Page 3 - Route Mobile Limited
Route Mobile makes stellar debut, closes 86% above issue price
The stock hit a high of Rs 735 in the early morning deals, thereby surging 110% against the issue price
 "Route Mobile makes stellar debut, closes 86% above issue price")
Happiest Minds & Route Mobile: investors bet Rs 90,000 cr on two tiny IPOs
Hopes of bumper listing, success of last offering seen driving subscriptions of Happiest Minds & Route Mobile
 "Happiest Minds & Route Mobile: investors bet Rs 90,000 cr on two tiny IPOs")
Route Mobile IPO subscribed more than four times on day before its close
Route Mobile IPO comprises fresh fund raising worth Rs 240 crore and the remaining is a secondary share sale by promoters
 "Route Mobile IPO subscribed more than four times on day before its close")
Route Mobile IPO fully subscribed on day 1, most bids from retail investors
The funds raised will be utilized to repay debt, make strategic acquisition and purchase office premises in Mumbai. The price band for the IPO is Rs 345 to Rs 350 per share
 "Route Mobile IPO fully subscribed on day 1, most bids from retail investors")
MARKET WRAP: Sensex slips 171 pts amid weak global cues; RIL up over 2.5%
All that happened in the markets today.
 "MARKET WRAP: Sensex slips 171 pts amid weak global cues; RIL up over 2.5%")
Route Mobile IPO opens today: Here are the key things you should know
A price band of Rs 345-350 apiece per share has been fixed for the IPO that will conclude on September 11
Route Mobile garners Rs 180 cr from anchor investors ahead of IPO tomorrow
Route Mobile has finalised allocation of 51,42,856 shares at Rs 350 apiece to 15 anchor investors
 "Route Mobile garners Rs 180 cr from anchor investors ahead of IPO tomorrow")
Street signs: Route Mobile IPO, brokers eye tech improvement, and more
Last week, low-cost brokerage 5paisa.com appointed former Flipkart chief technology officer Ravi Garikipati on its board as an independent director
 "Street signs: Route Mobile IPO, brokers eye tech improvement, and more")
Route Mobile to launch Rs 600-crore initial public offering next week
The company had received approval from markets regulator Sebi in December 2019 to float the initial public offer
Route Mobile gets Sebi's approval to raise Rs 600 crore through IPO
The IPO comprises of a fresh issue worth Rs 350 crore and an offer for sale of up to 65 lakh equity shares by the promoters
 "Route Mobile gets Sebi's approval to raise Rs 600 crore through IPO")
Route Mobile acquires Cellent Technologies
Cellent Technologies has presence in the A2P messaging markets in the Middle East and Africa, apart from India
 "Route Mobile acquires Cellent Technologies")
