Route IPO shares surged on listing Route Mobile share prices more than double on listing 1 min read. Route Mobile IPO: Check allotment status here. The public offering comprised fresh issue of Rs 240 crore and offer for sale (OFS) of Rs 360 crore. As per the current speculations the GMP is going down from the high of 225 to 190 and it might further slip as the subscription from QIB and HNI not support but still we are very much positive that the IPO … This could be one for the books, Route one has grown like clockwork over the last 5 years boasting tremendous growth rates well above the future guidance of 25% per annum! Book Built Issue IPO. Read more about Route Mobile IPO opens today: Here are the key things you should know on Business Standard. The issue offers 6086957 shares to retail individual investors, 3478259 shares to qualified institutional buyers, 2608696 share to non-institutional investors. Route Mobile Ltd.’s initial public offering (IPO) was fully subscribed on the very first day of bidding as it attracted a large influx of retail investors oversubscribing their portion. The funds raised will be utilized to repay debt, make strategic acquisition and purchase office premises in Mumbai. Issue Size. The Rs 600 crore Route Mobile IPO received 73.30 times bids on the final day of the bidding process. Route Mobile IPO is going to hit the market on 09 September 2020 and closes on 11 September 2020.The company is going to raise around ₹600 crores as the price band is fixed at 345-350 with market lot of 40 shares. Route Mobile Ltd IPO finalization of basis of allotment is done within a week time of IPO share bid closing date. Route Mobile IPO GMP looks good at an initial stage with green. Karvy or Link Intime finalize the Route Mobile IPO basis of allotment status. “Current grey market premium of Route Mobile at Rs 300-Rs 310 suggests the dream run of new listings will continue which started with Happiest Minds,” said Aniruddha Sarkar, CIO, Quest Investment Advisors. The shares … Route Mobile IPO: The share sale received bids for 17.63 crore shares against the total issue size of 1.21 crore shares, according to data available with the exchanges The company proposes to use the proceeds for repayment of certain borrowings, acquisitions and other strategic initiatives, purchase of office premises in Mumbai and general corporate purposes. The issue will remain open till September 11 Route Mobile IPO price band was fixed at Rs 345-350 per share. Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. Route Mobile IPO comprises fresh fund raising worth Rs 240 crore and the remaining is a secondary share sale by promoters. Route Mobile revenues are consistently growing. Please revisit us to check the basis of allotment for Route Mobile IPO. Route Mobile IPO subscription will be the key for the IPO to list with good premium. Sep 9, 2020 - Sep 11, 2020. Updated: 21 Sep 2020, 10:02 AM IST Edited By Surajit Dasgupta. Route Mobile appears set for a strong listing on Monday as its grey market premium is around Rs 300 over its IPO price of Rs 350. IPO Date. Route Mobile share price live updates on The Economic Times. Route Mobile shares skyrocketed on the stock market debut today and traded at a price of Rs 708 per share, a premium of Rs 358 on the upper band of the issue price of Rs Rs 345-350 per equity Route Mobile IPO is a public issue of 12173912 equity shares. The issue was subscribed 73.30 times. Route Mobile Share: The IPO was subscribed 73.30 times, receiving bids for more than 89 crore shares as against the total issue size of 1,21 crore shares… Issue Type. However, considering latest nos of FY20 and June-20, P/E at 16x to 25x can be considered as fully priced. This is India’s fourth IPO since the Covid-19 pandemic disrupted the economy, following Rossari Biotech Ltd., Mindspace Business Parks REIT Ltd. and the Happiest Minds Technologies Ltd. Route Mobile plans to raise Rs 600 crore by selling up to 1.71 crore shares at … Route Mobile IPO Shares Offered. Route Mobile IPO Details. Route Mobile – which offers cloud-communication platform as a service (CPaaS) to enterprises, over-the-top (OTT) players and mobile network operators (MNOs) – will be second mainboard IPO in September. Sat, 26 Sep 2020 21:48:00 GMT. Route Mobile is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). Route Mobile IPO Opens Today: The Rs 600 crore public issue will be open for three trading days till September 11, at a price band at Rs 345-350 per share. Route Mobile IPO will include a public issue of 1.71 crore equity shares of Face value Rs 10 each, comprising a fresh issue of 68.57 lakh equity shares. New Delhi: Route Mobile shares made a strong debut on Dalal Street on Monday (September 21) with its shares rising as much as 110% to Rs 735 on the BSE as compared to its issue price of Rs 350 per shares.As of 1:05 am, Route Mobile shares traded 93.91% higher at Rs 678.70 apiece. A price band of Rs 345-350 apiece per share has been fixed for the IPO that will conclude on September 11 Route Mobile, a cloud communication service provider, has fixed a price band of ₹345-350 per share for its ₹600-crore initial public offering (IPO) that will open on September 9. The Mumbai-headquartered company is expected to debut on bourses on September 21 with a likely final issue price of Rs 350 per share. If Route Mobile IPO oversubscribed in the retail category, the Route Mobile IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). The initial public offer (IPO) of Route Mobile received bids for 89.23 crore shares today, 11 September 2020, as against 1.21 crore shares on offer, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. Its issue price is fully priced. ROUTE MOBILE LIMITED Share Price Today, Live NSE Stock Price: Get the latest ROUTE MOBILE LIMITED news, company updates, quotes, offers, annual financial reports, graph, volumes, 52 week high low, buy sell tips, balance sheet, historical charts, market performance, capitalisation, dividends, volume, profit and loss account, research, results and more details at NSE India. Stock of Route Mobile listed at premium of 102.28% above its IPO issue price of Rs 350 on BSE. Grey market premium for shares of Route Mobile dropped as the IPO entered the second day of subscription on Thursday. Route Mobile IPO details: Subscription Dates: 9 – 11 September 2020 Price Band: INR345 – 350 per share: Fresh issue: INR240 crore: Offer For Sale: INR360 crore Total IPO size: INR600 crore: Minimum bid (lot size) 40 shares: Face Value INR10 per share: Retail Allocation: 35%: Listing On: NSE, BSE Get detailed Route Mobile stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. Investors who have placed bids for the Route Mobile IPO can check the allotment status on KFin Technologies website . Route Mobile Initial Public Offer: The offer IPO will be open for three trading days, from September 9 to September 11, at a price band of Rs 345-350 per share. Route Mobile IPO Opens Today: The Rs 600 crore public issue will be open for three trading days till September 11, at a price band at Rs 345-350 per share. Route Mobile IPO is scheduled to open on 9 September, following the public offer of Happiest Minds which got fully subscribed on the first day. Route Mobile Share Price: Route Mobile makes a bumper stock market debut; settles 86% above issue price on BSE Route Mobile Share Price Today: Nearly 2.92 crore (2,91,89,660) shares of Route Mobile were traded on the NSE during the day, while nearly 27.27 lakh (27,26,932) shares exchanged hands on the BSE, data from the respective stock exchanges showed. Route Mobile IPO – Invest for short term to long term. There are no listed peers to compare whether the Route Mobile IPO Price is under priced or overpriced. The basis of allotment for Route Mobile IPO has been finalised. The omni-channel cloud communication service provider plans to raise up to Rs 240 crores by issuing fresh equity and up to Rs 360 … 1,71,42,857 Eq Shares of Rs 10 (aggregating up to Rs 600.00 Cr) Route Mobile share made a strong debut on Monday delivering over 100% gains to its investors. The registrar of the IPO i.e. The price band for the IPO is Rs 345 to Rs 350 per share. Route Mobile has fixed the price band at Rs 345-350 per share. The price band for the IPO was set at the lower end of Rs345 per share and the upper end of Rs350 per share. Route Mobile has set an issue price band of ₹345-350 per share, and it is already gaining attraction in the grey market. Check out why Route Mobile share price is falling today.

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