Route Mobile Limited IPO, Route Mobile IPO Details

By | February 2, 2018
Route Mobile Limited IPO, Route Mobile IPO, Route IPO, Route Mobile Allotment, Prospectus, Date, Price, DRHP, GMP, Grey Market Premium, Size, Listing Date, Review, Subscription, Financials and other details.
Route Mobile IPO

Route Mobile IPO

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.

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:

  1. Enterprise and OTT
  2. Mobile operator; and
  3. Business process outsourcing (“BPO”)

Company Promoters: Sandipkumar Gupta And Rajdipkumar Gupta

Objects of the Issue

The Offer comprises of the Fresh Issue and the Offer for Sale.

Offer for Sale

The Offer includes an Offer for Sale of 6,500,000 Equity Shares by the Selling Shareholders.

  • Route Mobile Limited will not receive any proceeds from the Offer for Sale, All proceeds shall be received by the Selling Shareholders.

Fresh Issue

  • Investment in Route Mobile (UK) Limited for repayment/prepayment of the loan availed from Deutsche Bank AG;
  • Repayment or pre-payment, in full or part, of certain existing loan facilities of our Company;
  • Acquisitions and other strategic initiatives;
  • Investment in Subsidiaries for purchase of office premises in London and Singapore;
  • Purchase of business process outsourcing center in Noida; and
  • General corporate purposes.

Route Mobile IPO Grey Market Premium, Rates, GMP Price

DateGMPKostak RateSauda

Route Mobile IPO, Allotment, Date, Price, Subscription, Listing Date

NameRoute Mobile Limited
Open Date
Close Date
Allotment Date
Refund Date
Listing Date
Issue PriceRs. – Rs. Per Equity Share
Lot Size-- Shares
Minimum Order Quantity-- Shares
Issue TypeBook Built Issue IPO
Issue Size---- Equity Shares of Rs 10 aggregating up to Rs ---- Crore
Lead ManagerMotilal Oswal Investment Advisors Limited, IDBI Capital Markets & Securities Limited and YES Securities (India) Limited
RegistrarKarvy Computershare Private Limited
Listing atNSE / BSE

IPO Poll

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Lead Managers

Motilal Oswal Investment Advisors Limited, IDBI Capital Markets & Securities Limited and YES Securities (India) Limited are the Book Running Lead Managers.

Registrar

Karvy Computershare Private Limited is the registrar to the Route IPO.

Karvy Computershare Private Limited

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

Registered Office and Corporate Office: 4th Dimension, 3rd Floor,
Mind Space, Malad (West),
Mumbai 400 064, Maharashtra, India

Telephone: +91 22 4033 7676
Fax: + 91 22 4033 7650
E-mail: [email protected]
Website: www.routemobile.com

IPO DRHP / Prospectus

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