Route Mobile IPO |Route Mobile IPO Review | Route Mobile Issue Issue Price | Route Mobile Listing gains – Why I should subscribe for this IPO?

Route Mobile IPO |Route Mobile IPO Review | Route Mobile Issue Issue Price | Route Mobile Listing gains – Why I should subscribe for this IPO?

Route Mobile IPO |Route Mobile IPO Review | Route Mobile Issue Issue Price | Route Mobile Listing gains – Why I should subscribe for this IPO?

Brief Overview of the Company

Route Mobile is a leading Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). Route Mobile range of enterprise communication services includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization.

Since its inception in 2004, Route Mobile has been enhancing mobile communications through technology upgrades and product innovations; meeting the needs of a diverse clientele across geographies. Our customizable, user-friendly, and effective solutions enable enterprises and mobile operators to deliver efficient services to their customers.

Company had served over 30,150 clients by June 2020, cumulatively since inception globally through its offices across Africa, Asia Pacific, Europe, Middle East and North America.

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Competitive Strengths

1. Leading cloud communications service provider offering CPaaS.

2. Omnichannel Platform for easy campaign scheduling and reporting.

3. Easy to use the console to plan, deploy & monitor campaigns.

4. Global & Local customization expertise.

5. Consultative and Lean approach for better customer engagement.

https://youtu.be/Dvv-JybetCk

September 2020 is the month of IPO & offers great opportunity for investors to make money Route Mobile Ltd Issue Opens on 9th Septmber 2020 & closes on 11th September 2020.

Objectives of the Issue

1. Repayment or prepayment, in full or part, of certain borrowings of our Company;

2. Acquisitions and other strategic initiatives;

3. Purchase of office premises in Mumbai; and

4. General corporate purposes.

Company Promoter’s

Sandipkumar Gupta and Rajdipkumar Gupta are the promoters of the company.

Issue Details

Route Mobile Ltd IPO offer with a median combo of fresh equity issue as well as offer for sell

  • Issue Price Rs. 340-350 /-
  • Issue Opens 09.09.2020
  • Issue Closes 11.09.2020
  • Minimum Bid (No. of Shares) 40
  • Listing on BSE, NSE
  • Company Website https://www.routemobile.com/
  • Minimum Investment Amount in Rs. 14000/-
  • Issue Size (Rs. Cr.) 600

Route Mobile IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum140₹14,000
Maximum14560₹196,000

Key Financials of the Company

all figures are inRs. Crores
Particulars30-June-2031-Mar-2031-Mar-1931-Mar-18
Total Assets634.83626.55505.78447.37
Total Revenue312.30968.10852.38509.49
Profit After Tax26.9369.1054.5346.68

Why You Should Go for this IPO

Majority of analysts recommend subscribing to the issue for listing gains as well as long term given the diversification in service offerings with one-stop solution provider to enterprise clients and mobile network operators, expected growth opportunity in cloud communication space, good financial performance, expected strong digital growth post COVID-19 world and no major competition in the space.

The company is bringing the issue at p/e multiple of approximately 19x at higher end of price band of Rs 345-350 per share on post issue Q1FY21 EPS basis. Company with diversified service offerings for enterprise client base across a broad range of industries including social media companies, banks, financial institutions, e-commerce entities, travel etc has strong distribution reach. Also company’s established presence in all major geographies provides it an opportunity to leverage the growth in the cloud-communications space

The continuous investment in technology enabled company to expand its product and service offerings to include major mobile communication channels, including messaging, email, OTT and voice. With company intending to capitalize on the growth opportunity in cloud-communications space and endeavour to become onestop communications solution provider to enterprise clients and MNOs, the future prospects of company looks strong,” the brokerage added.

Route Mobile provides cloud-communication platform as a service (CPaaS) to enterprises, over-the-top (OTT) players and mobile network operators (MNOs).

As of June 30, 2020, company had direct relationships with over 240 MNOs and four short messaging service centres hosted in various geographies across the globe. Company is able to access more than 800 networks across the world.

Company had served over 30,150 clients by June 2020, cumulatively since inception globally through its offices across Africa, Asia Pacific, Europe, Middle East and North America

There are no listed domestic peers, whose business operations are comparable to Route Mobile.

Important disclaimer

All the contents posted here are for educational purpose only  and it is not a buy or sell recommendations.

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