IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Detail
IPO Information
Financial
Financial Report
Peer Comparison
Peer Comparison
Performance
Performance Report
Route Mobile IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 600.00 Cr. The company is based in Mumbai and caters to Information Technology - SaaS sector. Idbi Capital Market Services , Axis Capital , Edelweiss Financial Services , ICICI Securities are the merchant bankers of Route Mobile IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th September 2020.
Route Mobile IPO open date is 9th September 2020 and close date is 11th September 2020. IPO Allotment Date is 16th September 2020 and Listing date is 21st September 2020.
IPO
Size:
₹ 600.00 Cr.
Avg IPO Size (Sector Based)
: ₹
642.93 cr.
Sector: Information Technology - SaaS
IPO so far:
6
Merchant Banker:
Idbi Capital
IPO by BRLM so far:
30
City:
Mumbai
IPO so far:
189
Revenue (annualised):
₹
1249.20
cr. 
PE
Ratio:
18.47x
Average Sector PE Ratio: 29.22x
Route Mobile IPO size is ₹ 600.00 Cr. with IPO price of ₹ 350.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Idbi Capital Market Services Limited is the book-running lead manager of the Route Mobile IPO. Kfin Technologies Limited is the Registrar for Route Mobile IPO.
Route Mobile IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Route Mobile IPO, based in Mumbai, operates in the Information Technology - SaaS sector with a focus on cloud communication platform providing services. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Route Mobile IPO size is ₹ 600.00 Cr. with fresh issue size of ₹ 240 and Offer for sale being ₹ 360.00 Cr.
The IPO allotment date for Route Mobile IPO is expected to be 16th September 2020, after the finalization of basis of allotment. Investors can check Route Mobile IPO allotment status on the registrars website, Kfin Technologies Limited . Route Mobile IPO refund dates are 17th September 2020.
Route Mobile IPO is expected to be listed on 21st September 2020.
The upper price band for the Route Mobile IPO is set at ₹ 350.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Route Mobile IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Route Mobile IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 11th September 2020. After submission, funds are blocked until the basis of allotment of Route Mobile IPO is finalised.
The merchant banker for Route Mobile IPO is Idbi Capital Market Services Limited , Axis Capital Limited , Edelweiss Financial Services Limited , ICICI Securities Limited . Idbi Capital Market Services Limited , Axis Capital Limited , Edelweiss Financial Services Limited , ICICI Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Route Mobile IPO RHP for further details.
The registrar for Route Mobile IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Route Mobile IPO through their official website or helpline.
Route Mobile IPO was subscribed 73.30 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 600.00 Cr.
Avg IPO Size (Sector Based)
:
₹ 642.93 Cr.
Sector: Information Technology - SaaS
IPO so far:
6
Merchant Banker:
Idbi Capital
IPO by BRLM so far:
30
City:
Mumbai
IPO so far:
189
Revenue (annualised):
₹ 1,238.44 cr.
PE
Ratio:
18.47x
Average Sector PE Ratio: 29.22x
Route Mobile IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Route Mobile Financial Review Page
Merchant Banker(s) of Route Mobile IPO: Idbi Capital Market Services Limited , Axis Capital Limited , Edelweiss Financial Services Limited , ICICI Securities Limited
Route Mobile IPO subscription was 73.30 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Route Mobile IPO listed at a listing price of 651.10 against the offer price of 350.00.
The current market price of Route Mobile is 959.60.
Why Us?
