The IPO of Route Mobile , a cloud communications service provider, which opened on Wednesday, concluded today and the issue was subscribed over 73 times. Route Mobile offered 1.71 crore shares at a price band of ₹345-350 apiece. The ₹600-crore public offer of Route Mobile received bids for over 89 crore shares as against the total issue size of 1.21 crore shares. According to brokerages, Route Mobile shares are likely to get listed on 21st September. Route Mobile Limited provides cloud-communication platform as a service ("CPaaS") to enterprises, over-the-top ("OTT") players and mobile network operators.

Source: Mint September 11, 2020 12:37 UTC