Route Mobile, which provides cloud-communication platform as a service to enterprises, was trading at more than 60 percent premium in the grey market over the … Route Mobile has set an issue price band of ₹345-350 per share, and it is already gaining attraction in the grey market. Download The Economic Times News App to get Daily Market Updates & Live Business News. The issue is priced at ₹345 to ₹350 per equity share. Retail investors willing to invest in Buger King IPO can buy a lot of 250 shares and a maximum of 3,250 shares. For reprint rights: Burger King grey market premium surges 56% ahead of IPO, Equitas SFB IPO has good ratings, but grey market premium is tepid, Sensex's 812-point fall hits grey market premiums of three IPOs, Chemcon enjoys 75% grey market premium, CAMS 28%, Angel 16%, Burger King’s grey market premium at 75%: Check IPO allotment status here, Grey market premium of Happiest Minds shoots up 75% ahead of IPO, Inciting hatred against a certain community, 15 Where did Rajeev Thakkar invest in last 6-8 mths? IPO Guru. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. What lies ahead post Majesco’s dividend? Let's reshape it today, Hunt for the brightest engineers in India. Route Mobile was trading with a premium of more than Rs 200 per share in the grey market against final IPO price. For reprint rights: Agri Minister writes 8-page letter to farmers. Farmers must ensure that protests are not hijacked: Agriculture Minister in 8-page ... WFH is unlikely to raise women’s participation in labour force. At the upper limit of this grey market premium (GMP), it would mean a 89 per cent listing pop for Route Mobile. 9000 ( less trades) For Past trend ,See Page bottom box Apply : The company has novel business and with its past track The grey market - or, the illegal premium market for initial public offerings (IPOs) was back after almost a decade. Route Mobile IPO is a public issue of 12173912 equity shares. A bunch of firms -- ranging from a drugmaker to a jeweler -- will likely test investor demand over the next few months, helping revive fundraising through first-time sales from the lowest in four years. IPO Grey Market is the over-the-counter market where deals are done in-person only among the trusted group of investors. Negative share price! As the listing day drew closer, the stock’s trading premium to the issue price shrank. The minimum order quantity is 40 Shares. Route Mobile 600 crore IPO opens tomorrow. Route Mobile appears set for a strong listing on Monday as its grey market premium is around Rs 300 over its IPO price of Rs 350. From Happy to Euphoric: Surprise 151x IPO bids lift Happiest Minds' grey market premium to 80%, Rs 58,300 crore bet in Happiest Minds IPO: Guess, who is likely to make the most of it, Route Mobile's Rs 600-crore IPO subscribed 4.15 times on day 2, Secret behind 60% of digital transactions revealed. Route Mobile share price was trading at a premium of Rs 160-190 per share over the expected final issue price of Rs 350 per share in the grey market, citing stellar response to … Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Mirae Asset Emerging Bluechip Fund Direct-Growth, Indo-China tensions pull back grey market premium of Route Mobile. List your Business on Economic Times for Free and reach out to millions of users. The company is going to raise around ₹600 crores as the price band is fixed at 345-350 with market lot of 40 shares. The Vadodara-based company plans to raise Rs 318 crore, out of which it already raised Rs 95.40 crore through allotment of 28.06 lakh shares to anchor investors at Rs 340 per share last week. Route Mobile IPO Listing Date, Listing Price, BSE Code, NSE Code, ISIN Number & Other Details. Route Mobile, a cloud communication service provider, has fixed a price band of 345-350 per share for its 600-crore initial public offering (IPO) that will open on […] Read More Grey Market Price Posted on September 3, 2020 September 10, 2020 Stocks rally to revive IPOs from worst year since 2016 16 Sep, 2020, 10.03 AM IST When China battles the world’s biggest coal exporter, coal loses. Posted on. Why follow tips? HNIs are allotted shares on a proportionate basis in an IPO. It is our responsibility to clear all your doubts. Follow link for open Demat & Trading account in Zerodha online. 315 Allotted Applications : Rs. Route mobile IPO Price is coming, get latest news on Route Mobile IPO Grey Market Premium. Grey Market News of Route Mobile Ltd# On 21 Sept 2020 GMP Rs. Route Mobile IPO Details IPO Date Sep 9, 2020 - Sep 11, 2020 Issue Type Book Built Issue IPO Issue Size 1,71,42,857 Eq Shares of Rs 10 (aggregating up … Priced in the range of INR345 – 350 per share, Route Mobile might be a better choice for retail investors as a result of higher share allocation for retail investors. The grey market premium currently suggest s an … In this market, an investor could sell IPO share or IPO application before the company gets listed on the stock exchange. Days Trial Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Route Mobile IPO is a main-board IPO of 17,391,303 equity shares of the face value of ₹10 aggregating up to ₹600.00 Crores. The Rs 810 crore offer would comprise of Rs 450 crore of fresh issue and offer for sale of up to 6 crore equity shares by promoter QSR Asia and would be sold in Rs 59-60 price range. Route Mobile appears set for a strong listing on Monday as its grey market premium is around Rs 300 over its IPO price of Rs 350. The IPO by cloud communications service provider includes a fresh issue of Rs 240 crore and offer for sale (OFS) of up to Rs 360 crore. IPO Guru tells you about Upcoming IPO in 2020 in India. India may need to spend $1.8 billion on COVID-19 vaccines in first phase, documents show, Join us in CXO Round Table Series on Project Management, Coronavirus risks a lost generation in India as digital divide widens, Yes Bank could face significant asset quality stress in coming quarters: Macquarie, Travel insurance - Everything that you must know, Will hold protest outside Ambani corporate house: Raju Shetti, Bitcoin breaks above $20,000 for first time. The omni-channel cloud communication service provider plans to raise up to Rs 240 crores by issuing fresh equity and up to Rs 360 crore through an … Tomorrow is different. The issue offers 6086957 shares to retail individual investors, 3478259 shares to qualified institutional buyers, 2608696 share to non-institutional investors. However, dealers of unofficial markets turned cautious as volatility increased in the secondary market amid geopolitical tensions. September 5, 2020. Defence Ministry approves acquisition of military hardware worth Rs 28,000 crore, Jobs, lower taxes: Consumer coms' Budget demand, French Prez Macron tests positive for Covid-19, India wants a V-shaped recovery at any cost, the pressure now is on Shaktikanta Das, ICICI Prudential Bluechip Fund Direct-Growth, SC backs negotiations with farmers; govt says talking but their yes or no approach not helping, Bharat Electronics | BUY | Target Price: Rs 165-170. It means the stock of the company that came up with the IPO bought and sold outside the stock market. Karnataka labour department says workers' rights violated at Wistron factory, UltraTech Cement | BUY | Target Price: Rs 5,310-5,320, A multivitamin tops drug sales for the first time in October, overtakes diabetes drugs. September 22, 2020 Author. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Route Mobile Ltd is entering in the capital market with an IPO of [.] Bengaluru-based TeleDNA specialises in the development of telecom-related solutions like MMSC (Multimedia Messaging Service Center), SMSC (Short Message Service Center) platforms, SMS HUB and SMS firewall. Your Reason has been Reported to the admin. The price for the issue has been set at Rs - Rs Per Equity Share. Choose your winners rationally in 3 simple steps! CAMS, a registrar and transfer agent, is being seen as a fintech play, supported by a buoyant stock market, improved retail participation and ample liquidity as … The stock commanded a premium of Rs 90, or over 60 per cent, over the issue price of Rs 145 on Thursday. Grey market premium for shares of Route Mobile dropped as the IPO entered the second day of subscription on Thursday. Analysts are positive on the issue and believe the IPO can offer listing pop as well as long-term gains. Agree? It means if the issue is subscribed 100 times in the non-institutional investor (NII) category, then an HNI bidding for 100 shares will be allotted just one. In an exclusive chat with Business Insider, Non-Executive Director Sandip Gupta and the Chief Strategy Officer … After its death almost 10 years ago, the the grey market was reborn in August, 2004 with The grey market witnessed a frenzy ahead of the stake sale with the premium reaching Rs 175-180 a share on Monday evening. Abhay Doshi, an independent dealer in unlisted shares, said the stock was commanding a 2-3 per cent premium over the IPO price in the unlisted market. Close Related stories TVS Group begins the … Choose your reason below and click on the Report button. The Grey Market Premium (GMP) price of Route Mobile Ltd IPO is Rs.125 - 130. Route Mobile appears set for a strong listing on Monday as its grey market premium is around Rs 300 over its IPO price of Rs 350. Let's reshape it today, Hunt for the brightest engineers in India. Equity Shares of Rs 10 aggregating up to Rs 600.00 Crore. Route Mobile IPO GMP (Grey Market Premium) Trend Registrar of Route Mobile IPO KFin Technologies Private Limited Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda, Hyderabad – 500 032, Telangana Route Mobile, a cloud communication service provider, has fixed a price band of 345-350 per share for its 600-crore initial public offering (IPO) that will open on […] Read More Grey Market Premium Posted on September 3, 2020 September 22, 2020 In the Happiest Minds IPO, the qualified institutional buyers’ (QIB) portion was subscribed 77 times while the non-institutional investors (NII) or high networth investors’ quota got subscribed 351 times. The IPO opens on Sep 9, 2020, and closes on Sep 11, 2020. Route Mobile IPO subscription will be the key for the IPO to list with good premium. The Rs 600 crore Route Mobile IPO … What is IPO Grey Market? 15 How much Listing Gain you can expect in this IPO? Unlisted shares of Mazagon are fast losing steam in the grey market. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. The Kostak price of Route Mobile Ltd IPO is Rs.450. Route Mobile IPO Grey Market Price Today. The grey market is a term people use in the IPO market. Webinar - GDP@7.6%: Fudged numbers or we are really growing? This will alert our moderators to take action. Dinesh Gupta of Unlisted Zone shared the matrix of Happiest Minds and Route IPOs to suggest how HNIs take IPO decisions based on their assumptions: At present, grey market premium of Route Mobile shares stands at Rs 194-197 a share and that of Happiest Minds at Rs 142-146 a share, said Dinesh Gupta of Unlisted Zone. Tomorrow is different. The deals are usually facilitated by the broker in neighborhood. Get IPO news, IPO dates, allotment status, listing details & IPO grey market premium updates. The grey market is unofficial but to get the fixed gain of the stock one can buy or sell its IPO application. Let’s check out the latest Route Mobile IPO GMP (Grey Market Premium), Kostak rates and Subject to Sauda rates here. Route Mobile, a cloud communication service provider, has fixed a price band of ₹345-350 per share for its ₹600-crore initial public offering (IPO) that will open on September 9. Likhitha Infrastructure IPO GMP Rates day by day with Kotak rates. Analysts said a strong debut for Route, which had been subscribed 73.3 times, would set IPO market on fire. As per the current speculations the GMP is going down from the high of 225 to 190 and it might further slip as the subscription from QIB and HNI not support but still we are very much positive that the IPO … Days Trial. Post Burger King and Mrs Bectors stellar response, should investors bet big on QSRs? A total traded quantity of 10.31 lakh shares changed hands on BSE amounting to … IPO Listed at 717 on NSE and at 708 on BSE. The Gland Pharma IPO, India’s largest from the pharmaceutical sector, comprises a fresh issue aggregating up to Rs 1,250 crore and an offer for sale of up to 3.49 crore shares. On Monday, two offerings by CAMS (Rs 2,242 crore) and Chemcon Speciality Chemicals (Rs 318 crore) will hit the market. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Route Mobile’s total market cap rose to 3,980 crore at 10:05 am. Route Mobile IPO GMP Today, Route Mobile IPO Grey Market Premium Updates Vijay Prajapati September 03, 2020 Route Mobile IPO is going to hit the market on 09 September 2020 and closes on 11 September 2020. What is the Kostak price of Route Mobile Ltd IPO? Market, an investor could sell IPO share or IPO application +Includes DocuBay and TimesPrime worth... 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