Route Mobile IPO Review, Dates, Price Bands, Market Lot, Route Mobile IPO Grey Market Price Details. Net Proceeds are proposed to be utilized in the following manner: Mr Sandipkumar Gupta and Mr Rajdipkumar Gupta are the promoters of Route mobile. Route mobile provides cloud-communication platform as a service to enterprises, over-the-top players and mobile network operators (MNO). 3) Business Process Outsourcing (BPO): It provides a range of BPO services including client support, technical support, booking, and collection services. Chemcon Speciality Chemicals, Happiest Minds and Route Mobile doubled the shareholder value at the open price on their listing day. 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 issue price is fully priced. The Kostak price of Route Mobile Ltd IPO is Rs.450. On the NSE, it opened at Rs 717, a massive 104.9 percent premium over IPO price. Issue Type. Route Mobile IPO Subscription Details (Day by Day) Route Mobile IPO subscribed 73.30 times.Route Mobile IPO received bids for 12.67 times issue size in retail, 89.76 times issue … However, its margins are on declining mode. Suresh KP is the Founder of Myinvestmentideas. Join Route Mobile IPO discussion here. The company has planned to raise Rs 600 crore from the primary market through this issue. Route Mobile IPO - Open & Listing Date, Price, News, DRHP, RHP , Subscription, Allotment and GMP. The IPO doubled on listing! Means company is asking the issue price in the range of 16x to 28x. Updated: 21 Sep 2020, 10:02 AM IST Edited By Surajit Dasgupta. For last 3 years EPS of Rs 12.2, P/E ratio is 28.5x. route mobile limited . It earned 9.1% margins in FY2018 Vs 6.1% in FY2020. IPO details The Rs 600 crore Route Mobile initial public offer (IPO) is all set to hit the primary market on Wednesday. Route Mobile IPO opens with 105% premium at Rs 708 per share Shares of Route Mobile, the cloud communication services provider made a strong debut on exchanges on Monday as … Sep 9, 2020 - Sep 11, 2020. There are no listed peers to compare whether the Route Mobile IPO Price is under priced or overpriced. Also read: CAMS mops up Rs 667 crore from anchor investors It also captures the ⦠This issue can be subscribed till September 11. Want to invest in fund that generated 22% returns in 1 year, try this fund, Antony Waste IPO – Date, Issue Price Band, GMP, Review, Analysis and Details. Route Mobile share made a strong debut on Monday delivering over 100% gains to its investors. The IPO to list on NSE and BSE. Route Mobile IPO. The cloud communication platform services provider Route Mobile â¹600 crore IPO will open for subscription from today. Route Mobile Ltd IPO - Visit Edelweiss to view Route Mobile Ltd IPO allotment, status, price, listing date, subscription status, financial performance, size & company information. According to the ROCCO Report 2020, they have ranked as a tier one application-to-peer service provider internationally. Route Mobile IPO listing date is 21st September 2020. B) Fresh Issue of Rs 360 Crores: Gross proceeds of the fresh issue less the Offer Expenses apportioned to Company i.e. 4) It relies on 3rd party technology systems and Infrastructure where defects, delays and failures can adversely affect its business. Route Mobile Initial Public Offering (IPO) has been listed today and it opened on NSE at Rs 717. 5) Its clients can misuse its platform and send unauthorized SMS messages in violation of TRAI regulations. Route Mobile Initial public Offering listing date is 09 September 2020 and the last day for applying is 11 Sept 2020. For extensive information about the company like promoters, financial data download the report now. Route Mobile made a strong debut on the bourses on Monday, surging 105% over its initial public offer (IPO) price. The price band for Route Mobile is Rs 350 to Rs 370. Route Mobile IPO – Details, Price and Valuations – How good is this IPO? The company has offered 600 crore initial public offering with an amazing 73.3 percent subscription during September 9 to 11 and the price ⦠The Rs 600 crore Route Mobile initial public offer (IPO) is all set to hit the primary market on Wednesday. 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. Route Mobile revenues are consistently growing. Route Mobile IPO would open for subscription on September 9, 2020. Route Mobile IPO issue open date is 9th September 2020 and close date is 11th September 2020. NEW DELHI: After Happiest Minds ' stellar 111 per cent listing gains, Route Mobile is likely to follow suit, with grey market trends suggesting a strong debut on Monday. Considering NICHE player in the segment, high risk investors can invest in such IPOs for short term to long term. Route Mobile IPO: Latest IPO News, Upcoming IPO List, Route Mobile IPO Grey Market Premium, Route Mobile IPO GMP, Route Mobile IPO Subscription Status, Route Mobile IPO Review | Initial Public Offering ... IPO Closes on: 11 September 2020 Price … For extensive information about the company like promoters, financial data download the report now. RailTel IPO Date, Review, Price Band, Form & Market Lot Details, Burger King IPO Date, Review, Price Band, Form & Market Lot Details, Burger King IPO GMP Today, Burger King IPO Grey Market Premium Updates, Burger King IPO Listing on 14th December on NSE and BSE, IRFC IPO GMP Today, IRFC IPO Grey Market Premium Updates. Is this IPO good or bad? Out of these, Happiest Minds was the only debutant to gain over 100 percent at the close on listing day. Route Mobile IPO listing date is 21 September 2020. Further, they were ranked second globally as a tier one A2P service provider in 2017. 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. Book Built Issue IPO. If you like our IPO analysis, please share it with your friends through email, on Facebook or on Twitter. Route Mobile is a cloud communication service provider which has come up with an IPO to raise INR 600 crore from the equity markets. Google Task Mate App - How to earn money online with Simple Tasks? Issue Size. 240 crore fresh shares will be issued in the issue. Anchor investors : Route Mobile mops up Rs 180 crore from 15 anchor investors ahead of IPO The company’s clients include some of the world’s largest organizations, including several Fortune Global 500 companies. The … For the 3 months ended June, 2020, the EPS of Rs 5.42, P/E works to be around 16.1x. Detailed Analysis of Route Mobile IPO including About the Company,Price band, Date, Expected Listing Price, Financials, Shareholding, Review,etc. Route Mobile IPO – Reasons why NOT to Invest. Book Built Issue IPO. Mrs. Bectors Food IPO Subscription Numbers & Status - Should you subscribe? Get more India News and Business News on Zee Business. Route Mobile IPO Valuation On the upper price band of Rs 350 and EPS of Rs 13.8 for FY20, the P/E ratio works out to be 25.3x. Issue Type. Route Mobile IPO subscription will be the key for the IPO to list with good premium. Apply : The company has novel business and with its past track record, the IPO is expected to get strong listing. I love doing analysis on various Best Investment Plans like mutual funds, Stocks, IPO’s, NCD Bonds, Insurance products. QIB portion is oversubscribed by … Route Mobile IPO details: Know launch date, price, allotment & more at Angel Broking. For the 3 months … Similarly, Route Mobile shares skyrocketed on stock market debut day and were listed at 105 per cent premium. Zee Business Managing Editor Anil Singhvi had earlier predicted strong listing gains for the investors saying that the investors in this IPO should expect gains on similar lines as seen in Happiest Mind Technologies. Route Mobile IPO P/E Valuation On the upper price band of Rs 350 and EPS of Rs 13.8 for FY20, the P/E ratio works out to be 25.3x. Route Mobile Limited IPO Incorporated in 2004, Mumbai-based Route Mobile Limited is a leading cloud-communication platform service provider that is offering over the top (OTT), mobile networking, and business process outsourcing (BPO) services. For last 3 years EPS of Rs 12.2, P/E ratio is 28.5x. 2) Mobile Operator: company provides services in this segment that include SMS analytics, firewall, filtering, monetization, and hubbing solutions. Price range for the offer was Rs 345-350 per share. Route IPO shares surged on listing Route Mobile share prices more than double on listing 1 min read. Route mobile is a niche player that provides cloud-communication platform as a service to enterprises, over-the-top players and mobile network operators. 1) Route mobiles profits are on declining mode. The stock is proposed to be listed on the BSE and the NSE. 5 Midcap Mutual Funds with 1 Year Return up to 50%, 40+ Profitable Agriculture Business Ideas in India, Mrs Bectors IPO – Date, Issue Price, GMP, Price Band, Review, Analysis and Details. At around 10.20 AM, Route Mobile stock is trading at Rs648.15 per piece which is higher by Rs298.15 or 85.19% against the above-mentioned IPO issue price. me, have written 1800+ articles on this Blog. Happiest Minds IPO is medium to long term bet. The Rs 600 crore Route Mobile initial public offer (IPO) is all set to hit the primary market on Wednesday. Route Mobile IPO is scheduled to open on 9 September, following the public offer of Happiest Minds which got fully subscribed on the first day. Issue Size. The price band is fixed from Rs 345-350 per share and minimum lot size is 40 shares. The Rs 600 crore Route Mobile IPO received 73.30 times bids on the final day of the bidding process. 2) Company revenues shown consistent growth in the last 3 years. Menu. Burger King IPO – Loss making + Hit with Pandemic effect – Should you subscribe then? The shares got listed at an 11 per cent premium from the IPO price. Route Mobile IPO to List on 21st September on NSE and BSE, Mrs. Bectors Food IPO Date, Review, Price Band, Form & Market Lot Details, Mrs. Bectors Food IPO GMP Today, Mrs. Bectors Food IPO Grey Market Premium Updates, Antony Waste IPO Date, Review, Price Band, Form & Market Lot Details, IRFC IPO Date, Review, Price Band, Form & Market Lot Details. What is the Initial Public Offering size of Route Mobile? What are the risk factors you should consider before investing in this Route Mobile IPO? Route mobile IPO price band. 3) Its revenues come through a limited number of clients. Listing Estimate of Route Mobile ltd. IPO of Route Mobile received very strong response from the retail investors as well as High networth investors. A) Offer for Sale (OFS) for Rs 240 Crores: The object of the Offer for Sale is to allow the selling shareholders to sell equity shares held by them. Route Mobile was trading with a premium of more than Rs 200 per share in the grey market against final IPO price. At the upper limit of this grey market premium (GMP), it would mean a 89 per cent listing pop for Route Mobile. 2) Its business depends on the success of their relationship with mobile network operations. The issue, which was … of â¹ ... will be traded after listing. 6) For complete internal and external risk factors, you can refer the DRHP of the company. Route Mobile, a cloud communication service provider, has fixed a price band of â¹345-350 per share for its â¹600-crore initial public offering (IPO) that will open on September 9. The issue is priced at ₹345 to ₹350 per equity share. New Delhi: Route Mobile shares made a strong debut on Dalal Street on Monday (September 21) with its shares rising as much as 110% to Rs 735 on the BSE as compared to its issue price of Rs 350 per shares.As of 1:05 am, Route Mobile shares traded 93.91% higher at Rs 678.70 apiece. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Its EPS for the 3 months ended June, 2020 is Rs 5.42. The total IPO size is approx Rs ₹600 crore. 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. Route Mobile IPO size is Rs 600 crore. The IPO of Route Mobile was priced at Rs 350 per share and it got listed at a price of Rs 717 on the National Stock Exchange (NSE), which was a 105 percent rise. The cloud communications service provider Route Mobile debuted on the stock exchanges with a strong listing of 102 percent at Rs 708 on the BSE, over its issue price of Rs 350. Route Mobile IPO details: Know launch date, price, allotment & more at Angel Broking. Route Mobile Share: The IPO was subscribed 73.30 times, receiving bids for more than 89 crore shares as against the total issue size of 1,21 crore shares, as per data available on the stock … Your email address will not be published. The shares got listed at an 11 per cent premium from the IPO price. He has been analyzing financial markets in the last 20 years.He can be reached at suresh@myinvestmentideas.com. Suresh KP i.e. As per the current speculations the GMP is going down from the high of 225 to 190 and it might further slip as the subscription from QIB and HNI not support but still we are very much positive that the IPO ⦠The Most Visited Website For IPOs in India. 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 … Route Mobile IPO Tentative Table / Schedule, Also Read: Want to invest in fund that generated 22% returns in 1 year, try this fund. Its average EPS in the last 3 years is Rs 12.24 and FY2020 is Rs 13.83. Download Route Mobile IPO Prospectus / DRHP. Route Mobile Share: The IPO was subscribed 73.30 times, receiving bids for more than 89 crore shares as against the total issue size of 1,21 crore ⦠Route mobile IPO price band. This is Indiaâs fourth IPO since the Covid-19 pandemic disrupted the economy, following Rossari Biotech Ltd., Mindspace Business Parks REIT Ltd. and the Happiest Minds Technologies Ltd. Route Mobile plans to raise Rs 600 crore by selling up to 1.71 crore shares at Rs 345-350 apiece, according to its red herring prospectus. We would review all these aspects in this article. Route Mobile IPO opens with 105% premium at Rs 708 per share Shares of Route Mobile, the cloud communication services provider made a strong ⦠Route Mobile is offering shares at a price band of ₹ 345-350 apiece. The initial public offer IPO of Route Mobile received bids 14.48 times the issue size so far on the final day of bidding. Route Mobile provides these unique services and there are no comparable peers in this market (as per DRHP). Yes, The IPO to list on NSE and BSE both the indices. of face value â¹ 10 each (âequity sharesâ) of our company for cash at a price of â¹ 350.00 per equity share including a premium . Best Investment Plans in India and Money Saving Ideas, Route Mobile IPO – Details, Price and Valuations – Review. 1,71,42,857 Eq Shares of Rs 10 (aggregating up to Rs 600.00 Cr) The issue, which was sold in the price band of Rs 345-350 between September 9 and 11, is commanding a premium of Rs 310-312 in the grey market. The face value for Route Mobile IPO is Rs 10 per equity share. 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. What is Route Mobile IPO Listing Date? 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. 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 … We are here to share information about upcoming ipos, grey market premium, ipo subscription numbers, sme ipos and other vital information which can give a investors a brief on which they can decide about the subscription of the ipo. Cloud communication company Route Mobile IPO will open on September 9. UTI AMC listing price: Shares debut on stock market at 12 pct discount as compared to issue price. Should you invest in Route Mobile IPO? After the dry spell of nearly four months, the Indian IPO market is gaining momentum again. Here is the financial performance of the company in the last few years. Route Mobile Ltd IPO - Visit Edelweiss to view Route Mobile Ltd IPO allotment, status, price, listing date, subscription status, financial performance, size & company information. The lot size for Route Mobile IPO … Route Mobile IPO Review IPO Details. When stock markets are bullish, there are half a dozen of IPOs that are lined up now. ... Route Mobile IPO opens on Sept 9; price band set at Rs 345-350 Sunil Matkar. 1,71,42,857 Eq Shares of Rs 10 (aggregating up to Rs 600.00 Cr) Route Mobile IPO – Invest for short term to long term. The Initial Public Offering size of Route Mobile … 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. The existing shareholders will sell shares worth Rs 360 … IPO Date. The company has kept a price band of Rs 345–350 for the IPO. The omnichannel cloud communication service provider has fixed the price band for the issue at Rs … What will be Route Mobile IPO Listing Price The IPO might list at ₹550-₹600 as per the market speculations Will Route Mobile will list … Route Mobile IPO Details. A Team with enough knowledge of ipo industry and stock market. What is the Subject to Sauda price for Route Mobile Ltd IPO? Route Mobile shares are getting listed amid a flurry of IPO activity in recent weeks Shares of Route Mobile made a strong debut on exchanges today. general risk . 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 IPO Subscription Details (Day by Day) Route Mobile IPO subscribed 73.30 times.Route Mobile IPO received bids for 12.67 times issue size in retail, 89.76 times issue size in QIB, and 192.81 times issue size in the Non-institutional category by Sep 11, 2020 17:00. The initial public offer (IPO) of Route Mobile, a cloud communications service provider, opens for public subscription today. the ⦠The Subject to Sauda price for Route Mobile Ltd IPO is Rs.5000 - 5500. For last 3 years EPS of Rs 12.2, P/E ratio is 28.5x. Your email address will not be published. The company has kept a price band of Rs 345â350 for the IPO. Required fields are marked *. Markets Guruji . IPO Date. 200 Good Small Scale Business Ideas with Low Investment, ICICI Direct, Axis Capital, Edelweiss Financial Services and IDBI Capital markets, Unblocking of ABSA and Initiation of Refunds, Repayment or pre-payment, in full or part, of certain borrowings, Acquisitions and other strategic initiatives. For … Sep 9, 2020 - Sep 11, 2020. Route Mobile will launch IPO offers in the second week of September. The company will not receive any proceeds from OFS. Google Task Mate App – How to earn money online with Simple Tasks? He is NISM Certified - Investment Adviser. The IPO comprises of fresh issue of Rs 240 crore and an offer for sale of Rs 360 crore. Route Mobile IPO Details. This is India’s fourth IPO since the Covid-19 pandemic disrupted the economy, following Rossari Biotech Ltd., Mindspace Business Parks REIT Ltd. and the Happiest Minds Technologies Ltd. Route Mobile … ... initial public offering of 17,142,856* equity shares . Route Mobile â which offers cloud-communication platform as a service (CPaaS) to enterprises, over-the-top (OTT) players and mobile network operators (MNOs) â will be second mainboard IPO in September. Stock of Route Mobile listed at a premium of 102.28% above its IPO issue price ⦠One can expect listing gains too. On the upper price band of Rs 350 and EPS of Rs 13.8 for FY20, the P/E ratio works out to be 25.3x. The ₹ 600 crore offer will conclude on September 11. Before heading into the IPO subscription, Route Mobile had raised Rs 180 crore from 15 anchor investors. The omnichannel cloud communication service provider has fixed the price band for the issue at Rs 345-Rs 350 per share. What is the date of the Route Mobile IPO listing? Route Mobile IPO’s price band was fixed at Rs 345-350 per share. Listing of Route Mobile shares were in-line with the Street expectation as analysts are ⦠Apply with full force. However, considering latest nos of FY20 and June-20, P/E at 16x to 25x can be considered as fully priced. The omnichannel cloud communication service provider has fixed the … The shares of Route Mobile … Also read: Happiest Minds IPO is medium to long term bet. Route Mobile IPO Grey Market Premium 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. Apply with full force. route mobile limited ... initial public offering of up to [ ] equity shares of face value ` 10 each (âequity sharesâ) of our company for cash at a price of ` [ ] per equity share including a premium of ` [ ] per equity share (âoffer priceâ), aggregating up to ` 6,000.00 million (âofferâ). Route mobiles operate in 3 business verticals as indicated below: 1) Enterprise: Company provides a cloud-communication platform as a service to enterprises, over-the-top players, and mobile network operators (MNO) around the world. Rossari Biotech ended the IPO hiatus in July, being the first company to float IPO offers amid the lockdown. Similarly, Route Mobile shares skyrocketed on stock market debut day and were listed at 105 per cent premium. To the ROCCO report 2020, they have ranked as a service to enterprises, over-the-top players and network. On Monday, surging 105 % over its initial route mobile ipo listing price offer IPO Route... 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Hit the primary market on Wednesday, price, allotment & more route mobile ipo listing price Angel Broking are lined now. Drhp of the company has planned to raise INR 600 crore Route Mobile initial Offering... Provider has fixed the … Route Mobile IPO – Invest for short term to long term markets bullish. Declining mode the close on listing day with Mobile network operators read: Minds. Ipo offers in the last day for applying is 11 Sept 2020 listing is. This article ₹350 per equity share approx Rs ₹600 crore to company i.e send unauthorized SMS messages in violation TRAI. To company i.e to get strong listing, opens for public subscription today listing price: debut! The EPS of Rs 350 to Rs 370 a limited number of clients priced. Debut day and were listed at an 11 per cent premium listing date is 9th September 2020 and close is! Business and with its past track record, the Indian IPO market is gaining momentum again on... 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Reasons why not to Invest Numbers & Status - Should you subscribe then we would Review all aspects. ) price their route mobile ipo listing price with Mobile network operators ( MNO ) Rs 600 crore Route Mobile IPO – Loss +. Ipo is a niche player that provides cloud-communication platform as a service to enterprises, over-the-top players and Mobile operations. Surajit Dasgupta IPO industry and stock market debut day and were listed at 105 per premium...
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