Route Ipo Review (Sep 2020) Scroll Down For Its Reviews. >> This article will give you an insight into a company’s IPO listings and details.
What options do you prefer when it comes to investing your money for financial success? Is it IPO? If yes, then you must check out the Route IPO Review.
For every company to expand and grow, issuing shares is an option for them, for which the company has to invite public investors to purchase the shares of the company. This first public invitation through the stock market is known as Initial Public Offer (IPO).
Route Mobile Ltd has recently opened its public subscription to raise 600 crores through an Initial Public Offer that would include 240 crores of fresh shares in India, United States, and the remaining 360 crores by promoters
What is Route Mobile?
The Route Mobile provides a cloud communication platform as a service (CPaaS) to the enterprises, mobile network operators (MNOs), and over-the-top (OTT) players. It has provided email, Omni-communication, voice, firewall, SMS analytics, SMS hub, filtering and monetization, and Instant Virtual Number solutions. It garners its revenue approximately 80.1% from exports while 19.9% from India. As per the Route IPO Review, it is ranked tier one A2P (application-to-tier).
What should Route Mobile IPO investors do?
Before the shares are listed on the stock exchange in India, United States, Route Mobile IPO offers the buyers to purchase them.
When will Route Mobile IPO allotment status be available?
Route IPO Review reveals that the Route Mobile IPO allotment status availability is said to be on or nearly around September 16, 2020. Moreover, these shares will be credited by September 18, 2020, in the demat account.
When will the listing be done?
Route IPO Review state that the listing date is not provided by the Route Mobile IPO but is planned for September 21, 2020, at NSE and BSE.
Details of the IPO
OFS (Offer for Sale): Rs. 360 crores
The Selling Shareholders shall receive the Offer’s proceeds while the company won’t be receiving any proceeds from the same.
Fresh Issue: Rs. 240 cr
The Fresh Issue would include the purchase of Mumbai’s office premises, strategic initiatives, acquisitions, pre-payment, and repayment in part or full of some company borrowings. It also contains general corporate purposes.
Route Mobile IPO Registrar to offer
Registrar to the Offer
- KFin Technologies Private Limited
- Selenium Tower B, Plot 31 and32,
- Gachibowli, Financial District,
- Serilingampally, Hyderabad
- 500 032, Telangana, India
- Website: www.kfintech.com
- Contact Person: M Murali Krishna
- Tel: +91 40 6716 2222
- Email: email@example.com
There are their rewards and risks of investing in Initial Public Offer investments. However, investors must be careful while investing in any IPOs and not invest blindly. That is how one understands the potential of the company.
Route IPO Review exclaims that Route Mobile Ltd is a leading cloud communication platform as a service. It is reliable and well-known in India, United States. Infact the first-day opening was entirely filled up soon on the same day. We recommend it to our readers.
Have you invested in this company’s IPO yet? Kindly share your experience with us in the comments section below.