Route Mobile Ltd IPO


IPO Subscription Details

  • Open Date 09 Sep
  • Close Date 11 Sep
  • Lot Size 40
  • IPO Size ₹ 600 Cr
  • IPO Price Range ₹ 350
  • Min Investment ₹ 14000

IPO Synopsis

Initial Public Offering of up to 17,142,856 equity shares of face value Rs.10 each (equity shares) of the company for cash at a price of Rs. 350 per equity share including a premium of Rs. 340 per equity share (offer price), aggregating to Rs. 600 Crores (offer). The offer comprises a fresh issue of up to 6,857,142 equity shares aggregating Rs. 240 Crores (fresh issue) and an offer for sale of 10,285,714 equity shares aggregating to Rs. 360 Crores by the selling shareholders being the promoters, including to 5,142,857 equity shares aggregating to Rs. 180 Crores by Sandipkumar Gupta and 5,142,857 equity shares aggregating to Rs. 180 Crores by Rajdipkumar Gupta (offer for sale). The offer shall constitute 30.15 % of the fully diluted post-offer paid-up equity share capital of the company. The Floor price Rs.350 and is 35 times of the face value of the equity shares.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Route Mobile Ltd IPO