Route Mobile IPO: How to check share allotment status on BSE, registrar websites

Investors who’ve positioned bids for the Route Mobile IPO can check the allotment status on KFin Technologies web site

The Rs 600-crore Route Mobile IPO acquired an excellent response, subscribing over 74 occasions on the ultimate day of the bidding. The cloud communications service supplier, which was open for subscription from September Sept. 11, within the worth band of Rs 345-350, acquired bids for over 89 crore shares as in opposition to the entire subject measurement of 1.21 crore shares. The firm is predicted to finalise the premise of allotment right this moment. According to the info on the stock exchanges, Qualified institutional patrons (QIBs) class was subscribed 91 occasions, whereas non-institutional buyers (NIIs) subscribed their portion 195.61 occasions. The retail particular person buyers (RIIs) garnered 12.85 occasions subscription. The Mumbai-headquartered firm already amassed Rs 180 crore from anchor 15 buyers earlier than the difficulty opened for subscription. The IPO included a contemporary subject of Rs 240 crore and provide on the market (OFS) of up to Rs 360 crore.

Check Route Mobile IPO allotment status by way of KFin Technologies, BSE websites

KFin Technologies Private Limited is the registrar of the Route Mobile IPO. The registrar is a SEBI-registered entity liable for the IPO allotment and refund processing. Investors who’ve positioned bids for the Route Mobile IPO can check the allotment status on KFin Technologies web site beneath ‘IPO Status’ part ( when it will get declared. After that choose the IPO and enter both your software quantity or DPID/Client ID or PAN. In the final step, enter the given captcha and click on submit.

Investors also can check the status of the allotment on the BSE web site ( Investors can have to choose ‘equity’, after which the difficulty identify as ‘Route Mobile Ltd’ from the drop-down record. After that enter software quantity and PAN (everlasting account quantity). In the final step, click on on the search tab to view the status particulars.

The guide working lead managers of this subject are ICICI Securities, Axis Capital, Edelweiss Financial Services and IDBI Capital Markets and Securities Ltd. The proceeds from OFS will go to the promoting shareholders, whereas the quantity acquired from the sale of contemporary subject shall be utilised for compensation or prepayment of sure borrowings of the corporate, acquisitions and different strategic initiatives, buy of workplace premises in Mumbai and normal company functions. The firm is among the many main cloud-communication platforms as a service (CPaaS) to enterprises, over-the-top (OTT) gamers and cell community operators (MNOs).

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