Route Mobile Ltd IPO Message Board (Page 22)

Route Mobile IPO
GMP 198 +/- 2

How much Route Mobile is finally subscribed as per application wise in retail quota.

I have made application in route mobile thorough UPI from my broker(i.e. Sharekhan) mobile application. My Bank Account is with HDFC Bank. Further i have already authorized mandate receive in Phone Pe. But status shows in my broker application is rejected.

Do i have any other option as of now?

No option as of now.
If your funds are blocked, hopefully application is valid. :)

The Banks offering too low ROI, the public is left with no other alternative but to go for the IPO, even if the offer is from a bad company it may sail thro due to the surge in demand so we should be double careful in choosing the investment plan ..

How to check allotment status? what are chances of getting if applied in full in Retail category?

160 168

GMP 188-194

I had applied two applicatios in two different accounts each of560shares 14 times.
The retail issue subscribed approximately 13 times.
Whether i will get minimum40 shares in both the applications

You calculation is for hni. Retail calculation is different.

i had applied through central bank of india net banking through ASBA method but while checking application status on bseindia it is showing UPI CONFIRMATION STATUS AS PENDING

Please watch also orissa minerals big return in future

Gmp of route mobile is
192 - 196 rs
In last 2 days increase around 50 rs..

Gmp 160 168

How to apply for IPO under HNI or NII category. In my asba it shows only individual.

As per moneycontrol.com Trading on 45% GMP

https://www.moneycontrol.com/news/business/ipo/route-mobile-ipo-trades-at-about-45-premium-in-grey-market-ahead-of-listing-5830051.html

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ROUTE MOBILE IPO – Schedule *(Page #400 of RHP)*

04th Sept – Announcement of Price Band
08th Sept – Anchor Investors Allotment
09th Sept – Offer Opens
11th Sept – Offer Closes
16th Sept – Finalisation of Basis of Allotment
17th Sept – Unblocking of ASBA Accounts
18th Sept – Credit of Equity Shares to Depository Accounts
21st Sept – Commencement of Trading


ROUTE MOBILE IPO – Issue Information *(Final)*

Issue Opens on: 09 September 2020
Issue Closes on: 11 September 2020
Issue Type: Book Built Issue IPO
Issue Size: 1,71,42,856 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.345 – Rs.350 per Share
Discount: NIL
Market Lot: 40 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 5,00,00,000 Shares
Fresh Issue of 68,57,142 Shares @350/- = Rs.240.00Crs
Offer for Sale of 1,02,85,714 Shares @350/- = Rs.360Crs
Equity Shares outstanding after the Issue = 5,68,57,142 Shares

Category-wise Break up:
Anchor – 51,42,856 Shares = 180.00Crs
QIB – 34,28,571 Shares = 120.00Crs
NII – 25,71,429 Shares = 90.00Crs
RII – 60,00,000 Shares = 210.00Crs (Lot size: 40 = 1,50,000 Forms)
Total Issue – 1,71,42,856 Shares = 600.00Crs.

Subscription required for 1X
RII = 1,50,000 Forms
NII = 90.00 Crs


ROUTE MOBILE IPO – Financial Information (Basis of Valuation)

EPS for FY14-15 >>> Rs.02.17 (Page #103 of old DRHP)
EPS for FY15-16 >>> Rs.12.55 (Page #103 of old DRHP)
EPS for FY16-17 >>> Rs.12.14 (Page #93 of new DRHP)
EPS for FY17-18 >>> Rs.09.57 (Page #94 of RHP)
EPS for FY18-19 >>> Rs.11.19 (Page #94 of RHP)
EPS for FY19-20 >>> Rs.13.83 (Page #94 of RHP)
EPS for Q120-21 >>> Rs.5.42 (Page #94 of RHP)

RoNW for FY14-15 >>> 32.37% (Page #104 of old DRHP)
RoNW for FY15-16 >>> 89.12% (Page #104 of old DRHP)
RoNW for FY16-17 >>> 47.85% (Page #94 of new DRHP)
RoNW for FY17-18 >>> 29.74% (Page #95 of RHP)
RoNW for FY18-19 >>> 25.42% (Page #95 of RHP)
RoNW for FY19-20 >>> 25.58% (Page #95 of RHP)
RoNW for Q120-21 >>> 09.12% (Page #95 of RHP)


NAV as on June 30, 2020 was Rs.59.40 (Page #95 of RHP)

Listed Industry Peer Group (Page #95 of new DRHP): NONE


ROUTE MOBILE IPO – *Market’s Current Estimates of oversubscription*:

RII = 15.00L Forms = 10.00X Applic. wise (Avg allotment of ~4.00 shares per lot)
NII = 17.50K Crs. = ~194.44X

Interest cost *@10.00%p.a.* for 7days = 67.12paise for 1X

Thus, for NII the costing = 194.44 X 67.12paise = Rs.130.52 per share (= GMP)

And, for RII the costing = 4.00 X 130.52 = Rs.522/- (= Kostak)


ROUTE MOBILE IPO – *GMP Estimated*
GMP 135 +/- 1
Kostak 525 +/- 25


ROUTE MOBILE IPO

2nd Day at 5:00PM

The following data is assuming the shares will be issued at @350/- (upper price band)

QIB*: 01.27X (*Excluding Anchor)
NII: 02.07X
RII: 06.81X
Total: 4.21X

*RII Applications: 8.13L* Approx
No. of Applic-wise: 5.42X

It seems there are many people who neither takes the pain to go through the RHP and neither have the capacity to estimate the GMP. However they are experts in disliking post of other members. Hate mongers!

How much Route Mobile is finally subscribed as per application wise in retail quota.

dear admin thank for you valuable support on minor account i have two question regarding minor account
1 bank account open in minor name or parent name or both name and is net banking required in minor account to apply ipo
2 can we sell ipo share in minor acoount same day of listing in prostocks bcoz i inquiremany borkerage house but they do not allowed.

I had applied two applications each for 560 shares 14 times.
Issue in retail category had been subscrived 13 times.

Whether i will receive minimum 40 shares in both the applications.
Please give comments

When Retail catogary oversubscribed , All application treat as same ,in lottery system ,same change who applied 40 share ,80 share or Etc ,

I have applied 2 applications each of 560 shares(14) times.Issue has been subscribed approximately 13 times.
I want to know whether i will receive 40 shares minimum in both the applications.

No guarantee its all lottery now .. RII is oversubscribed

Hello

When I authorize the UPI mandate , it thrown an technical error and declined
How can I re-initiate this - Whom can help ( Guess Not Zerodha)

Pls advise

Thank you for your detailed reply

But can you say , if its technically failed will BSE be able to re-initiate request ?
Can I approach some support team on raise ticket ?

Hi Karthik,

Ideally, there should be a way but in the real world, it's not available. There is no support available from UPI or the exchange.

The only option available for you is to visit the broker's IPO application, cancel the existing application, and submit a new one.

The broker is the only interface available and with a new breed of online discount brokers, support is not available there too.

Good ipo

Gmp of HMT is 105-110
Gmp of RML is 115-120

O.k.

Good ipo

Good ipo