Book Running Lead Manager to the QIP of Route Mobile Limited

Qualified Institutional Placement

Service

December 2021

Date

Technology & Digital

Sector

INR 8,675 MN

Deal Value

Book Running Lead Manager to the QIP of Route Mobile Limited

Deal Highlights:

  • Edelweiss successfully closed the 2nd transaction for Route Mobile in last 14 months, demonstrating our philosophy of “Invested in YOU”
    • Nov 21 – QIP (₹ 8,675 mn)
    • Sep 20 – IPO (₹ 6,000 mn)
  • The QIP received an overwhelming response from marquee FIIs, Mutual Funds, Insurance Company – a testimony to Route Mobile’s ability to emerge as a leading global CPaaS player
  • Robust Investor Demand Mobilization – Book was oversubscribed multiple times and was allocated ~90% to FIIs and ~10% to DIIs
  • Deal was launched within ~6 weeks from kick off

Our Contribution:

  • We led the positioning efforts of the Company and helped garner strong interest from investors
  • Garnered participation from a diverse investor set including Marquee ‘Long Only’ FII and an Insurance Company (only Insurance Company to participate)