Route Mobile Limited IPO
Route Mobile Limited was a mainboard IPO in the Other Telecom Services sector, offered at ₹345–₹350 per share to raise ₹420 crore. The issue was subscribed 73.3× overall (QIBs 89.76×, NIIs 192.81×, retail 12.67×). It listed on 21 Sep 2020 at ₹717 and closed its first day at ₹651, a listing gain of +86.1% versus the ₹350 issue price. It now trades around ₹439 (+25.3% versus the issue price).
Frequently asked questions
- How many times was the Route Mobile Limited IPO subscribed?
- The Route Mobile Limited IPO was subscribed 73.3× overall — 89.76× in the QIB category, 192.81× among non-institutional investors, 12.67× in retail.
- What were the Route Mobile Limited IPO listing gains?
- Route Mobile Limited listed on 21 Sep 2020 at ₹717, closing its first day at ₹651 — a listing gain of +86.1% versus the ₹350 issue price.
- What were the retail allotment odds for the Route Mobile Limited IPO?
- Retail was subscribed 12.67×, so a single-lot application had roughly a 7.9% chance of allotment (about 1 in 13), and allotment was finalised on 15 Sep 2020.
- What was the price band and lot size of the Route Mobile Limited IPO?
- The price band was ₹345–₹350 per share, with a minimum lot of 40 shares (₹14,000 at the upper band).
- Who were the registrar and lead manager for the Route Mobile Limited IPO?
- KFin Technologies Private Limited was the registrar, and ICICI Securities was the book-running lead manager.