Route Mobile IPO Review

Route Mobile IPO Review, Open Date, Price Band, GMP, and Allotment Details 

Route Mobile IPO Review opens on September 9 and the issue will close on September 11; the value band is set at Rs 345-350. Route Mobile intends to raise Rs 600 crore through the open issue.

 

Hint2Mint provides you an insight into Route Mobile IPO Review

Route Mobile IPO Review, RML is cloud correspondences specialist co-op Route Mobile is Mumbai based, has fixed a value band of ₹345-350 for every offer for its ₹600-crore first sale of stock (IPO) that will open on September 9 and issue will close on September 11. 

Route Mobile IPO Review, is cloud interchanges specialist organization built up in 2004, Route Mobile obliging ventures, over-the-top (OTT) players, and mobile organization administrators (MNO). Our portfolio involves brilliant arrangements in Messaging, Voice, Email and SMS Filtering, Analytics, and Monetization. 

Route Mobile, once in the past known as RouteSms Solutions Ltd, was established in 2004, with workplaces in Mumbai, Pune, and London. 

RML has workplaces in Canada (Toronto), Congo, Nigeria (Lagos), and the UAE, other than Hyderabad and New Delhi. It utilizes near 300 individuals. 

Route Mobile IPO Details 

IPO Date Opens on September 9, 2020, and Closes on September 11, 2020 

Issue Type Book Built Issue IPO 

Issue Size Raise around Rs 600 crores by selling 17,142,856 offer 

New Issue Fresh Issue of 68,57,142 Shares @350/ - = Rs.240.00Crs 

Offer for Sale Offer available to be purchased of 1,02,85,714 Shares @350/ - = Rs.360Crs 

The presumptive worth of ₹10 per value share 

IPO Price Price Band of Rs345 – Rs350 per Equity Share 

Market Lot 40 Shares and in products of 40 Equity Shares from that point and Maximum 560 Shares 

Least Amount Minimum Amount: ₹14,000 

Most extreme Amount: ₹196,000 

Apportioning Date September 16, 2020 

Posting on BSE, NSE 

Route Mobile IPO Subscription Status Today 

Most recent Route Mobile IPO status on today, IPO got 4.15 occasions offers so far on Day 2 of the offering cycle on Thursday. 

According to information accessible with NSE, the Route Mobile IPO issue got offers for 5,05,09,920 offers before the day's over, which was 4.15 occasions the all-out issue size of 1,21,73,912 offers. 

Route Mobile IPO Date 

Route Mobile IPO (first sale of stock) membership opens on September 9 and closes on September 11. 

Route Mobile IPO Price Band 

Most joyful Minds IPO issue value band at Rs 345 to Rs 350 for each value share. 

Route Mobile IPO Review Lot Size 

The part size of the Route Mobile IPO is at least 40 value shares and in products of 40 value shares from that point. 

Route Mobile IPO Minimum parcel of 40 portions of Rs 14,000 and Maximum venture of 14 heaps of 560 stocks at Rs.196,000 at The presumptive worth of the value share is Rs 10 each. 

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Route Mobile Limited IPO Issue Size 

RML plans to raise Rs 600 crore through the open issue which includes a new issue of up to Rs 240 crore, Also, existing advertisers would offer offers conglomerating up to Rs 360 crore in a proposal available to be purchased (OFS).

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