Route Mobile Limited IPO – Review, Allotment, Subscription, GMP & DRHP

Route Mobile Limited  are among the leading cloud-communication platform service providers to enterprises, over-the-top (“OTT”) players and mobile network operators. The Company range of services include messaging, voice, email and SMS filtering, analytics and monetization . Route Mobile Limited IPO comprises of [●] Equity shares, face value of Rs.10 each.

Let’s have a detailed review of the company and analytics of the Route Mobile Limited IPO release date, IPO offer price, subscription, Route Mobile Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Route Mobile Limited IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of Route Mobile Limited IPO

Route Mobile Limited IPORoute Mobile Limited  is  among the leading cloud-communication platform service providers to enterprises, over-the-top (“OTT”) players and mobile network operators. The Company range of services include messaging, voice, email and SMS filtering, analytics and monetization. The Company offer a range of cloud-communication services to clients across diverse sectors including banking and financial services, aviation, retail, e-commerce, logistics, healthcare, hospitality, media and entertainment, pharmaceuticals and telecom. Their clients include some of the world’s largest and well-known organisations, including a number of Fortune Global 500 companies.The Issue comprises of a Public Issue of  Equity shares of face value of Rs.10.00 each fully paid  up.

From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,

From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of  24.54 % and 1.64%, respectively.

For the period ended March 31, 2017, FY 2016-15 and FY 2015-14, its revenue from operations was Rs. 4,575.81 Millions, Rs. 3,673.90 Millions and Rs. 1,318.26 Millions, respectively representing growth of  178.69% from the FY 2015-16 to FY 2015-14. For the period ended March 31, 2017, FY 2016-17 and FY 2015-16 their net profit was Rs. 812.68 Millions, Rs. 799.56 Millions and Rs 165.76 Millions, respectively, representing a growth of  1.64 % from the FY 2015-16 to FY 2016-17.

  • During the financial year 2017-18 the Other Income of their company increased to Rs. 55.16  Millions as against Rs.45.33 Millions for the financial year 2016-17, representing increase by 21.68% due to increase in interest income & insurance claim in FY 2017- 18.
  • Company’s Net Profit after tax for the year 2016-17 is Rs. 606.17 Millions from the year 2015-16 of Rs.627.36 Millions showing an decrease of  3.37% from last year.

The Promoter of this company is Sandipkumar Gupta and Rajdipkumar Gupta. The lead manager to the issue is Motilal Oswal Investment Advisors Limited, IDBI Capital Markets & Securities Limited and YES Securities (India) Limited, and the Registrar to this issue is Karvy Computershare Private Limited .


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Route Mobile Limited IPO Date

The opening and the closing date of IPO of Route Mobile Limited is not known yet.


Route Mobile Limited IPO Subscription

Day / DateQIBNIIRIITotal Subscription
Day 1   
Day 2    
Day 3    
Day 4    
Day 5    

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Route Mobile Limited IPO Allotment Status

Tthe allotment of the Equity Shares pursuant to the Fresh Issue and transfer of the Equity Shares offered by the Selling Shareholders pursuant to the Offer for Sale to the successful Bidders .


Route Mobile Limited IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


Route Mobile Limited IPO Equity Share Offering

Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .


Route Mobile Limited- Company Overview

Route Mobile Limited  is  among the leading cloud-communication platform service providers to enterprises, over-the-top (“OTT”) players and mobile network operators. The Company range of services include messaging, voice, email and SMS filtering, analytics and monetization. The Company offer a range of cloud-communication services to clients across diverse sectors including banking and financial services, aviation, retail, e-commerce, logistics, healthcare, hospitality, media and entertainment, pharmaceuticals and telecom. Their clients include some of the world’s largest and well-known organisations, including a number of Fortune Global 500 companies.

The Company  operations are internally aligned into the following business verticals: (i) enterprise and OTT; (ii) mobile operator; and (iii) business process outsourcing (“BPO”). .

The Company is promoted by Sandipkumar Gupta and Rajdipkumar Gupta and is the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of Route Mobile Limited :

  • Cloud communication platform service provider with diversified service offerings .
  • Global connectivity through established relationships with MNOs .
  • Diversified and global client base across industries serviced locally .
  • Scalable delivery platform supported by robust infrastructure

Business strategies of Route Mobile Limited :

  • Enhance service offerings through organic and inorganic opportunities .
  • Continue to develop full-service offerings and innovative solutions .
  • Grow presence in additional markets to serve clients locally.
  • Expand the BPO operations

Route Mobile Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & millions)
31-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets2,000.26  2,284.85 554.88364.02 244.11
Total Revenue4,575.81  3,673.90 1,318.261,061.27 562.06
Total Expense3,818.29  2,919.67 1,174.46917.55 917.55
Profit After Tax606.30   627.36108.53 105.7684.76

Earnings per Equity Share (in Millions)

31-Mar-1731-Mar-1631-Mar-15
Basic & Diluted12.1312.552.17

From the above statements, one could find that the Route Mobile Limited  may perform well.


Route Mobile Limited IPO – Promoters

The Promoter of this company are:

  1. Sandipkumar Gupta 
  2. Rajdipkumar Gupta.

List of Related Parties (Key Managerial Personnel)

  • Chandrakant Gupta 
  • Sandipkumar Gupta
  • Rajdipkumar Gupta

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


Route Mobile Limited IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered 

Fresh issue

Offered For Sale

Up to [●] Equity Shares aggregating up to ₹ 3,500.00 million

Up to 6,500,000 Equity Shares aggregating up to ₹ [●] million

 Of which:
 Reserved for Market Makers At least [●] Equity Shares
 Net Issue to the Public [●] Equity Shares
 Of which:
 Retail Investors Portion Not more than [●] Equity Shares
 Non-Retail Investors PortionNot more than [●] Equity Shares
 Equity Shares outstanding prior to the Issue50,000,000 Equity Shares
 Equity Shares outstanding after the Issue[●] Equity Shares

Route Mobile Limited IPO Issue Object

These are the IPO Issue Objects of the company-

  • Investment in Route Mobile (UK) Limited for repayment / prepayment of the loan availed from Deutsche Bank AG;
  • Repayment or pre-payment, in full or part, of certain existing loan facilities of the Company;
  • Acquisitions and other strategic initiatives;
  • Investment in Subsidiaries for purchase of office premises in London and Singapore;
  • Purchase of business process outsourcing center in Noida; and
  • General corporate purposes.

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Route Mobile Limited IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Cloud communication platform service provider with diversified service offerings; 
  • Global connectivity through established relationships with MNOs; 
  • Diversified and global client base across industries serviced locally;
  • Scalable delivery platform supported by robust infrastructure;
  • Robust business model and consistent financial track record.

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-152.1747.90
31-Mar-1612.5589.12
31-Mar-1712.1332.3725.32

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Route Mobile Limited IPO Lead Managers

Lead Managers
Motilal Oswal Investment Advisors Limited

IDBI Capital Markets & Securities Limited

YES Securities (India) Limited

Route Mobile Limited IPO Registrar to offer

Registrar to the Offer
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32
Gachibowli, Financial District, Nanakramguda
Hyderabad 500 032, Telangana, India
Tel: +91 40 6716 2222, Fax: +91 40 2343 1551
Email:
Investor grievance email:
Website: www.karisma.karvy.com
Contact Person: M Murali Krishna
SEBI Registration No: INR000000221

Other Details:

  • Statutory Auditor –  Walker Chandiok & Co LLP, Chartered Accountants
  • Peer Review Auditor – Walker Chandiok & Co LLP, Chartered Accountants
  • Bankers to the Company –  Yes Bank  Limited , HDFC Bank Limited 

Route Mobile Limited IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Route Mobile Limited IPO Grey Market Premium

The Route Mobile Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Route Mobile Limited IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

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