Mobilise App SME IPO Day 3: Check GMP, subscription status and key details

The Rs 20.10 crore Mobilise App Lab Limited IPO has entered its third day of bidding, attracting significant investor attention. In the grey market, the IPO is trading at a premium of Rs 8, roughly 10% above its upper price band of Rs 80, suggesting a potential listing price of Rs 88.

As per NSE data, by Day 2, the issue had already been subscribed to 12 times for the offered 25.12 lakh shares, signalling robust demand from investors.

Mobilise App Lab Limited, a cloud-based SaaS solutions provider, is looking to raise Rs 20.10 crore through its SME IPO, which will be listed on the NSE Emerge platform. The company is offering 25,12,000 equity shares at a face value of Rs 10 each, priced in the band of Rs 75-80 per share.


The IPO has been structured to allocate shares across different investor categories, including up to 7,13,600 shares for anchor investors, 4,76,800 for qualified institutional buyers (QIBs), not less than 3,60,000 for non-institutional investors, 8,35,200 for retail individual investors, and 1,26,400 for market makers. Each retail application will require a lot size of 1,600 shares.

The IPO, which commenced on Monday, February 23, is scheduled to close today, February 25. The allotment is expected to be finalised on February 26, with the shares tentatively set to list on March 2.

IPO proceeds to drive growth

The net proceeds from the IPO will be utilised for product development, talent acquisition, business expansion, marketing activities, infrastructure enhancement, and general corporate purposes. Corporate CapitalVentures Private Limited is the Book Running Lead Manager, while Bigshare Services Private Limited is the registrar to the issue.

About Mobilise App Lab

Mobilise App Lab Limited specialises in AI-enabled SaaS and ERP platforms that streamline enterprise operations across education, healthcare, supply chain, facility management, and human resources. Its key offerings include EduPro for education ERP, OpsSuite for asset and maintenance management, SCMPro for supply chain management, and HRevO for HR lifecycle management.

On the financial front, in FY25, Mobilise App reported revenue of Rs 16.14 crore, with an EBITDA margin of 42.90% and a PAT margin of 29.20%. For the nine months ended December 2025, the company achieved revenue of Rs 13.23 crore, with an improved EBITDA margin of 48.34% and a PAT margin of 30.32%.

Also read: Omnitech Engineering IPO opens for subscription. Check brokerages review, GMP and other details

With robust subscription numbers and a healthy grey market premium, the Mobilise App SME IPO is poised for a promising debut on the NSE Emerge platform, reflecting investor confidence in its SaaS-driven growth strategy and expanding market footprint.

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