IPO

Route Mobile Ltd IPO

Mainboard

IT - Software

Listed On: Sep 21, 2020 at ₹ 717.00

₹ 14000 /40 Shares

Check Allotment

09 Sep, 2020

Open Date

11 Sep, 2020

Close Date

17 Sep, 2020

Allotment Date

21 Sep, 2020

Listing Date
Price Summary

Last Closing

720.00 (105.71%)

52 Week High

1,442.00

52 Week Low

636.45

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹345 to ₹350 per equity share
  • Face Value ₹10 Per Equity Share 
  • Issue Price Total Equity Shares 1,71,42,856 of Rs 10/- at price of Rs 345 to Rs 350 with aggregating up to Rs 600 Cr
    # Fresh Issue of 68,57,142 (approx.) Equity Shares of Rs 10/- at price of Rs 345 to Rs 350 with aggregating up to Rs 240 Cr
    # Offer for Sale of 1,02,85,714 Equity Shares of Rs 10/- at price of Rs 345 to Rs 350 with aggregating up to Rs 360 Cr
  • Listing at BSE, NSE
  • List Price 717.00
  • Listing Date 2020-09-21
  • Lead Manager Axis Capital Limited
    Edelweiss Capital Limited
    ICICI Securities Limited
    IDBI Capital Market Services Limited
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion N/A
IPO Documents
RHP
DRHP
IPO Details


The IPO of is priced at ₹345 - 350 per equity share, which has a face value of ₹10 Per Equity Share  each, IPO bidding starts from Sep 9, 2020 and ends on Sep 11, 2020. The allotment for IPO will be finalized on Sep 17, 2020. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 21, 2020. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited, Edelweiss Capital Limited, ICICI Securities Limited, IDBI Capital Market Services Limited.


The IPO sets its price band at 345 - 350 for each share. A single application for Route Mobile Ltd IPO must contain at least 40 shares.

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IPO Subscription Analysis And Details
Retail
12.67x
QIB
89.76x
NII
192.81x
Total
73.30x
As on QIB NII Retail Total
Shares Offered / Reserved 3,478,259 2,608,696 6,086,957 12,173,912
Day 1 09-09-20 5:30 PM
0.01 x 0.46 1.80 x 1.00 x
Day 2 10-09-20 5:30 PM
1.25 x 2.04 6.70 x 4.15 x
Day 3 11-09-20 05:30 PM
89.76 x 192.81 12.67 x 73.30 x
Valuations
Earnings Per Share (EPS) ₹13.16
P/E Ratio 26.60
RoNW 25.58%
Net Asset Value (NAV) - Post Issue Rs 263.96
Company Financials
In Crs.
In Cr.
30-June-20 31-March-20 31-Mar-19 31-Mar-18
Assets 634.83 626.54 505.78 ₹447.36
Revenue 312.29 968.10 852.37 509.48
Profit After Tax 26.93 69.10 54.53 46.67
IPO - Issue Objectives
1

Offer for Sale:
✦To carry out the disinvestment of Equity Shares by the Selling Shareholder in the company.
✦To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

2

Fresh Issue:
✦Repayment or pre-payment, in full or part, of certain borrowings of our Company
Acquisitions and other strategic initiatives
✦Purchase of office premises in Mumbai
✦General corporate purposes