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( As on 04/09/2020 11:20) Route Mobile announces launch of initial public offering

Route Mobile Ltd. has announced public offering of 22457144 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 340.00 per share. The gross proceeds of the issue are expected to be Rs 78,600.00 lakhs.

The company's initial public offer (IPO) will open on 09 September 2020 and is expected to close on 11 September 2020, subject to customary closing conditions. The price band of the issue has been fixed at Rs 345.00-350.00 per share.

The IPO includes a fresh Issue of 22457144 Equity Shares of the Company at an price of Rs 350.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 40 shares with bids in multiples of 40.

Route Mobile Ltd. anticipates using the proceeds of the issue for Repayment or prepayment, in full or part, of certain borrowings of the Company; Acquisitions and other strategic initiatives; Purchase of office premises in Mumbai; and General corporate purposes.

ICICI Securities Ltd,Axis Capital Ltd.,Edelweiss Financial Services Ltd.,IDBI Capital Markets & Securities Limited as lead manager(s) & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.
Attention Investors: (1) Prevent unauthorized transactions in your account --> Update your mobile numbers / Email IDs with your stock brokers . Receive information of your transactions directly from Exchange on your mobile / Email at the end of the day........Issued in the interest of Investors.(2) Prevent Unauthorized Transactions in your demat account -- > Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL/NSDL on the same day.......issued in the interest of investors.
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Attention Investors (Effective from 1st September,2020): (1) Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. (2) Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. (3) Pay 20% upfront margin of the transaction value to trade in cash market segment. (4) Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. (5) Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. .......... Issued in the interest of Investors
Attention Investors for Rights Entitlements: "Purchase of REs only gives buyer the right to participate in the ongoing Rights Issue of the concerned company by making an application with requisite application money or renounce the REs before the issue closes. REs which are neither subscribed by making an application with requisite application money nor renounced, on or before the Issue closing date shall lapse and shall be extinguished after the Issue closing date." Please check your dp account for further details.
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