Mobilise App Lab IPO Lists at Discounted Price on NSE SME

Mobilise App Lab IPO Listing: Weak Debut in Indian Stock Market

On March 2, Mobilise App Lab made its stock market debut on the National Stock Exchange (NSE) SME platform, with a listing price of ₹64.10 per share, a discount of nearly 20% from its issue price of ₹80.

The stock traded between a high of ₹67.30 and a low of ₹61.25 during the day, ultimately closing at ₹67.30, a decline of 15.88% from the issue price. This underperformance is evident when compared to the grey market premium (GMP), which stood at ₹4 per share, indicating a likely listing price of around ₹84, a premium of 5% over the upper end of the issue price band.

IPO Subscription Status

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The Mobilise App Lab IPO witnessed exceptional subscription during its 3-day bidding period, with a subscription of 100.07 times by the end of Day 3. The retail portion was subscribed 96.52 times, while the Non-Institutional Investor (NII) portion was booked 175.72 times. The Qualified Institutional Buyers (QIBs) segment received 49.16 times bids.

IPO Details

The IPO, which opened on February 23 and closed on February 25, was finalised on February 26. The company launched a book-built IPO worth ₹20.10 crore, comprising a fresh issue of 25 lakh shares with no offer for sale (OFS) component. The IPO price band was fixed at ₹80 per share.

The company plans to deploy the net proceeds from the issue towards product development, business development, and marketing initiatives to support expansion across domestic markets. A part of the proceeds will also be used to enhance infrastructure and meet general corporate requirements.

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Company Background

Mobilise App Lab, founded in 2013, is an Indian SaaS-based IT solutions provider offering digital platforms designed to streamline enterprise operations. The company offers solutions such as EDUPro ERP and OpsSuite ERP, which are deployed across multiple states in India and cater to sectors including healthcare, food and beverages, and facility management. As of December 31, 2025, the company reported revenue from operations of ₹13.24 crore and a net profit of ₹4.01 crore.