- Wealth PMS (50L+)
The Mumbai based messaging and voice application programming interface company Route Mobile Ltd. will be launching its initial public offering on 9th September.
Taking a comparable recent transaction involving a smaller peer, Route Mobile's offer looks expensive. It has lower gross margins compared to its global peers on account of its developing market presence. Having said that, it has announced plans to enter the more lucrative US market. Current market conditions and grey market premium suggest an opportunity for listing gains but its viability as a longer term investment remains to be seen . . .