Minimum Lot Size
Issue Open Date
Issue Close Date
A leading Cloud Communication Platform provider that provides wide range of enterprise communication services includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. After its inception in 2004, Route Mobile has been enhancing mobile communications through technology upgrades and product innovations. The cloud service provider has not restricted its clientele basket in domestic areas but catering the needs in geographies too. The services of the company are highly customizable and user-friendly for their clients. Currently, the enterprise is serving more than 30,000 clients globally in 18 locations across Africa, Asia Pacific, Europe, the Middle East, and North America.
|S.No.||1 - Company||2 - Directors||3 - Promoters|
|Entity Name||By the Company||Against the Company||By the Director||Against the Director||By the Promoter||Against the Promoter|
|Material civil cases||-||-||-||-||-||-|
|Amt. (In Million Rs.)||-||523.29||-||-||-||-|
|Gross Operating Income||5094.85||8523.77||9681.02||3122.95|
|Cost of Employee & Inventory||3912.04||7224.62||8223.55||2624.52|
|Profit Before Tax||564.94||650.03||841.2||332.86|
|Profit After Tax||466.77||545.32||691.02||269.34|
The promoters of the company are Sandipkumar Gupta and Rajdipkumar Gupta.
The company doesn’t have any serious competitor while there is a small presence of proxy services offered by Tanla Solutions and Tata Communications.
The object of the Offer for Sale is to allow the shareholders to sell an aggregate of up to [●] Equity Shares held by them. The company will not receive any proceeds from the Offer for Sale. Offer for Sale Size is of 10,140,845 Equity Shares making it an amount of Rs. 360 crores at the upper price band.
The net proceeds from the fresh issue will be utilized for repayment of certain borrowings of the company amounting at 36.9 crores, acquisitions and strategic initiatives amounting at 83 crores and 65 crores will be utilized for purchase of office premises in Mumabi. The company will also utilize the proceeds for General Corporate Purpose which shall not exceed 25% of the Gross Proceeds.