Mobilise App Lab was incorporated on April 04, 2013. The company is an Indian SaaS-based IT solutions provider offering digital platforms to streamline enterprise operations. It began with EduPro ERP, designed to help educational institutions manage admissions, attendance, fees, examinations, transportation, and academics
| Bidding Dates |
|---|
| 23 Feb 2026 - 25 Feb 2026 |
| Subscription |
|---|
| 93.11x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,40,000 | 2 | 2 | 1600 | 2.5 M | ₹75 - ₹80 | 70.65 % | ₹188.4 M - ₹201.0 M | RHP DOC |
Mobilise App Lab IPO SUBSCRIPTION STATUS
25 Feb '26Mobilise App Lab IPO overall subscription rate was 93.11 times the total available shares
Mobilise App Lab IPO retail subscription rate was 128.08 times in the retail segment
Mobilise App Lab IPO non-institutional investor subscription rate was 234.97 times in the non-institutional investor category
Mobilise App Lab IPO Qualified Institutional Bidder subscription rate was 26.07 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
25 Feb 2026 (Day 3) | 128.08x | 234.97x | 26.07x |
24 Feb 2026 (Day 2) | 22.51x | 27.15x | 0.34x |
23 Feb 2026 (Day 1) | 6.29x | 9.83x | 0.01x |
Mobilise App Lab FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 13.2 | 4.0 | 3.8 | 0.7 | 48.3% |
| FY25 | 16.1 | 4.7 | 4.1 | 1.0 | 42.9% |
| FY24 | 12.1 | 3.1 | 4.5 | 2.7 | 36.4% |
| FY23 | 6.9 | 1.8 | 1.1 | 0.4 | 33.2% |
Mobilise App Lab IPO SUBSCRIPTION STATUS DETAILS
Mobilise App Lab had 2.5 M shares on offer
Mobilise App Lab IPO offer price was in the range ₹75 - ₹80
Mobilise App Lab IPO minimum Investment was ₹240000
Mobilise App Lab IPO issue size was ₹ 188.4 M - ₹ 201.0 M
Mobilise App Lab had a minimum lot size of 1600 Shares per application
Mobilise App Lab NUMBER OF SHARES ON OFFER
Mobilise App Lab IPO IMPORTANT DATES
| Issue Open Date | 23 Feb 2026 |
| Issue close Date | 25 Feb 2026 |
| Allotment Date | 26 Feb 2026 |
| Refund Date | 27 Feb 2026 |
| Demat Account Credit Date | 27 Feb 2026 |
| Listing Date | 02 Mar 2026 |
| Listing on Exchange(s) | NSE |
| Mobilise App Lab Allotment Status | Exchange/ Registrar |
Mobilise App Lab IPO subscription opened on 23 Feb 2026, and closed on 25 Feb 2026
IPO allotment for Mobilise App Lab was finalized on Thursday, 26 Feb 2026
IPO listing for Mobilise App Lab was on NSE on Monday, 02 Mar 2026
Mobilise App Lab IPO LISTING GAINS
| Issue Price (adjusted) | 80.0 |
| Listing Open Price | 64.1 |
| Listing Close Price | 67.3 |
| Listing Gain% | -19.9% |
| Current Gain% | 44.9% |
Mobilise App Lab Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mobilise App Lab Ltd. | 115.9 | 110.2 | 19.7 | 1.1 | 5.9 | 18.8 | 17.1 | 18.8 | 15.9 | 5.6 | 18.6 | 5.9 | 18.6 |
| Tata Technologies Ltd. | 872.8 | 35440.2 | 63.6 | -3.4 | 6 | 13.9 | 6.1 | 5680.1 | 7.3 | 546.6 | -19.3 | 13.7 | -18.7 |
| RateGain Travel Technologies Ltd. | 949.2 | 11243.9 | 46.4 | 3.1 | 4.8 | 9.7 | 5.5 | 1884.9 | 63.5 | 194.4 | -7 | 20.5 | 15.1 |
| Intellect Design Arena Ltd. | 721.4 | 10118.1 | 28.7 | 463.8 | 3.2 | 10.9 | 7.5 | 3160.8 | 22.7 | 345.4 | 3.8 | 25.2 | 0.1 |
| Capillary Technologies India Ltd. | 560.6 | 4461.3 | 106 | 5.5 | 5.1 | 4 | 748.3 | 22.3 | 52.4 | 294.5 | 5.3 | ||
| Aurionpro Solutions Ltd. | 727.2 | 4018.9 | 19.7 | 3.9 | 2.8 | 12 | 9 | 1440.4 | 20.7 | 209.3 | 12.4 | 36.9 | 5.1 |
Mobilise App Lab INFORMATION ON IPO ISSUE
About Mobilise App Lab
Mobilise App Lab was incorporated on April 04, 2013. The company is an Indian SaaS-based IT solutions provider offering digital platforms to streamline enterprise operations. It began with EduPro ERP, designed to help educational institutions manage admissions, attendance, fees, examinations, transportation, and academics
Object of the Issue
- Funding requirement in product development through talent hiring for the company
- Funding requirement toward business development and marketing activities aimed at driving the organization’s expansion across domestic markets
- Funding towards the infrastructure of the company
- General corporate purposes
Mobilise App Lab - PROMOTERS
| Name |
|---|
| Ashish Sharma |
| Smriti Sharma |
| Manish Sharma |
Mobilise App Lab - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ashish Sharma | Managing Director |
| Smriti Sharma | Whole Time Director |
| Manish Sharma | Non-Executive Director |
| Rakesh Khanduja | Non-Executive Independent Director |
| Retd. Major Prashant Veer Singh | Non-Executive Independent Director |
Mobilise App Lab Book Running Lead Manager
Corporate Capital ventures Private Limited
smeipo@ccvindia.com
Mobilise App Lab Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Mobilise App Lab Strengths
Tailored solutions
The company recognizes that every organization has unique challenges and goals, and therefore develops powerful, highly customizable SaaS solutions tailored to specific operational needs. Its modular and scalable platforms serve sectors such as healthcare, education, facility management, and HR, simplifying processes like asset and maintenance management (CMMS/iFMS), procurement and supply chain automation, HRMS, and educational ERP systems
Quality assurance & certification
The company follows internationally recognized standards with agile development and strong data security built on RBAC principles, delivering cloud-enabled solutions hosted on Microsoft Azure and compliant with GDPR. It is ISO 9001:2008, ISO 27001:2002 and CMMI Level 3 certified, and has successfully cleared multiple VAPT audits by CERT-In empanelled organizations, reflecting its commitment to quality and secure IT practices
Client relationship
The company has built long-term client relationships through ERP license-cum-service agreements, with a significant share of revenue coming from repeat business. Strong customer retention, referrals, and effective cross-selling have enhanced client lifetime value, profitability, and sustained growth
Mobilise App Lab Risks
Depend on hiring professionals
The company’s success depends on attracting and retaining skilled IT professionals, promoters, directors, and senior management, and failure to do so or rising attrition could impact project execution and business performance. Intense competition for talent may increase salary costs, reduce efficiency, and adversely affect profitability and financial condition
Cyber security risks
The company faces risks from IT system disruptions and cyber threats such as hacking, phishing, data theft, and unauthorized access, which could impact operations, reputation, and financial performance. Although strong security measures are in place and no breaches have occurred to date, any future incident may lead to legal, regulatory, and reputational consequences
Competition & data theft risks
The company operates in a highly competitive ERP market with domestic, international, and low-cost unorganized players, which may impact its market share, pricing, and margins. Although it has strong data security measures and no recent breaches, any cyber-attack or unauthorized access to sensitive client information could adversely affect operations, reputation, and financial condition
IPO FAQs
The promoters of the company are Ashish Sharma, Smriti Sharma and Manish Sharma.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 75.0 - 80.0.
The IPO application opens on Feb 23, 2026 and closes on Feb 25, 2026.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 240,000.0, the maximum value for this IPO is Rs 256,000.0.
This IPO will be allotted on Feb 26, 2026.
The refund will be credited to your account on Feb 27, 2026.
The allotted shares will be credited to your demat on Feb 27, 2026.
Mobilise App Lab Ltd.’s shares listed on the stock exchanges on Mar 02, 2026.