Route Mobile to Open Rs 600 Crore IPO from September 9; Equity Share to Cost Rs 350
On September 2, Route Mobile declared that its Initial Public Offering (IPO) worth Rs.600 crores will be open from September 9. The company stated that its one equity share might cost around Rs.350. The shares are proposed to be listed on BSE and NSE markets. The company plans to use the funds to repay previous loans and other strategic activities including the purchase of offices in Mumbai.