The initial public offer IPO of Route Mobile received bids 14.48 times the issue size so far on the final day of bidding. Suresh KP is the Founder of Myinvestmentideas. Out of these, Happiest Minds was the only debutant to gain over 100 percent at the close on listing day. Route Mobile IPO size is Rs 600 crore. Route Mobile Limited IPO Incorporated in 2004, Mumbai-based Route Mobile Limited is a leading cloud-communication platform service provider that is offering over the top (OTT), mobile networking, and business process outsourcing (BPO) services. Route Mobile IPO Subscription Details (Day by Day) Route Mobile IPO subscribed 73.30 times.Route Mobile IPO received bids for 12.67 times issue size in retail, 89.76 times issue … Chemcon Speciality Chemicals, Happiest Minds and Route Mobile doubled the shareholder value at the open price on their listing day. At the upper limit of this grey market premium (GMP), it would mean a 89 per cent listing pop for Route Mobile. Rossari Biotech ended the IPO hiatus in July, being the first company to float IPO offers amid the lockdown. ... Route Mobile IPO opens on Sept 9; price band set at Rs 345-350 Sunil Matkar. the ⦠For last 3 years EPS of Rs 12.2, P/E ratio is 28.5x. Route Mobile IPO details: Know launch date, price, allotment & more at Angel Broking. ... initial public offering of 17,142,856* equity shares . We would review all these aspects in this article. This is India’s fourth IPO since the Covid-19 pandemic disrupted the economy, following Rossari Biotech Ltd., Mindspace Business Parks REIT Ltd. and the Happiest Minds Technologies Ltd. Route Mobile … For last 3 years EPS of Rs 12.2, P/E ratio is 28.5x. Means company is asking the issue price in the range of 16x to 28x. Route Mobile IPO listing date is 21st September 2020. The ₹ 600 crore offer will conclude on September 11. If you like our IPO analysis, please share it with your friends through email, on Facebook or on Twitter. RailTel IPO Date, Review, Price Band, Form & Market Lot Details, Burger King IPO Date, Review, Price Band, Form & Market Lot Details, Burger King IPO GMP Today, Burger King IPO Grey Market Premium Updates, Burger King IPO Listing on 14th December on NSE and BSE, IRFC IPO GMP Today, IRFC IPO Grey Market Premium Updates. Google Task Mate App – How to earn money online with Simple Tasks? Route mobile provides cloud-communication platform as a service to enterprises, over-the-top players and mobile network operators (MNO). Route Mobile revenues are consistently growing. UTI AMC listing price: Shares debut on stock market at 12 pct discount as compared to issue price. The … For last 3 years EPS of Rs 12.2, P/E ratio is 28.5x. A Team with enough knowledge of ipo industry and stock market. The IPO comprises of fresh issue of Rs 240 crore and an offer for sale of Rs 360 crore. Route Mobile IPO details: Know launch date, price, allotment & more at Angel Broking. 5 Midcap Mutual Funds with 1 Year Return up to 50%, 40+ Profitable Agriculture Business Ideas in India, Mrs Bectors IPO – Date, Issue Price, GMP, Price Band, Review, Analysis and Details. Route Mobile will launch IPO offers in the second week of September. The IPO of Route Mobile was priced at Rs 350 per share and it got listed at a price of Rs 717 on the National Stock Exchange (NSE), which was a 105 percent rise. 1,71,42,857 Eq Shares of Rs 10 (aggregating up to Rs 600.00 Cr) What is the Initial Public Offering size of Route Mobile? Route Mobile IPO Grey Market Premium 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. Route Mobile IPO – Details, Price and Valuations – How good is this IPO? At around 10.20 AM, Route Mobile stock is trading at Rs648.15 per piece which is higher by Rs298.15 or 85.19% against the above-mentioned IPO issue price. For the 3 months … Route Mobile IPO – Reasons why NOT to Invest. 3) Business Process Outsourcing (BPO): It provides a range of BPO services including client support, technical support, booking, and collection services. It earned 9.1% margins in FY2018 Vs 6.1% in FY2020. NEW DELHI: After Happiest Minds ' stellar 111 per cent listing gains, Route Mobile is likely to follow suit, with grey market trends suggesting a strong debut on Monday. Google Task Mate App - How to earn money online with Simple Tasks? Updated: 21 Sep 2020, 10:02 AM IST Edited By Surajit Dasgupta. Route Mobile Share: The IPO was subscribed 73.30 times, receiving bids for more than 89 crore shares as against the total issue size of 1,21 crore shares, as per data available on the stock … For extensive information about the company like promoters, financial data download the report now. 200 Good Small Scale Business Ideas with Low Investment, ICICI Direct, Axis Capital, Edelweiss Financial Services and IDBI Capital markets, Unblocking of ABSA and Initiation of Refunds, Repayment or pre-payment, in full or part, of certain borrowings, Acquisitions and other strategic initiatives. What will be Route Mobile IPO Listing Price The IPO might list at ₹550-₹600 as per the market speculations Will Route Mobile will list … Route Mobile IPO to List on 21st September on NSE and BSE, Mrs. Bectors Food IPO Date, Review, Price Band, Form & Market Lot Details, Mrs. Bectors Food IPO GMP Today, Mrs. Bectors Food IPO Grey Market Premium Updates, Antony Waste IPO Date, Review, Price Band, Form & Market Lot Details, IRFC IPO Date, Review, Price Band, Form & Market Lot Details. On the NSE, it opened at Rs 717, a massive 104.9 percent premium over IPO price. The existing shareholders will sell shares worth Rs 360 … A) Offer for Sale (OFS) for Rs 240 Crores: The object of the Offer for Sale is to allow the selling shareholders to sell equity shares held by them. For … The company has planned to raise Rs 600 crore from the primary market through this issue. The face value for Route Mobile IPO is Rs 10 per equity share. Apply : The company has novel business and with its past track record, the IPO is expected to get strong listing. The Initial Public Offering size of Route Mobile … me, have written 1800+ articles on this Blog. The company has kept a price band of Rs 345–350 for the IPO. 1) Route mobile is a niche player that provides cloud-communication platform as a service to enterprises, over-the-top players and mobile network operators. Its EPS for the 3 months ended June, 2020 is Rs 5.42. Route Mobile IPO Review, Dates, Price Bands, Market Lot, Route Mobile IPO Grey Market Price Details. 4) It relies on 3rd party technology systems and Infrastructure where defects, delays and failures can adversely affect its business. Route Mobile Initial public Offering listing date is 09 September 2020 and the last day for applying is 11 Sept 2020. The Most Visited Website For IPOs in India. route mobile limited ... initial public offering of up to [ ] equity shares of face value ` 10 each (âequity sharesâ) of our company for cash at a price of ` [ ] per equity share including a premium of ` [ ] per equity share (âoffer priceâ), aggregating up to ` 6,000.00 million (âofferâ). He is NISM Certified - Investment Adviser. Route Mobile IPO Review IPO Details. Route Mobile company is expected to start trading on the stock market on September 21 with a likely final issue price of Rs 350 per share. The shares got listed at an 11 per cent premium from the IPO price. The Rs 600 crore Route Mobile initial public offer (IPO) is all set to hit the primary market on Wednesday. Further, they were ranked second globally as a tier one A2P service provider in 2017. The company proposes to raise Rs 600 crore through the IPO which comprises fresh issue of shares worth Rs 240 crore and an offer for sale (OFS) of Rs 360 crore by promoters -- Y Sandipkumar Gupta and Rajdipkumar Gupta. Book Built Issue IPO. After the dry spell of nearly four months, the Indian IPO market is gaining momentum again. New Delhi: Route Mobile shares made a strong debut on Dalal Street on Monday (September 21) with its shares rising as much as 110% to Rs 735 on the BSE as compared to its issue price of Rs 350 per shares.As of 1:05 am, Route Mobile shares traded 93.91% higher at Rs 678.70 apiece. IPO Date. The issue is priced at ₹345 to ₹350 per equity share. The shares got listed at an 11 per cent premium from the IPO price. Route Mobile IPO – Invest for short term to long term. The cloud communication platform services provider Route Mobile â¹600 crore IPO will open for subscription from today. Your email address will not be published. 2) Its business depends on the success of their relationship with mobile network operations. There are no listed peers to compare whether the Route Mobile IPO Price is under priced or overpriced. The IPO to list on NSE and BSE. Join Route Mobile IPO discussion here. Sep 9, 2020 - Sep 11, 2020. Route IPO shares surged on listing Route Mobile share prices more than double on listing 1 min read. This is Indiaâs fourth IPO since the Covid-19 pandemic disrupted the economy, following Rossari Biotech Ltd., Mindspace Business Parks REIT Ltd. and the Happiest Minds Technologies Ltd. Route Mobile plans to raise Rs 600 crore by selling up to 1.71 crore shares at Rs 345-350 apiece, according to its red herring prospectus. Also read: Happiest Minds IPO is medium to long term bet. What is the Subject to Sauda price for Route Mobile Ltd IPO? The lot size for Route Mobile IPO … Route mobile is a niche player that provides cloud-communication platform as a service to enterprises, over-the-top players and mobile network operators. general risk . The Rs 600 crore Route Mobile IPO received 73.30 times bids on the final day of the bidding process. Route Mobile Share: The IPO was subscribed 73.30 times, receiving bids for more than 89 crore shares as against the total issue size of 1,21 crore ⦠Cloud communication company Route Mobile IPO will open on September 9. Route Mobile IPO Valuation On the upper price band of Rs 350 and EPS of Rs 13.8 for FY20, the P/E ratio works out to be 25.3x. One can expect listing gains too. However, considering latest nos of FY20 and June-20, P/E at 16x to 25x can be considered as fully priced. Route Mobile IPO opens with 105% premium at Rs 708 per share Shares of Route Mobile, the cloud communication services provider made a strong debut on exchanges on Monday as … Best Investment Plans in India and Money Saving Ideas, Route Mobile IPO – Details, Price and Valuations – Review. For extensive information about the company like promoters, financial data download the report now. Route … The initial public offer (IPO) of Route Mobile, a cloud communications service provider, opens for public subscription today. 1) Route mobiles profits are on declining mode. Stock of Route Mobile listed at a premium of 102.28% above its IPO issue price ⦠3) Its revenues come through a limited number of clients. Route Mobile, a cloud communication service provider, has fixed a price band of â¹345-350 per share for its â¹600-crore initial public offering (IPO) that will open on September 9. 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