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Route Mobile – What should you do if you’ve missed the IPO?

Even if we assume that valuation expansion is unlikely, there is significant scope for the Route Mobile stock price to move up on the promising growth outlook

September 22, 2020 / 11:34 AM IST
Route Mobile – What should you do if you’ve missed the IPO?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

  Route Mobile Ltd (RML) (CMP: Rs 650, Mcap: Rs 3,695 crore), as expected, made a stellar debut on the bourses with listing gains of over 105 percent. Though it cooled off a bit to close at a price of Rs 650, it is still up 86 percent from the IPO price. The IPO had generated significant interest among investors with an overall subscription of 73.3x — institutional subscription 89.76X, non-institutional 192.81X and retail 12.67x. Naturally, most investors are feeling left...

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