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
Overall Subscription
73.30x
Total Demand
QIB Multiplier
89.76x
Institutions & Funds
NII / HNI
192.81x
High Net-Worth
Retail (RII)
12.67x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 3,478,259 | 312,221,040 | 89.76x |
| NIB | 2,608,696 | 502,991,040 | 192.81x |
| RETAIL | 6,086,957 | 77,129,000 | 12.67x |
| Total | 12,173,912 | 892,341,080 | 73.30x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 150,000 | 1,900,500 | 12.67x |
| HNIs (10L +) | 959 | 184,905 | 192.81x |
| HNIs (2-10L) | 4,592 | 885,384 | 192.81x |
| Total Applications | 155,551 | 2,970,789 | 19.10x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 is Route Mobile Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Route Mobile Limited IPO is ₹310 per equity share. Based on the upper price band of ₹345 to ₹350 per equity share, the estimated listing price is ₹660 (+88.6% expected listing gain).
What is the expected profit per lot for Route Mobile Limited IPO?
With a lot size of 40 shares and current GMP of ₹310, the expected profit per application lot is approx ₹12,400 (+88.6% gain). Minimum application cost is approx ₹14,000.
What is the issue size and price band for Route Mobile Limited IPO?
The Route Mobile Limited IPO aggregate issue size is ₹600 Crores with an equity price band set at ₹345 to ₹350 per equity share. The retail lot size is 40 shares requiring a minimum capital outlay of approx. ₹14,000.
How can I check Route Mobile Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 73.30x (Retail: 12.67x, QIB: 89.76x, NII: 192.81x). You can track live multiples directly on our dedicated subscription page.
Where and when will Route Mobile Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2020-09-17. Investors can verify status using PAN card or application number.
When is the listing date for Route Mobile Limited IPO?
Route Mobile Limited shares are scheduled to list on NSE and BSE on 2020-09-21.