Mobilise App Lab IPO Sees 2.48 Times Subscription on First Bidding Day.

Mobilise App Lab IPO Update

IPO Details The Mobilise App Lab IPO is a book build issue worth ₹20.10 crore, set to end on February 25. The issue price band has been established at ₹75 to ₹80 per equity share, with a face value of ₹10.

Company Overview Mobilise App Lab Limited, founded in 2012, is a technology-driven innovation company that delivers cutting-edge, scalable, and secure IT products. Their portfolio includes comprehensive integrated facility and asset management, advanced human resource management systems (HRMS), efficient supply chain management, and specialized school and university ERP systems.

Financial Performance The company has delivered outstanding financial results, with a 52% year-on-year (YoY) increase in standalone profit after tax (PAT), reaching ₹4.71 crore in FY25, compared to ₹3.1 crore in FY24. Revenue from operations surged by an impressive 33.8% YoY, hitting ₹16.14 crore in FY25, up from ₹12.06 crore in the prior financial year.

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IPO Subscription Status The Mobilise App Lab IPO subscription status is 2.48x on day 2 so far, with the retail portion subscribed 2.70x and NII portion booked 5.23x. The company has received bids for 41,40,800 shares against 16,72,000 shares on offer on the first bidding day.

IPO Details The IPO share allotment will be finalized on February 26, with shares promptly transferred to the demat accounts of successful bidders on February 27. Refunds to non-allottees will also be processed on that same day. The company's shares are set to list on the NSE SME platform on March 2.

Grey Market Premium The Mobilise App Lab IPO GMP today is ₹16, with an estimated listing price of ₹96 apiece, which is 20% higher than the IPO price of ₹80.