Route Mobile IPO Review & its Company valuation details
Route Mobile Limited was incorporated in the year 2004. In a small period of time Route Mobile
became a renowned name as a Communications Platform as a Service (CPaaS) provider and also for its role as a tier-one application-to-peer (A2P) service provider.
The company strives hard to provide new-age solutions in areas of messaging, voice calling, e-mail, and also regulations in filtering, analytics, and monetisation of SMS.
The company runs operations in 3 business verticals:
1. Enterprise wing– Route Mobile hosts cloud-communication platform services for enterprises, big businesses, and also for prominent mobile network operators around the world.
2. Mobile Operation services: The company provides numerous services in this sector including SMS analytics, SMS filtering, Firewall optimisation, SMS monetization, and catering of hubbing-based solutions.
3. Business Process Outsourcing (BPO) services: The company has gained proficiency in providing a wide range of BPO services including client assistance, technical support, collection services, and booking-related services.
The company has a worldwide customer base including many Fortune Global 500 companies.
Key Facts of Route Mobile Company (As of September 2020)
– Strong backing of 318 employees
– Worldwide presence with offices at 18 locations of Africa, Asia-Pacific, the middle east, North America, and Europe.
– Huge experience with 30150+ clients served to date.
– Widely interactive with 2.5+ Billion messages per month in fiscal 2020
– Huge repository of more than 31 Billion billable transactions in fiscal 2020
– A team of 800+ network operators
– Owns 240+ Direct Connections, well known as “Super Networks"
– Hosts 6 Strategically Located Data Centers and Short Message Service Centers.
Competitive Strength of the route mobile company
1. The company is a leading cloud communications service provider offering CPaaS globally
2. The company employs an omnichannel platform for smooth and easy campaign scheduling- reporting.
3. The company’s console is easy to use and lets you plan, deploy &, monitor campaigns interactively.
4. The company has unique strategies and expertise in global and local customization.
5. Consultative and Lean approach for better customer engagement.
Company Promoters: Mr. Sandipkumar Gupta and Mr. Rajdipkumar Gupta
Company Financial Reports:
A glossary of financial Information (based on restated consolidation)
| Details | For the subsequent year/financial period ended (amount in Millions) | |||
| June 30-2020 | March 31- 2020 | March 31- 2019 | March 31- 2018 | |
| Assets computed | 6,348.31 | 6,265.48 | 5,057.81 | 4,473.66 |
| Total Revenue | 3,122.95 | 9,681.02 | 8,523.77 | 5,094.85 |
| Profit made after tax deduction | 269.34 | 691.02 | 545.32 | 466.77 |
Main Objects of the Route Mobile IPO Review Issue
The company aims to utilize the net capital towards funding its following projects:
1. Settlement of borrowings by repayment or pre-payment, completely or in parts, by the company.
2. Fulfilling of strategic acquisitions and other fruitful initiatives.
3. Initiating the purchase of office space in Mumbai.
4. Fuelling other general corporate purposes.
Miscellaneous IPO Details of Route Mobile
| IPO Initiation Date | Sep 10, 2020 – Sep 11, 2020 |
| IPO Issue Type | Book Built Issue IPO |
| IPO Issue Size | 17,391,303 Equivalent Shares of ₹10(summing up to ₹600 Cr) |
| Fresh Issuance | Equivalent Shares of ₹10 (summing up to ₹240 Cr) |
| Offer for Sale | Equivalent Shares of ₹10 (summing up to ₹360 Cr) |
| Face Value Of IPO | ₹10/equity share |
| IPO Price | Ranging between ₹345- ₹350 per equity share |
| IPO Market Lot | 40 Shares |
| Minimum Order Quantity | 40 Shares |
| IPO Listing at | BSE and NSE |
Route Mobile IPO related tentative dates
| Bid/Offer acceptance opening | Sep 9, 2020 |
| Bid/Offer acceptance closing | Sep 11, 2020 |
| Finalising of bids on the basis of Allotment | Sep 16, 2020 |
| Refund initiation | Sep 17, 2020 |
| Crediting of shares to Demat account | Sep 18, 2020 |
| Listing date for IPOs | Sep 21, 2020 |
Route Mobile IPO Lot Size and Price (Retail)
| Application limit | No. of lots | No. of shares | Cut- off amount |
| Minimum | 1 | 40 | ₹14,000 |
| Maximum | 14 | 560 | ₹196,000 |
Route Mobile IPO Promoter Holding details
| Pre- Issue Share threshold | 96% |
| Post Issue Share threshold | 66.33% |
Route Mobile IPO Offer Size by Investor Category
The company’s percent of order size available for allotment and allocation-
QIBs percentage: 50% (₹300 Crore)
Percentage of non-institutional investors: 15% (₹90 Crore)
Percentage of retail individual investors: 35% (₹210 Crore)
Apply IPO via Zerodha
