Incorporated in 2004, Route Mobile Limited is among the leading Communications Platform as a Service (CPaaS) provider and a tier-one application-to-peer (A2P) service provider. Its enterprise communication services include new age solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. The company operates in 3 business verticals: 1. Enterprise: The Company provides a cloud-communication platform as a service to enterprises, over-the-top players, and mobile network operators around the world. 2. Mobile Operator: Services in this segment include SMS analytics, firewall, filtering, monetization, and hubbing solutions. 3. Business Process Outsourcing (BPO): The Company provides a range of BPO services including client support, technical support, booking, and collection services. The company's clients include some of the world's largest organizations, including several Fortune Global 500 companies.
Key Facts (As of June 2020):
- 318 Employees - 18 locations across Africa, Asia Pacific, Europe, the Middle East, and North America. - Served 30150+ clients globally - 2.5+ Billion Messages per month in fiscal 2020 - 31+ Billion Billable transactions in fiscal 2020 - 800+ Network Operators - 240+ Direct Connections or "Super Networks" - 6 Strategically Located Data Centers. - 4 Short Message Service Centers Competitive Strengths 1. Leading cloud communications service provider offering CPaaS. 2. Omnichannel Platform for easy campaign scheduling and reporting. 3. Easy to use the console to plan, deploy & monitor campaigns. 4. Global & Local customization expertise. 5. Consultative and Lean approach for better customer engagement.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Repayment or pre-payment, in full or part, of certain borrowings of our Company | ₹37 |
| 2 Acquisitions and other strategic initiatives | ₹48 |
| 3 Purchase of office premises in Mumbai | ₹65 |
| 4 General corporate purposes | ₹39 |
| Metric | 30-June-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Total Assets | 635 | 627 | 506 |
| Revenue | 312 | 968 | 852 |
| PAT | 27 | 69 | 55 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 8,571,427 (50%) | — |
| NII / HNI | — | 2,571,429 (15%) | — |
| Retail (RII) | — | 6,000,000 (35%) | — |
| Total | — | 17,142,856 (100%) | — |
* Amount calculated at upper price band (₹350) · ** Total includes all investor categories
- 1 Initiation of Refund 17 Sep 2020
- 2 Credit of Shares to Demat 18 Sep 2020
- 3 Lock-in Period (30%) October 16, 2020
- 4 Lock-in Period (50%) December 15, 2020
- Retail allocation is good at 35% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 50%.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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