The Mobilise App Lab IPO opened on Monday, February 23, and will remain open for investment until February 25. The company has fixed the price band at ₹75 to ₹80 per share. The face value of each share is ₹10.
Investors must apply for a minimum lot of 1,600 shares. Any additional bids must also be made in multiples of 1,600 shares. The IPO is being launched through the book-building process.
The total issue size is around ₹20.10 crore. Under this issue, the company is offering 25 lakh new shares.
Contents
Subscription Status and Important Dates
As of the second day, the IPO has been subscribed 2.48 times in total.
The retail investor category has been subscribed 2.70 times.
The Non-Institutional Investor (NII) category has been subscribed 5.23 times.
The company has received bids for 41,40,800 shares, compared to 16,72,000 shares available for subscription.
The share allotment will be finalized on February 26. Shares will be credited to the demat accounts of successful investors on February 27. The company’s shares are expected to be listed on the NSE SME platform on March 2.
Gray Market Premium (GMP) Update
There is strong activity in the gray market regarding this IPO. The current GMP (Gray Market Premium) of Mobilise App Labs is reported to be ₹16.
If we consider the upper price band of ₹80 as the base price, the estimated listing price could be around ₹96. This suggests a possible premium of about 20%.
In recent sessions, the GMP has moved between ₹0 and ₹16. This indicates the possibility of a strong listing. However, investors should carefully consider market conditions and risks before making any investment decision.
Company Business Overview
Mobilise App Lab Limited was established in 2012. The company operates in the field of IT solutions and digital transformation.
It provides products such as:
Enterprise solutions
Asset management
HRMS (Human Resource Management Systems)
Supply chain management
ERP solutions for schools and universities
In addition, the company also offers Single Sign-On (SSO), AI Studio, and IoT-based solutions. The company claims that its cloud-based platforms help businesses improve efficiency and strengthen automation.
Financial Performance
The company has shown strong financial growth in FY25.
Standalone Profit After Tax (PAT) increased by 52% to ₹4.71 crore, compared to ₹3.1 crore in the previous year.
Revenue from operations grew by 33.8% to ₹16.14 crore, up from ₹12.06 crore in FY24.
Due to this strong growth in revenue and profit, investor interest in the IPO appears to be high.