Connect with us


Route Mobile IPO : Should You Subscribe?



pexels pixabay 210607 1 - The TradeLog

Route Mobile Ltd., a cloud communications service provider is coming out with IPO starting 9th Sept. Earlier this week, Happiest Minds IPO hit the streets with huge subscription numbers. Are we going to witness similar kind of subscription here too? While we wait to find this out, we should keep these things in mind before arriving at the decision of subscription:

About IPO

IPO Date Sep 9 – Sep 11

IPO Price ₹345 – ₹350

Market Lot 40 Shares

Allotment Finalization Sep 16

Refunds Sep 17

Listing Date Sep 21

About The Company

Route Mobile is among the leading cloud-communication platform service providers. It offers a range of cloud-communication services to clients in banking and financial services, aviation, retail, e-commerce, logistics, healthcare, hospitality, media and entertainment, pharmaceuticals and telecom.


Company revenue grew from 505 crores in 2018 to 956 crores in 2020.

Net Profit grew from 47 crores in 2018 to 69 crores in 2020.


The company has no listed peer in India.


At the price band is Rs 345-350, the stock carries P/E value of 16.


The shares are being traded at ₹530 (51% above IPO offer price) indicating huge demand among traders. Massive GMP premium is expected to attract huge subscription by HNIs and NIIs.

Should You Subscribe?

Being a leader in cloud communications and having top companies as its client, the company is expected to perform well. With GMP 51% above IPO price, one should go ahead and subscribe to this offer.

Continue Reading