The Rs 600 crore initial public offering by Route Mobile received 4.15 times bids so far on Day 2 of the bidding process on Thursday.As per data available with NSE, the 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 Mumbai-based firm plans to raise Rs 600 crore by selling up to 1.71 crore shares at Rs 345-350 apiece. IPO Opening Date: 9 September 2020IPO Closing Date: 11 September 2020Finalisation of Basis of Allotment: 16 September 2020Initiation of refunds: 17 September 2020 Transfer of shares to demat accounts: 18 September 2020 Listing Date: 21 September 2020 Opening Price on NSE: INR717 per share (up 104.9% from IPO price)Closing Price on NSE: INR650.3 per share (up 85.8% from IPO price). Indian capital market has seen a quantum jump in terms of turnover, market participants as well as regulations over the last couple of decades. What is Route Mobile IPO retail subscription status? Equitas Bank IPO Review: Fortune at bottom of pyramid? Angel Broking IPO Review: Should you invest? How do I check Route Mobile IPO live subscription? Route Mobile IPO: Issue subscribed 42% on Day 1 so far Route Mobile on September 8 collected Rs 180 crore from anchor investors. 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 price band of the IPO is set at Rs 345-350 per share. Email: [email protected] Brokerage-free IPO Investing with India's #1 Broker. The public issue subscribed 12.67 times in the retail category, 89.76 times in QIB, and 192.81 times in the NII category by Sep 11, 2020 17:00. Kranti Industries IPO Review: Auto profits? 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 IPO … You have entered an incorrect email address! Go to Portfolio and click the IPOs link. Route Mobile IPO subscribed 73.30 times. but you can gain on listing. Route Mobile IPO Subscription Data (Live) Posted on September 8, 2020 September 22, 2020. With an MNO focused suite of products, they also cater to large scale enterprises and OTT Players with their diversified offerings. After Happiest Minds' solid 151 times subscription, IPO by this cloud communications service provider -- opened for bidding on Wednesday -- attracted 89,23,41,080 bids . Disclaimer: No content on this website should be treated as investment advice. Route Mobile Limited IPO will open on 9th to 11th Sep 2020. Route Mobile is a cloud communications service provider has issued an IPO open from 9 th September ’20 to 11 th September ’20. 6,000mn with this IPO. Route Mobile IPO details: Subscription Dates: 9 – 11 September 2020 Price Band: INR345 – 350 per share: Fresh issue: INR240 crore: Offer For Sale: INR360 crore Total IPO size: INR600 crore: Minimum bid (lot size) 40 shares: Face Value INR10 per share: Retail Allocation: 35%: Listing On: NSE, BSE Fax: +91 40 2343 1551 Save my name, email, and website in this browser for the next time I comment. After the dry spell of nearly four months, the Indian IPO market is gaining momentum again. 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 proposes to raise Rs 600 crore through the IPO which comprises both fresh issue and offer for sale. Route Mobile IPO is going to hit the market on 09 September 2020 and closes on 11 September 2020.The company is going to raise around ₹600 crores as the price band is fixed at 345-350 with market lot of 40 shares. Website: www.kfintech.com, Route Mobile Limited Route Mobile IPO issue open date is 9th September 2020 and close date is 11th September 2020. The price band for IPO is ₹345-350, lot size 40 shares. About Route Mobile Ltd IPO. Go to the 'Route Mobile IPO' row and click the 'Bid' button. Face Value = Rs 10. The equity share of Route Mobile Ltd will list on BSE, NSE. The Route Mobile IPO listing date is Monday, September 21, 2020. In this sequence, the IPO of Root Mobile is opening today i.e. Route Mobile IPO Valuations. Mazagon Dock Shipbuilders IPO Review: Should you invest? IPO Particulars of Route Mobile Limited: IPO Opens on : 9 September 2020 IPO Closes on : 11 September 2020 Issue Type: Book Built Issue IPO Issue : The Offer consists of a Fresh Issue of Equity Shares aggregating to Rs 240 crore and an Offer for Sale of up to 6,500,000 Equity Shares aggregating to Rs. Route Mobile IPO Subscription Details (Day by Day) Route Mobile IPO subscribed 73.30 times . Click on this link to get allotment status. ET NOW speaks exclusively with the Route Mobile management, Sandipkumar Gupta, Promoter & Non-Executive Director, and Gautam Badalia, Chief Strategy Officer as the IPO opens for a subscription after raising Rs 1800 crore from anchor investors. © 2020 Chittorgarh Infotech Pvt Ltd. All Rights Reserved. Gensol IPO Review: Should you invest in this solar play? This was 73.29 times the total issue size of 1,21,73,912 shares. The mobile technology enabler had on Tuesday allotted shares worth Rs 180 crore to anchor investors which included SBI Mutual Fund, Goldman Sachs and Franklin Templeton. This information has been updated every 10 mins when IPO bidding is open. The IPO of Route Mobile, a cloud communications service provider, which opened on Wednesday, was subscribed over 4 times at the end of Day 2. Email: [email protected] 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. Its enterprise solution comprises two primary components – the front-end that provides an interface for enterprises to integrate with, and a back-end which is directly integrated with over 240 MNOs, and provides access to over 800 MNOs across the globe, enabling it to leverage their SMS and voice channels for digital communication (Super Network). This post on Route Mobile IPO attempts to bring out consolidated brokerage views , subscription information, Grey Market Premium (GMP) and anchor investor information where applicable. Let’s get the complete review of Route Mobile business overview, IPO dates, Route Mobile IPO allotment, subscription, company financials, and … Mumbai-based cloud-communication platform provider Route Mobile 's maiden public offer has been subscribed 4.15 times so far on September 10, the second day of … Author IPO Guru. Definition: QIB NII RII Employee Others Total. However, little has gone towards bolstering participation of retail investors in the market. Website: www.routemobile.com, Earnings Per Share (EPS): INR13.83 Price/Earnings (PE ratio): 24.95 – 25.31 Return on Net Worth (RONW): 25.65% Net Asset Value (NAV): INR44.56 per share, Angel Broking – SubscribeChoice Broking – SubscribeSMC Global – 3/5Arihant Capital – SubscribeHEM Securities – Subscribe Samco Securities – AvoidKR Choksey – Subscribe. Visit Route Mobile IPO subscription status page for real-time bidding information about Route Mobile IPO. Its range of enterprise communication services includes application-to-peer (A2P)/peer-to-application (P2A)/2Way Messaging, RCS, OTT business messaging, voice, email, and omni-channel communication. StockAxis Review – Subscription fees, Services, Trial, Complaints, Route Mobile IPO recommendations: Here is what analysts say, Route Mobile IPO GMP (Grey Market Premium) Trend, 7 common IPO mistakes and how to avoid them, All-time largest IPOs in India at a glance, Understanding employee and shareholder reservation in IPOs. Route Mobile IPO – Company Overview 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. Mind Space, Malad (West), The total IPO size is approx Rs ₹600 crore. Steps to apply in Route Mobile IPO through Zerodha. ‘Submit’ IPO application form. Mumbai: The initial public offering of Route Mobile received a stellar response from investors, on the final day of bidding, with the share sale witnessing an overall subscription of 74.13 times. Please contact your adviser before making an investment. Route Mobile will launch IPO offers in the second week of September. Route Mobile Ltd. is an omnichannel cloud communication provider based in 18+ locations worldwide. The cloud communication platform services provider Route Mobile ₹600 crore IPO will open for subscription from today. Route Mobile IPO allotment date is 16 September 2020 but the allotment might come on 17 September 2020. As per the subscription numbers, the basis of allotment Route Mobile will be updated soon. New Delhi,(route mobile ipo subscription): After a long drought, there is a stir in the primary market. Route Mobile IPO oversubscribed by whopping 73.30 times on final day led by huge buying from HNIs Route Mobile IPO was available for subscription from September 09, 2020, to September 11, 2020. Note: Route Mobile IPO Allotment Status will be available whenever the Registrar of IPO will put on their official sites. |. Deccan Healthcare IPO Review: Should you invest? 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. In which the promoters are going to sell their shares worth Rs 360 crores. Route Mobile IPO Subscription: The maiden issue received 89.23 crore bids against 1.2 crore shares on offer as of 5:00 pm, data from Axis Capital shows. Route Mobile IPO Live Subscription of share bidding. Visit Route Mobile IPO allotment status to check. 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. 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. Here is what you should know about Angel Broking IPO, Goblin IPO Review: Growth play at value prices. All the content offered on the website is for informational purposes only. Route Mobile Ltd. plans on raising Rs. Numbers are calculated from both NSE and BSE data. The initial public offer (IPO) of Route Mobile, a cloud communications platform service provider, opens for subscription on Wednesday i.e. Enter your UPI ID, Quantity, and Price. Mumbai 400 064 The Rs 600-crore IPO of Route Mobile garnered full subscription on Wednesday, the first day of the issue. Phone: +91 22 4033 7676 sell on listing day. Through its unbiased approach of dissecting the prevalent challenges and finding ways for small investors to make money in the market, IPO Central aims to help individual investors in starting their stock market journey in a surefooted way. Route Mobile IPO Review – 5 Points Analysis Introduction. The company ranked second globally as a tier 1 application-to-peer (A2P) service provider in 2017. In this report, we are showing the total number of offering compare with total shares bid in each category for Route Mobile IPO. Route Mobile IPO is a public issue of 12173912 equity shares. Route Mobile IPO allotment status is now available on KFin Technologies’ website. on 9 September. DRS Dilip Roadlines IPO Review: Should you invest? Retail category of Route Mobile IPO subscribed 12.67 times as of date Sep 11, 2020 17:00. Update Time is given on respective exchange label. Non-institutional portion subscribed about 192.81 times. Route Mobile IPO Basis of Allotment Document, 3 Easy steps to trade in F&O (Equity Future Derivatives) at BSE, NSE, HUF Account Basics Explained (Bank, Demat and Trading Account), Minor Demat & Trading Account Explained - IPO, Tax, NCD FAQ, Indian Railway Finance Corporation Limited. Route Mobile Limited IPO Details (Issue Price,Market Lot,RHP Document..) Below Subscription figure is latest from exchange. Route Mobile IPO subscribed 73.30 times. Rml ka gmp Kya chal raha hai ? Visit the Zerodha website and login to Console. Route Mobile IPO Subscription Details as on (9 Sept 5:00 pm) Promoter of Route Mobile – Sandipkumar Gupta and Rajdipkumar Gupta, Route Mobile’s financial performance (in INR crore), KFin Technologies Private Limited Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda, Hyderabad – 500 032, Telangana 360 Crore by the Selling Shareholders. NEW DELHI: Route Mobile's Rs 600 crore IPO drew 73 times bids on the final day of bidding process. The face value for Route Mobile IPO is Rs 10 per equity share. Our range of enterprise communication services includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. The public issue closes on Sep 11, 2020 for bidding. One such scenario is the Initial Public Offer (IPO) of Route Mobile Limited, a cloud-based service provider which is opening up for a public subscription today. Investors need IPO exit strategy, here is why, Option Trading Basics – Types, Definitions, Strategies, Benefits, Best IPOs in 5 years that doubled investors’ money, IPO Process in India: All you need to know, IPO Allotment Process: Here is how it works, Laxmi Organics files DRHP for INR800 crore IPO, Mrs Bectors IPO GMP Today, Check Daily Movement, Burger King IPO GMP Today, Check Daily Movement, Gland Pharma IPO GMP Today, Check Daily Movement, Equitas Bank IPO GMP Today, Check Daily Movement, UTI AMC IPO GMP Today, Check Daily Movement. Return on Net Worth (RONW) = 25.65% Net Asset Value = 44.56 /Share. Route Mobile IPO Details. Its omni-channel platform enables enterprises to leverage various modes of digital communication to engage with their stakeholders – including customers, employees and vendors. The initial public offering (IPO) of Route Mobile has been subscribed 42 per cent so far on the first day of bidding (Wednesday). Most of the bids so far have come from retail investors. Further, the backend is also integrated with OTT business messaging solution providers, and is capable of supporting Rich Communication Services (RCS) business messaging, offering multiple channels of communication to enterprises. Phone: +91 40 6716 2222 Route will raise Rs 600 crore from the market through mobile IPO. Mobile tech companies are tricky to invest. How many times Route Mobile IPO subscribed? Route Mobile's Rs 600 crore initial public offer (IPO) received a stellar response from the investing community. Happiest to nahi laga . The issue offers 6086957 shares to retail individual investors, 3478259 shares to qualified institutional buyers, 2608696 share to non-institutional investors. September 9, … An investor can apply in Route Mobile IPO online via bank (using ASBA) or the broker (using UPI). Good but it is closed for subscription now. The price band for Route Mobile is Rs 350 to Rs 370. not for short-long period. Earnings Per Share (EPS) = Rs 13.83 PE Ratio = 24.95-25.31 (Approx). Route Mobile IPO GMP looks good at an initial stage with green. The Route Mobile IPO shares are offered online only. The Route Mobile IPO is subscribed 73.30 by Sep 11, 2020 17:00. Further, the company also offers SMS analytics, firewall, filtering and monetization, SMS hubbing and Instant Virtual Number (IVN) solutions to MNOs across the globe. Route Mobile Ltd.’s initial public offering (IPO) was fully subscribed on the very first day of bidding as it attracted a large influx of retail investors oversubscribing their portion. Remember Onmobile also was a darling stock but it is nowhere talked now and noone wants to buy it now. The Route Mobile IPO allotment status is expected on or around Sep 16, 2020. Route Mobile is a leading Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). 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