I'M SOCIAL. Promoters of the company have significant personal stake in these companies. Route Mobile has certain business moat-like scale, collaboration with MNOs etc., which may act as an entry barrier for a new player," Choice Broking said. This means that investors might get listing gains. We recommend you to invest in this IPO. Route Mobile IPO Review|Should I Subscribe? Return on Net Worth (RONW) = 25.65% Net Asset Value = 44.56 /Share. Company’s global operations included eight direct and seven step-down subsidiaries serving clients through 15 locations across Africa, Asia Pacific, Europe, Middle East and North America. Our range of enterprise communication services includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. At the higher end of the price band, the company is seeking 25.3 times PE on FY20 basis. 1) Route mobile is a niche player that provides cloud-communication platform as a service to enterprises, over-the-top players and mobile network operators. The contents of this section do not constitute investment advice. Are you finding it difficult to manage your personal finance? Its robust infrastructure, consistent financial record, no listed peers in the market and experienced management team makes this IPO worth investing. You agree to not make actual stock trades based on comments on the site, nor on any techniques presented nor discussed in this site or any other form of information presentation. Route Mobile IPO – Reasons to Invest. Chemcon Speciality Chemicals IPO Closes on Sep 23; Should you invest? The IPO includes a fresh issue of 240 shares and an offer of sale of Rs 360 crore through the promoters. Techs: Route Mobile IPO Tamil | Route Mobile IPO review Tamil | Route Mobile Details | Promoter Pledged ? Joint Venture Between However, since lack of bargaining power, growth potential seems to be bleak. Copyright © 2016 Finance Minutes Its clients are spread across the world in Africa, Asia Pacific, North America, Europe, and Middle East. Currently, stock is trading at 30-40% premium in grey markets. Your email address will not be published. If we exclude this revenue , the growth from FY18-FY19 looks moderate. Revised Minimum Wages in Madhya Pradesh w.e.f. Post was not sent - check your email addresses! The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Corporate Governance Issues in UPL. Out of the total INR 600 crore, there is a fresh issue of equity capital of INR 240 crore, which will be utilized by the company for repayment of debt, acquisitions and strategic investments, purchase of fixed assets, etc. The allotted shares will be credited in demat account by Sep 18, 2020. As company has good clientele, there is good earnings visibility. The Application to Person (A2P) market is expected to grow at a modest CAGR of 4.4% from 2017-2022. Globally, Syniverse and Mblox in USA , SAP in Germany and CLX of Sweden are company’s competitors. Route Mobile Limited IPO Review: Route Mobile IPO Subscribe for Short Term and Long Term View. The Rs 600 crore Route Mobile initial public offer (IPO) is all set to hit the primary market on Wednesday. Stay updated with latest news on finance, taxation reforms, stocks, currencies, trading, global markets and many more. Hem Securities: Subscribe Astha Jain of Hem Securities said the valuations for the IPO comes in at 19 times post issue on Q1FY21 EPS basis. It is a cloud-communication platform provider to enterprises and. Through this IPO, the company plans to garner Rs 600 crore. IPO Guru *ROUTE MOBILE IPO* GMP 147 +/- 1 ♦️♦️♦️♦️ *HAPPIEST MINDS TECHNOLOGIES IPO* GMP 127 +/- 1 ♦️♦️♦️♦️ *UTI AMC IPO* GMP 60 +/- 2 *To join our WhatsApp group send your name and city on our WhatsApp number ***** Only WhatsApp . The IPO opens on Sep 9, 2020, and closes on Sep 11, 2020.. KFintech Private Limited is the registrar for the IPO. Services offered by Route Mobile are as follows: Company has three main verticals namely – Enterprise, Mobile Operator and Business Process Outsourcing (BPO). Business. Tag: Route Mobile IPO Review. Let’s get the complete review of Route Mobile business overview, IPO dates, Route Mobile IPO allotment, subscription, company financials, and other information. For that you must always consult an expert based on your individual needs. The price band is set at Rs 345 to Rs 350 per share for a lot size of 40 shares. Read Document. 144 Followers Follow - Advertisement - MOST … However, promoter’s personal stake in unrelated businesses and chances of proceeds from OFS flowing into these businesses seem to be a red flag. Route Mobile IPO date is 09 September 2020 and closes on 11 September 2020. Route Mobile IPO Date, Review, Price Band, Form & Market Lot Details Vijay Prajapati. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. Route Mobile IPO Date, Review, Price Band & Market. Route Mobile IPO Review Route Mobile Ltd is coming out with an IPO with a Fresh Issue of Equity shares aggregating up to Rs 240 crore and an Offer for sale of Equity Shares aggregating up to Rs 360 crore bringing the total size to Rs 600 crore. Route Mobile Ltd IPO Review/Comments. Route Mobile IPO Valuations. Posted on September 3, 2020 September 29, 2020. 218 Fans Like. You agree to consult with a registered investment advisor, prior to making any trading decision of any kind. Fixed Deposit Interest Rates of Small Finance Banks, Latest Recurring Deposit Interest Rates of Major Banks, Latest Fixed Deposit Interest Rates of Major Banks, Latest Savings Account Interest Rates of Major Banks. Company started its operations in May 2004, and has its headquarters in Mumbai. Route Mobile is a cloud communication service provider which has come up with an IPO to raise INR 600 crore from the equity markets. Route Mobile's Rs 600-crore IPO subscribed 4.15 times on day 2 11 Sep, 2020, 08.59 AM IST. Route Mobile IPO description – Route Mobile offers cloud-communication platform as a service (CPaaS) to enterprises, over-the-top (OTT) players and mobile network operators (MNOs).The company ranked second globally as a tier 1 application-to-peer (A2P) service provider in 2017. Know your best opportunities of investments and savings with expert analysis and latest updates. Company operates in a quite niche segment and has a elite clientele. Route Mobile, a cloud communications service provider, will launch its initial public offering next week to raise an estimated Rs 600 crore, merchant banking sources said on Thursday. Here are the details of the IPO. Book your Orders! Route Mobile Limited was incorporated in the year 2004. Learn how your comment data is processed. Route Mobile IPO Tamil | Route Mobile IPO Details The Rs 600 crore Route Mobile initial public offer (IPO) is all set to hit the primary market on Wednesday. The price band is fixed from Rs 345-350 per share and minimum lot size is 40 shares. Sorry, your blog cannot share posts by email. Route Mobile IPO Review, Dates, Price Bands, Market Lot, Route Mobile IPO Grey Market Price Details. Overall from a longer term perspective, company can give healthy returns however the risk involved seems to be higher. Required fields are marked *. 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 book running lead managers are ICICI Securities, Axis Capital, Edelweiss Financial Services and IDBI Capital Markets & Securities. Route Mobile is a leading Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). The omnichannel cloud communication service provider has fixed the price band for the issue at Rs 345-Rs 350 per share. Issue open- 9 th Sep 2020 to 11 Sep 2020 As nearly 80-85% of revenues comes from offshore services, the company faces direct competition with these players. This site uses Akismet to reduce spam. Techs: route mobile ipo | route mobile ipo review | apply or avoid | ipo kaise kharide Everything related to Route Mobile IPO will be discussed in this video. Route Mobile is a cloud communications service provider has issued an IPO open from 9th September ’20 to 11th September ’20. The Omni-channel cloud communication service provider, Route Mobile has opened the IPO on Wednesday. Company’s revenues have has more than doubled in 2020 from 2017 levels. This site uses Akismet to reduce spam. Here are a few reasons to invest. New Delhi: Route Mobile, a cloud-communication platform provider to enterprises, over-the-top (“OTT”) players and mobile network operators (“MNOs”), launched initial public offer (IPO) of its shares to raise Rs 600 crore from the primary market. The price band for IPO is ₹345-350, lot size 40 shares. But there are certain key factors that the investor should look into before investing like a high attrition rate, inability to maintain a relationship with key mobile operators, fluctuations in the Forex market and high concentration of clients outside India. Route Mobile IPO details. DISCLAIMER. The price band is fixed from Rs 345-350 per share and minimum lot size is 40 shares. The IPO, which is being sold at Rs 345-Rs 350 per share, is seeking a valuation of 29 times PE on FY20 basis on a fully diluted basis. Revenue and … This seems to be a red flag to us as these three business are not related to the core business of the company. The IPO includes a fresh issue of 240 shares and an offer of sale of Rs 360 crore through the promoters. The company has not revealed the PE (price to earnings) ratio. They plan to raise around Rs 600 crore through through fresh issue and offer for sale. Enter your email address to follow this blog, © 2020 All Rights Reserved. The offer will end on September 11. It shows the company is making a moderate profit throughout the years. Yadnya and JAWK Softwares, Route Mobile IPO Review| Should I subscribe to this IPO? IPO comprises of: Fresh Issue: Fresh Issue of 68,57,142 equity shares worth Rs 240 crore. Analysts are positive on the issue and believe the IPO can offer listing pop as well as long-term gains. All information is for educational and informational use only. Now, let us have a look at the prospectus of the company. This is because, these major players can easily access these services in-house . Route Mobile is launching an IPO of around Rs 600 crore (1,71,42,856 equity shares of Rs10 each). As of December 2017, the company has over 23,000 clients. Route Mobile Ltd IPO (Route Mobile IPO) Detail Review, Price and Valuations – Buy for Listing Gain? Route Mobile IPO will include a public issue of 1.71 crore equity shares of Face value Rs 10 each, comprising a fresh issue of 68.57 lakh equity shares. Company operates in a very niche segment and since it has a elite clientele, it is evident that company does not have much bargaining power. The investor can bid for a multiple of 40 equity shares. If we annualise these earnings , FY21E PE comes to ~19 x. Route Mobile is a cloud communication service provider which has come up with an IPO to raise INR 600 crore from the equity markets. Revenue earned by the company in FY19, INR 105 crore was one-time revenue. Route Mobile provides these unique services and there are no comparable peers in this market (as per DRHP). Equitas SFB IPO Closes on 22nd October: Should You Invest? Given the current euphoric sentiments in the equity markets, company is expected to get listed at premium valuations. Equity shares worth INR 360 crore will be offer for sale i.e sale of shares held by promoters. As per the combined stock exchange data, the retail individual investors (RIIs) category was subscribed 6.70 times. Incorporated in 2004 Mumbai, Maharashtra, India. The price band is set at Rs 345 to Rs 350 per share for a lot size of 40 shares. IPO details. ~80% of the company’s revenue is from exports. Flipkart Sale Last Day! Launched in 2004, Route Mobile is a leading cloud-communication service provider catering to business enterprise, over the top players and mobile network operators. The price band of public issue is Rs 340-350 per share. Company’s range of enterprise communication services include application-to-peer (“A2P”) / peer-to-application (“P2A”) / 2Way Messaging, RCS, OTT business messaging, voice, email, and omni-channel communication. However EBITDA margins have declined to 11.5% in FY20 from 18.9% in FY17 mainly as company has lower bargaining power. Company earned ~ INR 27 crore in Q1FY21. Cloud communication services is quite a niche industry and basically helps to streamline back-end operations. The company has diversified offerings and has a global client base. Angel Broking IPO Review: Listing Gains Likely? Route Mobile IPO Subscription Details as on (9 Sept 5:00 pm) The proceeds from offer for sale can be used in some of these businesses. Finance Minutes will not be held liable for any losses you in occur while trading. The price band of public issue is Rs 340-350 per share. Route Mobile IPO is a main-board IPO of 17,391,303 equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. The company is based in Mumbai. Route Mobile IPO Review. The investor can bid for a multiple of 40 equity shares. Advait Infratech Ltd IPO; Should you Invest. Earnings Per Share (EPS) = Rs 13.83 PE Ratio = 24.95-25.31 (Approx). Through this IPO, the company plans to garner Rs 600 crore. Its EPS (earnings per share) stands at 8.17 (as of FY18 basic and diluted). There are no listed companies having similar business portfolio in India. Author IPO Guru. Offer for sale: Offer for sale of1,02,85,714 equity shares amounting to Rs 360 crore. Route Mobile Ltd is coming out with an IPO with a Fresh Issue of Equity shares aggregating up to Rs 240 crore and an Offer for sale of Equity Shares aggregating up to Rs 360 crore bringing the total size to Rs 600 crore. The omnichannel cloud communication service provider has fixed the price band for the issue at Rs 345-Rs 350 per share. The initial public offer (IPO) of Route Mobile received bids for 5.05 crore shares today, 10 September 2020, as against 1.21 crore shares on offer, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. Route Mobile IPO Open Date, Price Band, GMP, Review & Allotment... Narayanan Srinathan-September 6, 2020 0. October 2020. Mrs Bectors Food Specialties IPO Review | Should I Subscribe? Route Mobile IPO Issue Details. Kindly update the new GMP. Route Mobile IPO Review IPO Details. The book running lead managers are ICICI Securities, Axis Capital, Edelweiss Financial Services and IDBI Capital Markets & Securities. 80 Followers Follow. After the IPO, stake of promoter and promoter group will fall from 96% to 66%. This report is authored by an external party. However since the costs of out sourcing seem to be lower, these companies opt to outsource these services. Both main promoters Sandip Kumar Gupta and Rajdipkumar Gupta have strong corporate background. Face Value = Rs 10. Route Mobile IPO Review & its Company valuation details . Route mobile revenue and net profit has increased at a compounded annual rate of 38%, 12% and 14%, from last fiscal. The issue comprises Rs 240 crore of fresh equity issue and an offer for sale by promoters up to Rs 360 crore. Amazon Ends on 23rd October! Happiest Minds IPO Closes Sep 09; Should you Invest? So, the above chart contains the financial details of Route Mobile. August 31, 2020. The issue is priced at ₹345 to ₹350 per equity share. Through this IPO, the company plans to offer 1.71 crore shares at a price band of Rs 345-350 per share. Route Mobile Limited IPO will open on 9th to 11th Sep 2020. Pingback: Chemcon Speciality Chemicals IPO Closes on Sep 23; Should you invest? UTI Asset Management IPO Review; Should you Invest? The 5 points analysis of the company will help you decide. Route Mobile Company Financial. In the financial 2020 the company has reported more than 30.31 billion billable transactions and has processed more than 6.95 billion transactions. Learn how your comment data is processed. The GMP of this IPO has reduced drastically. In this blog, let us analyse this IPO on various fronts like company overview, sector analysis, financial and valuation analysis, corporate governance of the company and ultimately whether or not one should subscribe to this IPO. Eagleye. Company has following group companies – Zon Hotels Private Limited, 29 Three Holidays Private Limited and Cobx Gaming Private Limited. Your email address will not be published. IPO Size. It includes providing a solution to peer- to- peer application, 2 way messaging services, OTT business messaging services, voice emails, etc. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to email this to a friend (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on Skype (Opens in new window), Route Mobile pre and post IPO shareholding, Why UPL stock price is falling?
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