Route Mobile was incorporated on May 14, 2004. The company provides a cloud-communication platform as a service to enterprises, over-the-top players, and mobile network operators.
| Bidding Dates |
|---|
| 09 Sep 2020 - 11 Sep 2020 |
| Subscription |
|---|
| 73.3x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,000 | 1 | 14 | 40 | 17.4 M | ₹345 - ₹350 | 69.41 % | ₹6000.0 M - ₹6087.0 M | RHP DOC |
Route Mobile IPO SUBSCRIPTION STATUS
11 Sep '20Route Mobile IPO overall subscription rate was 73.3 times the total available shares
Route Mobile IPO retail subscription rate was 12.67 times in the retail segment
Route Mobile IPO non-institutional investor subscription rate was 192.81 times in the non-institutional investor category
Route Mobile IPO Qualified Institutional Bidder subscription rate was 89.76 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
10 Sep 2020 (Day 2) | 6.71x | 2.04x | 1.25x |
11 Sep 2020 (Day 3) | 12.67x | 192.81x | 89.76x |
09 Sep 2020 (Day 1) | 1.8x | 0.46x | 0.01x |
Route Mobile FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 6MFY21 | 269.3 | 3,096.1 | 811.3 | 808.6 |
| FY20 | 691.0 | 9,562.5 | 934.4 | 861.6 |
| FY19 | 545.3 | 8,446.7 | 284.6 | 179.2 |
| FY18 | 466.8 | 5,049.5 | 321.8 | 263.7 |
Route Mobile IPO SUBSCRIPTION STATUS DETAILS
Route Mobile had 17.4 M shares on offer
Route Mobile IPO offer price was in the range ₹345 - ₹350
Route Mobile IPO minimum Investment was ₹14000
Route Mobile IPO issue size was ₹ 6000.0 M - ₹ 6087.0 M
Route Mobile had a minimum lot size of 40 Shares per application
Route Mobile NUMBER OF SHARES ON OFFER
Route Mobile IPO IMPORTANT DATES
| Issue Open Date | 09 Sep 2020 |
| Issue close Date | 11 Sep 2020 |
| Allotment Date | 16 Sep 2020 |
| Refund Date | 17 Sep 2020 |
| Demat Account Credit Date | 18 Sep 2020 |
| Listing Date | 21 Sep 2020 |
| Listing on Exchange(s) | NSE and BSE |
| Route Mobile Allotment Status | Exchange |
Route Mobile IPO subscription opened on 09 Sep 2020, and closed on 11 Sep 2020
IPO allotment for Route Mobile was finalized on Wednesday, 16 Sep 2020
IPO listing for Route Mobile was on NSE and BSE on Monday, 21 Sep 2020
Route Mobile IPO LISTING GAINS
| Issue Price (adjusted) | 350.0 |
| Listing Open Price | 708.0 |
| Listing Close Price | 651.1 |
| Listing Gain% | 102.3% |
| Current Gain% | 50.9% |
Route Mobile Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Route Mobile Ltd. | 528.3 | 3003.8 | 13.4 | -0.9 | 0.7 | 8.6 | 6.7 | 4462.3 | -3.5 | 239 | -25 | 39.4 | -15.4 |
| One97 Communications Ltd. | 1441.6 | 92425.7 | 142.2 | 1.2 | 10.3 | 3.4 | 2.3 | 9291 | 21.9 | 553 | 184 | 10.1 | 114.7 |
| PB Fintech Ltd. | 1604.5 | 74239.4 | 99.2 | 1 | 10.1 | 9.2 | 7.7 | 7166.4 | 33.1 | 669.9 | 89.8 | 16.2 | 98.3 |
| Affle 3I Ltd. | 1645.6 | 23183.1 | 48.5 | 2.5 | 8.2 | 12.4 | 10.3 | 2787.6 | 18.1 | 454.9 | 19.1 | 33.9 | 19.2 |
| Pine Labs Ltd. | 154.4 | 17820.2 | 140 | 0.7 | 6.3 | 1.9 | 0.8 | 2847.2 | 22.3 | 112.5 | 177.3 | 1.1 | 212.8 |
| Fractal Analytics Ltd. | 817.7 | 14061.6 | 42.8 | 4.1 | 9.2 | 6.6 | 3362.6 | 19.4 | 292.2 | 31 | 19.1 |
Route Mobile IPO Reports
Route Mobile INFORMATION ON IPO ISSUE
About Route Mobile
Route Mobile was incorporated on May 14, 2004. The company provides a cloud-communication platform as a service to enterprises, over-the-top players, and mobile network operators.
Object of the Issue
- Repayment or pre-payment, in full or part, of certain borrowings of the company
- Acquisitions and other strategic initiatives
- Purchase of office premises in Mumbai
- General corporate purposes
Route Mobile - PROMOTERS
| Name |
|---|
| Sandipkumar Gupta |
| Rajdipkumar Gupta |
Route Mobile Book Running Lead Manager
ICICI Securities Limited
routemobile.ipo@icicisecurities.co.in
Axis Capital Limited
route.ipo@axiscap.in
Edelweiss Financial Services Limited
routemobile.ipo@edelweissfin.com
IDBI Capital Markets and Securities Limited
ipo.routemobile@idbicapital.com
Route Mobile Registrar to the Offer
KFinTechnologies Private Limited
einward.ris@kfintech.com
Route Mobile Strengths
Omni-channel
The company is omnichannel cloud communication platform service provider with diversified service offerings for enterprises
MNO focused suite of products
The company has a significantly large product portfolio.
Global connectivity
As of June 30, 2020, the company had direct relationships with over 240 MNOs and provided enterprise clients with access to over 800 mobile networks
Route Mobile Risks
Dependent on third party
Depends in part on the success of the strategic relationships with third parties, particularly direct relationships with mobile network operation
Non compliant with reporting guidelines
The company, in the past, has delayed in complying with reporting guidelines under the provisions of the Foreign Exchange Management
IPO FAQs
This IPO consists of an offer for sale of up to Rs 360.0 crore, of 10,434,782 shares. It also consists of a fresh issue of Rs 240.0 crore.
The promoters of the company are Sandipkumar Gupta and Rajdipkumar Gupta.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 345.0 - 350.0.
The IPO application opens on Sep 09, 2020 and closes on Sep 11, 2020.
The minimum lot size for the IPO is 40. The maximum lot size for the IPO is 560.
For all category investors, the minimum application amount for this IPO is Rs. 14,000.0, the maximum value for this IPO is Rs 196,000.0.
This IPO will be allotted on Sep 16, 2020.
The refund will be credited to your account on Sep 17, 2020.
The allotted shares will be credited to your demat on Sep 18, 2020.
Route Mobile Ltd.’s shares listed on the stock exchanges on Sep 21, 2020.