Tag: Route Mobile

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Route Mobile Wins 2 Gold at the 2021 Juniper Awards for CPaaS Provider of the Year and Best SMS Firewall

Feb 8, 2021 by Rekha Nair 0 Comments #Juniper Research, #Lead Analyst, #Managing Director and Group CEO, #Rajdipkumar Gupta, #Route Mobile, #Sam Barker

Chennai: Route Mobile Limited (“Route Mobile”), one of the leading cloud communication platform service providers to enterprises, over-the-top (“OTT”) players, and mobile network operators, won 2 Gold Awards across categories at the 2021 Juniper Awards. for Telco Innovation. The award honours leading players in the Enterprise Telecommunications, Network Security, and Anti-Fraud Markets.

Route Mobile won the Gold CPaaS Provider of the Year Award in the Enterprise Telco Innovation Category and another Gold Best SMS Firewall Award in the Security & Fraud Innovation Category.

Rajdip kumar Gupta, Managing Director and Group CEO, Route Mobile said, “We’re thrilled to win Gold in these 2 categories at the Juniper Awards – which are purely focused on Telco Innovation. It is a testament of our market leadership in the CPaaS ecosystem.” He further added, “We will continue to focus on cutting-edge products & solutions by strengthening our R&D to ensure innovative and disruptive communication solutions so businesses can adapt and connect effectively with their customers.”

Sam Barker, Lead Analyst, Juniper Research said, “Route Mobile have won 2 Gold Awards at Juniper Research for its continued innovation in the communications space, providing high-level traffic management services to enterprises and enabling them to send messages globally over its CPaaS Platform. It’s strong offering of SMS filtering, analytics and monetisation also provides enterprises’ with the tools needed to maximise their return on investment into messaging through revenue assurance and fraud protection.”

Business World

Route Mobile Subscribed 4.21 Times on Day 2 Retail investors portion 6.81 times

Sep 11, 2020 by Gouri Achary 0 Comments #Retail investors, #Route Mobile

Cloud communication platform provider, Route Mobile’s Rs. 600 crore initial public offer (IPO) was subscribed 4.21 times on the second day of bidding, i.e. September 10. The IPO received bids for 5.05 crore equity shares as against the offered size of over 1.21 crore shares, as per data available on the stock exchanges. The public offer will close on Friday i.e. September 11, 2020.

The retail investor’s portion, which was fully subscribed on the first day itself, received a total subscription of 6.81 times. The non-institutional investor’s segment attracted bids to the extent of 2.07 times and the portion set aside for qualified institutional buyers was subscribed 1.27 times. Route Mobile has fixed the price band at Rs. 345-350 per share.

The public offering will comprise a fresh issue of up to Rs. 240 crore and offer for sale (OFS) of Rs. 360 crore. A retail investor can bid for a minimum one lot of 40 shares and in multiples of 40 shares thereafter, to a maximum of 14 lots. The shares will be listed on both, BSE and the NSE.

Ahead of the IPO, Route Mobile had raised Rs 180 crore from anchor investors, including Franklin Templeton Mutual Fund, Goldman Sachs, SBI Life Insurance, Kuwait Investment Authority and Axis Mutual Fund.

Route Mobile will utilise the proceeds of the fresh issue to repay existing debt, make acquisitions and purchase office premises in Mumbai, and for general corporate purposes.

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