February 23, 2026
6 mins read
Mobilise App Lab Limited is an Indian Software-as-a-Service (SaaS) provider that specialises in digital platforms for enterprise operations, including asset management and specialized ERP systems. The company is launching its initial public offering on February 23, 2026, which will remain open for subscription until February 25, 2026. This issue comprises a total of 25,12,000 shares, aggregating to a value of approximately ₹20.09 crore, with a designated price band of ₹75 to ₹80 per share. Retail investors can participate by bidding for a minimum lot size of 1,600 shares, requiring an investment of ₹2,56,000 for two lots. The proceeds from this NSE SME listing are intended to fund product development, talent acquisition, and domestic market expansion.
Mobilise App Lab Limited, established in 2012, operates as a technology entity specialising in Software-as-a-Service (SaaS) solutions for enterprise-level operations. The organisation focuses on the development of scalable digital platforms designed to facilitate asset management, human resource tracking, and specialized ERP functions for educational and healthcare institutions. By utilising cloud-based architecture, the firm provides tools that support business automation and data-driven decision-making. Its market position is defined by its role as a solution provider for a client base across several Indian states, offering proprietary products like EduPro and OpsSuite to manage complex organizational workflows. The core business model revolves around providing integrated IT products that cater to specific sectoral needs, such as supply chain management and computerized maintenance. With a workforce of approximately 95 professionals, the company maintains its operations by focusing on long-term client engagements and technical customisation.
To apply for the IPO, eligible investors can use the Application Supported by Blocked Amount (ASBA) facility through their net banking portal or a UPI-linked brokerage application. Upon logging into the platform, the investor should navigate to the IPO section and select the entry for this issuance to enter a bid price within the designated price band of ₹75 to ₹80 per share. Once the bid details and Demat account information are provided, the investor must authorise the mandate request via their UPI app or net banking portal to block the corresponding investment amount. These funds remain restricted in the investor's bank account until the allotment is finalised, at which point the amount is either debited for allotted shares or unblocked if no allotment occurs.
For more details, visit the Mobilise App Lab Limited IPO page.
Details | Information |
IPO Date | Feb 23, 2026 to Feb 25, 2026 |
Issue Size | 25,12,000 shares (agg. up to ₹20.09 Cr) |
Price Band | ₹75 to ₹80 per share |
Lot Size | 1,600 shares |
Listing At | NSE SME |
Market Maker | SS Corporate Securities Ltd. |
Funding requirement in product development through Talent Hiring for the company
Funding requirement toward business development and marketing activities aimed at driving the organisation’s expansion across domestic markets
Funding towards the Infrastructure of the company
General Corporate Purposes
Event | Date |
IPO Open Date | Mon, Feb 23, 2026 |
IPO Close Date | Wed, Feb 25, 2026 |
Tentative Allotment | Thu, Feb 26, 2026 |
Initiation of Refunds | Fri, Feb 27, 2026 |
Credit of Shares to Demat | Fri, Feb 27, 2026 |
Tentative Listing Date | Mon, Mar 2, 2026 |
Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 25, 2026 |
₹75 to ₹80 per share
Application | Lots | Shares | Amount |
Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,56,000 |
Individual investors (Retail) (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 |
The Mobilise App Lab Limited IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Access your trading account using the broker's app or website.
Go to the IPO section to view active IPO listings.
Locate Mobilise App Lab Limited IPO in the list of available IPOs and click the ‘Apply’ button.
Specify the number of shares (lot size: 1600 shares) within the price band of ₹75 to ₹80 per share.
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Submit the application and monitor the allotment status to check if shares have been allocated to you.
The allocation of shares in the Mobilise App Lab IPO is structured across investor categories in line with applicable regulatory requirements. The issue provides defined reservations for qualified institutional buyers, non-institutional investors, and retail individual investors, with each category allotted a specified proportion of the net issue. This allocation framework outlines how the shares offered are distributed among different classes of investors.
Investor Category | Shares Offered |
Market Maker Shares Offered | 1,26,400 (5.03%) |
QIB Shares Offered | 11,90,400 (47.39%) |
− Anchor Investor Shares Offered | 7,13,600 (28.41%) |
− QIB (Ex. Anchor) Shares Offered | 4,76,800 (18.98%) |
NII (HNI) Shares Offered | 3,60,000 (14.33%) |
Retail Shares Offered | 8,35,200 (33.25%) |
Total Shares Offered | 25,12,000 (100.00%) |
This reservation structure reflects the categorisation and allocation approach disclosed for the issue, indicating the proportion of shares available to each investor segment.
Total Assets: Grew from ₹3.39 crore in FY23 to ₹15.84 crore as of Dec 2025.
Total income: Recorded at ₹13.53 crore in Dec 2025, as compared to ₹7.12 crore in FY23.
Profit After Tax (PAT): Reported at ₹4.01 crore in Dec 2025, and ₹1.76 crore in FY23.
Net Worth: Recorded at ₹12.06 crore in Dec 2025 in comparison to ₹2.07 crore in FY23.
Total Borrowing: Stood at ₹0.19 crore in Dec 2025, as compared to ₹0.06 crore in FY23.
EBITDA: Stood at ₹6.40 crore in Dec 2025 in comparison to ₹2.30 crore in FY23.
The company has seen an increase in its total assets over the reporting period, reflecting an expansion in its underlying resource base.
Total income has followed an upward trend, indicating a rise in the company's operational activities and market reach.
The profit after tax (PAT) has improved, suggesting an increase in the bottom-line performance relative to previous financial cycles.
The EBITDA figures show a positive movement, indicating steady growth in earnings derived from core business operations before interest, taxes, and depreciation.
The company’s net worth has strengthened, representing an increase in the total equity and internal reserves.
While there has been an adjustment in total borrowings, the company maintains a specific debt structure to support its ongoing financial requirements.
Sectoral and Regulatory Dependency: The business operations are subject to evolving regulatory frameworks and policy shifts within the technology and enterprise software sectors, which may impact project timelines and pricing structures.
Funding and Execution Requirements: Continued expansion and product development activities necessitate consistent access to capital and efficient operational execution; any variation in these conditions could influence the company’s financial outcomes.
Alignment with Digital and Enterprise Technology: The company’s focus on enterprise SaaS platforms and digital transformation solutions positions it to benefit from increasing technology adoption across industries.
Scalable Service Integration: With established capabilities in project engineering, plant operations, and proprietary software development, the organisation has the scope to pursue additional service engagements and expand its footprint across multiple domestic industries.
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 |
Registrar | Lead Manager(s) |
Bigshare Services Pvt.Ltd. | Corporate Capitalventures Pvt.Ltd. |
Mobilise App Lab Ltd. 62-B, HSIDC, Sector-31, Faridabad, Haryana, 121002
Phone: +91- 9289965136
Email: cs@mobilise.co.in
Website: https://mobilise.co.in/
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Mobilise App Lab IPO allotment status.
The leadership of the company is headed by Mr. Ashish Sharma, who serves as the Managing Director. He is a key promoter and has been associated with the company’s transition from its early focus on educational software to a broader suite of enterprise-grade SaaS products.
The subscription window for this initial public offering is scheduled to open on Monday, February 23, 2026. The issue will remain available for bidding until Wednesday, February 25, 2026.
The core business involves providing specialized Software-as-a-Service (SaaS) platforms, including ERP systems for schools, asset management tools, and human resource management software. Sustainability is supported by a recurring revenue model from software licenses and the increasing digital adoption within Indian enterprises; however, long-term performance depends on the company's ability to maintain technological relevance and manage a concentrated client base in a competitive software environment.
The company is offering 25,12,000 equity shares in total. At the upper end of the price band (₹80), the total issue size is approximately ₹20.09 crore.
Pre-applying is a facility provided by certain brokerage applications that allows investors to place their orders a few days before the IPO officially opens. This process is designed for convenience, allowing the application to be automatically submitted to the exchange once the window opens, though it does not provide any preferential treatment in the allotment process.
The minimum lot size for the issue is 1,600 shares. For retail individual investors, the application requirement is set at two lots, which equates to 3,200 shares. At the upper price band, this represents a minimum investment of ₹2,56,000.
The basis of allotment is expected to be finalised on Thursday, February 26, 2026. Successful applicants can expect the shares to be credited to their Demat accounts by Friday, February 27, 2026, which is also the day refunds are initiated for unsuccessful bidders.
Bigshare Services Private Limited has been appointed as the official registrar for this IPO. They are responsible for overseeing the application processing, allotment finalisation, and the refund mechanism.
There are no publicly stated governance issues or red flags highlighted. Details are available in the offer documents, including sections on management, board composition, and risk factors, for detailed and verified disclosures.
Investors can apply through their bank’s net banking portal using the ASBA facility or through a UPI-enabled brokerage app. The process involves selecting the IPO, entering the bid price within the ₹75–₹80 range, and authorizing the blocking of funds in the bank account until the allotment process is concluded.
A Demat account is mandatory for any individual wishing to apply for this IPO. Since the shares are issued and traded exclusively in electronic form on the NSE SME platform, they cannot be held in physical certificates.
Confirmation of a successful application is typically sent via SMS or email by the exchange and the registrar once the allotment is finalised. Additionally, investors can check the status on the registrar's website using their PAN or application number, or by checking if the blocked funds have been debited from their bank account.
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Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited
This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing.
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