But for retail investors it is always good to book profit and exit in IPO. Started in 2014, Route Mobile provides cloud communication platform as a service to enterprises, streaming apps and mobile network operators. He is also a certified HTML programmer Perl programmer and active server pages programmer from Brainbench. At the upper price band of Rs 350, the issue has been offered at P/E of 25.4x to its FY20 EPS of Rs 13.8, the company does not have any listed peers. NEW DELHI: Route Mobile today said it has filed draft prospectus with the market regulator for Initial Public Offering (IPO) and plans to raise about Rs 600 crore through a combination of fresh issue and … IPO . SHARE ON: Valuation and View: At upper price band of Rs 350, issue has been offered … Considering increasing internet penetration and increased use of cloud communication services enterprises, the size of the global A2P market is expected to grow at a healthy rate in the coming years. 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 … by Arihant Team | Sep 9 2020 . The company’s operations are internally aligned into the following three business verticals: Since the onset of the COVID-19 pandemic in March 2020, the company has responded swiftly by implementing various processes to ensure its operations and services to its customers continue seamlessly. c) In Fiscal 2019, it managed more than 24.74 billion billable transactions. (ii) Rajdipkumar Gupta, aged 45 years, is the Managing Director and Group Chief Executive Officer of our Company. As per its prospectus (RHP), the company plans to use the proceeds from this IPO to repay debt, for acquisition and other strategic initiatives, for purchasing office premises in London and Singapore and for general corporate purposes. We recommend Investors to subscribe for the issue. Route Mobile has tie-up with third parties and MNOs in particular for connectivity in various regions Click here to login/signup to join the discussion, https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200918-2, Click here to download the Android App from Play Store. know more, Click here to login/signup to join the discussion*, ⭐⭐⭐⭐⭐ Most Influential Member (2955 Posts). Staffed with 300 employees, the company is serving its clients through 18 locations across Africa, Asia Pacific, Europe, the Middle East, and North America. 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. Route mobile IPO price band The company has kept a price band of Rs 345–350 for the IPO. Route Mobile Inc, USA; by The Cloud communications service provider, Route Mobile IPO comprises a fresh issue of shares … Route Mobile Limited, Ghana; There are no listed entities in India whose business portfolio is comparable with that of our business. In this blog, let us analyse this IPO on various fronts like company overview, sector analysis, financial and valuation … Open Angel Broking Account with Us and get exclusive bonuses! 4. At the upper limit of this grey market premium (GMP), it would mean a 89 per cent listing pop for Route Mobile. Your email address will not be published. All their servers and platform are maintained in Tier III data centers and all components are managed remotely by authorized personnel only and through secured connections. Including eps? Route Mobile L.L.C, UAE; The Arihant Team believes everyone deserves access to sophisticated financial advice. Copyright © 2020 Arihant Capital Markets Ltd. All rights Reserved. Route Mobile IPO: Anchor Investors Route Mobile garnered Rs 180 crore from 15 anchor investors ahead of its IPO. In fiscal 2020 and in the 3 months ended June 30, 2020, it has serviced 2,787 customers and 1,380 customers, respectively, across sectors including social media, banking, and financial services, aviation, retail, internet/e-commerce, logistics, healthcare, hospitality, media and entertainment, pharmaceuticals and telecom. The promoters currently hold a 96% stake in the company, however, after the share sale, the promoter shareholding will fall to 66.33%. Our team of experts are curating informative and research-based article on this blog, to help make investing and managing your money easier for you! The Rs 600 crore IPO by Route Mobile was fully subscribed on Day 1 of the bidding process on Wednesday. | Sep 9 2020. ISIN No – INE450U01017, no allotment yet again..so 2 different companies applied but got none, Please check *Tomorrow*, your allotment on above link, QIB 28.99 X Also read: CAMS mops up Rs 667 crore from anchor investors 5. (i) Incorporated in 2004 and has headquartered in Mumbai, India, Route Mobile provides a cloud-communication platform as a service (“CPaaS”) to enterprises, over-the-top (“OTT”) players, and mobile network operators (“MNOs”). RouteSms Solutions FZE, UAE; They drive 80% sales from outside India. (i) Chandrakant Gupta, aged 67 years, is the Chairman and Non-executive Director of the Company. https://www1.nseindia.com/live_market/dynaContent/live_analysis/sml/smlOrderBook.jsp?param=ROUTEEQG&symbol=ROUTE, 0 alloted out of 4 applied..i applied for both ipo on first day got none..does that depend on day applied as well, Its lottery … doesn’t depend when you apply… it’s pure luck. The company is going to raise around ₹600 crores as the price band is fixed at 345-350 with market … Further, their support teams continue to operate and are reachable through the same channels available to the customers before the pandemic. 80% of revenue comes from exports and 20% from domestic operations. What is Route Mobile IPO? Get the best invest advice and insights delivered to your Inbox. a) In the three months ended June 30, 2020, the Route Mobile cloud communications platform has processed more than 6.95 billion billable transactions. Book Built Issue IPO. Route Mobile Uganda Limited; It is a good bet for long term as well. As of June 30, 2020, they have direct relationships with over 240 MNOs and provide enterprise clients with access to over 800 mobile networks. From day one, our mission has been to help make investing easier and accessible to every Indian. Their platform is designed to handle any increases in traffic and its servers maintain excess capacity, which can be scaled in real-time as well. The markets in which it operates are highly competitive. They are able to access more than 800 networks across the world, as of June 30, 2020. So, stay here for long term. Issue Type. Route Mobile IPO subscription will be the key for the IPO to list with good premium. Route Mobile IPO is going to hit the market on 09 September 2020 and closes on 11 September 2020. He is also the Promoter of our Company and has been associated with our Company since inception. (Source: ROCCO Report 2017). 9. 1,71,42,857 Eq Shares of Rs 10 (aggregating up to Rs 600.00 Cr) The route will raise Rs 600 crore from the market through mobile IPO… Route Mobile IPO Price Band / Cash Price The face value of each share is Rs 10, but the price band of the IPO is Rs 345 – 350. Script Code: 543228 Hi @market wizard i have brought 270 hsares route mobile @731.now 22k loss,shall i hold or sell them tomorrow ? Issue Price: Rs. 8. 10. Among them Sandeep Kumar Gupta and Rajdeep Kumar Gupta are about to sell shares worth Rs 180-180 crore. Face Value = Rs 10. IPO Market: After a long drought, there is a stir in the primary market. IPO Date. Route Mobile was trading with a premium of more than Rs 200 per share in the grey market against final IPO price. Cellent Technologies (India) Private Limited; 7. Route Mobile Nepal Private Limited; The Rs 600 crore Route Mobile IPO received 73.30 times bids on the final day of the bidding process. 4. Exchange: *BSE & NSE*, BSE Listing Circular: https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200918-2, https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20200918-2&attachedId=a7cae822-4c6a-483f-a6f2-687134ce7784, Route Mobile to list on the exchanges on *September 21, Monday*, Symbol – *Route* (iii) Sandipkumar Gupta, aged 46 years, is the Non-Executive Director of our Company. In a small period of time Route Mobile became a renowned name as a … 1. whats ur view? Sphere Edge Consulting (India) Private Limited; Required fields are marked *, संत कबीर के 7 दोहों से महत्वपूर्ण निवेश के सबक. a) Enterprise business– Route Mobile enterprise vertical primarily provides a cloud-based communication platform to enterprises to enable digital communication through multiple channels including RCS, A2P / P2A messaging, 2Way Messaging, OTT business messaging, enterprise email and URL shortening, and Mail2SMS. 365squared Limited, Malta; As per data available with NSE, the issue received bids for 1,22,31,600 … Tuesday, 15 December 2020. (ii) They were ranked second globally as a tier 1 application-to-peer (“A2P”) service provider in 2017. Route Mobile (UK) Limited; Call 2 Connect India Private Limited; 7. The clients include sectors including social media, banking, and financial services, aviation, retail, internet/e-commerce, logistics, healthcare, hospitality, media and entertainment, pharmaceuticals, and telecom. Route Mobile (Bangladesh) Limited; In this order, the IPO of Root Mobile is opening today i.e. Everything you need to know about the UTI AMC IPO. Route Connect Private Limited. For last 3 years EPS of Rs 12.2, P/E ratio is 28.5x. The minimum order quantity is 40 Shares. The issue is priced at ₹345 to ₹350 per equity share. 345-350 per equity share. 8. In today's world where we order everything online, the SMS market is bound to grow in the coming time. The listing gain expected 25-30%. on 9 September. Messaging and voice application programming interface company Route Mobile Ltd is seeking a valuation of Rs 1,990 crore ($272.08 million at current exchange rates) through an initial public offering (IPO) … Start Corp India Private Limited; The company has also deployed security systems to safeguard assets and customer data as well as issued detailed work from home protocols to enable secure usage. 1. Click here to apply for Route Mobile IPO. Route Mobile IPO Details. 6. Here is the answer, You can apply for Route Mobile IPO through the ASBA feature of your bank. Your email address will not be published. Review and Recommendation of InvestorZone are 5/10. Sep 9, 2020 - Sep 11, 2020. Spectrum Telecom FZ – LLC. The IPO comprises a fresh issue of shares worth Rs … Through this IPO, the company plans to garner Rs 600 crore. 2. 11. Apply Mrs. Bectors Food Specialities IPO at Arihant Capital. *Anchor Book (₹180 cr)* had participation from key Marquee Foreign and Domestic Institutional Investors. Issue Size. They were also ranked first for ‘value … b) In Fiscal 2020, the platform managed more than 30.31 billion billable transactions from the clients and was used by more than 2,700 clients. Route Mobile IPO details. 3. 2. ISIN: INE450U01017 *₹13.8 cr* each to : SBI MF, ICICI Prudential MF, Goldman Sachs, Kuwait Investment Authority, Birla MF, Axis MF, Nippon MF, Franklin Templeton MF, Vantage Equity Fund and SBI Life, *₹10.4 cr* each to : Macquarie Asset Management and Theleme Partners, *₹7 cr* each to : Wells Capital, Mirae MF and IIFL AIF. They were also ranked first for ‘value-added services’ provided, the ‘implementation process’, and our ‘uptime performance’ among tier 1 vendors. 1. The offer consists of a fresh issue of up to Rs 350 crore and a stake sale, aka offer-for-sale, by promoters Sandipkumar Gupta and Rajdipkumar Gupta. Route Mobile being ranked 2nd globally in tier 1 A2P service provider is likely to benefit. 6. Select the Route Mobile IPO… The analytics-based SMS firewall solution helps MNOs identify grey route traffic terminating on their networks, block grey route traffic, identify the source of such grey route traffic, and monetize such traffic. Explore. 4. 3. Route SMS Solutions Zambia Limited; Diversified and global client base across industries, a scalable delivery platform supported by good infrastructure, a robust business model with a consistent financial track record are the key positive factors that augur well for the company. c) BPO Services: They provide a range of BPO services including client support, technical support, booking, and collection services. Thde Anchor investors include Goldman Sachs, Macquarie, SBI Life … *Route Mobile Limited IPO – Listing Update*, Symbol: ROUTE Route Mobile PTE Limited, Singapore; and GOLDMAN SACHS INDIA FUND LIMITED BUY 4,75,012 705.95 –, GOLDMAN SACHS TRUST EMERGING MARKETS EQUITY FUND BUY 8,00,908 705.95 –, GS FDS SICAV GS GLOBAL EMGMKTS EQ PORTFOLIO BUY 11,33,423 705.95 –, KUWAIT INVESTMENT AUTHORITY A/C KUWAIT INVESTMENT AUTH FD 225 BUY 5,78,504 697.25 –, https://www.moneycontrol.com/news/business/markets/goldman-sachs-invests-in-route-mobile-shares-climb-3-5869821.html. b) Mobile Operators: Route Mobile main service offerings in this segment include SMS analytics, firewall, filtering, monetization, and CPaaS, and hubbing solutions. 9. RETAIL 10.47 X, Issue Size: *₹600 cr* (at upper end of price band), _*IPO closes on Friday, 11th September, 2020*_. He holds a bachelor’s degree in commerce from University of Mumbai. Lot of big names entered in the route yesterday. For last 3 years EPS of Rs 12.2, P/E ratio is 28.5x. Route Mobile IPO Valuations. Listing Estimate of Route Mobile ltd. IPO of Route Mobile received very strong response from the retail investors as well as High networth investors. The company’s operations are internally aligned into three business verticals namely enterprise, mobile operator and business process outsourcing. Wipro Buyback – Retail Investors Should Know Buyback Here is all the Details. The revenue from operations was ₹ 504 Crores, ₹ 846 Crores, ₹ 956 Crores, and ₹ 309 Crores in Fiscal 2018, 2019 and 2020, and in the three months ended June 30, 2020, respectively. (ii) They were ranked second globally as a tier 1 application-to-peer (“A2P”) service provider in 2017. 2. The business depends on the continuity of the relationship with these MNOs. Route Mobile IPO Review & its Company valuation details . Route Mobile IPO Equity Size This Initial Public Issue of 17,391,303 Equity Shares of Rs.10 each for cash at a price of Rs. Route Mobile IPO P/E 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. Route Mobile Limited was incorporated in the year 2004. The Route Mobile IPO comprises fresh issue of shares worth Rs350 crore and an offer for sale of up to 65 lakh shares by founders. As of June 30, 2020, they had direct relationships with over 240 MNOs and four short messaging service centers hosted in various geographies across the globe. As per the current speculations the GMP is going down from the high of 225 to 190 and it might further slip as the subscription from QIB and HNI not support but still we are very much positive that the IPO … around the world to provide their services to the clients. Scrip code – 543228 NII 90.75 X Route Mobile IPO is a main-board IPO of 17,391,303 equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. Can you add Apr-Jun 2020 numbers? 12. Route Mobile IPO Form: Thinking about how to apply the Route Mobile IPO? Route Mobile Ltd IPO opens today for subscription, with the company looking to repeat the success of Happiest Minds public issue, which opened earlier this week. He holds a bachelor’s degree in science (physics) from the University of Mumbai and a master’s diploma in software engineering from Aptech Computer Education. Route Mobile to open IPO on Sept 9 in the Price Band of Rs. Route Mobile is a cloud communications service provider has issued an IPO open from 9 th September ’20 to 11 th September ’20. Earnings Per Share (EPS) = Rs 13.83 PE Ratio = 24.95-25.31 (Approx). Analysts said a strong debut for Route, which had been subscribed 73.3 times, … 3. Route Mobile is a leading cloud-communication platform offering voice, email, messaging and analytics services. Return on Net Worth (RONW) = 25.65% Net Asset Value = 44.56 /Share. 350/- per share QIB portion is oversubscribed by 89.76 … Route Mobile IPO Opens today: Valuation and View details. 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 … And have only 20% of income coming from India. The existing shareholders will sell shares worth Rs 360 crore under the offer for sale (OFs). Route Mobile IPO to open on September 9: 10 key things you must know before subscribing ... which makes the IPO valuation fairly attractive for long term investors. Arihant Team The company is looking to raise Rs 600 crore through an IPO, by selling up to 1.71 crore shares at Rs 345-350 apiece. Route Mobile Lanka (Private) Limited; Route Mobile IPO description – Route Mobile offers cloud-communication platform as a service (CPaaS) to enterprises, over-the-top (OTT) players and mobile network operators (MNOs).The … Route Mobile IPO Opens Today: Check Issue Details, Valuation & Risks; Know If You Should Subscribe To It Route Mobile IPO Opens Today: The company aims to utilise the proceeds for repayment of … d) They have established direct relationships with MNOs that provide clients with global connectivity. They maintain a robust VPN infrastructure, which has enabled and equipped its employees to work from home, ensuring no service disruptions and uninterrupted support to their customers. Add to Calendar 2020-09-09 12:00 AM 2020-09-11 12:00 AM Asia/Kolkata Route Mobile Ltd IPO (Route Mobile IPO) Detail Route Mobile Ltd India Route Mobile Ltd is coming out with an IPO with a Fresh … For the … Sign in e-paper New. 5. He is a SAP certified solution consultant – mySAP Financials – Managerial and Financial Accounting. RouteSms Solutions Nigeria Ltd; Route Mobile is currently ranked the second {globally} as a tier 1 A2P  service provider and is also ranked 1st for ‘value-added services’ provided. 240 crore fresh shares will be issued in the issue. Route Mobile IPO … The Rs 600-crore issue … Messaging and voice application programming interface company Route Mobile has also refiled its draft prospectus with the market regulator for an IPO. 345 – 350 per equity … Route Mobile Malta Limited; He is also a qualified chartered accountant and a member of the Institute of Chartered Accountants of India. (i) Incorporated in 2004 and has headquartered in Mumbai, India, Route Mobile provides a cloud-communication platform as a service (“CPaaS”) to enterprises, over-the-top (“OTT”) players, and mobile network operators (“MNOs”). 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And a Member of the face value of ₹10 aggregating up to 1.71 crore shares at Rs 345-350.! Mysap Financials – Managerial and financial Accounting Retail Investors it is a certified! ) Limited ; 2 bachelor ’ s degree in commerce from University of Mumbai Investors it is always to.