Greeting readers. In this article, we are giving you the whole information about the Route Mobile Ltd IPO (Route Mobile IPO) Detail, which starts today on 9th September 2020 and closes on 11th September 2020. Route Mobile is a leading Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators which are situated in Mumbai, Maharashtra. Their service of enterprise communication includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. Now, they are selling their shares for the brightest future. Route Mobile IPO is a main-board IPO of 17,391,303 investment shares of the status cost of ₹10 aggregating up to ₹600.00 Crores. The price per share is set to be of ₹345 to ₹350 and the minimum quantity for purchasing share is 40.
Route Mobile IPO Review
Company Overview:
- The company contains 318 Employees.
- The company’s business is in 18 locations across Africa, Asia Pacific, Europe, the Middle East, and North America.
- They Served around 30150 or more clients globally.
- As per fiscal 2020, they receive 2.5+ Billion Messages per month.
- As per fiscal 2020, they do 31+ Billion Billable transactions.
- They have contains 800+ Network Operators.
- They established 240+ Direct Connections or Super Networks in the country.
- They have highly technical 6 Strategically Located Data Centers.
- They have also 4 Short Message Service Centers for customers.
The shares are operated by KFintech Private Limited and it is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE. The shares bid is opened today on 9th September 2020 and the closing of the bid is on 11th September 2020. After that, the finalization of the basis of allotment is on 16th September 2020 while the initiation of the refunds will be on 17th September 2020. After sharing the credits of shares to the Demat account will be on 18th September 2020.
Burger King IPO Share Offering
At last, the IPO share list will be release on which the shares holder’s name will announce on 21st September 2020. For 1 lot 40 shares are allowed in which the cut off amount will be of Rs. 14,000 and is is the minimum application and price but for the maximum application the lots will be of 14 with 560 shares and the amount which is cut off will be 1,96,000. The Route Mobile IPO Promoter Holding is decided for the pre-issue shareholding is 96% and for the post-issue shareholding is 66.33%.
The Route Mobile IPO offer Size by the investor category is stated that the percentage of offer size available for Portion is that for QIBs it will be 50% means a total of ₹300 Cr, for non-institutional investors it will be of 15% which means ₹90 Cr and for the retail individual investors, it decided to have 35%, which comes in a total of ₹210 Cr. If you purchased share from this and from any company or corporation.
It confirmed that you are ready to take the risk and the risks to investors in Route Mobile IPO, you have to operate in a highly evolving market which has several risks and to have a greater dependency on 3rd parties mobile network operations for the future. The revenues all depend on a limited number of clients who take risks. They rely on 3rd party technology systems and infrastructure to provide services and solutions to clients for the better holder. The risk from potential claims resulting from the client’s misuse of its platform to send unauthorized text messages in violation of TRAI regulations.
Procedure to apply in Route Mobile IPO with Zerodha:
If you use the Zerodha and you are the loyal customers of it. Then you can apply online in Route Mobile IPO using UPI as a payment method. For another payment method, you have to log in to Zerodha Console and fill the form and with this, you have to submit an IPO application form.
Full Steps to apply in Route Mobile IPO:
- Open the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Route Mobile IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
There is a various method to purchase the share and you can also apply with Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank. Till then read our other articles for knowledge about the world news and for all the updates about this follow Dekhnews and stay tuned with us.
