Route Mobile Ltd IPO

Mainboard

IT - Software

Listed On: Sep 21, 2020 at ₹ 717.00

₹ 14000 /40 Shares

Check Allotment

Price Summary

Last Closing

1,414.50 (304.14%)

52 Week High

1,942.45

52 Week Low

1,334.00

Last Update

25-Nov-2024 3:30 PM

IPO Details

09 Sep, 2020

Open Date

11 Sep, 2020

Close Date

17 Sep, 2020

Allotment Date

21 Sep, 2020

Listing Date

Issue Price

₹345 to ₹350 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

717.00

Listing Date

2020-09-21

Market Lot

40 Shares (₹14,000/-)

Lead Manager

Axis Capital Limited
Edelweiss Capital Limited
ICICI Securities Limited
IDBI Capital Market Services Limited

Issue Size

Total Equity Shares 1,71,42,856 of Rs 10/- at price of Rs 345 to Rs 350 with aggregating up to Rs 600 Cr
# Fresh Issue of 68,57,142 (approx.) Equity Shares of Rs 10/- at price of Rs 345 to Rs 350 with aggregating up to Rs 240 Cr
# Offer for Sale of 1,02,85,714 Equity Shares of Rs 10/- at price of Rs 345 to Rs 350 with aggregating up to Rs 360 Cr

Retail Portion

N/A

Subscription

73.30 times

IPO Docs

RHP DRHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	3,478,259	2,608,696	6,086,957	12,173,912
Day 1 - 09-09-20 5:30 PM	0.01 x	0.46	1.80 x	1.00 x
Day 2 - 10-09-20 5:30 PM	1.25 x	2.04	6.70 x	4.15 x
Day 3 - 11-09-20 05:30 PM	89.76 x	192.81	12.67 x	73.30 x

Valuations

Earnings Per Share (EPS)

₹13.16

P/E Ratio

26.60

RoNW

25.58%

Net Asset Value (NAV) - Post Issue

Rs 263.96

Company Financials All values are in ₹ Cr.

	30-June-20	31-March-20	31-Mar-19	31-Mar-18
Assets	634.83	626.54	505.78	₹447.36
Revenue	312.29	968.10	852.37	509.48
Profit After Tax	26.93	69.10	54.53	46.67

IPO - Ratings

Angel Broking	Subscribe
Axis Capital	None
Capital Market	Subscribe
Choice Equity Broking Pvt Ltd	Subscribe
Edelweiss Broking Ltd	None

- Promoter(s)

Company Promoter(s)

Mr. Sandipkumar Gupta
Mr. Rajdipkumar Gupta

IPO - Issue Objectives

Offer for Sale:
✦To carry out the disinvestment of Equity Shares by the Selling Shareholder in the company.
✦To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Fresh Issue:
✦Repayment or pre-payment, in full or part, of certain borrowings of our Company
Acquisitions and other strategic initiatives
✦Purchase of office premises in Mumbai
✦General corporate purposes

IPO - FAQs

Ans. Route Mobile Ltd IPO is a Mainboard IPO. The issue is priced at ₹345 to ₹350 per equity share. The minimum order quantity is 40 Shares. The IPO opens on Sep 9, 2020, and closes on Sep 11, 2020. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Route Mobile Ltd IPO opens on Sep 9, 2020 and closes on Sep 11, 2020.

Ans. The size of Route Mobile Ltd IPO is Total Equity Shares 1,71,42,856 of Rs 10/- at price of Rs 345 to Rs 350 with aggregating up to Rs 600 Cr # Fresh Issue of 68,57,142 (approx.) Equity Shares of Rs 10/- at price of Rs 345 to Rs 350 with aggregating up to Rs 240 Cr # Offer for Sale of 1,02,85,714 Equity Shares of Rs 10/- at price of Rs 345 to Rs 350 with aggregating up to Rs 360 Cr.

Ans. The IPO price band is set between ₹345 to ₹350 per equity share.

Ans. To apply for Route Mobile Ltd IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Route Mobile Ltd IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Route Mobile Ltd IPO is Sep 17, 2020.

Ans. The Route Mobile Ltd IPO will be listed on Sep 21, 2020.

Ans. Follow the steps to check the allotment status for Route Mobile Ltd IPO here.