Mobilise App IPO (SME)
Mobilise App IPO is a book build SME issue of Rs. 20.10 crore, comprising a fresh issue of 0.25 crore equity shares aggregating to Rs. 20.10 crore.
The IPO opens on February 23, 2026, and closes on February 25, 2026. The allotment is expected on February 26, 2026, and the listing is tentatively scheduled for March 2, 2026 on NSE SME.
The IPO is offered at a price band of Rs. 75 – Rs. 80 per share, and the lot size is 1,600 shares. The minimum investment for retail investors is Rs. 2,56,000 (3,200 shares), and for HNI investors, Rs. 3,84,000 (4,800 shares).
Lead Manager: Corporate Capitalventures Pvt.Ltd.
Registrar: Bigshare Services Pvt.Ltd.
Market Maker: SS Corporate Securities Ltd.
🕗 Last Update: 17 February 2026, 6.00 AM
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IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | February 23, 2026 |
| IPO Close Date | February 25, 2026 |
| Allotment Date | February 26, 2026 |
| Refunds Initiation | February 27, 2026 |
| Credit to Demat | February 27, 2026 |
| Listing Date | March 2, 2026 |
IPO Details
| Particulars | Details |
|---|---|
| Face Value | Rs. 10 per share |
| Issue Price | Rs. 75 – Rs. 80 |
| Lot Size | 1,600 shares |
| Sale Type | Fresh Issue |
| Total Issue Size | 25,12,000 shares (Rs. 20.10 Cr) |
| Market Maker Portion | 1,26,400 shares (Rs. 1.00 Cr) – SS Corporate Securities Ltd. |
| Net Offer to Public | 23,85,600 shares (Rs. 19.00 Cr) |
| Issue Type | Book Building Issue |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 70,00,000 shares |
| Shareholding Post-Issue | 95,12,000 shares |
| Market Cap (Pre-IPO) | Rs. 76.10 Cr |
Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 1,26,400 | 5.03% |
| QIB | 11,90,400 | 47.39% |
| − Anchor Investors | 7,13,600 | 28.41% |
| − QIB (Ex Anchor) | 4,76,800 | 18.98% |
| NII (HNI) | 3,60,000 | 14.33% |
| Retail Individual Investors | 8,35,200 | 33.25% |
| Total | 25,12,000 | 100.00% |
Application Details
| Application | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min / Max) | 2 | 3,200 | 2,56,000 |
| S-HNI (Min) | 3 | 4,800 | 3,84,000 |
| S-HNI (Max) | 7 | 11,200 | 8,96,000 |
| B-HNI (Min) | 8 | 12,800 | 10,24,000 |
Promoter Holding
| Particulars | Percentage |
|---|---|
| Promoter Holding Pre-Issue | 96.00% |
| Promoter Holding Post-Issue | 70.65% |
Promoters: Mr. Ashish Sharma, Mrs. Smriti Sharma and Dr. Manish Sharma.
About Mobilise App Lab Ltd.
Incorporated in 2012, Mobilise App Lab Limited is a technology-driven company that develops scalable and secure enterprise software products to streamline operations and enable digital transformation.
The company offers integrated solutions across multiple workflows including facility & asset management, HRMS, supply chain & procurement, education ERP (school/university), single sign-on (SSO), AI studio and IoT applications. Its cloud-based platforms are built to improve automation, productivity and decision-making for organisations.
Key products include EduPro (education ERP), OpsSuite (CMMS), SCMPro (supply chain/procurement) and HRevO (HRMS). The company has 95 employees.
Company Financials (Rs. crore – Restated)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 15.84 | 11.92 | 6.50 | 3.39 |
| Total Income | 13.53 | 16.24 | 12.13 | 7.12 |
| Profit After Tax | 4.01 | 4.71 | 3.10 | 1.76 |
| EBITDA | 6.40 | 6.92 | 4.38 | 2.30 |
| Net Worth | 12.06 | 8.26 | 3.58 | 2.07 |
| Reserves & Surplus | 5.06 | 6.26 | 3.58 | — |
| Total Borrowings | 0.19 | 0.11 | 0.35 | 0.06 |
Objects of the Issue (Rs. crore)
| S.No. | Objects of the Issue | Amount |
|---|---|---|
| 1 | Product development through talent hiring | 5.54 |
| 2 | Business development & marketing for domestic expansion | 3.03 |
| 3 | Infrastructure funding | 5.47 |
| 4 | General corporate purposes | Balance |
| Total | — | 14.05 |
Key Performance Indicators
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROCE | 45.65% | 75.40% |
| Debt / Equity | 0.02 | 0.01 |
| RoNW | 33.27% | 57.05% |
| PAT Margin | 30.32% | 29.20% |
| EBITDA Margin | 48.34% | 42.90% |
| Price to Book Value | 1.94 | 1.94 |
Valuation (Pre / Post IPO)
| Particulars | Pre IPO | Post IPO |
|---|---|---|
| EPS (Rs.) | 262.96 | — |
| P/E (x) | 0.30 | — |
| Market Cap | Rs. 76.10 Cr | Rs. 76.10 Cr |
Company Contact
| Particulars | Details |
|---|---|
| Company Name | Mobilise App Lab Ltd. |
| Address | 62-B, HSIDC, Sector-31, Faridabad, Haryana – 121002 |
| Phone | +91 9289965136 |
| cs@mobilise.co.in |
IPO Lead Manager(s)
Corporate Capitalventures Pvt.Ltd.
IPO Registrar
Bigshare Services Pvt.Ltd.
Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst
| Particulars | Details |
|---|---|
| Analyst View | Mobilise App Lab is a niche enterprise software/ERP and workflow automation player with strong margins and low leverage. IPO proceeds are planned for product development, marketing and infrastructure, which can support scale-up. Key monitorables are client concentration, deal pipeline sustainability and valuations versus small IT peers. |
| Chanakya View | POSITIVE / HIGH RISK APPLY – suitable for investors comfortable with SME liquidity and tech-business execution risks. |
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
