IPO · Enterprise Software & IT
Route Mobile launches initial public offering
By Startup Enthusiast ·
- Date
- Company
- Route Mobile Ltd
- What it does
- Cloud communication platform provider
- Kind
- IPO
- Amount
- ₹600 Cr
- Stage
- public
- Based in
- Hyderabad
- Sector
- Enterprise Software & IT
What they do
Route Mobile provides cloud-based communication services to enterprises and mobile network operators globally
What happened
The company launched an initial public offering (IPO) worth ₹600 crore, comprising a fresh issue and an offer for sale
Why it matters
Proceeds will support debt repayment, strategic acquisitions, and the establishment of a business process outsourcing center in Noida
The details
- Route Mobile initiated its initial public offering (IPO) with a total issue size of ₹600 crore.
- The offering ran from 9 September 2020 to 11 September 2020.
- The total amount includes a fresh issue of ₹240 crore and an offer for sale of ₹360 crore.
- Existing shareholders Sandipkumar Gupta and Rajdipkumar Gupta each sold shares worth ₹180 crore.
- The shares were priced at ₹350 per equity share.
- The company is set to list its shares on the National Stock Exchange (NSE).
The bigger picture
- The offer represents 30.15% of the company's fully diluted post-offer paid-up equity share capital.
- The company aims to use funds to repay loans from Deutsche Bank AG and other existing facilities.
- Capital will also support strategic acquisitions and the purchase of office premises in London and Singapore.
About the business
- Route Mobile operates as a cloud communication platform provider.
- The company maintains its headquarters in Hyderabad, India.
- It plans to set up a business process outsourcing (BPO) center in Noida.
- The company serves enterprise clients and mobile network operators.
- It provides various communication solutions through its global infrastructure.
What happens next
- The company intends to establish a business process outsourcing center in Noida.
The deal
- Type
- ipo
Other articles talking about it
Same day
- Social Worth Technologies files for initial public offering12 September 2026 · IPO · Rs.750 Cr
- Curefoods files IPO for ₹800 crore12 September 2026 · IPO · ₹800 Cr
- Delhivery completes its initial public offering on the NSE12 September 2026 · IPO · ₹5,235 Cr
- DSM Fresh Foods faces scrutiny over fund diversion12 September 2026 · Legal
- Zepto delays IPO to 2027 and reduces issue size12 September 2026 · IPO · ₹8,100 Cr
- Deltatech Gaming files for initial public offering12 September 2026 · IPO · ₹550 Cr