Route Mobile Limited Receives Approval From SEBI For Its IPO
Route Mobile Limited is planning to raise approximately Rs. 6,000 million through its IPO. It is looking to raise Rs. 3,500 million by issuing fresh equity capital through the IPO and the issue will also comprise secondary share sale by the promoters to the tune of Rs. 2,500 million. According to sources, the offering will value Route Mobile Limited at around Rs. 25 billion. (According to Market Sources).
Route Mobile is a leading Cloud Communications Platform service provider in India and amongst Top 5 globally. It posted Rs. 4,670 million of revenues for the financial year ended 2017.
Route Mobile is headquartered in Mumbai, India with a global presence in Asia Pacific, Middle East, Africa, Europe and North America.
Its portfolio comprises of smart solutions in Messaging, Voice, Email, SMS Filtering, Analytics and Monetization. Route Mobile empowers businesses by providing comprehensive and tailor-made communication services that enrich customer experience.
They offer a range of cloud communication services to clients across diverse sectors including but not limited to banking and financial services, aviation, retail, e-commerce, logistics, healthcare, hospitality, media and entertainment, pharmaceuticals and telecom.
Their clients include some of the world’s largest and well-known organizations, including a number of Fortune Global 500 companies. Route Mobile has deployed state-of-art data centres across five locations globally which are equipped with requisite failovers and redundancies necessary for maintaining 24x7 operations. The company processes more than 2 billion messages per month.