route mobile ipo listing price

240 crore fresh shares will be issued in the issue. 1) Route mobile is a niche player that provides cloud-communication platform as a service to enterprises, over-the-top players and mobile network operators. For last 3 years EPS of Rs 12.2, P/E ratio is 28.5x. The IPO page of Route Mobile Ltd. captures the details on its Issue Open Date, Issue Close Date, Listing Date, Face Value, Price band, Issue Size, Issue Type, and Listing Date's Open Price, High Price, Low Price, Close price and Volume. Yes, The IPO to list on NSE and BSE both the indices. 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 … Route Mobile IPO Grey Market Premium The Route Mobile Limited IPO Grey Market Premium price is Rs 190-200, the Kostak rate is Rs 700 and the Subject to Sauda is 4000. The ₹ 600 crore offer will conclude on September 11. The existing shareholders will sell shares worth Rs 360 … The company has planned to raise Rs 600 crore from the primary market through this issue. Anchor investors : Route Mobile mops up Rs 180 crore from 15 anchor investors ahead of IPO At around 10.20 AM, Route Mobile stock is trading at Rs648.15 per piece which is higher by Rs298.15 or 85.19% against the above-mentioned IPO issue price. 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. 4) It relies on 3rd party technology systems and Infrastructure where defects, delays and failures can adversely affect its business. Route Mobile made a strong debut on the bourses on Monday, surging 105% over its initial public offer (IPO) price. We would review all these aspects in this article. Similarly, Route Mobile shares skyrocketed on stock market debut day and were listed at 105 per cent premium. Its issue price is fully priced. There are no listed peers to compare whether the Route Mobile IPO Price is under priced or overpriced. Route Mobile IPO P/E Valuation On the upper price band of Rs 350 and EPS of Rs 13.8 for FY20, the P/E ratio works out to be 25.3x. 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 with 105% premium at Rs 708 per share Shares of Route Mobile, the cloud communication services provider made a strong debut on exchanges on Monday as … The omnichannel cloud communication service provider has fixed the price band for the issue at Rs … The Initial Public Offering size of Route Mobile … 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. Route mobile is a niche player that provides cloud-communication platform as a service to enterprises, over-the-top players and mobile network operators. It also captures the … Route Mobile IPO listing date is 21st September 2020. Here is the financial performance of the company in the last few years. One can expect listing gains too. Route Mobile Initial Public Offering (IPO) has been listed today and it opened on NSE at Rs 717. The lot size for Route Mobile IPO … The issue, which was … Route Mobile IPO. The issue, which was sold in the price band of Rs 345-350 between September 9 and 11, is commanding a premium of Rs 310-312 in the grey market. Route Mobile IPO subscription will be the key for the IPO to list with good premium. The company will not receive any proceeds from OFS. Cloud communication company Route Mobile IPO will open on September 9. 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. Route Mobile shares are getting listed amid a flurry of IPO activity in recent weeks Shares of Route Mobile made a strong debut on exchanges today. Burger King IPO – Loss making + Hit with Pandemic effect – Should you subscribe then? On the upper price band of Rs 350 and EPS of Rs 13.8 for FY20, the P/E ratio works out to be 25.3x. The IPO comprises of fresh issue of Rs 240 crore and an offer for sale of Rs 360 crore. Route Mobile Ltd IPO - Visit Edelweiss to view Route Mobile Ltd IPO allotment, status, price, listing date, subscription status, financial performance, size & company information. 2) Its business depends on the success of their relationship with mobile network operations. Sep 9, 2020 - Sep 11, 2020. Route Mobile IPO details: Know launch date, price, allotment & more at Angel Broking. For last 3 years EPS of Rs 12.2, P/E ratio is 28.5x. Route IPO shares surged on listing Route Mobile share prices more than double on listing 1 min read. Route mobile IPO price band. The face value for Route Mobile IPO is Rs 10 per equity share. 200 Good Small Scale Business Ideas with Low Investment, ICICI Direct, Axis Capital, Edelweiss Financial Services and IDBI Capital markets, Unblocking of ABSA and Initiation of Refunds, Repayment or pre-payment, in full or part, of certain borrowings, Acquisitions and other strategic initiatives. After the dry spell of nearly four months, the Indian IPO market is gaining momentum again. 1) Route mobiles profits are on declining mode. Is this IPO good or bad? The initial public offer IPO of Route Mobile received bids 14.48 times the issue size so far on the final day of bidding. Should you invest in Route Mobile IPO? Markets Guruji . Route Mobile Limited IPO Incorporated in 2004, Mumbai-based Route Mobile Limited is a leading cloud-communication platform service provider that is offering over the top (OTT), mobile networking, and business process outsourcing (BPO) services. The Rs 600 crore Route Mobile initial public offer (IPO) is all set to hit the primary market on Wednesday. Apply : The company has novel business and with its past track record, the IPO is expected to get strong listing. Route Mobile was trading with a premium of more than Rs 200 per share in the grey market against final IPO price. It earned 9.1% margins in FY2018 Vs 6.1% in FY2020. The omnichannel cloud communication service provider has fixed the … of face value ₹ 10 each (“equity shares”) of our company for cash at a price of ₹ 350.00 per equity share including a premium . 3) Its revenues come through a limited number of clients. Route Mobile is a cloud communication service provider which has come up with an IPO to raise INR 600 crore from the equity markets. Suresh KP i.e. Issue Type. Join Route Mobile IPO discussion here. 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. The IPO to list on NSE and BSE. What is Route Mobile IPO Listing Date? Issue Type. Want to invest in fund that generated 22% returns in 1 year, try this fund, Antony Waste IPO – Date, Issue Price Band, GMP, Review, Analysis and Details. Happiest Minds IPO is medium to long term bet. Apply with full force. The shares got listed at an 11 per cent premium from the IPO price. Route Mobile IPO opens with 105% premium at Rs 708 per share Shares of Route Mobile, the cloud communication services provider made a strong … Book Built Issue IPO. The shares got listed at an 11 per cent premium from the IPO price. Updated: 21 Sep 2020, 10:02 AM IST Edited By Surajit Dasgupta. The company has kept a price band of Rs 345–350 for the IPO. He is NISM Certified - Investment Adviser. For extensive information about the company like promoters, financial data download the report now. The total IPO size is approx Rs ₹600 crore. Route Mobile IPO listing date is 21 September 2020. What are the risk factors you should consider before investing in this Route Mobile IPO? A Team with enough knowledge of ipo industry and stock market. Route Mobile IPO Review, Dates, Price Bands, Market Lot, Route Mobile IPO Grey Market Price Details. Enter your email address to subscribe to this blog and receive notifications of new posts by email. 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 … Route Mobile revenues are consistently growing. IPO Date. NEW DELHI: After Happiest Minds ' stellar 111 per cent listing gains, Route Mobile is likely to follow suit, with grey market trends suggesting a strong debut on Monday. Route mobile provides cloud-communication platform as a service to enterprises, over-the-top players and mobile network operators (MNO). The company’s clients include some of the world’s largest organizations, including several Fortune Global 500 companies. Mrs. Bectors Food IPO Subscription Numbers & Status - Should you subscribe? Book Built Issue IPO. He has been analyzing financial markets in the last 20 years.He can be reached at suresh@myinvestmentideas.com. Get more India News and Business News on Zee Business. The IPO doubled on listing! Route Mobile IPO would open for subscription on September 9, 2020. Route Mobile Initial public Offering listing date is 09 September 2020 and the last day for applying is 11 Sept 2020. When stock markets are bullish, there are half a dozen of IPOs that are lined up now. Route Mobile IPO - Open & Listing Date, Price, News, DRHP, RHP , Subscription, Allotment and GMP. Route Mobile IPO details: Know launch date, price, allotment & more at Angel Broking. Suresh KP is the Founder of Myinvestmentideas. 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 … What is the Subject to Sauda price for Route Mobile Ltd IPO? Its EPS for the 3 months ended June, 2020 is Rs 5.42. Before heading into the IPO subscription, Route Mobile had raised Rs 180 crore from 15 anchor investors. Route Mobile IPO – Details, Price and Valuations – How good is this IPO? Route Mobile IPO size is Rs 600 crore. Means company is asking the issue price in the range of 16x to 28x. Out of these, Happiest Minds was the only debutant to gain over 100 percent at the close on listing day. What is the Initial Public Offering size of Route Mobile? However, its margins are on declining mode. Route Mobile IPO Details. On the NSE, it opened at Rs 717, a massive 104.9 percent premium over IPO price. The Rs 600 crore Route Mobile initial public offer (IPO) is all set to hit the primary market on Wednesday. me, have written 1800+ articles on this Blog. Route Mobile Ltd IPO - Visit Edelweiss to view Route Mobile Ltd IPO allotment, status, price, listing date, subscription status, financial performance, size & company information. A) Offer for Sale (OFS) for Rs 240 Crores: The object of the Offer for Sale is to allow the selling shareholders to sell equity shares held by them. Sep 9, 2020 - Sep 11, 2020. RailTel IPO Date, Review, Price Band, Form & Market Lot Details, Burger King IPO Date, Review, Price Band, Form & Market Lot Details, Burger King IPO GMP Today, Burger King IPO Grey Market Premium Updates, Burger King IPO Listing on 14th December on NSE and BSE, IRFC IPO GMP Today, IRFC IPO Grey Market Premium Updates. Price range for the offer was Rs 345-350 per share. 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. 1,71,42,857 Eq Shares of Rs 10 (aggregating up to Rs 600.00 Cr) Listing Estimate of Route Mobile ltd. IPO of Route Mobile received very strong response from the retail investors as well as High networth investors. The company has offered 600 crore initial public offering with an amazing 73.3 percent subscription during September 9 to 11 and the price … QIB portion is oversubscribed by … This issue can be subscribed till September 11. If you like our IPO analysis, please share it with your friends through email, on Facebook or on Twitter. 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. Route Mobile IPO Details. The initial public offer (IPO) of Route Mobile, a cloud communications service provider, opens for public subscription today. Apply with full force. The company proposes to raise Rs 600 crore through the IPO which comprises fresh issue of shares worth Rs 240 crore and an offer for sale (OFS) of Rs 360 crore by promoters -- Y Sandipkumar Gupta and Rajdipkumar Gupta. Chemcon Speciality Chemicals, Happiest Minds and Route Mobile doubled the shareholder value at the open price on their listing day. of ₹ ... will be traded after listing. The IPO of Route Mobile was priced at Rs 350 per share and it got listed at a price of Rs 717 on the National Stock Exchange (NSE), which was a 105 percent rise. 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. Route Mobile provides these unique services and there are no comparable peers in this market (as per DRHP). general risk . 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