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Mobilise App Lab IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
Mobilise App Lab Limited is a technology-driven company engaged in providing digital transformation solutions, enterprise mobility, custom software development, and IT consulting services. The company earns revenue primarily from software development contracts, enterprise application development, system integration, and ongoing maintenance services. Its solutions are used by corporates and enterprises to improve operational efficiency, customer engagement, and digital capabilities.
Mobilise App Lab, an Book Built Issue, amounting to ₹
20.10 Crore,consisting entirely an fresh issue of
0.25 crore shares of
₹
20.10 crores. The subscription period for the Mobilise App Lab IPO opens on February 23, 2026, and closes on February 25, 2026. The allotment is expected to be finalized on or about 26 February 2026, Thursday, and the shares will be listed on the NSE with a tentative listing date set on or about Monday, March 02, 2026.
The Share Price Band of Mobilise App Lab IPO is set at ₹75 to ₹80 per share per equity share. The Market Capitalisation of the Mobilise App Lab at IPO price of ₹80 per equity share will be ₹76.10 Cr. The lot size of the IPO is 1600 shares. Retail investors are required to invest a minimum of ₹
256,000, 2 lots (
3,200 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is
3 lots (
4,800 shares), amounting to ₹
384,000
CORPORATE CAPITALVENTURES PRIVATE LIMITED, are the book running lead manager of the Mobilise App Lab Ltd. while BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the issue.The Market Maker of the company is SS Corporate Securities Ltd.
Mobilise App Lab Limited IPO GMP Today
The Grey Market Premium of Mobilise App Lab IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Mobilise App Lab Limited IPO Live Subscription Status Today: Real-Time Update
As of 06:30 PM on 25 February 2026, the Mobilise App Lab IPO live subscription status shows that the IPO subscribed 100.07 times on its Final Day of subscription period. Check the Mobilise App Lab IPO Live Subscription Status Today at BSE.
Mobilise App Lab Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Mobilise App Lab IPO allotment date is 26 February 2026, Thursday, Mobilise App Lab IPO Allotment will be out on 26 February 2026, Thursday, and will be live on Registrar Website from the allotment date.
BIGSHARE SERVICES PRIVATE LIMITED IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Mobilise App Lab IPO from the dropdown list of IPO
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Mobilise App Lab Limited IPO
Mobilise App Lab to utilise the Net Proceeds towards the following objects:
1. ₹554.43 Lakh is required for Funding requirement in product development through talent hiring for the company
2. ₹303.28 Lakh is required for Funding requirement toward business development and marketing activities aimed at driving the organization’s expansion across domestic markets
3. ₹547.47 Lakh is required forFunding towards the infrastructure of the compan
4. General Corporate Purposes.
Refer to Mobilise App Lab Limited RHP for more details about the Company.
Mobilise App Lab Limited Day Wise IPO GMP Trend
| GMP Date | Issue Price | Expected Listing Price | GMP | Last Updated |
|---|---|---|---|---|
| February 17, 2026 | ₹ 80 | ₹ 80 | ₹0(0.0%) | 17 February 2026; 05:28 PM |
Mobilise App Lab IPO Details
| Market Capitalization | ₹76.10 Cr |
| IPO Date | February 23, 2026 to February 25, 2026 |
| Listing Date | March 02, 2026 |
| Face Value | ₹10 Per Share |
| Price Band | ₹75 to ₹80 per share |
| Issue Price | ₹80 per share |
| Employee Discount | NA |
| Lot Size | 1600 Equity Shares |
| Total Issue Size | 25,12,000 Equity Shares (aggregating to ₹20.10 Cr) |
| Fresh Issue | 25,12,000 Equity Shares (aggregating to ₹20.10 Cr) |
| Offer for Sale | NA |
| Issue Type | Book Built Issue |
| Listing At | NSE SME |
| Share holding pre issue | 70,00,000 |
| Share holding post issue | 95,12,000 |
| Rating | Avoid |
Mobilise App Lab IPO Anchor Investors Details
| Bid Date | N/A |
| Shares Offered | N/A |
| Anchor Portion Size (In Cr.) | N/A |
| Anchor lock-in period end date for 50% shares (30 Days) | N/A |
| Anchor lock-in period end date for remaining shares (90 Days) | N/A |
Mobilise App Lab IPO Timeline (Tentative Schedule)
| IPO Open Date | Mon, Feb 23, 2026 |
| IPO Close Date | Wed, Feb 25, 2026 |
| Basis of Allotment | Thu, Feb 26, 2026 |
| Initiation of Refunds | Fri, Feb 27, 2026 |
| Credit of Shares to Demat | Fri, Feb 27, 2026 |
| Listing Date | Mon, Mar 2, 2026 |
| Cut-off time for UPI mandate confirmation | Thu, Feb 26, 2026 |
Mobilise App Lab IPO Reservation
| Investor Category | Shares Offered | Reservation % |
|---|---|---|
| QIB Portion | 1,192,800 | Not less than 50% of the Net Offer |
| Non-Institutional Investor Portion | 357,840 | Not more than 15% of the Net Issue |
| Retail Shares Offered | 834,960 | Not more than 35% of the Net Offer |
| Market Maker Portion | 126,400 | - |
Mobilise App Lab IPO Promoter Holding
| Share Holding Pre Issue | 96.00% |
| Share Holding Post Issue | 70.65% |
Mobilise App Lab IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹256,000 |
| Retail (Max) | 2 | 3,200 | ₹256,000 |
| S-HNI (Min) | 3 | 4,800 | ₹384,000 |
| S-HNI (Max) | 7 | 11,200 | ₹896,000 |
| B-HNI (Min) | 8 | 12,800 | ₹1,024,000 |
Mobilise App Lab IPO Subscription Status
| Investor Category | Shares Offered | Shares Bid For | No of Times Subscribed | Last Upadeted |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 4,76,800 | 2,34,41,600 | 49.16x | 26 February 2026; 09:52 AM |
| Non Institutional Investors(NIIS) | 3,60,000 | 6,32,59,200 | 175.72x | 26 February 2026; 09:53 AM |
| Retail Individual Investors (RIIs) | 8,35,200 | 8,06,17,600 | 96.52x | 26 February 2026; 09:53 AM |
| Total | 16,72,000 | 16,73,18,400 | 100.07x | 26 February 2026; 09:53 AM |
About Mobilise App Lab Limited
Mobilise App Lab Limited is a technology-driven company engaged in providing digital transformation solutions, enterprise mobility, custom software development, and IT consulting services. The company earns revenue primarily from software development contracts, enterprise application development, system integration, and ongoing maintenance services. Its solutions are used by corporates and enterprises to improve operational efficiency, customer engagement, and digital capabilities.
The company serves clients across industries including banking, financial services, retail, healthcare, and logistics. It operates primarily through its development and delivery centers in India. These facilities focus on software design, coding, testing, quality assurance, and project management. The company does not operate heavy manufacturing units, as its operations are asset-light and service-oriented.
Mobilise App Lab offers a diversified product and service portfolio, including mobile application development, enterprise software, cloud solutions, UI/UX design, and digital transformation consulting. These services lie in the technology and digital infrastructure segment, helping clients enhance product lifecycle efficiency, from development to deployment and maintenance. The order book consists mainly of service contracts and ongoing development projects, which are executed in phased milestones as per client agreements.
The company does not have any major merger transactions reported in the RHP prior to the IPO. The IPO proceeds are planned to be utilized for business expansion, working capital requirements, and general corporate purposes. Future capex plans include strengthening technological infrastructure and scaling operational capabilities.
Employee and Banker
December 31, 2025, the company had 95, full time employees. The Banker to the Company is KOTAK MAHINDRA BANK LIMITED.
Management and Growth Vision
The management of Mobilise App Lab Limited is led by experienced promoters and directors with backgrounds in technology, software development, and business management. Their focus is on strengthening the company’s position in the digital transformation and enterprise mobility segment.
In the near term, the company aims to expand its client base, strengthen recurring revenue streams, and enhance delivery capabilities. Long-term targets include scaling operations internationally and improving operating margins through process efficiency.
Funding for capex and expansion is planned through a mix of IPO proceeds, internal accruals, and improved cash flows from operations. The management intends to maintain a controlled cost structure while investing in technology upgrades and skilled workforce expansion.
Industry Overview
Mobilise App Lab operates in the Indian IT and digital services industry, which has shown consistent growth due to rapid digital adoption. The Indian IT industry size stands at approximately USD 245–250 billion, growing at a CAGR of around 7–9% annually.
Globally, the IT services market exceeds USD 1 trillion, driven by digital transformation, cloud computing, artificial intelligence, and mobility solutions. The global digital transformation market is expected to grow at a CAGR of over 15–20% in the coming years.
In India, digital adoption by SMEs and enterprises continues to increase, supported by government initiatives such as Digital India. Major global leaders include companies like TCS, Infosys, Wipro, Accenture, while mid-sized niche technology firms compete on agility and customized service offerings.
The industry outlook remains positive due to increasing reliance on enterprise software, mobile-first strategies, and cloud migration.
Key Risk Factors
- Client Concentration Risk
A significant portion of revenue may depend on a limited number of clients. Loss of any major client can negatively impact revenue and profitability. - Technology Obsolescence Risk
Rapid technological changes require continuous upgrades. Failure to adapt to emerging technologies may reduce competitiveness. - Competitive Industry Risk
The IT services sector is highly competitive, with large players offering similar services. Pricing pressure may affect margins. - Talent Retention Risk
The company’s performance depends heavily on skilled employees. High attrition rates may disrupt project execution. - Economic Slowdown Risk
Global or domestic economic slowdown can reduce IT spending by enterprises, impacting order inflows. - Dependence on Key Management
The company’s growth is closely linked to its promoters and senior management. Loss of key personnel may impact operations. - Cybersecurity Risk
Handling sensitive client data exposes the company to cybersecurity threats, which could damage reputation and financial stability.
Key Strengths and Opportunities
- Asset-Light Business Model
The company operates with low fixed asset requirements, improving capital efficiency and return ratios. - Diversified Service Portfolio
Offering end-to-end digital services enables cross-selling opportunities and long-term client engagement. - Growing Digital Demand
Rising digital adoption across industries provides significant growth opportunities in mobility and enterprise solutions. - Experienced Management Team
Promoters with strong technical and business background support strategic growth initiatives. - Scalable Business Model
Technology services allow scalability without proportional increase in fixed costs, improving operating leverage. - Recurring Revenue Potential
Maintenance and long-term contracts create recurring income streams and revenue visibility. - Expansion Opportunities
IPO proceeds can strengthen infrastructure, expand client base, and enhance technology capabilities, driving future growth.
Mobilise App Lab Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakhs)
| Period Ended | Dec 31, 2025 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
|---|---|---|---|---|
| Reserve of Surplus | 506.22 | 626.10 | 357.52 | - |
| Total Assets | 1,583.74 | 1,191.83 | 650.04 | 338.56 |
| Total Borrowings | 18.54 | 10.88 | 35.32 | 6.23 |
| Fixed Assets | 112.85 | 99.61 | 56.64 | 23.82 |
| Cash | 298.07 | 233.35 | 164.80 | 44.90 |
| Cash flow from operating activities | 381.25 | 412.50 | 453.96 | 106.89 |
| Cash flows from investing activities | -462.88 | -346.33 | -204.22 | -61.37 |
| Cash flow from financing activities | -17.57 | -27.58 | -129.84 | -26.17 |
| Net Borrowing | -279.53 | -222.47 | -129.48 | -38.67 |
| Revenue | 1,352.76 | 1,623.61 | 1,213.34 | 712.19 |
| EBITDA | 639.84 | 692.47 | 438.27 | 230.33 |
| PAT | 401.30 | 471.33 | 310.05 | 176.19 |
| PAT Margin | 29.67% | 29.03% | 25.55% | 24.74% |
| EPS | 7.85 | 6.82 | 4.49 | 2.55 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue Data, given in FINANCIAL EXPRESS.
Key Performance Indicator
| KPI | Values |
|---|---|
| EPS Pre IPO (Rs.) | 6.82 |
| EPS Post IPO (Rs.) | 4.96 |
| Adjusted 12M EPS Post IPO (Rs.) | 5.63 |
| P/E Pre IPO | 11.73 |
| P/E Post IPO | 16.14 |
| Adjusted 12M P/E Post IPO | 14.22 |
| ROE | 57.05% |
| ROCE | 75.40% |
| P/BV | 1.94 |
| Debt/Equity | 0.01 |
| RoNW | 57.05% |
| EBITDA Margin | 42.90% |
| PAT Margin | 29.03% |
Mobilise App Lab Limited IPO Peer Comparison
| Company Name | EPS | P/E (x) | ROE | ROCE | P/BV | Debt/Equity | RoNW (%) |
|---|---|---|---|---|---|---|---|
| Mobilise App Lab | 4.96 | 16.14 | 57.05% | 75.40% | 1.94 | 0.01 | 57.05% |
| Unicommerce Esolutions | 1.94 | 67.28 | 24.8 % | 31.4 % | 16.25 | 0.06 | 23.64% |
| Iris Business Services | 6.28 | 61.53 | - | - | 10.24 | - | 16.00% |
Mobilise App Lab Limited Contact Details
Mobilise App Lab Limited
Phone: +91- 9289965136
Email: cs@mobilise.co.in
Website: https://mobilise.co.in/
Mobilise App Lab IPO Registrar and Lead Manager(s)
BIGSHARE SERVICES PRIVATE LIMITED
Phone: +91 – 22 – 6263 8200;
Email: ipo@bigshareonline.com
Website: www. Bigshareonline.com
CORPORATE CAPITALVENTURES PRIVATE LIMITED
Phone: : +91 11 - 41824066;
Email: smeipo@ccvindia.com
Website: https://ccvindia.com/mb/
Mobilise App Lab IPO Review
Mobilise App Lab Limited is a technology-driven company engaged in providing digital transformation solutions, enterprise mobility, custom software development, and IT consulting services. The company earns revenue primarily from software development contracts, enterprise application development, system integration, and ongoing maintenance services. Its solutions are used by corporates and enterprises to improve operational efficiency, customer engagement, and digital capabilities.
The Company is led by Promoter, i.e.,MR. BASWARAJ MADHAVRAO BARGE, MR. SURAJ SHIVRAJ BARGE & MR. SHIVLING MADHAVRAO BARGE
The Revenues from operations for the Period ended on Dec 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,352.76 Lakh, ₹ 1,623.61 Lakh, ₹ 1,213.34 Lakh, and ₹ 712.19 Lakh, The EBITDA for the Period ended on Dec 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 639.84 Lakh, ₹ 692.47 Lakh, ₹ 438.27 Lakh, and ₹ 230.33 Lakh, The Profit after Tax for the Period ended on Dec 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 401.30 Lakh, ₹ 471.33 Lakh, ₹ 310.05 Lakh, and ₹ 176.19 Lakh, respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 6.82 and post-issue EPS of ₹ 4.96 for FY25. The pre-issue P/E ratio is 11.73x,while the post-issue P/E ratio is 16.14x against the Industry P/E ratio is 64.40x The company's ROE for FY25 is 57.05% and RoNW is 57.05%The Annualised EPS is ₹ 5.63x and P/E is ₹ 14.22x, These metrics suggest that the IPO is Fully priced.
The Grey Market Premium (GMP) of Mobilise App Lab showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Mobilise App Lab Limited, IPO for Listing gain or Long Term Purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. We also use Artificial Intelligence (AI) tools to enhance the efficiency and quality of our research services, including data retrieval, analysis, and report summarization. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit Legal our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
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