Page 2 - Route Mobile Limited

Route Mobile surges 18%; stock zooms 134% against issue price in 3 days

The stock rallied 18% to Rs 818 in the intra-day trade today leading to a gain of 134% against the issue price of Rs 350 per share

Route Mobile up 7% as Goldman Sachs, Kuwait Investment Authority pick stake

Goldman Sachs India Fund, Goldman Sachs Trust Emerging Markets Equity Fund and GS FDS Sicav GS Global Emg Mkts EQ Portfolio bought a combined 2.41 million equity shares worth of Rs 170 crore on Monday

Route Mobile makes strong debut in stock market, lists at 86% premium

The Rs 600-crore IPO of Route Mobile was subscribed 75x

MARKET WRAP: Sensex tanks 812 pts amid weak global cues; India VIX up 13%

All that happened in the markets today

Route Mobile makes stellar debut, closes 86% above issue price

The stock hit a high of Rs 735 in the early morning deals, thereby surging 110% against the issue price

Happiest Minds & Route Mobile: investors bet Rs 90,000 cr on two tiny IPOs

Hopes of bumper listing, success of last offering seen driving subscriptions of Happiest Minds & Route Mobile

Route Mobile IPO subscribed more than four times on day before its close

Route Mobile IPO comprises fresh fund raising worth Rs 240 crore and the remaining is a secondary share sale by promoters

Route Mobile IPO fully subscribed on day 1, most bids from retail investors

The funds raised will be utilized to repay debt, make strategic acquisition and purchase office premises in Mumbai. The price band for the IPO is Rs 345 to Rs 350 per share

MARKET WRAP: Sensex slips 171 pts amid weak global cues; RIL up over 2.5%

All that happened in the markets today.

Route Mobile IPO opens today: Here are the key things you should know

A price band of Rs 345-350 apiece per share has been fixed for the IPO that will conclude on September 11

Route Mobile garners Rs 180 cr from anchor investors ahead of IPO tomorrow

Route Mobile has finalised allocation of 51,42,856 shares at Rs 350 apiece to 15 anchor investors

Street signs: Route Mobile IPO, brokers eye tech improvement, and more

Last week, low-cost brokerage 5paisa.com appointed former Flipkart chief technology officer Ravi Garikipati on its board as an independent director

Route Mobile to launch Rs 600-crore initial public offering next week

The company had received approval from markets regulator Sebi in December 2019 to float the initial public offer

Route Mobile gets Sebi's approval to raise Rs 600 crore through IPO

The IPO comprises of a fresh issue worth Rs 350 crore and an offer for sale of up to 65 lakh equity shares by the promoters

Route Mobile acquires Cellent Technologies

Cellent Technologies has presence in the A2P messaging markets in the Middle East and Africa, apart from India