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|
|Top Brokers Review||7.9/10|
Summary of Route Mobile Limited IPO
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 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 / Date||QIB||NII||RII||Total Subscription|
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:
|Amount (in INR & millions)|
|Profit After Tax||606.30||627.36||108.53||105.76||84.76|
Earnings per Equity Share (in Millions)
|Basic & Diluted||12.13||12.55||2.17|
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:
- Sandipkumar Gupta
- 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.
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 |
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
|Reserved for Market Makers||At least [●] Equity Shares|
|Net Issue to the Public||[●] Equity Shares|
|Retail Investors Portion||Not more than [●] Equity Shares|
|Non-Retail Investors Portion||Not more than [●] Equity Shares|
|Equity Shares outstanding prior to the Issue||50,000,000 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 EPS||RONW (%)||NAV (Rs.)|
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Route Mobile Limited IPO 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: [email protected]
Investor grievance email: [email protected]
Contact Person: M Murali Krishna
SEBI Registration No: INR000000221
- 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 Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promoters Reputation|
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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