Route Mobile Limited has released its Monitoring Agency Report for the quarter ended March 31, 2026. As of this date, the company has successfully utilized INR 1,580.91 million of its IPO proceeds. The report confirms that there are no deviations from the objects stated in the offer document, with the balance of the net proceeds currently held in bank deposits to support ongoing corporate requirements.
Financial Highlights and Fund Utilization
Route Mobile Limited raised a total of INR 2,400 million through its initial public offering. After accounting for offer expenses of INR 169.09 million, the net proceeds available to the company amounted to INR 2,230.91 million. As of the end of the fourth quarter of the 2025-26 financial year, the company has deployed a total of INR 1,580.91 million toward its strategic objectives.
Breakdown of Expenditure
The company has maintained disciplined fiscal management regarding its IPO funds. The expenditure highlights include:
- Repayment of Borrowings: The full allocated amount of INR 365 million has been utilized to settle loans with HDFC Bank and Kotak Bank.
- Acquisitions and Strategic Initiatives: The entire allocation of INR 830 million has been deployed to support various acquisitions, including TeleDNA Communications, 365squared Ltd, Sarv Webs, and Mr. Messaging FZE.
- General Corporate Purposes: An amount of INR 385.91 million has been fully utilized as planned.
Status of Unutilized Proceeds
As of March 31, 2026, a balance of INR 650 million remains unutilized, which is earmarked for the purchase of office premises in Mumbai. This amount is currently deployed in various fixed deposits with Axis Bank and HDFC Bank, yielding returns to ensure the capital remains productive while awaiting deployment.
Operational Compliance
The monitoring report provides a clean assessment, confirming that no deviations exist regarding the objects of the issue or the usage of funds. All arrangements for technical assistance and strategic collaborations remain fully operational, with the Board of Directors affirming that there have been no changes in the means of financing for the disclosed project objects.
Source: BSE
