Route Mobile Limited
ListedMainboardTechnology / Communication Services · NSE / BSE
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.
Price Band
₹345 – ₹350
Issue Size
₹600 Cr
Lot Size
40 shares
GMP
₹310
+88.6%
Est. Listing
₹660
at current GMP
Subscribed
73.30x
overall
Open
9 Sep 2020
Close
11 Sep 2020
Allotment
17 Sep 2020
Refund
18 Sep 2020
Demat Credit
19 Sep 2020
Listing
21 Sep 2020
Last updated 12 days ago
Official Registrar Verification
Route Mobile Limited Allotment Status
Designated Registrar: Kfin Technologies Limited
Allotment Date
17 Sep 2020
Basis finalization
Refunds Initiate
18 Sep 2020
Mandate release
Demat Credit
19 Sep 2020
Shares in demat
Listing Debut
21 Sep 2020
Trading begins
How to Check Route Mobile Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
- Select Route Mobile Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Route Mobile Limited Public Issue & Market Profile
Route Mobile Limited is bringing an initial public offering (IPO) in the Technology / Communication Services sector with an aggregate issue size of ₹600 Crores. The shares are offered at a price band of ₹345 to ₹350 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2020-09-11, the basis of allotment is scheduled to be finalized on 2020-09-17. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.