IPO Trending
ROUTEEQ / NSE, BSEListed
Route Mobile

Route Mobile Limited, established in 2004, is a leading provider of Communications Platform as a Service (CPaaS) and a tier-one application-to-peer (A2P) service provider. The company offers enterprise communication solutions, including messaging, voice, email, and SMS filtering, along with analytics and monetization services. It operates in three main business segments. The enterprise segment provides cloud communication services to businesses, over-the-top (OTT) players, and mobile network operators. The mobile operator segment offers services such as SMS analytics, firewall, filtering, monetization, and hubbing solutions. The business process outsourcing (BPO) segment includes customer support, technical assistance, booking, and collection services. As of June 2020, Route Mobile had 318 employees across 18 global locations and served over 30,150 clients worldwide, including several Fortune Global 500 companies. The company processed more than 2.5 billion messages per month and handled 31 billion billable transactions in the fiscal year 2020. It worked with over 800 network operators and maintained 240 direct connections, also known as super networks. Additionally, it operated six strategically located data centers and four short message service centers.

₹345 - ₹35073.3x sub
Listed Price₹717.00
Listing Gain+104.86%

IPO Schedule & Timeline

Bookbuilding IPO
Open09 Sep 2020
Close11 Sep 2020
Allotment17 Sep 2020
Listing21 Sep 2020

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB85,71,427 shares
50%
HNI25,71,429 shares
14%
Retail60,00,000 shares
35%

Minimum Application Lots

Retail1 Lot (40 shares)
₹14,000
sHNI15 Lots (600 shares)
₹2,10,000
bHNI72 Lots (2,880 shares)
₹10,08,000

Company Promoters

Mr. Sandipkumar GuptaMr. Rajdipkumar Gupta

Company Background

Route Mobile Limited, established in 2004, is a leading provider of Communications Platform as a Service (CPaaS) and a tier-one application-to-peer (A2P) service provider. The company offers enterprise communication solutions, including messaging, voice, email, and SMS filtering, along with analytics and monetization services. It operates in three main busin...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (June-20)₹3122.95 Cr
Growth-38.7%
Revenue Trend (₹ in Crores)
0.03.7k7.4k11.1kMar-18Mar-19Mar-20June-20
PeriodRev (Cr)PAT (Cr)AssetsDebt
June-203,122.95269.346,348.310
Mar-209,681.02691.026,265.480
Mar-198,523.77545.325,057.810
Mar-185,094.85466.774,473.660

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
17 Sep 2020
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
21 Sep 2020

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Route Mobile. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization17 Sep 2020Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date21 Sep 2020Trading commences on exchange

How to Check Route Mobile Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Route Mobile from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Route Mobile IPO

Complete issue overview for Route Mobile (ROUTE) IPO. The issue features an equity share price band of ₹345 – ₹350 per share with a minimum retail lot size of 40 Shares (minimum application amount of ₹14,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions