Route Mobile Ltd, a provider of cloud-communication platform services, has sought the permission for initial public offering (IPO) from SEBI. The company has filed the draft red herring prospectus (DRHP) on 22 January 2018. The company is based in Mumbai and provides cloud-communication platform services. The issue comprised of new shares worth Rs 350 crore and an offer for sale worth by the promoters of the company. The promoters are going to sell 65,00,000 shares in an offer for sale. It is expected that the total size of the issue will be around Rs. 600 crores.
The company is also planning for a pre-IPO placement. The size of the pre-IPO placement will be Rs. 125 crore. If the company succeeds in pre-IPO-placement, the offer size will be reduced to Rs. 125 crore.
Currently, The company is waiting for the approval from the market regulator, the IPO will be floated after the SEBI’s approval. The IPO price band and dates will be announced as soon as the company gets the approval.
If you are an investor, who want to invest in Route Mobile IPO, then you must check the given section of the website to get all details about the Route Mobile IPO Allotment, Financial, Review, Subscription and Listing date. Investors can download the Route Mobile DRHP and prospectus from the SEBI website or via the link given below.
- 1 Route Mobile IPO
- 2 Route Mobile IPO, Allotment, Date, Price, Subscription, Listing Date
Route Mobile IPO
About the company: Route Mobile Limited is a leading cloud-communication platform service providers to enterprises, over-the-top (“OTT”) players and mobile network operators. The company provides a wide range of services include messaging, voice, email and SMS filtering, analytics and monetization. The company was incorporated in 2004 and are headquartered in Mumbai. The company has clients in various sectors such as banking and financial services, aviation, retail, e-commerce, logistics, healthcare, hospitality, media and entertainment, pharmaceuticals and telecom. The company has a client base of over 23,000 clients, including a number of Fortune Global 500 companies. The company possesses offices in Africa, Asia Pacific, Europe, Middle East and North America.
The operations of the company are divided into following business verticals:
- Enterprise and OTT
- Mobile operator; and
- Business process outsourcing (“BPO”)
Company Promoters: Sandipkumar Gupta And Rajdipkumar Gupta
Objects of the Issue
Route Mobile IPO Grey Market Premium, Rates, GMP Price
Route Mobile IPO, Allotment, Date, Price, Subscription, Listing Date
|Name||Route Mobile Limited|
|Issue Price||Rs. – Rs. Per Equity Share|
|Lot Size||-- Shares|
|Minimum Order Quantity||-- Shares|
|Issue Type||Book Built Issue IPO|
|Issue Size||---- Equity Shares of Rs 10 aggregating up to Rs ---- Crore|
|Lead Manager||Motilal Oswal Investment Advisors Limited, IDBI Capital Markets & Securities Limited and YES Securities (India) Limited|
|Registrar||Karvy Computershare Private Limited|
|Listing at||NSE / BSE|
Motilal Oswal Investment Advisors Limited, IDBI Capital Markets & Securities Limited and YES Securities (India) Limited are the Book Running Lead Managers.
Karvy Computershare Private Limited is the registrar to the Route IPO.
Route Mobile IPO Allotment Status
The information about the allotment status of Route Mobile IPO will be given here. The allotment will be announced on Karvy website.
Route Mobile Limited Address
IPO DRHP / Prospectus
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