019 and 2020, and in the three months ended June 30, 2020, respectively. The total Issue Size is 17.143 - … The face value for Route Mobile IPO is Rs 10 per equity share. Route Mobile IPO Established in the year 2004, Route Mobile Limited is one of India’s leading providers of Communications Platform as a Service (CPaaS). Angel Broking: Rs.20 flat brokerage per order for all segments, except Equity Delivery Trading is absolutely Free. Route Mobile provides these unique services and there are no comparable peers in this market (as per DRHP). Meanwhile, the company on Tuesday said it has garnered Rs 180 crore from 15 anchor investors ahead of its initial share-sale offer that opens for public subscription on Wednesday. )Profit (%)IPOEquitySavingsReal EstateGoldBondsFixed DepositMutual Fund, Select Year Issue Size. 3. The lead managers to the issue are, The opening and the closing date of IPO of Route Mobile Limited is, Route Mobile Limited IPO Allotment Status. The closing date for the IPO is September 11. Here, you can find the Allotment Status of this IPO. Grey Market Premium of Route Mobile IPO Day by Day. Government responds about comeback of game - check report, NEET 2020 result: Six students from Mumbai slum crack prestigious test. 4. 3,600, Business strategies of Route Mobile Limited, Route Mobile Limited IPO – Basis of the Offer Price. Incorporated in 2004, Route Mobile is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). Subscribe on YouTube. Route Mobile’s IPO opens tomorrow. The IPO Issue is a combination of Fresh (Rs. The opening and the closing date of IPO of Route Mobile Limited is Sep 9, 2020 and Sep 11, 2020. Copyright © Zee Media Corporation Ltd. All rights reserved, Hyderabadi nizami biryani, Lucknowi nawabi biryani, Dindigul biryani to Kolkata biryani, Jubilant Foods forays into India's most ordered dish at just Rs 99, Income Tax refunds alert! Dec 12, 2020 / 06:12 PM IST The basis of allotment for Route Mobile IPO has been finalised. Route Mobile Ltd. plans on raising Rs. Rs 1000 waived). 6,000mn with this IPO. Calculate Cloud communication platform provider Route Mobile is set to open its initial public offering (IPO) for three days on September 9. 3 Months6 Months1 Year2 Year3 Year4 Year5 Year Route Mobile IPO description – Route Mobile offers cloud-communication platform as a service (CPaaS) to enterprises, over-the-top (OTT) players and mobile network operators (MNOs).The company ranked second globally as a tier 1 application-to-peer (A2P) service provider in 2017. The company plans to garner Rs 600 crore via public issue. Zee Business Managing Editor Anil Singhvi suggests that investors should look at this IPO for listing gains or long term investments. Important ITR message from CBDT - What I-T return filers should know, In chat with Anil Singhvi, MK Surana, CMD, HPCL says planning to increase focus on city gas distribution, PUBG Mobile India launch date: CONFUSION CLEARED! Author IPO Guru. 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