The Mobilise App Lab Limited IPO opened for subscription on Monday, February 23, and will remain open until February 25.
The company has fixed the price band at ₹75 to ₹80 per share, with a face value of ₹10 per share.
Investors must apply for a minimum lot of 1,600 shares, and any additional bids must also be made in multiples of 1,600 shares.
This IPO is being launched through the book-building process, and the total issue size is around ₹20.10 crore, consisting of 25 lakh fresh shares.
Subscription Status and Allotment Timeline
By the second day, the IPO had been subscribed 2.48 times overall:
Retail category: 2.70 times subscribed
NII (Non-Institutional Investors): 5.23 times subscribed
The company received bids for 41,40,800 shares compared to 16,72,000 shares on offer.
Important dates to note:
Share allotment finalization: February 26
Shares credited to demat accounts: February 27
Listing date: March 2 on the NSE SME Platform
Gray Market Premium (GMP) Update
The IPO is also seeing activity in the gray market.
Currently, the GMP is reported at ₹16.
If we take the upper price band of ₹80 as the base price,
The estimated listing price could be around ₹96,
This indicates a potential premium of nearly 20%.
In recent sessions, GMP has moved between ₹0 and ₹16, suggesting positive listing expectations.
However, investors should always consider market risks and conditions before investing.
Company Business Overview
Founded in 2012, Mobilise App Lab Limited operates in the IT solutions and digital transformation sector.
The company offers:
Enterprise solutions
Asset management systems
HRMS (Human Resource Management Systems)
Supply chain management solutions
ERP solutions for schools and universities
Its portfolio also includes:
Single Sign-On (SSO) solutions
AI Studio services
IoT-based solutions
The company says its cloud-based platforms help businesses improve efficiency and strengthen automation.
Financial Performance
The company has shown strong financial growth in FY25:
Profit After Tax (PAT) increased by 52%, rising to ₹4.71 crore from ₹3.1 crore last year.
Revenue from operations grew 33.8%, reaching ₹16.14 crore, compared to ₹12.06 crore in FY24.
Due to this strong growth in both revenue and profitability, investor interest in the IPO has increased significantly.
