Route Mobile Ltd IPO

Route Mobile Ltd IPO

Route Mobile Ltd IPO is a Mainstream IPO, which is open for all investors from 9th September 2020, Wednesday to 11th September 2020, Friday. Promoters are offering --- equity shares to public through this issue which is worth of Rs 600 Crores. For other IPO details on Route Mobile Ltd IPO, scroll below

IPO Details

Grey Market Premium of Route Mobile Ltd IPO

GMP of Route Mobile Ltd IPO is below.

Date
Grey Market Premium of Route Mobile Ltd IPO
Kostak of Route Mobile Ltd IPO
Sauda of Route Mobile Ltd IPO
5-Sep-2020 ₹218 – ₹227 Rs 900 Rs 6500
4-Sep-2020 ₹218 – ₹227 Rs 900 Rs 6500
3-Sep-2020 ₹218 – ₹227 Rs 900 Rs 6500
2-Sep-2020 Not Available Not Available Not Available
1-Sep-2020 Not Available Not Available Not Available
31-Aug-2020 Not Available Not Available Not Available
30-Aug-2020 Not Available Not Available Not Available
29-Aug-2020 Not Available Not Available Not Available
28-Aug-2020 Not Available Not Available Not Available
27-Aug-2020 Not Available Not Available Not Available
26-Aug-2020 Not Available Not Available Not Available
25-Aug-2020 Not Available Not Available Not Available
24-Aug-2020 Not Available Not Available Not Available
23-Aug-2020 Not Available Not Available Not Available

Expected Listing Gains

Listing Gain Predictor
%age Gain/Loss
Current Subscription Level
Expected Listing Gain/Loss( in Rs)
Expected Open Price (in Rs)
The IPO is yet to be opened; Once it is live, you will get the realtime expected listing gains value 0 #N/A #N/A

Company Background

Route Mobile Ltd is a Mumbai based cloud-communication platform, with an annual revenue of Rupees 31,229.5 lakhs.

  • In 2019, Company was awarded the “Most Innovative Communication Solutions Provider 2019” at the CV Magazine – Technology Innovator Awards 2019 while the wholly-owned subsidiary, Route Mobile (UK) Limited, was awarded the ‘Fastest Growing Indian Technology and Telecoms Company in the UK’ at India meets Britain Tracker 2019
  • Ranked as a Tier One A2P SMS Messaging Vendor, in the A2P SMS Messaging Vendor Performance Report 2017 released by ROCCO
  • Quality management system certified by KVQA Certification Services Private Limited complies with ISO 9001:2015 while our information security management system is certified by KVQA Certification Services Private Limited as ISO/IEC 27001:2013 compliant
  • Total employees as on 2019 were 251 within India and 29 outside of India
  • Company had made 14 applications for registration of various trademarks, including, ‘Route
    Mobile’, ‘RouteSMS’ and ‘Route’ of which the company has received registration for four trademarks
  • Company covers certain risks, including fire, burglary and other natural calamities. Route also provides group health insurance cover to employees and their immediate family members.

Date of Incorporation

Route Mobile Ltd was incorporated as “Routesms Solutions Private Limited” on May 14, 2004. Company was finally converted into a public limited company on March 16, 2016 with a Corporate Identification Number, U72900MH2004PLC146323

Promoters of Route Mobile Ltd

Sandip kumar Gupta and Rajdip kumar Gupta are the promoters of the company.

Product & Services Offered

Route Mobile Ltd is into following verticals:-

  • Enterprise
    • Communication Platform as a Service
    • Enterprise Messaging
    • 2Way Messaging
    • OTT Business Messaging
    • Rich Communication Services
    • Enterprise Email Sender
    • URL Shortening
    • Interactive Voice Response
    • Click2Call
    • Missed Call
    • Outbound Dialer
  • Mobile Operator
    • SMS Filtering, Analytics, and Monetization
    • 365analytics
    • 365secure
    • 365managed
    • Route Hub
    • Instant Virtual Number
  • BPO
    • Call Centers
    • Campaign Management
  • Industry Focused Solutions
    • Omni-channel solution for e-commerce brands
    • Digital communication solutions for banking / healthcare / retail sectors
    • Digital communication solutions for travel industry
    • Internet of Things enabling communication solutions
    • URL shortening solution for retail and banking and financial services sectors
    • SMS firewall solution for telecom operators
  • Infrastructure
    • Cloud Communications Platform
    • Data Centers
    • Layers
    • Disaster Recovery

Clientele base of the company

Company caters

  • Enterprise
    • client base in this business vertical has grown from over 16,000 clients as of March 31, 2015 to over 26,700 clients as of March 31, 2019 and we had 27,500 clients as of July 31, 2019, including several Fortune Global 500 companies.

Purpose of this IPO

Purpose of the issue:

  • Acquisitions and other strategic initiatives
  • General corporate purposes
  • Purchase of office premises in Mumbai
  • Repayment of loans

Route Mobile Ltd IPO Issue Details

Issue Details
Issue Open 9th September 2020, Wednesday Issue Close 11th September 2020, Friday
Issue Type Fixed Price IPO Issue Face Value Rs 10 Per Equity Share
Price Band Rs 345 – Rs 350 Per Equity Shares Bid Lot & Minimum order quantity 40 Shares
Issue Size Rs 600 Crore Listing at BSE NSE

IPO Timeline

Tentative IPO Timeline
Bid Opens on 9th Sept 2020, Wednesday Bid Closes on 11th Sept 2020, Friday
Finalization of basis of allotment 16th Sept 2020, Wednesday Initiation of Refunds 17th Sept 2020, Thursday
Credit of shares to demat account 18th Sept 2020, Friday Listing Date 21th Sept 2020, Monday

Company Financials

For the year/period ended (₹ in Million)
30-June-20
31-Mar-20
31-Mar-19
31-Mar-18
Total Assets 6,348.31 6,265.48 5,057.81 4,473.66
Total Revenue 3,122.95 9,681.02 8,523.77 5,094.85
Profit After Tax 269.34 691.02 545.32 466.77

Ratings & Reviews of Route Mobile Ltd IPO

As per experts subscribe to this IPO

  • IPO is fairly priced
  • Company is first mover in its segment, the industry has entry barriers which is and will be benefiting the company

Investors are advised to conduct proper due diligence before investing in this IPO

Litigation Details

As per the information available, following is the status of litigation related to the company.

Name of Entity*
Criminal cases
Taxation matters
Other pending litigation
Amount involved, to the extent quantifiable (in ₹ million)
Company
By the Company NIL NIL 1 Not quantifiable
Against the Company NIL 8 NIL 523.29
Directors (other than Promoters)
By the Directors NIL NIL NIL
Against the Directors NIL NIL NIL
Promoters
By the Promoter NIL NIL NIL
Against the Promoter NIL NIL NIL
Group Companies
By the group companies NA NA NA NA
Against the group companies NA NA NA NA
Subsidiary
By the subsidiary NIL NIL NIL
Against the subsidiary NIL 12 NIL 285.22

Red Herring Prospectus of Route Mobile Ltd IPO

IPO Lead Managers

Axis Capital Limited, Edelweiss Capital Limited, ICICI Securities Limited, IDBI Capital Market Services Limited are managing the IPO

Address of Route Mobile Ltd

Route Mobile Ltd
4th Dimension, 3rd Floor
Mind Space, Malad (West)
Mumbai 400 064
Phone: +91 22 4033 7676

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