At the price band of Rs345-350, the Route Mobile issue comes priced at a PE of 18.2x-18.5x annualised 1QFY21 EPS. This appears to be reasonable, given the healthy growth being witnessed by the firm, its strong clients relationships across the board including with enterprises, MNOs and OTT operators, diverse client base across industry verticals, good financial track record and highly experienced promoter team. Given the impressive performance in 1QFY21, we believe there is a high probability of the company continuing to record impressive growth. We this recommend a SUBSCRIBE to the issue, with the potential for healthy listing gains. … [Read more...] about Subscribe to Route Mobile: KR Choksey
The woman taking over TikTok at the toughest time Rajnath Singh speaks to ex-Navy officer who was attacked in Mumbai Sonia Gandhi leaves for US for routine medical check-up, to miss first half of Parliament session … [Read more...] about Route Mobile mops up Rs 180 crore from 15 anchor investors ahead of IPO
"We are optimistic on Route Mobile IPO considering its leading position in cloud-communication, OTT segment and MNOs space. With growing internet penetration and business models adopting digital platform with cloud communication services being need of the hour to digital world, we believe investors should tap this opportunity," Prashanth Tapse, AVP Research at Mehta Equities said. … [Read more...] about Route Mobile IPO day 1: Issue fully subscribed, retail investors portion 1.8 times
Work-from-home culture and more usage of mobile applications amid the pandemic have led to a significant increase in the usage of the company’s offerings. In fact, the positive impact is visible in Q1 FY21 financials as well. … [Read more...] about Ideas For Profit | Route Mobile IPO opens to good response; should you participate?
The issue will open on September 18 and close on September 23. The company is looking to raise money to develop software, infra, and strategic acquisition in technology space. It would also use the funds to develop a larger team, acquire assets, and for other issue expenses. … [Read more...] about IPO bonanza: SecMark Consultancy to hit D-Street, third firm to go public this month