Route Mobile IPO Price band: Rs 345-Rs 350 per share Mazagon Dock IPO subscribed 7.5 times on second day; retail investors subscription at 15.5 times. Good but it is closed for subscription now. The issue opens for subscription on September 09, 2020, and will close on September 11, 2020. Further, it also offers SMS analytics, firewall, filtering and monetization, SMS hubbing and Instant Virtual Number ("IVN") solutions to MNOs across the globe. The Route Mobile IPO will list on Monday, September 21, 2020, at BSE, NSE. The Route Mobile IPO allotment status is expected on or around Sep 16, 2020. The initial public offer (IPO) of Route Mobile Ltd offers an early investment opportunity in Route Mobile Ltd. A stock market investor can buy Route Mobile IPO shares by applying in IPO before Route Mobile Ltd shares get listed at the stock exchanges. will stand enhanced to Rs. Issue constitutes 30.15% of the post issue paid-up capital of the company. Let’s have a detailed review of the company and analytics of the Route Mobile IPO release date, IPO offer price, subscription, Route Mobile Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things. Route Mobile Ltd IPO finalization of basis of allotment is done within a week time of IPO share bid closing date. Karvy or Link Intime finalize the Route Mobile IPO basis of allotment status. Route Mobile IPO Allotment status 2020 chittorgarh. COMPARISION WITH LISTED PEERS:As per offer documents, RML has no listed peers to compare with. Bloomberg | Quint is a multiplatform, Indian business and financial news company. 59.40 as on June 30, 2020.If we annualize latest earnings and attribute it on fully diluted equity post issue, then asking price is at a P/E of around 18.47. The public issue subscribed 12.67 times in the retail category, 89.76 times in QIB, and 192.81 times in the NII category by Sep 11, 2020 17:00. With this issue, the company is looking for a market cap of Rs. This segment has entry barriers and this company is enjoying its leadership with niche place among its clients. Investors may consider investment for short to long term. His reviews are regularly published online and in news papers. 46.68 cr. It has marked CAGR of 38% in revenue and total billable transactions for the past three fiscals. being the First Mover Company, it will generate investors' fancy post listing. the offer comprises a fresh issue of up to Sign in e-paper New. 350 per share. For the Q1 of FY21, it has earned a net profit of Rs. Route Mobile IPO GMP Rates day by day with Kotak rates. 852.38 cr. FINANCIAL PERFORMANCE:On the financial performance front, on a consolidated basis, RML has posted revenue/net profits of Rs. Route Mobile IPO what should investors do? Post issue, RML's current paid-up equity capital of Rs. Happiest to nahi laga . © 2020 Chittorgarh Infotech Pvt Ltd. All Rights Reserved. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty. 600 cr. Please revisit us to check the basis of allotment for Route Mobile IPO. The public issue closes on Sep 11, 2020 for bidding. (Source: ROCCO Report 2017). (FY19) and Rs. ISSUE DETAILS/CAPITAL HISTORY:To part finance its plans of repayment/prepayment of certain borrowings (Rs. Ltd. is the registrar to the issue. This will provide you with the IPO … Answered on 2020-08-29. Request callback for FREE demat & trading acct with very low brokerage. 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 size in QIB, and 192.81 times issue size in the Non-institutional category by Sep 11, 2020 17:00. • Over the years, it has gained global acceptance for its niche play. On an upper price band of Rs 350, with EPS at Rs 13.83 for FY 20, the stock is available at a P/E ratio of 25.3x which makes the IPO valuation fairly attractive. The grey market works before the IPO listing and during the days from IPO start date to the allotment date. The initial public offer (IPO) of Route Mobile Ltd offers an early investment opportunity in Route Mobile Ltd. A stock market investor can buy Route Mobile IPO shares by applying in IPO before Route Mobile Ltd shares get listed at the stock exchanges. When will Route Mobile IPO allotment status? and general corpus funds, RML is coming out with a maiden IPO with a combo offer of fresh equity issue (Rs. An investor could invest in Route Mobile IPO for short term listing gain or a long term. How many times Route Mobile IPO subscribed? 305 – 306: 22nd Sep, 2020: Equitas Bank IPO: 517 Cr. Let’s get the complete review of Route Mobile business overview, IPO dates, Route Mobile IPO allotment, subscription, company financials, and other information. The Route Mobile IPO … The IPO Shares of Route Mobile Ltd IPO are proposed to list on Monday, September 21, 2020 at BSE, NSE. Get alerts on latest IPO news stories along with upcoming, open and listing IPO dates & offer price details. Definition: QIB  NII  RII  Employee  Others  Total. 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. Burger King IPO Listing date is 14th December 2020, Monday at 10:00 AM on NSE and BSE. It consists fresh equity issue of approx 6857142 shares of Rs. 65 cr.) |, Religare Broking Limited - Subscribe for Long Term, Investmentz Ltd - Subscribe for Long Term, Rudra Shares & Stock Brokers Ltd - Subscribe, Choice Equity Broking Pvt Ltd - Subscribe. IPO Size. 50.00 cr. Offer for sale: Offer for sale of1,02,85,714 equity shares amounting to Rs 360 crore. ), acquisition and other strategic initiatives (Rs. Its clients include some of the world's largest and well-known organizations, including a number of Fortune Global 500 companies.As of June 30, 2020, the company has serviced over 30,150 clients, cumulatively since inception, across sectors including social media, banking and financial services, aviation, retail, internet/ e-commerce, logistics, healthcare, hospitality, media and entertainment, pharmaceuticals and telecom. Read the Route Mobile IPO recommendations by the leading analyst and leading stock brokers. The Route Mobile IPO allotment status will be available on or around Sep 16, 2020. Any reader taking decisions based on any information published here does so entirely at its own risk. How do I check Route Mobile IPO live subscription? News on Recent and Upcoming IPOs - Initial Public Offering, IPO Alerts Mailer, IPO News, Latest IPOs News, Recently Listed IPOs, IPOs Class Room > What is an IPO. Management is confident of sustaining its growth story considering the relationship with its long term marquee global clients. The Route Mobile IPO shares are offered online only. • Issue is … An investor can apply in Route Mobile IPO online via bank (using ASBA) or the broker (using UPI). 0.01 per share. The author has no plans to invest in this offer. Further, the backend is also integrated with OTT-business messaging solution providers and is capable of supporting Rich Communication Services ("RCS") business messaging, offering multiple channels of communication to enterprises. Minimum application is to be made for 40 shares and in multiples thereon, thereafter. www.ExchangeRateIQ.com Get Best Exchange Rates. 54.53 cr. we recommend to subscribe the IPO for listing gains. In the three months ended June 30, 2020, through its cloud communications platform, it processed more than 6.95 billion billable transactions. Company's enterprise solution comprises two primary components - the front-end that provides an interface for enterprises to integrate with, and a back-end which is directly integrated with over 240 MNOs, and provides access to over 800 MNOs across the globe, as of June 30, 2020, enabling it to leverage their SMS and voice channels for digital communication ("Super Network"). Now the IPO has been finalized & the status will be seen on its registrar website & … Visit Route Mobile IPO subscription status page for real-time bidding information about Route Mobile IPO. / Rs. Answer – In order to check the IPO allotment status, you need to visit the registrar of the company’s official website. The IPO was subscribed by 73.30 times till Friday, Now the Initiation of funds will be released on 17th Sep 2020. What is Route Mobile IPO retail subscription status? As on the date of this Red Herring Prospectus, its global operations included nine direct and 12 step-down subsidiaries serving its clients through 18 locations across Africa, Asia Pacific, Europe, Middle East and North America. The issue offers 6086957 shares to retail individual investors, 3478259 shares to qualified institutional buyers, 2608696 share to non-institutional investors. The price band for IPO is ₹345-350, lot size 40 shares. Route Mobile IPO is a public issue of 12173912 equity shares. Route Mobile IPO Total Free Float = 1,20,00,000 Shares Pre-opening Delivery (NSE+BSE) = 35,67,696 (29.73%) Today’s EOD Delivery (NSE+BSE) = 1,17,28,964 (97.74%) 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. Mainboard IPO IPO Date Price per share; Mrs Bectors Food Specialities: 15 - 17 Dec 2020: INR286 - 288: Burger King: 2 - 4 Dec 2020: INR59 - 60: Gland Pharma: 9 - 11 Nov 2020 Read the Route Mobile IPO Notes, Analysis and Recommendations by leading stock brokerage firms and experts in the above answer. 968.10 cr. Route Mobile Limited IPO will open on 9th to 11th Sep 2020. Route Mobile IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. 26.93 cr. IPO Calender in India, Upcoming IPO Issues 2020, Forthcoming IPO in 2020, Latest IPO in 2020. route mobile limited ... initial public offering of up to [ ] equity shares of face value ` 10 each (“equity shares”) of our company for cash at a price of ` [ ] per equity share including a premium of ` [ ] per equity share (“offer price”), aggregating up to ` 6,000.00 million (“offer”). For the last three fiscals, on a consolidated basis, RML has posted an EPS of Rs. Chittorgarh ipo News - Find Chittorgarh ipo latest News and Headlines today along with Chittorgarh ipo Photos and Videos at HindustanTimes.com. Bloomberg the Company & Its Products The Quint. Mazagon Dock IPO bid/offer opened on 29th September 2020 & closed on 1st October 2020. Numbers are calculated from both NSE and BSE data. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. The allotted shares will be credited in demat account by Sep 18, 2020. Thus entire current paid up equity is issued at par coupled with bonus shares. RML mulls mobilizing around Rs. 12.24 and RoNW of 26.55%. Price Range: Issue Start Date Wed, 30 Sep 2020 11:49:25 GMT. Tuesday, 15 December 2020. Our expert team compared top share brokers in India. Consistent with the strategy of pursuing inorganic growth to deepen a relationship with MNOs and broaden product and service portfolio, RML acquired 365squared Limited with effect from October 1, 2017, which operates in SMS analytics, firewall, filtering and monetization. RML's Omni-channel platform enables enterprises to leverage various modes of digital communication to engage with their stakeholders - including customers, employees and vendors.Company's range of enterprise communication services includes application-to-peer ("A2P") / peer-to-application ("P2A") / 2Way Messaging, RCS, OTT business messaging, voice, email, and Omni-channel communication. The IPO was subscribed by 157.41 times. Incorporated in 2004, Route Mobile Ltd is a Mumbai-based cloud-communication platform service provider that offers enterprise and OTT, mobile operators, and business process outsourcing services. / Rs. ... www.Chittorgarh.com Complete IPO Solution. IPO comprises of: Fresh Issue: Fresh Issue of 68,57,142 equity shares worth Rs 240 crore. Route Mobile IPO Basis of Allotment Document, Indian Railway Finance Corporation Limited. BRLM's TRACK RECORD:The four Book Running Lead Manager's (BRLM's) associated with this offer have handled 22 public issues in the past three years, out of which 9 issues closed below the issue price on listing date. Route Mobile IPO application amount? In this report, we are showing the total number of offering compare with total shares bid in each category for Route Mobile IPO. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. (FY20). Explore. Rml ka gmp Kya chal raha hai ? (SEBI registered Research Analyst-Mumbai). select the IPO, enter PAN number and DP client ID. Having issued entire equity at par, the company also issued bonus shares in the ratio of 39 for 1 (January 2011), 9 for 1 (December 2015) and 3 for 2 (September 2016). This information has been updated every 10 mins when IPO bidding is open. The IPO opens on Sep 9, 2020, and closes on Sep 11, 2020.. KFintech Private Limited is the registrar for the IPO. Further, it ranked second globally as a tier-one A2P service provider in 2017. Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. IPO Adda With Route Mobile Sandip Kumar Gupta & Gautam Badalia. 345 – 350: Sep 7, 2020: Happiest Minds IPO: 702 Cr. At sub 19 P/E issue appears reasonably priced. The issue is priced at ₹345 to ₹350 per equity share. The equity share of Route Mobile Ltd will list on BSE, NSE. You need to provide the details as asked in the allotment status section of the website i.e. As of June 30, 2020, it had direct relationships with over 240 MNOs and four short messaging service centres hosted in various geographies across the globe. If you continue to use this site we will assume that you are happy with it. RML also ranked first for 'value-added services' provided, its 'implementation process' and 'uptime performance' among tier-one vendors. THE OFFER Issue Open : 09 September 2020 to 11 September 2020 »» Issue Type: Book Built Issue IPO The issue is priced at a P/BV of 5.89 based on its NAV of Rs. Route Mobile IPO Subscription (Allotment) Status Today. Route Mobile IPO Details; IPO Details Values; IPO Open Date: 9th Sep 2020: IPO Close Date: 11th Sep 2020: IPO Issue Size: 1,71,42,856 Eq Shares of ₹10 (aggregating up to ₹600 Cr) IPO Issue Price ₹345-350: Market Lot: 40 Shares |. •    RML is engaged in cloud communication platform providing services.•    Over the years, it has gained global acceptance for its niche play.•    The company has shown growing financial performances.•    Issue is priced reasonably around 19 P/E •    RML is set to generate fancy post listing being the first mover.ABOUT COMPANY:Route Mobile Ltd. (RML) is providing a cloud-communication platform as a service ("CPaaS") to enterprises, over-the-top ("OTT") players and mobile network operators ("MNOs"). 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