| IPO date | 09 Sep 2020 – 11 Sep 2020 |
| Listing date | – |
| Price range | 345 – 350 |
| Minimum order quantity | 40 | (D)RHP | View |
Started in 2014, Route Mobile is a leading cloud enterprise communication services such as messaging solutions, voice, email, and analytics.
Financials snapshot
| In Rs million | Mar-19 | Mar-18 |
| Revenues | 8,523.77 | 5,094.85 |
| Expenses | 7,869.09 | 4,522.64 |
| PBT | 654.68 | 572.21 |
| Net Profit | 557.47 | 473.25 |
Issue size
The company is planning to raise around Rs 600 crores by selling 17,142,856 share. The offer comprises of a fresh issue of shares worth Rs 240 crore and an offer for sale (OFS) of Rs 360 crores by the promoters.
How do I apply for the Route Mobile IPO?
You can apply for the Route Mobile IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.