Advisor to the Offer for Sale by Promoter

Contribution

• Nuvama hand-held the Promoter through the entire process including optimal deal construct, pricing & timing of the issue and positioning the company to investors
• Successfully closed 5^th transaction* for Route Mobile – IPO (2020), QIP (2021), Buyback (2022), Block (2024) and OFS (2024)

Deal Details

• Route Mobile is among the leading Cloud Communications Platform service provider offering Communication Platform as a Service (CPaaS) solutions.
• Offer was made to comply with minimum public shareholding (MPS) norms
• Despite market volatility over past 2 weeks prior to deal launch and correction of ~2%^, the issue witnessed a healthy response from investors – Non-Retail Category was oversubscribed ~1.3x of the offer size

^Movement of Nifty 50 between 2 weeks high and low
*Includes block transaction executed by Nuvama Group