Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. The Route Mobile IPO is over subscribed 73.3 times by September 11, 2020. In the qualified Institutional Byers category, the IPO received 89.76 times more subscriptions. The cloud communications service provider, which used to be open for subscription from September 9-11, in the price band of Rs 345-350, received bids for over 89 crore shares as against the total issue size of 1.21 crore shares. Analysts are positive on the issue and believe the IPO … 'Route Mobile Ipo' - … Go to the IPO Section => IPO Listing => Open IPO. This IPO was available for subscription between September 9-11. The issue was subscribed 73.30 times. Now investors are looking for the allotment status of Shares. The initial public offer IPO of Route Mobile received bids 73.3 times the issue size on the final day on September 11. Route Mobile’s initial public offering (IPO) of Rs 600 crore received a stellar response from the investment community. Once you select 'Subscribe'. Non-institutional portion subscribed about 192.81 times. Face Value = Rs 10. The Rs 600 crore Route Mobile IPO received 73.30 times bids on the final day of the bidding process. Step 3: Under the Issue Name, use the dropdown to choose Route Mobile Limited. Route Mobile IPO subscription open Date is September 09, 2020 and close Date is September 11, 2020. The IPO, which is being sold at Rs 345-350 per share, is seeking a valuation of 29 times PE on FY20 basis (fully diluted). Route Mobile is a leading Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). Check here Route Mobile IPO GMP, Detail, Subscription status and Listing. Route Mobile company is expected to start trading on the stock market on September 21 with a likely final issue price of Rs 350 per share. Route Mobile IPO - Open & Listing Date, Price, News, DRHP, RHP , Subscription, Allotment and GMP. Route Mobile Limited IPO Allotment Status Here, you can find the Allotment Status of this IPO. Below are Details of Grey Market Premium (GMP) and Kostak Rate of Route Mobile Limited IPO.Please note GMP is only work when subscription figure is high.Always looks for subscription figure before looking to Grey Market Premium (GMP).Grey Market Premium (GMP) may go up or down depend on Subscription figure.Subscription figure is available on Home page for main line IPO and SME page for SME IPO. Route Mobile IPO Valuations. As per data available with NSE, the Route Mobile IPO issue received bids for 5,05,09,920 shares by the end of the day, which was 4.15 times the total issue size of 1,21,73,912 shares. Latest Route Mobile IPO status on today, IPO received 4.15 times bids so far on Day 2 of the bidding process on Thursday. Earnings Per Share (EPS) = Rs 13.83 PE Ratio = 24.95-25.31 (Approx). Live subscription information updates in every 10 mins for the open IPO. How to check Route Mobile IPO allotment: If you have subscribed for the IPO of Route Mobile, you can check allotment status with on the BSE website: Step 1: Go to BSE website. Our range of enterprise communication services includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. Final day: Route Mobile IPO subscribed 73 times, HNIs 193 times Route Mobile has already raised Rs 180 crore from anchor investors at Rs 350 per share, the … Which is considered as a poor subscription compared to other IPOs. The IPO has received bids for 56 lakh equity shares against offer size of over 1.21 crore equity shares, the data available on exchanges showed. We merge both the data and present it in a readable format. NEW DELHI: The public issue of Route Mobile, the cloud communication platform as a service provider, has subscribed 45.68 percent on September 9, the first day of bidding. The company has offered 600 crore initial public offering with an amazing 73.3 percent subscription during September 9 to 11 and the price was Rs 345-350 per share. Join Route Mobile IPO discussion here. As per the subscription numbers, the basis of allotment of Route Mobile is around 10:1 Route Mobile IPO Subscription Details as on (9 Sept 5:00 pm) However, the Allotment status is not yet disclosed. Whereas, You can check Allotment on September 16, 2020. NEW DELHI: Route Mobile, whose IPO received strong response from high-net worth individuals (HNIs) and qualified institutional bidders last week, is likely to finalise the basis of allotment on Wednesday. Route Mobile IPO live subscription information has opted from NSE and BSE site. Route Mobile Ltd IPO - Visit Edelweiss to view Route Mobile Ltd IPO allotment, status, price, listing date, subscription status, financial performance, size & company information. After the dry spell of nearly four months, the Indian IPO market is gaining momentum again. On tapping Route Mobile IPO, you can directly click on Subscribe to apply or even view the IPO details. Route Mobile … Route Mobile IPO … Route Mobile IPO issue of Rs 600-crore initial public offering witnessed a massive 73.3 percent subscription during September 9-11 and the price band was Rs 345-350 per share. You can check your allotment status through the website of Registrar - KFin Technologies appointed for IPO: >> Select IPO "Route Mobile" from the dropdown. Route Mobile IPO Subscription Status Today. Route Mobile's 600-crore IPO may be announced soon. Route Mobile has completed its initial public offering (IPO) with a massive response from the high net worth individual (HNIs). Route Mobile IPO issue will be opening its initial public offering on September 9, 2020 and will close on September 11, 2020, with a price band of ₹ 345 – ₹ 350 per Equity Share. About Route Mobile Ltd IPO. The Rs 600-crore public offer of Route Mobile… 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. Qualified Institutional Buyers (QIBs) like banks, mutual funds and other registered financial institutes were reserved for 3478259 shares and received bids for 312208527 shares which is 89.76 times of total meant for QIB category. Route Mobile IPO Subscription Data (Live) Route Mobile will launch IPO offers in the second week of September. On the Subscribe Screen/Page, you will be required to enter the number of lots, cut-off price, UPI ID and tap Verify. Route Mobile IPO was subscribed only 75 Times times. Route Mobile IPO Subscription (Allotment) Status Today The demand of Route Mobile IPO was huge on 2nd & Last Day. Return on Net Worth (RONW) = 25.65% Net Asset Value = 44.56 /Share. Step 4: Key in your application number. The IPO received 73.3 times the subscription. Qualified Institutional Buyers: 3,478,259 Shares The IPO of the Mumbai-based company was subscribed 73.30 times by … Investors have shown tremendous interest in this initial public issue (IPO). If you have subscribed to the Route Mobile’s ₹ 600-crore IPO, you can check your allotment status by following these simple steps: To check … The issue, which was sold from September 9 to September 11 in the price band of Rs 345-350, was subscribed 73.3 times. Rossari Biotech ended the IPO hiatus in July, being the first company to float IPO offers amid the lockdown. Route Mobile IPO Subscription Numbers & Status. Online Procedure to Apply For Route Mobile IPO. 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. 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