Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
IPO News

| More

Route Mobile's IPO Subscribed 74.13 Times on Day 3

Posted On: 2020-09-12 04:58:11 (Time Zone: Arizona, USA)

Mumbai based, cloud communication platform as a service provider "CPaaS", Route Mobile's Rs. 600 crore initial public offer (IPO) was subscribed 74.13 times on the third day of bidding, i.e. September 11. The IPO received bids for 8.92 crore equity shares as against the offer size of over 1.21 crore shares, as per data available on the stock exchanges. The Price Band of the Issue was fixed at Rs 345-350 per equity share.

The retail investor's portion, which was fully subscribed on the first day itself, received a total subscription of 12.85 times. The non-institutional investors segment attracted bids to the extent of 192.81 times and the portion set aside for qualified institutional buyers was subscribed 91.06 times.

The public offering consisted of a fresh issue of up to Rs. 240 crore and offer for sale (OFS) of Rs. 360 crore. The minimum bid lot for was 40 shares and in multiples of 40 shares to a maximum of 14 lots for retail investors.

The shares will be listed on both, BSE and the NSE.

On day of the anchor, the company found interest and participation from well-known institutions across the globe particularly US, UK and Asia besides participation from some large mutual funds in India namely Franklin Templeton, Goldman Sachs, Kuwait Investment Authority, Macquarie, Vantage, Wells Capital and SBI Mutual Fund. It raised to a tune of 180 crs from 15 anchor investors.

Route Mobile's CPaaS platform facilitates Omni channel communication for multiple industries across small, medium and large enterprises , mobile network operators and OTT players, resulting in enhanced engagement, customer retention and brand loyalty. 80.8% of Route Mobile's revenues comes from exports and 19.2% from domestic clients. Between FY18-20 the company been growing at a CAGR of 37.6%, owning to its continued focus in offering a one stop solution across all digital channels, enhance service offerings through inorganic opportunities in new markets and geographies.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Indigo Paints Limited, to open its Initial Public Offer on January 20, 2021

Indian Railway Finance Corporation Limited IPO to open on Monday, January 18, 2021

Specialty Chemicals Company Anupam Rasayan files for Rs. 760 Cr IPO

Aerospace, Defense and Clean Energy Ancillary, MTAR Tech files for IPO

Antony Waste Handling Cell Limited raises Rs 89.99 crore from 10 anchor investors

Specialty Chemicals Company, Laxmi Organics files for 800 cr IPO

Antony Waste Handling Cell Limited files DRHP with SEBI for IPO

Pharma Excipient Company, Sigachi files for 60 cr IPO

UTI Asset Management Company Limited IPO opens for subscription on 29th September 2020

Mazagon Dock IPO Price Band set at Rs 135-145 per Share, Issue to Open on September 29, 2020

UTI Asset Management Company Limited's IPO of Equity Shares to open on 29th September 2020

Angel Broking Limited IPO to open on 22nd September 2020

Vadodara based Chemcon Speciality Chemicals Limited set to open IPO on September 21, 2020

Warburg Pincus backed CAMS to open IPO on 21 September

Route Mobile IPO Subscribed 4.21 Times on Day 2

Happiest Minds Technologies Limited IPO receives subscription of 2.87 times on the opening day

Route Mobile Limited IPO price bank fixed as ₹ 345 - ₹ 350

Mindspace Business Parks REIT IPO to open on July 27, 2020

Rossari Biotech Limited IPO subscription on Day 1

Specialty Chemicals Manufacturer, Rossari's IPO to open on July 13, 2020

Home First Finance Company gets SEBI approval to float IPO

Rossari Biotech receives SEBI approval for IPO

Mukesh Trends Lifestyle IPO gets SEBI Nod

Casual Dining Giant, Barbeque Nation refiles for IPO

ICL Organic IPO Oversubscribed by 2.92 Times on Final Day of Bidding

ICL Organic Dairy Product's IPO extended for 3 more days

ICL Organic Dairy Product's IPO opens today

Tranway Technologies IPO oversubscribed by 1.88 times on the final day of bidding

Tranway Technologies' IPO opens today

ESAF Small Finance Bank files DRHP for its IPO

Route Mobile gets SEBI nod for Rs 600 cr IPO

Prince Pipes and Fittings Ltd to list on December 30, 2019

Subscribe to Ujjivan Small Finance Bank IPO - Angel Broking

Ujjivan SFB's IPO to open on Monday, December 02, 2019 with Price Band of Rs 36 - 37 per Equity Share each of Face Value of Rs 10 each

IRCTC shares to list on Monday - October 14, 2019

IRCTC'S IPO to open on Monday, September 30, 2019 with Price Band of Rs. 315 - Rs. 320 per share

Alpahlogic Techsys IPO oversubscribed 1.18 times on the final day of bidding

Alphalogic Techsys IPO receives overwhelming response, oversubscribed on second day of bidding

Start-up IPO Alpahlogic Techsys subscribed 64% On the First day of bidding

India's First Start-up IPO Opens today

Alphalogic Techsys IPO now to open in Aug 26th, 2019

Alphalogic Techsys Limited IPO to open on August 23, 2019

Alphalogic Techsys Limited to be the First Company to be Listed on BSE Startup Platform

Ujjivan Small Finance Bank Ltd files DRHP with SEBI for IPO

Global solar EPC major Sterling and Wilson Solar's Rs 3,125 cr IPO opens on August 6, 2019

Tamil Nadu - based Annai Infra Developers Ltd. gets SEBI approval to float IPO

Maharashtra Finance Minister Unveils DRHP of Alphalogic Techsys Limited for Rolling Out its IPO

K.P.R. Agrochem IPO withdrawn: Angel Broking

Shyam Steel Industries Limited files DRHP for IPO

White Organic Retail Ltd IPO opens on BSE SME platform

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020