Mobilise App Lab IPO
smelistedAbout the company
Incorporated in April 2013, Mobilise App Lab is a SaaS-based enterprise software company providing digital platforms to institutional and corporate clients. The company operates on a pure B2B model and offers four core products - EduPro (ERP for educational institutions), OpsSuite (Computerised Maintenance Management System - CMMS), SCMPro (Supply Chain & Procurement solution) and HRevo (HRMS & employee lifecycle management platform). EduPro is subscription-based software to manages admissions, attendance, exams, transport, fees and payroll for schools whereas OpsSuite handles asset lifecycle, preventive maintenance and IoT-based monitoring. OpsSuite integrates IoT devices, RFID, GPS and barcode systems and currently manages 9.60 lakh assets across multiple state-level healthcare projects and other engagements. HRevo manages active employee data of over 4.11 lakh individuals globally, including about 3.0 lakh in India whereas EduPro serves 34,303 students across 15 schools as of Aug 2025. The company provides ERP solutions to B2B clients who further deliver services to its end customers. In FY25, HRevo contributed 52.79% followed by OpsSuite at 29.72%, SCMPro at 13.60% and EduPro at 3.89%. It is entirely service-based and largely domestic with Maharashtra contributing 68.35% and West Bengal contributing 7.03%, followed by others. The top 10 customers contributed 97.39% of revenue in FY25.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 25 Feb | ₹7 | ₹87 | -1 |
| 24 Feb | ₹8 | ₹88 | -8 |
| 23 Feb | ₹16 | ₹96 | +16 |
| 22 Feb | ₹0 | ₹80 | 0 |
| 21 Feb | ₹0 | ₹80 | 0 |
| 20 Feb | ₹0 | ₹80 | -5 |
| 19 Feb | ₹5 | ₹85 | -8 |
| 18 Feb | ₹13 | ₹93 | 0 |
Strengths
Risks
- Dependent on enterprise technology spending cycles
- Faces competition from larger and well-established software providers
- SME listing may result in lower liquidity and higher price volatility
- Scaling products and teams carries execution challenges
- Revenue depends on client acquisition and retention
- Rapid technology changes can require continuous upgrades and investment
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed23 Feb 2026Bidding starts for all investor categories
IPO Closes
Completed25 Feb 2026Last day to place your bid
Basis of Allotment
Completed26 Feb 2026Share allotment finalised
Refund Initiation
Completed27 Feb 2026Refunds credited for non-allottees
Credit to Demat
Completed27 Feb 2026Allotted shares credited to demat account
Listing on Exchange
Completed02 Mar 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1600 | ₹128,000 | 1 | ₹128,000 | 1 lot only |
| HNI | 2 | 3200 | ₹256,000 | 2 | ₹256,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 1,290,323 | 10 | 0 | 0.00x | 100% |
| NII | 15% | 387,097 | 3 | 0 | 0.00x | 100% |
| Retail | 35% | 903,226 | 7 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
