The Route Mobile Buyback date has been Recorded on August 4, 2023
Route Mobile buyback 2022 was announced on June 28, 2022. The Route Mobile buyback starts on July 11, 2022 and ends on January 10, 2023. The Route Mobile repurchase record date has not been provided because it is an Open Market buyback offer. To be eligible for the buyback, the investor has to purchase Route Mobile shares prior to the record date.
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Record Dates
July 11, 2022
Buyback Price
₹1700 per equity share
Face Value
₹10 per share
Offer Closes On
January 10, 2023
Route Mobile Buyback Price
The Route Mobile Buyback price is ₹1700 per equity share.
IPO Overview
Route Mobile’s board of directors approved a buyback of 120 crore on June 28, 2022. Route Mobile Buyback will be conducted through the stock exchange mechanism via the Open Market route. The company’s board of directors recognised the buyback of its fully paid-up equity shares with a face value of 10 each at a price not exceeding 1,700 per Equity Share and for an aggregate amount not exceeding 120 crores from shareholders. Check out the Route Mobile Buyback 2022 details below, Route Mobile Limited started operations in 2004.
Route Mobile Share Buyback 2023 Details
| Buyback Meeting Date: | June 28, 2022 |
| Buyback Announcement Date: | June 28, 2022 |
| Buyback Record Date: | Open Market |
| Buyback Open Date: | July 11, 2022 |
| Buyback Close Date: | January 10, 2023 |
| Finalization of Buyback Acceptance: | N/A |
Route Mobile Buyback 2022 Offer Details
| Offer Amount: | ₹120 Crores |
| Number of Shares: | 705,882 Equity Shares |
| Face Value: | ₹10 per equity share |
| Buyback Price: | ₹1700 per equity share |
| Listing: | BSE & NSE |
| Buyback Type: | Open Market |
Route Mobile Buyback 2022 Acceptance Ratio
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹155,529 | 38 | ₹14,364 |
| 50% | ₹155,529 | 58 | ₹21,924 |
| 75% | ₹155,529 | 88 | ₹33,264 |
| 100% | ₹155,529 | 117 | ₹44,226 |
Route Mobile Financial Report
| Year | Revenue | Expense | PAT |
| 2020 | ₹- | ₹- | ₹- |
| 2021 | ₹388 | ₹348 | ₹22.33 |
| 2022 | ₹374 | ₹326 | ₹27.76 |
Company Profile
Established in 2004, Route Mobile is a prominent provider of Cloud Communications Platform services, specializing in Communication Platform as a Service (CPaaS) solutions. Serving a diverse clientele including enterprises, over-the-top (OTT) players, and mobile network operators (MNO), Route Mobile offers a comprehensive portfolio of messaging, voice, email, SMS filtering, analytics, and monetization solutions. Among its range of products, Route Mobile offers A2P messaging, 2-way messaging, WhatsApp, Google and Viber business message platforms, truecaller verified business identity solutions, mail2sms solutions, number lookup services, and more.
Registrar Info
| Name | KFin Technologies Limited |
| Phone number | 040-67161500, 67162222, 33211000 |
| Email ID | [email protected] |
| Website | https://www.kfintech.com |
Contact Details
| Name | Route Mobile Buyback Limited |
| Phone number | +91 22 40337676 |
| Email ID | [email protected]; |
| Website | https://www.routemobile.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Route Mobile Buyback FAQs
When is Route Mobile Buyback 2022 Open Date?
Route Mobile buyback 2022 open date is July 11, 2022.
What is Route Mobile Buyback 2022 Price?
The company has fixed the price at ₹1700 per share.
How to apply for Route Mobile Buyback 2022?
As per the record date you need to have Route Mobile shares in your Demat account. You can participate in buyback after having the stock in your account.
