Business Standard

Route Mobile Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

600.00 cr

Price Range (₹)

350

Lot Size

40

Min Investment (₹)

14,000.00

Listing Exchange

MumbaiNSE

Open Date

09-Sept-2020

Close Date

11-Sept-2020

Listing Date

21-Sept-2020

Route Mobile Ltd News

    The Shares of Route Mobile Ltd have now been listed.

    Route Mobile Ltd IPO Details

    Initial Public Offering of up to 17,142,856 equity shares of face value Rs.10 each (equity shares) of the company for cash at a price of Rs. 350 per equity share including a premium of Rs. 340 per equity share (offer price), aggregating to Rs. 600 Crores (offer). The offer comprises a fresh issue of up to 6,857,142 equity shares aggregating Rs. 240 Crores (fresh issue) and an offer for sale of 10,285,714 equity shares aggregating to Rs. 360 Crores by the selling shareholders being the promoters, including to 5,142,857 equity shares aggregating to Rs. 180 Crores by Sandipkumar Gupta and 5,142,857 equity shares aggregating to Rs. 180 Crores by Rajdipkumar Gupta (offer for sale). The offer shall constitute 30.15 % of the fully diluted post-offer paid-up equity share capital of the company.The Floor price Rs.350 and is 35 times of the face value of the equity shares.

    Objective of issue

    Investment in Route Mobile (UK) Ltd for repayment/prepayment of the loan availed from Deutsche Bank AG. Repayment of pre-payment, in full or part of cretain existing loan facilities of the company. Acquisition and other strategic initiatives. Investment in Subsidiaries for purchase of office premises in london and singapore. Set up business process outsourcing center in Noida.

    Route Mobile Ltd Contact Details

    Route Mobile Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - complianceofficer@routemobile.com

    Website - www.routemobile.com