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Open
9 Sep 2020
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Close
11 Sep 2020
3
Allotment
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Listing
Mon, Sep 21, 2020
Price Band
₹345 to ₹350
Issue Size
1,71,42,856 shares (agg. up to ₹600 Cr)
Lot Size
40 Shares
Listing Date
Mon, Sep 21, 2020
Latest GMP
₹310
Est. Gain
88.57%
✦ AI Insight
GMP Trend
20-09-2020₹310Est. ₹660+88.57%
19-09-2020₹295Est. ₹645+84.29%
17-09-2020₹226Est. ₹576+64.57%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 51.76x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 634.83 | 626.55 | 505.78 | 447.37 |
| Total Income | 312.30 | 968.10 | 852.38 | 509.49 |
| Profit After Tax | 26.93 | 69.10 | 54.53 | 46.68 |
| EBITDA | 40.30 | 111.67 | 99.96 | 80.14 |
| NET Worth | 297.02 | 270.37 | 211.78 | 160.85 |
| Reserves and Surplus | 244.69 | 218.19 | 159.90 | 110.19 |
| Total Borrowing | 43.25 | 41.87 | 77.52 | 81.63 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or pre-payment, in full or part, of certain borrowings of our Company | 36.50 |
| 2 | Acquisitions and other strategic initiatives | 47.50 |
| 3 | Purchase of office premises in Mumbai | 65.00 |
| 4 | General corporate purposes | 38.59 |
About Route Mobile IPO
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 company's clients include some of the world's 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
Contact Details
Route Mobile Ltd. Address4th Dimension, 3rd FloorMind SpaceMalad (West)Mumbai, Maharashtra, 400064+91 22 4033 7676investors@routemobile.comVisit Website