Route Mobile Limited – Completes Anchor Allotment

Route Mobile Limited which is tapping the capital markets with its fresh issue of Rs 240 crs and an offer for sale of Rs 360 crs completed its allocation to anchor investors. The price band of the issue is Rs 345-350. The issue is opening on Wednesday the 9th of September and closing on Friday the 11th of September.

The company allotted 51,42,856 equity shares to 15 investors comprising of 23 entities. The highest allotment of 3,94,890 shares or 7.68% of the anchor portion was made to 6 investors or entities. These comprised names such as Franklin, Goldman Sachs, SBI Life Insurance, Kuwait Investment Authority, Vantage Equity Fund and Axis Mutual Fund.

The full list of anchor investment and the number of shares allotted is given below.

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