ROUTE MOBILE IPO DETAILS.

ROUTE MOBILE IPO APPLY OR NOT ?

ANSWER - MY VIEW ABOUT ROUTE MOBILE IPO IS YES YOU CAN APPLY THIS IPO FOR FOR LISTING GAINS.

YOU CAN EXPECT GOOD LISTING GAINS FROM THIS IPO.

NOTE CONDITION - ( LISTING GAINS ONLY POSSIBLE IF MARKET CONDITION REMAINS NORMAL )

FOR LONG TERM NO VIEW ON IT BETTER TO APPLY ONLY FOR LISTING GAINS IF GET GOOD LISTING GAINS THAN BOOK IT AND WAIT FOR ANOTHER NEW IPO.

DISCLAIMER - MAKE YOUR OWN RESEARCH BEFORE TAKING ANY DECISION ON BUY OR SELL OF STOCK OR ASK TO YOUR FINANCIAL ADVISOR I HAVE JUST SHARED MY PERSONAL VIEW.

ABOUT COMPANY 

The Rs 600 crore Route Mobile initial public offer (IPO) is all set to hit the primary market on Wednesday. The omnichannel cloud communication service provider has fixed the price band for the issue at Rs 345-Rs 350 per share. At the higher end of the price band, the company is seeking 25.3 times PE on FY20 basis.

Incorporated in 2004, the Mumbai-headquartered company carries on mainly three operations: Enterprise, mobile operator and business process outsourcing. The enterprise vertical primarily provides cloud-based communication platform to enterprises. The mobile operations include services such as SMS analytics, firewall, filtering, monetisation and CPaaS (cloud-communication platform as a service) and hubbing solutions. In April 2017, the company acquired a BPO Call2Connect, through which the company integrates the BPO capabilities with its enterprise voice platform. Over 80 per cent of the revenues that the company generates is in foreign currency. According to the ROCCO Report 2020, the company was ranked as a tier I application-to-peer service provider internationally.

As of June 30, the company had served more than 30,150 clients since its inception. The company has direct relationships with over 240 mobile network operators (MNOs). It provides its enterprise clients from Africa, Asia Pacific, Europe, Middle East and North America access to over 800 mobile networks.