Updated 19.02.2026|18:06 PM
Mobilise App Lab Limited, is set to open its Initial Public Offering (IPO) on Monday, February 23, 2026 and close on February 25, 2026. It is an emerging player in the IT Software-as-a-Service (SaaS) sector. Track details of all the upcoming and live IPOs of 2026.
Established in 2013, the Pune-based company provides digital platforms for enterprise operations, including ERP solutions for education, facility management, and supply chain logistics.
Through this 100% book-built fresh issue, Mobilise App Lab aims to raise approximately ₹20.10 Crores with a price band of ₹75 to ₹80 per share. The proceeds will primarily fund product development, marketing, and infrastructure upgrades to scale its B2B operations.
In this article, you will find Mobilise App Lab IPO GMP today, price band, and a detailed review with risk analysis. And for subscription status, check our subscription section which updates day wise subscription details and for allotment status, check our regularly updated allotment status hub page.
Briefs of Mobilise App Lab IPO Details:
- Price Band: ₹75 – ₹80 per equity share
- IPO Open / Close Dates: February 23, 2026 – February 25, 2026
- Lot Size: 1,600 Shares (Note: Retail Minimum Application is 2 Lots / 3,200 Shares)
- Issue Size: 25,12,000 Equity Shares / ~₹20.10 Crores
- Fresh Issue / OFS: 100% Fresh Issue
- Registrar: Bigshare Services Pvt. Ltd.
- Listing Exchange: NSE SME
The investors who have queries regarding refunds, credit of share and allotment related, can check our detailed guide on bigshare ipo allotment status check which has all the key information.
What Is The Mobilise App Lab IPO GMP Today?
You can check the GMP of this and other issues at our GMP today section.
Note: The Grey Market Premium (GMP) changes daily based on market demand. It is an unofficial indicator and is not regularised by SEBI, NSE, or BSE. Investors should not rely solely on GMP for investment decisions.
What Are The Important Mobilise App Lab IPO Dates & Allotment Schedule?
For investors planning their capital allocation, here is the critical timeline for the issue:
- IPO Open Date: Monday, February 23, 2026
- IPO Close Date: Wednesday, February 25, 2026
- Basis of Allotment Date: Thursday, February 26, 2026
- Refund Initiation Date: Friday, February 27, 2026
- Credit of Shares: Friday, February 27, 2026
- Listing Date: Monday, March 2, 2026
What Are The Objectives of Mobilise App Lab IPO?
The company proposes to utilize the Net Proceeds from the Fresh Issue towards the following strategic purposes:
- Product Development: Approximately ₹5.54 Crores will be invested in hiring talent to enhance its software suite (EduPro, OpsSuite, etc.).
- Infrastructure: ₹5.47 Crores is allocated for IT hardware, servers, and other technological infrastructure.
- Marketing: ₹3.03 Crores will be used for business development activities to expand its domestic market reach.
- General Corporate Purposes: To fund ongoing operational needs.
How is The Financial Performance of Mobilise App Lab?
The following table summarizes the financial performance of the company based on restated financial statements.
(Figures in ₹ Crores)
| Particulars | Period Ended 31 Dec 25 | Period Ended 31 Mar 25 | Period Ended 31 Mar 24 | Period Ended 31 Mar 23 |
Total Income | 13.53 | 16.24 | 12.13 | 7.12 |
Profit After Tax (PAT) | 4.01 | 4.71 | 3.10 | 1.76 |
EBITDA | 6.40 | 6.92 | 4.38 | 2.30 |
Total Borrowing | 0.19 | 0.11 | 0.35 | 0.06 |
Assets | 15.84 | 11.92 | 6.50 | 3.39 |
Source: RHP
Financial Analysis & Observations:
Total Income:
The company has demonstrated consistent top-line growth, with Total Income rising to ₹16.24 Crores in FY25 from ₹7.12 Crores in FY23. The momentum continued in the nine months ended December 2025 with ₹13.53 Crores, driven by new customer acquisitions and long-term contracts.
Profit After Tax (PAT):
Profitability has surged significantly, with PAT margins expanding to over 30% in the recent period (Dec 2025). The absolute PAT grew from ₹1.76 Crores in FY23 to ₹4.71 Crores in FY25, showcasing the scalability of the SaaS model.
EBITDA:
Operational efficiency is a key strength, with EBITDA margins reaching an impressive 48.34% in the period ended December 2025. The absolute EBITDA of ₹6.40 Crores in just nine months reflects the company's ability to service more clients with minimal incremental fixed costs.
Total Borrowing:
Mobilise App Lab operates with negligible debt, holding total borrowings of just ₹0.19 Crores as of December 2025. This debt-free status (Debt/Equity ~0.01) significantly reduces financial risk and interest burden.
Assets:
The asset base expanded to ₹15.84 Crores by December 2025. Unlike manufacturing firms, a large portion of these assets comprises intangible assets like software development, which is typical for a technology company.
What Are The P/E Ratio and Peer Comparison?
Based on its Fiscal Year 2025 earnings per share (EPS) of ₹262.96, the IPO is priced at a Price-to-Earnings (P/E) multiple of approximately 0.30x at the upper end of the price band (₹80).
P/E Ratio = ₹80(Price) / ₹262.96 (Earnings Per Share)
P/E Ratio ≈ 0.30x
Peer Comparison Table (FY 2025 Data):
| Company | P/E Ratio | RoNW (%) | EPS (₹) |
Mobilise App Lab | 0.30 | 57.05 | 262.96 |
| Unicommerce eSolutions | 67.28 | 23.64 | 1.97 |
| IRIS Business Services | 61.53 | 16.00 | 6.28 |
Analysis:
Based on the reported FY25 EPS of ₹262.96, Mobilise App Lab is entering the market at a P/E multiple of approximately 0.30x. This figure appears exceptionally low and suggests a massive discount when compared to listed peers like Unicommerce eSolutions (67.28x) and IRIS Business Services (61.53x).
Note on Valuation: Investors should be aware that such a high EPS relative to the issue price typically indicates that the historical EPS figures are based on the company's equity capital structure prior to recent corporate actions (such as bonus issues or stock splits) that increased the number of shares. While the P/E appears negligible on paper, the company's strong Return on Net Worth (RoNW) of 57.05% confirms high operational efficiency relative to its peers.
What is the Industry Outlook of Mobilise App Lab Limited ?
Growth Potential:
The Indian SaaS market is projected to reach $50 billion by 2030. The demand for digital transformation in education (EdTech) and facility management is a strong tailwind for Mobilise's specialized ERP solutions.
Market Trends:
Enterprises are increasingly adopting cloud-based solutions for scalability and cost-efficiency. Mobilise's diverse product portfolio catering to HR, Supply Chain, and Education positions it well to capture this demand across multiple verticals.
What Are The Strengths and Risks of Mobilise App Lab IPO?
Strengths:
- High Profitability: With PAT margins exceeding 30% and EBITDA margins near 48%, the company demonstrates strong pricing power and cost control.
- Debt-Free Status: Operating with virtually zero debt allows the company to reinvest all profits into growth and product development.
- Experienced Leadership: The promoters bring over two decades of IT experience, ensuring technical and strategic competence.
Risks:
- Client Concentration: A significant risk is the high dependence on a single client (nearly 58% of revenue). Losing this key account could severely impact financials.
- Geographic Concentration: Over 53% of revenue comes from Maharashtra. Any regional economic disruption could affect business continuity.
- Negative Cash Flows: The company has reported negative cash flows from investing activities in the past due to software development costs, which is a key monitorable.
Key Considerations for Investors
This section is for information purposes only and does not constitute financial advice.
Investors should note the Minimum Investment structure.
- Minimum Application: The lot size is 1,600 Shares. Based on the data provided, the minimum application for Retail Individual Investors is 2 Lots (3,200 Shares), amounting to ₹2,56,000. Note: This investment amount exceeds the typical ₹2 Lakh retail limit, which implies this category effectively targets HNI investors.
- Valuation: At ~0.30x P/E, the pricing is very attractive compared to the SaaS industry average.
- Risk Profile: The company is high-growth and profitable but carries significant client concentration risk.
Key Takeaways
- IPO Price: ₹80 per share (Upper Band).
- Min Investment: ₹2,56,000 (3,200 Shares).
- Allotment: February 26, 2026
- Listing: NSE SME platform on March 2, 2026.
FAQs on Mobilise App Lab IPO
What is Mobilise App Lab IPO GMP today?
The GMP is a dynamic market sentiment indicator. Please check our dedicated GMP section for the latest updates.
What is Mobilise App Lab IPO price band?
The price band is fixed at ₹75 to ₹80 per equity share.
What is Mobilise App Lab IPO allotment date?
The allotment status is expected to be finalized on Thursday, February 26, 2026.
How to check Mobilise App Lab IPO allotment status?
Investors can check the status on the website of Bigshare Services Pvt. Ltd. (the Registrar) or via the NSE IPO allotment portal.
What is Mobilise App Lab IPO listing date?
The shares are tentatively scheduled to list on Monday, March 2, 2026.
Investment Perspective on Mobilise App Lab IPO
Mobilise App Lab offers a compelling entry into the high-margin SaaS sector with attractive valuations and strong return ratios. However, the high ticket size for retail investors and client concentration risks are critical factors to weigh against the growth potential.
Disclaimer:
This article is strictly for educational purposes. Please consult a SEBI-registered investment advisor before making any investment decisions.
