A total of 25,12,000 fresh shares with a ₹10 nominal value will be issued in the Mobilise App Lab IPO. The total offering is valued at ₹20 crore. Investors can start applying from February 23, 2026. The bidding period concludes on February 25, 2026. The company has planned the allotment of shares on February 26, 2026. The listing is expected on March 2, 2026 on the NSE SME platform.
There are 1,600 shares in each lot, and the price band ranges from ₹75 to ₹80. Bidding for the retail investors starts from 2 lots requiring an investment of ₹2,56,000. The sNII category will have an outlay of ₹3,84,000 for three lots. The bNII participants must bid for at least eight lots with ₹10,24,000.
Mobilise App Lab IPO Details
An overview of the important details related to this IPO is provided below:
| Particulars | Details |
| Bidding Opens | February 23, 2026 |
| Bidding Closes | February 25, 2026 |
| Issue Type | Bookbuilding |
| Lot Size | 1,600 shares |
| Face value | ₹10 per share |
| Price Band | ₹75 to ₹80 |
| Listing at | NSE SME |
| Fresh Issue | 25,12,000 shares (₹20 crore) |
| Total Issue | 25,12,000 shares (₹20 crore) |
| Minimum Investment | ₹2,56,000 |
Mobilise App Lab IPO Timeline
The issue will run as per the given key dates:
| Particulars | Details |
| Bidding Opens | February 23, 2026 |
| Bidding Closes | February 25, 2026 |
| Allotment Expected | February 26, 2026 |
| Refund Initiation | February 27, 2026 |
| Share Credit to Demat | February 27, 2026 |
| Listing Scheduled | March 2, 2026 |
Mobilise App Lab Key Performance Indicator
The KPIs of Mobilise App Lab are provided in the following table:
| KPIs | FY 2023 | FY 2024 | FY 2025 |
| ROE (%) | 109.92 | 79.63 | |
| ROCE (%) | 114.43 | 106.41 | 75.40 |
| Debt Equity | 0.02 | 0.01 | |
| RoNW (%) | 85.32 | 86.70 | 57.05 |
| PAT Margin (%) | 25.37 | 25.72 | 29.20 |
| EBITDA margin (%) | 33.16 | 36.35 | 42.90 |
| Price Book Value | – | – | 1.94 |
Mobilise App Lab Financials
An overview of Mobilise App Lab’s key financial figures is provided below:
| Particulars (in ₹ lakh) | 2023 | 2024 | 2025 |
| Revenue | 712.19 | 1,213.34 | 1,623.61 |
| Total Assets | 338.56 | 650.04 | 1,191.83 |
| Profit | 176.19 | 310.05 | 471.33 |
Subscription Status of the Mobilise App Lab IPO
The Mobilise App Lab IPO’s bidding window is yet to open. When the subscription starts on February 23, 2026, the updated details will be made available. Investors can submit their bids from 10:00 a.m. to 5:00 p.m. on all days of the issue.
Mobilise App Lab IPO Grey Market Premium Today
The grey market data shows that the Mobilise App Lab IPO is trading at a ₹7 premium. The GMP has been swinging for the last three days, rising up to ₹13 then falling to ₹7. At the current price level, the issue will list at ₹87, with listing gains of 8.75%.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 19-02-2026 | ₹7 | ₹87 | 8.75% | Decreasing |
| 18-02-2026 | ₹13 | ₹93 | 16.25% | Neutral |
| 17-02-2026 | ₹13 | ₹93 | 16.25% | Increasing |
Note: The GMP numbers are sourced from the informal markets, and they can change as per the market demand, sentiment, and subscription trends.
Mobilise App Lab IPO Reservation
The shares reservation as per the investor categories is given below:
| Investor Category | Reservation |
| Market Maker Shares | 1,26,400 (5.03%) |
| QIB Shares | 11,90,400 (47.39%) |
| NII (HNI) Shares | 3,60,000 (14.33%) |
| Retail Shares | 8,35,200 (33.25%) |
| Total Shares Offered | 25,12,000 (100.00%) |
Lot Size of the Mobilise App Lab IPO
Investors have to submit their applications as per the given lot sizes:
| Investor Type | Lots | Shares | Amount |
| Individual Investors (Minimum) | 2 | 3,200 | ₹2,56,000 |
| Individual Investors (Maximum) | 2 | 3,200 | ₹2,56,000 |
| S-HNI (Minimum) | 3 | 4,800 | ₹3,84,000 |
| S-HNI (Maximum) | 7 | 11,200 | ₹8,96,000 |
| B-HNI (Minimum) | 8 | 12,800 | ₹10,24,000 |
Details of Anchor Investors in the Mobilise App Lab IPO
The anchor investors’ details are provided in the table below:
| Particulars | Details |
| Anchor Bidding Date | February 20, 2026 |
| Shares Offered | 7,13,600 |
| Portion Size | 60% of the QIB |
| 30 Days Lock-in for 50% shares | March 28, 2026 |
| 90 Days Lock-in for remaining shares | May 27, 2026 |
Mobilise App Lab IPO Prospectus
If you want to dive deeper into the IPO, the given documents can be helpful.
About Mobilise App Lab
Mobilise App Lab was established in 2013. It provides a range of IT services and products that simplify and make managing business operations easier. The managing director, Mr. Ashish Sharma, leads the company. He is also a promoter along with Dr. Manish Sharma and Mrs. Smriti Sharma.
The company operates a diversified and qualified team of full-stack developers, solution engineers, and product architects. Its product portfolio includes human resource management systems (HRMS), AI studio, Enterprise Resource Planning (ERP), and IoT applications. The industry peers are IRIS Business Services and Unicommerce eSolutions.
| Issue Registrar | Bigshare Services Pvt. Ltd. |
| Lead Manager | Corporate Capital ventures Pvt. Ltd. |
Objectives of the Mobilise App Lab IPO
The issue proceeds will be allocated to support these objectives:
| S. No. | Particulars | Amount (in ₹ lakh) |
| 1. | Building products by hiring new talent | 554.43 |
| 2. | Marketing and business expansion | 303.28 |
| 3. | Funding for infrastructure | 547.47 |
Strength Of Mobilise App Lab
These core strengths have been a key factor behind Mobilise App Lab’s success:
- Customised Solutions: The company provides powerful and effective SaaS-based solutions that can be tailored as per the client’s needs and operations, offering them a high level of personalisation.
- Experienced Leadership: The company’s promoted and management team have expertise in digital transformation and enterprise software. It helps in anticipating market needs and delivering innovative solutions.
- Client Partnerships: Mobilise App Lab has built a foundation of trust through long-term service agreements with its clients, which drives consistent revenue and new cross-selling opportunities.
- High-Level Security & Quality: The company follows strict standards to ensure data safety and privacy. Through rigorous testing, it delivers reliable software solutions.
Risk of Mobilise App Lab
You consider the risks of Mobilise App Lab before making an investment decision:
- Reliance on Key Software: The HRevO software accounts for the majority of the firm’s earnings. If clients stop using it or demand shifts, the revenue will go down.
- Staff Retention: The business operations are dependent on qualified and skilled employees. High attrition rate or rising salary demand can increase costs and cause project execution delays.
- Leased Premises: The workspace is on a leased basis. Failure to renew or drastic changes can lead to significant relocation costs and disruptions in the daily operations.
- Cyber Security Threats: Cyber attacks are a common problem in the IT industry. The business is exposed to hacking, data theft, and system breaches. Any such cases will cause legal trouble, fines, and loss of trust.
Mobilise App Lab IPO Review
Mobilise App Lab’s IPO offers exposure to the growing SaaS and enterprise software space. The company benefits from experienced leadership, revenue growth, and strong client relationships. The GMP of ₹7 points towards moderate market interest. But staff retention issues and revenue concentration remain key risks of the company. The IPO may suit investors comfortable with SME volatility and have an understanding of the tech sector dynamics.
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Mobilise App Lab IPO FAQ‘s
The Mobilise App Lab IPO is a book-built SME issue worth ₹20 crore. It is an entirely fresh issue of 25,12,000 shares.
You can apply through online trading platforms or via a stockbroker. Submit your application when the subscription window is active and make the payment using either the ASBA facility or UPI.
The Mobilise App Lab IPO shows strong fundamentals, steady income, and good market presence, but it comes with issues like revenue concentration and workforce retention. Investors must carefully analyse the IPO before placing their bids.
Currently, the Mobilise App Lab IPO is trading at ₹7. At this price level, the issue is likely to list at ₹87, with 8.75% listing gains.
The subscription window opens on February 23, 2026, and will remain open until February 25, 2026.
The lot size is 1,600 shares. You have to place a bid for at least two lots (3,200 shares) amounting to ₹2,56,000.
The allotment of shares is expected to be finalised on February 26, 2026.
The shares are scheduled to list on the NSE SME platform on March 2, 2026.
