Mobilise App Lab IPO Overview
Mobilise App Lab Limited is an Indian Business-to-Business (B2B) Software-as-a-Service (SaaS) and enterprise IT solutions provider offering digital platforms that help organisations automate core operations like asset management, supply chain, human resources, education administration, facility workflows and workforce management through cloud-based ERP software.
The company is launching its SME IPO on the NSE Emerge (SME) platform to raise approximately ₹20.10 crore through a 100% fresh issue of equity shares. The price band is ₹75 – ₹80 per share, and the minimum retail investment is ₹2,56,000 for 2 lots (3,200 shares). The IPO window is 23 February 2026 to 25 February 2026, with a tentative listing on 2 March 2026.
IPO DETAILED INFORMATION
Issue Details
| Parameter | Details |
| IPO Type | Book Building – SME (NSE Emerge) |
| IPO Open Date | 23 Feb 2026 |
| IPO Close Date | 25 Feb 2026 |
| Allotment Date | 26 Feb 2026 (Expected) |
| Credit to Demat | 27 Feb 2026 (Expected) |
| Refund Initiation | 27 Feb 2026 (Expected) |
| Listing Date | 2 Mar 2026 (Tentative) |
| Price Band | ₹75 – ₹80 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,600 shares |
| Min Investment (Retail) | ₹2,56,000 (2 lots) |
| sNII Investment | ~₹3,84,000+ |
| bNII Investment | ~₹10,24,000+ |
| Issue Size | ~₹20.10 cr |
| Fresh Issue | ~₹20.10 cr (100%) |
| Offer for Sale (OFS) | Nil |
| Total Shares Offered | 25,12,000 equity shares |
| Listing | NSE Emerge (SME) |
Note: This is a 100% fresh issue — no promoters are selling shares, and all proceeds are intended for company growth.
Issue Break-up
| Category | Approx Allocation | Shares |
| Anchor Investors | ~28.41% | ~7,13,600 |
| QIB (ex-anchor) | ~18.98% | ~4,76,800 |
| NII (HNI) | ~14.33% | ~3,60,000 |
| Retail Individual Investors | ~33.25% | ~8,35,200 |
| Market Maker | ~5.03% | ~1,26,400 |
| Total | 100% | ~25,12,000 |
Selling Shareholders (OFS)
No Offer For Sale (OFS) — entire IPO is a fresh issue, so promoters are not exiting and will retain a significant share post-issue.
Objects of the Issue (Fund Utilization)
The net IPO proceeds are proposed to be used for:
- Product Development & Talent Hiring: Enhancing software products and expanding the technology team.
- Business Development & Marketing: Driving domestic expansion and scaling sales efforts.
- Infrastructure Funding: Strengthening company infrastructure and operations capacity.
- General Corporate Purposes: Other strategic corporate needs.
Strategic Context:
- Investment in product and talent aims to boost SaaS offerings and recurring revenue streams.
- Marketing and business development support customer acquisition and brand growth.
- Infrastructure funding equips Mobilise to manage a larger client base and expand into new enterprise segments.
Lead Managers & Registrar
- Book Running Lead Manager (BRLM): Corporate CapitalVentures Pvt. Ltd.
- Registrar to the Issue: Bigshare Services Pvt. Ltd.
Promoters & Management
Promoters of Mobilise App Lab Limited:
- Mr. Ashish Sharma
- Mrs. Smriti Sharma
- Dr. Manish Sharma
The promoter group drives strategy, product development, and execution of business expansion plans through their operational leadership.
COMPANY DETAILS
Mobilise App Lab Limited was incorporated in 2012 and later converted to a public limited company ahead of the IPO. It operates as a B2B SaaS and enterprise software provider with a focus on scalable ERP platforms for mid-large organisations. Its products automate critical business functions such as:
- EduPro ERP: Education management (admissions to exams).
- OpsSuite (CMMS): Asset & facility management.
- SCMPro ERP: Procurement/supply chain automation.
- HRevO: Human resource & workforce management.
The company serves sectors including education, healthcare, food & beverages, corporate services, facility management and manufacturing with a subscription-based revenue model.
Financial Snapshot
| Period Ended | Revenue (₹ Cr) | PAT (₹ Cr) |
| FY25 (Mar 2025) | ~16.14 | ~4.71 |
| FY24 (Mar 2024) | ~12.13 | ~3.10 |
| FY23 (Mar 2023) | ~7.12 | ~1.76 |
Financials show steady revenue and profit growth with strong margins for an SME software business.
Company Strengths
- B2B SaaS model with recurring revenue potential — scalable enterprise solutions.
- Diversified ERP product suite across multiple business functions.
- Strong profitability metrics for an SME segment with ~29%+ PAT margins.
- Growing client base and long-term contracts — improved retention & revenue predictability.
- Product focus on high-demand sectors like education, supply chain & HR.
- Enterprise automation theme aligns with rapid digitisation in Indian markets.
Key Risks & Challenges
- Client concentration risk — a significant share of revenue may come from a small set of large clients.
- SME IPO liquidity & volatility — SME shares can have lower trading volumes and greater price swings.
- Competitive SaaS landscape — facing established domestic & international ERP/SaaS providers.
- Execution risk — scaling product and customer support effectively is key to retention and growth.
- Technology obsolescence risk — rapid changes in software demand require continuous innovation.
Disclaimer
This document is for educational and informational purposes only and does not constitute investment advice or recommendation. Investors should read the company’s Red Herring Prospectus (RHP) and consult certified financial advisors before making investment decisions. Past performance is not indicative of future results and all investments are subject to market risk.
