Route Mobile IPO
(i) Incorporated in 2004 and has headquartered in Mumbai, India, Route Mobile provides a cloud-communication platform as a service (“CPaaS”) to enterprises, over-the-top (“OTT”) players, and mobile network operators (“MNOs”).
(ii) They were ranked second globally as a tier 1 application-to-peer (“A2P”) service provider in 2017. They were also ranked first for ‘value-added services’ provided, the ‘implementation process’, and our ‘uptime performance’ among tier 1 vendors. (Source: ROCCO Report 2017).
(iii) Business Verticals:
a) Enterprise business– Route Mobile enterprise vertical primarily provides a cloud-based communication platform to enterprises to enable digital communication through multiple channels including RCS, A2P / P2A messaging, 2Way Messaging, OTT business messaging, enterprise email and URL shortening, and Mail2SMS.
b) Mobile Operators: Route Mobile main service offerings in this segment include SMS analytics, firewall, filtering, monetization, and CPaaS, and hubbing solutions. The analytics-based SMS firewall solution helps MNOs identify grey route traffic terminating on their networks, block grey route traffic, identify the source of such grey route traffic, and monetize such traffic.
c) BPO Services: They provide a range of BPO services including client support, technical support, booking, and collection services.
a) In the three months ended June 30, 2020, the Route Mobile cloud communications platform has processed more than 6.95 billion billable transactions.
b) In Fiscal 2020, the platform managed more than 30.31 billion billable transactions from the clients and was used by more than 2,700 clients
c) In Fiscal 2019, it managed more than 24.74 billion billable transactions.
d) They have established direct relationships with MNOs that provide clients with global connectivity. As of June 30, 2020, they had direct relationships with over 240 MNOs and four short messaging service centers hosted in various geographies across the globe. They are able to access more than 800 networks across the world, as of June 30, 2020.
The clients include sectors including social media, banking, and financial services, aviation, retail, internet/e-commerce, logistics, healthcare, hospitality, media and entertainment, pharmaceuticals, and telecom.
The revenue from operations was ₹ 504 Crores, ₹ 846 Crores, ₹ 956 Crores, and ₹ 309 Crores in Fiscal 2018, 2019 and 2020, and in the three months ended June 30, 2020, respectively.
80% of revenue comes from exports and 20% from domestic operations.
Objects of the Route Mobile IPO:
Route Mobile IPO Details:
|Open Date:||Sep 09 2020|
|Close Date:||Sep 11 2020|
|Face Value:||₹ 10 Per Equity Share|
|Issue Size:||600 Cr.|
|Lot Size:||40 Shares|
|Issue Price:||₹ 345-350 Per Equity Share|
|Listing Date:||Sep 21 2020|
Promoters And Management:
Financials of Route Mobile IPO:
|Year||Long-Term Debts||Short-Term Debts||Total Debt||NW||Debt/NW||ROE|
Comparison With Peers:
Recommendation on Route Mobile IPO: