Route Mobile IPO: Issue Price, Issue Size, GMP & Important Dates

Route Mobile IPO
Rate this post

ROUTE MOBILE IPO is among the leading Communications Platform as a Service (CPaaS) provider and a tier-one application-to-peer (A2P) service provider and is all set to make a debut in the stock market with an issue size of 600 Cr.   

IPO Overview    

ROUTE MOBILE IPO Issue Date           9-11 Sept 2020          
ROUTE MOBILE IPO Opening Date           9 Sept 2020   
ROUTE MOBILE IPO Face Value           INR 10 per share           
ROUTE MOBILE IPO Price           INR 350 per share          
ROUTE MOBILE IPO Lot Size           40 Shares          
Issue Size           600 Cr          
Offer for sale 360 Cr 
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE.
QIB Shares Offered             89.76 times          
NII (HNI) Shares           192.81 times          
Company Promoters           Sandipkumar Gupta and Rajdipkumar Gupta are the promoters of the company. 

IPO Tentative Dates           

ROUTE MOBILE IPO opening date            9 Sept 2020        
ROUTE MOBILE IPO closing date           11 Sept 2020           
Basis of Allotment           16 Sept 2020          
Initiation of Refunds           17 Sept 2020              
The credit of Shares to Demat          18 Sept 2020           
ROUTE MOBILE IPO Listing Date           21 Sept 2020          
Gland Pharma IPO: Issue Price, Issue Size, GMP & Important Dates

Industry Overview.          

Cloud communication Industry is an entirely new way to build, deploy, and scale enterprise communications systems. It includes but is not limited to Voice over Internet Protocol or VoIP, Communication as a Service or CaaS and Unified Communications or UC. It offers enterprises cost-effective communications solutions that combine voice, messaging and data communication services over networks of telecom operators or MNOs. 

Company Overview    

Route Mobile Limited is among the leading Communications Platform as a Service (CPaaS) provider and a tier-one application-to-peer (A2P) service provider. Its enterprise communication services include new age solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. 

 The company operates in 3 business verticals:  

1. Enterprise: The Company provides a cloud-communication platform as a service to enterprises, over-the-top players, and mobile network operators around the world.  

2. Mobile Operator: Services in this segment include SMS analytics, firewall, filtering, monetization, and hubbing solutions.  

3. Business Process Outsourcing (BPO): The Company provides a range of BPO services including client support, technical support, booking, and collection services. The company’s clients include some of the world’s largest organizations, including several Fortune Global 500 companies. 

 Objectives Of the Issue         

  • Repayment or pre-payment, in full or part, of certain borrowings of our Company. 
  •  Acquisitions and other strategic initiatives. 
  • Purchase of office premises in Mumbai. 
  • General corporate purposes. 

Financial Statements          

Particulars          31-Mar-20 31-Mar-19        31-Mar-18      
Total Assets          6,265.48 5,057.81 4,473.66 
Total Revenue          9,681.02 8,523.77 5,094.85 
Profit After Tax          691.02 545.32  466.77 


  1. Leading cloud communications service provider offering CPaaS.  
  2. Omnichannel Platform for easy campaign scheduling and reporting.  
  3. Easy to use the console to plan, deploy & monitor campaigns.  
  4. Global & Local customization expertise. 
  5. Consultative and Lean approach for better customer engagement. 


  1. Operate in a highly evolving market. 
  2. Greater dependency on 3rd parties mobile network operations. 
  3. Revenues depend on a limited number of clients. 
  4. Rely on 3rd party technology systems and infrastructure to provide services and solutions to clients. 
  5. The risk from potential claims resulting from the client’s misuse of its platform to send unauthorized text messages in violation of TRAI regulations. 

Company Contact Information 

Route Mobile Ltd 
4th Dimension, 3rd Floor 
Mind Space, Malad (West) 
Mumbai 400 064 
Phone: +91 22 4033 7676 

Route Mobile IPO Registrar 

KFin Technologies Limited 
Phone: 04067162222, 04079611000 


Please enter your comment!
Please enter your name here