Route Mobile IPO Closed

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Date 09 Sep 2020 – 11 Sep 2020
Price range 345 – 350
Minimum order quantity 40
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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.