Mobilise App Lab IPO
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Mobilise App Lab IPO details
Schedule of Mobilise App Lab
| Issue open date | 23 Feb 2026 |
| Issue close date | 25 Feb 2026 |
| UPI mandate deadline | 25 Feb 2026 (5 PM) |
| Allotment finalization | 26 Feb 2026 |
| Refund initiation | 27 Feb 2026 |
| Share credit | 27 Feb 2026 |
| Listing date | 02 Mar 2026 |
| Mandate end date | 12 Mar 2026 |
| Lock-in end date for anchor investors (50%) | 28 Mar 2026 |
| Lock-in end date for anchor investors (remaining) | 27 May 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Mobilise App Lab
Mobilise App Lab Limited is an Indian Software-as-a-Service (SaaS) based IT solutions provider. The Company was originally incorporated as Mobilise App Lab LLP on April 4, 2013. It was later converted into a private limited company in July 2023 and subsequently into a public limited company on April 17, 2025. The Company is promoted by Mr. Ashish Sharma, Mrs. Smriti Sharma and Dr. Manish Sharma. Mobilise specialises in enterprise digital platforms that streamline and manage business operations. Its key offerings include EDUPro (education ERP), OpsSuite (facility and asset management), SCMPro (supply chain management), and HRevO (human resource management). These products help organisations automate workflows, manage assets, optimise procurement processes, and improve workforce management. The Company operates on a B2B SaaS business model, delivering ERP and IT solutions to enterprises that further serve their end customers .Its key strengths include domain-focused ERP solutions, integrated platforms covering multiple enterprise functions, scalable SaaS architecture, and a diversified presence across education, facility management, supply chain, and HR segments.
Financials of Mobilise App Lab
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 20.10 |
| Fresh Issue – Proceeds go to the company | 20.10 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Product development through talent hiring | 5.54 (27.56%) |
| Business development & marketing | 3.03 (15.07%) |
| Infrastructure funding | 5.47 (27.21%) |
| General corporate purposes | 6.06 (30.16%) |
Strengths
- Diversified SaaS ERP portfolio across HR, supply chain, education and asset management.
- Strong revenue growth with improving profitability over recent years.
- Asset-light, scalable B2B SaaS business model.
- Established presence across multiple industries and states in India.
- Promoter-driven leadership with domain and industry experience.
Risks
- High revenue concentration from top clients may impact stability.
- Dependence on Maharashtra for a significant share of revenue.
- Heavy reliance on the HRevO product for major revenue contribution.
- Past delays in statutory and regulatory compliance.
- Dependence on promoters and key personnel for business continuity.
Allotment Status for Mobilise App Lab
To check your IPO allotment status:
- Visit the Bigshare Services IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status
Subscription Figures for Mobilise App Lab
As per media reports (Link), the Grey Market Premium (GMP) of Mobilise App Lab is reported at ₹8 over the IPO price. This metric is unreliable; to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 05:00 PM on February 25, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 4.76 | 234.42 | 49.16x |
| NII | 3.60 | 632.59 | 175.72x |
| Retail | 8.35 | 806.18 | 96.52x |
| Total | 16.72 | 1673.18 | 100.07x |