IPO Details
Below are key details about the IPO of the Company
- IPO Start Date – 9th Sep 2020
- IPO End Date – 11th Sep 2020
- IPO Price – INR 345 – 350
- IPO Lot Size – 40
- Minimum investment required – INR 14,000
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Business Details
Route mobile is cloud communication platform provider. The cloud communication platform is used by different users like Enterprises, Over the top or OTT players and mobile network operators.
The clients belong to diversified sectors like Banking and Financial Services, Aviation, Retail, e-Commerce and Telecom. The Company claims to have some Fortune Global 500 companies in its clientele.
Below are key product and services offered by the Company
- Messaging
- Enables Business to reach Customers with reliable and cost effective SMS solutions
- Operator
- Allows to reach Subscribers around the World improving ROI for business
- Voice
- Provides interactive response to your Customers. Send reminders, alerts and promotions to the Customers
- Email
- Send email to Customers and integrate Email with SMS, IVR or CRM services
- Identity Solution
- Protect and alerts end users against phishing and spamming. Allows branded and authenticated communication at low cost and high click through rate
- Bespoke Solution
- Business can allow customers to select communication channel like SMS, Email and Voice to receive and accept legal disclaimers.It is present in 60+ countries. Allows business to save time and cost and have compliance.
The Company was founded in year 2004 and currently has around 300 employees. It is head quartered in Mumbai. It is also present in other countries. It is present in India, Africa, Europe, US and Middle East.
Below are some key stats of the Company since it’s inception
- 31+ billion messages delivered in fiscal 2019-20
- 2.5 billion transactions processed per month in fiscal 2020
- 240+ direct connection with telecom operators
- 18 offices in various parts of World (location shared above in post)
- 800+ network operators
- 6 data centers owned by the Company
- 30K+ Clients are serviced till date
- 3000+ active clients billed monthly as of now
Financial Snapshot
Below are key financials of the Company for year ending 2020
- Total Income – 968.1
- EBIDTA – 96.91
- Profit for year – 57.65
IPO Subscription Status
Below is IPO Subscription status of the Company. I will be updating this section with time.
- QIB – 70.85 times
- NII – 151.31 times
- RII – 12.25 times
- Total Subscription is 58.79 times
Below is meaning of the Key terms used above
- QIB is (Institutes or Mutual Funds like HDFC AMC etc)
- NII is (People bidding for more than 2 lakhs in IPO application)
- RII is (People bidding for less than 2 lakhs)
- Employee and Others are Reserved Quota Investors.
My Opinion
Cloud Communication is emerging space as more and more companies are trying to use newer communication platforms like WhatsApp, SMS and Email to reach their Customers and interact with them.
Mobile phones have become de facto identity of Customers and thus requiring safe and reliable delivery to them. Also with increasing Globalization a Company may have to reach Customers situated in other countries thus requiring third party service providers to take care of communication and related hassles.
The space is competitive with many startup Companies trying to provide services in this space. Also established Companies are also eyeing to get the slice in it.
Route Mobile is first Indian company in this niche to get listed on stock exchanges and it ha received good response from Qualified Institutional Investors.