Everything You Need to Know About Route Mobile IPO

Route Mobile is a Cloud Communication Platform provider catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO).

The company aims to raise Rs. 600 crores through the issuance of fresh equity shares as well as Offer for Sale from promoters.

You can read the IPO Prospectus for more information.

Indicative Timetable

Event Date
Issue Period 9 Sep 2020 - 11 Sep 2020
Price Range 345 - 350
Minimum Bid Quantity 40
Finalisation of Allotment 16th Sep 2020
Initiation of Refunds 17th Sep 2020
Credit of Shares 18th Sep 2020
Listing 21st Sep 2020
Mandate end date 29th Sep 2020

How do I apply for the Route Mobile IPO?

You can apply for the Route Mobile IPO on Console using any supported UPI app.

Once you have entered your bid on Console, you will receive a mandate collect request on your UPI app. On acceptance of the mandate, the bid amount will get blocked in your bank account. Read more.

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