Route Mobile Limited

About the company

Incorporated in 2004, Route Mobile is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). Its portfolio comprises solutions in application-to-peer (A2P) / peer-to-application (P2A) / 2Way Messaging, RCS, OTT business messaging, voice, email, and omni-channel communication. It’s set to open its initial public offering for three days on September 9 with the closing date being September 11. The book running lead managers to the public issue are ICICI Securities, Axis Capital, Edelweiss Financial Services and IDBI Capital Markets & Securities. KFin Technologies is the registrar to the offer.Equity shares are proposed to be listed on National Stock Exchange of India and BSE Limited.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   09 Sept 2020

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   11 Sept 2020

   Last day to place your bid

3. Basis of Allotment

   Completed
   11 Sept 2020

   Share allotment finalised

4. Refund Initiation

   Completed
   17 Sept 2020

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   16 Sept 2020

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   21 Sept 2020

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.