Route Mobile Buyback 2022 announced on 28 June 2022. The Route Mobile buyback to start from 11 July 2022 and closes on 10 Jan 2023. The Company will do Buyback with equity of 7,05,882 Equity Shares around 1.12% of Face Value ₹10/ Each Fully paid off at a Price Of ₹1700/- Per Equity. The size of this Buyback is about ₹120 Crores. And this will be done through a Buyback Open Market.
Route Mobile is a Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). The company product portfolio includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization.The company deliver an entire communication product stack, based on a CPaaS principals, infusing Conversational AI across a broad range of industries including social media companies, banks and financial institutions, e-commerce entities, and travel aggregators.
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The company headquartered in Mumbai and the company presence in more than 15 locations across Asia-Pacific, Middle East, Africa, Europe and North America In 2019. the company was named among the Fastest Growing Companies in Technology and Telecom sector and was 2nd top fastest-growing Indian company in the United Kingdom.
Necessity of the Issue :
- Utilise the available surplus funds, which are in excess of the surplus amount needed to be retained by the company for future growth over a medium term.
- The Buyback would help in improving the return on equity, based on the consumption that the company would earn similar profits as in the past and increasing shareholder value in the long term.
- Update: The company complete the Buyback Share through O/M and closes the issue 29 Aug 2022.
Route Mobile Buyback 2022 Offer Details:
| Event Name | Details |
| Buyback Type | Open Market |
| Buyback Record Date | Open Market |
| Buyback Offer Amount | ₹120 Cr |
| Date of Board Meeting approving the proposal | 28 June 2022 |
| Date of Public Announcement | 28 June 2022 |
| Buyback Offer Size | 1.12% |
| Buyback Number of Shares | 7,05,882 |
| Listing | NSE, BSE |
| Face Value | ₹10/- Rs. |
| Buyback Price | ₹1700/- per share. |
Route Mobile Buyback 2022 Dates :
We have covered all important dates related to “Route Mobile Buyback 2022” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 28 June 2022 |
| Buyback Approval date | 28 June 2022 |
| Public Announcement Date | 28 June 2022 |
| Buyback Record Date | Open Market |
| Buyback Opening Date | 11 July 2022 |
| Buyback Closing Date | 10 Jan 2023 |
Route Mobile Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹2,022 | ₹1,783 | ₹166 |
| 2021 | ₹1,406 | ₹1,231 | ₹133 |
| 2020 | ₹956 | ₹855 | ₹58 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/
Manager of The Buyback :
Edelweiss Financial Services Ltd
14th floor, Express Towers,
Nariman Point,
Mumbai – 400 021, India.
Phone: +91 22 4009 4400
Email: [email protected]
Website: https://www.edelweissfin.com/
Company Address :
Route Mobile Umlted,
4th Dimension, 3rd Floor, MindSpace
Malad (West), Mumbai – 400 064, India
+9122 4033 7676m-99
Fax: +9122 4033 7650
[email protected]
www.routernooite.corn
How to Participate in Route Mobile Ltd buyback?
The Investors are eligible for the buyback scheme who have Route Mobile shares in their Demat account as the Record date is Not Declare as the offer is Open Market. Investors can participate in the Route Mobile Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Route Mobile buyback scheme.
How to apply for Route Mobile buyback zerodha?
You can apply for the buyback, follow the steps below:
- Visit console.zerodha.com.
- Click on the context menu and then Portfolio.
- Click on Corporate actions.
- Click the Buybacks tab, tap on Route Mobile and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Route Mobile buyback on Groww?
You can apply for the buyback, follow the few steps below: This feature not applicable on Groww App only available on Groww Website.
- Visit the official Groww website.
- Search Route Mobile Buyback in the search option.
- You can see Route Mobile buyback result in search option tap on the Route Mobile buyback.
- You will reach the Route Mobile buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Route Mobile buyback on upstox?
You can apply for the buyback, follow the few steps below:
- Login to the Upstox app using your 6-digit PIN or biometrics.
- Click on the Account Section on your right bottom corner (Applicable New upstox app).
- Click ‘Account’, then ‘Corporate actions’ and then Buyback / Delisting/ Takeover.
- Select the Route Mobile stock for buyback.
- Enter the quantity and click on apply.
- If you have submitted your POA, then the buyback will be confirmed.
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Route Mobile Buyback 2022 FAQs:
When is Route Mobile Buyback Announcement Date?
Route Mobile buyback 2022 announcement date is 28 june 2022.
When is Route Mobile Buyback Open Date?
Route Mobile buyback Open date is 11 July 2022.
When is Route Mobile Buyback Close Date?
Route Mobile buyback Close date is 10 Jan 2023.
When is Route Mobile Buyback Record Date?
Route Mobile buyback 2022 Record date is Not Declare as the offer is Open market.
What is Route Mobile Buyback Price?
Route Mobile company has fixed the price at ₹1700 per share.
What is Route Mobile Buyback Offer Size?
Route Mobile company Buyback Offer Size is ₹120 Cr.
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.
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