ALPHA TRIBE

ROUTE MOBILE LIMITEDOthers, 31-07-2025: Monitoring Agency Report

31-07-2025 | 03:48 pm

Route Mobile has received its Monitoring Agency Report for the quarter ended June 30, 2025, confirming no deviation in the utilization of its IPO proceeds. From the original IPO size of INR 240 Cr, the company has utilized INR 158.09 Cr as planned for debt repayment, acquisitions, and general corporate purposes. The remaining INR 65 Cr, allocated for purchasing office premises in Mumbai, remains unutilized and is currently invested in fixed deposits, ensuring funds are secured and earning returns. This update reassures stakeholders regarding the company's disciplined financial management of IPO funds.

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