MA

Mobilise App SME

SME₹20.1 Cr issue
-19.88%
Listing gain over issue price
Issue size
₹20.1 Cr
1 lot at cut-off
₹1,28,000
Lot size
1,600shares
Allotment
26 Feb 2026
Listing
02 Mar 2026

Listing performance

Issue price
₹80
Listed at
₹64.1
Listing-day close
₹67.3
Latest price
₹109
Listing gain
-19.88%
Return since listing
+36.25%

Scheduled dates

Tentative timetable — a past date is not confirmation the step completed

  1. Allotment
    26 Feb 2026
  2. Refund
    27 Feb 2026
  3. Demat credit
    27 Feb 2026
  4. Listing
    02 Mar 2026

Grey market premium

Unofficial and indicative — not a forecast

₹4

3 observations recorded — too few to plot a trend.

Day-wise premium · 3 observations
DateGMP%SaudaEst. listingGain / lot
02 Mar 2026₹4+5.00%₹4,900₹84₹6,400
01 Mar 2026₹4+5.00%₹4,900₹84₹6,400
28 Feb 2026₹4+5.00%₹4,900₹84₹6,400

Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.

Issue details

Listing date
02 Mar 2026
Face value
₹10 per share
Issue price
₹80 per share
Lot size
1,600 shares
Total issue size
₹20.1 Cr
Market cap at offer price
₹76.1 Cr
Promoter holding
96.00% → 70.65% pre-issue → post-issue
ISIN
INE1YNB01019
Registrar
Bigshare Services Pvt.Ltd.
Lead managers
Corporate Capitalventures Pvt.Ltd.
Registered office
62-B, HSIDC, Sector-31, Haryana

Reservation and application size

How the issue is split between investor categories, and what each may bid

Investor categoryShares% of net% of total
Anchor investor · within QIB7,13,600
Market maker 1,26,400

Application size

Minimum 1,600 shares per lot, in multiples, at ₹80

ApplicationLotsSharesAmount
Retail (min)11,600₹1,28,000
S-HNI (min)23,200₹2,56,000
S-HNI (max)711,200₹8,96,000
B-HNI (min)812,800₹10,24,000

Category limits

CategoryBid sizeCut-off
Retail (RII)Up to ₹2 lakhYes
Small HNI (sNII)₹2 lakh – ₹10 lakhNo
Big HNI (bNII)Above ₹10 lakhNo
EmployeeUp to ₹5 lakhYes

Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.

Anchor investors

Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.

Shares allocated
7,13,600
Anchor portion
₹5.71 Cr
at ₹80 per share

Valuation and performance

Valuation at offer price

₹80 per share

MetricPre-issuePost-issue
EPS (₹)6.735.63
P/E (×)11.8914.21
Price to book (×)1.94
Market cap₹76.1 Cr

Key performance indicators

Latest reported period

Return on net worth
57.05%
ROCE
75.40%
Debt / equity
0.01
PAT margin
29.20%
EBITDA margin
42.90%
NAV per share
₹41.3
Price to book
1.94

Single period as reported. Year-on-year movement is in the financials table below, where every period is published.

About Mobilise App SME

Mobilise App Lab Limited began in April 2013 as 'Mobilise App Lab LLP', was converted into Mobilise App Lab Private Limited on July 17, 2023, and became Mobilise App Lab Limited after a shareholders' resolution on March 12, 2025 (fresh certificate dated April 17, 2025). Operating from a registered office in Faridabad and a corporate office in Gurugram, it develops cloud-hosted ERP/SaaS products: EduPro (school/university ERP actively used by educational institutions with 34,303 students), OpsSuite (a computerized maintenance management system through which 8,71,643 assets are managed across Indian states, including a fixed asset tagging project awarded by Bangalore International Airport Limited in April 2025), SCMPro (a source-to-contract and procure-to-pay supply chain suite), and HRevO (an HRMS managing active employee data for over 4,11,521 individuals worldwide, including approximately 3,00,378 in India). It sells to B2B clients who serve end customers rather than selling directly to individual users. In Fiscal 2025 it reported revenue from operations of ₹1,614.09 lakhs and profit after tax of ₹471.33 lakhs. The company is undertaking an NSE Emerge IPO comprising a fresh issue of 25,12,000 equity shares.

https://mobilise.co.in/ ↗

Company Analysis

from DRHP

Mobilise App Lab Limited is an Indian software-as-a-service IT solutions provider whose ERP platforms span education, facility & asset management, supply-chain procurement, and human-resource management.

Mobilise App Lab Limited began in April 2013 as 'Mobilise App Lab LLP', was converted into Mobilise App Lab Private Limited on July 17, 2023, and became Mobilise App Lab Limited after a shareholders' resolution on March 12, 2025 (fresh certificate dated April 17, 2025). Operating from a registered office in Faridabad and a corporate office in Gurugram, it develops cloud-hosted ERP/SaaS products: EduPro (school/university ERP actively used by educational institutions with 34,303 students), OpsSuite (a computerized maintenance management system through which 8,71,643 assets are managed across Indian states, including a fixed asset tagging project awarded by Bangalore International Airport Limited in April 2025), SCMPro (a source-to-contract and procure-to-pay supply chain suite), and HRevO (an HRMS managing active employee data for over 4,11,521 individuals worldwide, including approximately 3,00,378 in India). It sells to B2B clients who serve end customers rather than selling directly to individual users. In Fiscal 2025 it reported revenue from operations of ₹1,614.09 lakhs and profit after tax of ₹471.33 lakhs. The company is undertaking an NSE Emerge IPO comprising a fresh issue of 25,12,000 equity shares.

Software as a Service (SaaS)Enterprise Resource Planning (ERP) softwareInformation technology solutionsHuman Resource Management Systems (HRMS)Supply Chain Management softwareEducation technology

Objects of the Issue

  • Funding requirement in product development through talent hiring for the company
    ₹554.43 lakhs p.74
  • Funding requirement toward business development and marketing activities aimed at driving the organization's expansion across domestic markets
    ₹303.28 lakhs p.74
  • Funding towards the infrastructure of the company
    ₹469.44 lakhs p.74
  • General Corporate Purposes
    p.74

Issue Structure

Total Issue
25,12,000 Equity Shares aggregating to ₹ [●] Lakhs
Fresh Issue
25,12,000 Equity Shares aggregating to ₹ [●] Lakhs
Offer for Sale
Nil
Price Band
₹ [●] to ₹ [●] per Equity Share of face value of ₹ 10/- each
Face Value
₹ 10 per Equity Share

Business Model

Recurring, subscription-led revenue: the company charges clients a Monthly Recurring Charge (MRC) for continued access, support and updates, plus a separate Change Cost for modifications beyond agreed scope. Pricing varies by product — EduPro is billed per student per month (PSPM); OpsSuite uses a flexible mix of fees based on the number of assets managed, sites covered, or lump-sum enterprise packages; SCMPro is collected as a lump sum based on project scope; and HRevO combines per-employee-per-month licensing with lump-sum annual/multi-year enterprise contracts.

Business Segments

Comprehensive Human Resources Management System covering talent acquisition, employee records, payroll and expense tracking, talent development and people analytics across the employee lifecycle.
Facility and asset management platform enabling businesses to manage physical assets, work orders, equipment and asset history, inventory levels, preventive maintenance and calibration, with IoT integration; used across Healthcare, Food & Beverages, Facility Maintenance and other industries.
Supply chain management solution integrating Source-to-Contract (supplier discovery, sourcing, negotiations, contract creation and lifecycle management) and Procure-to-Pay (purchase requests, purchase orders, GRNs, invoice processing and payments).
School & university ERP covering enrollment/admissions, attendance, fee collection, examination and result management, transport, hostel, library, payroll and mobile app integration for teachers and parents; actively used by institutions with 34,303 students.

Promoters

NameRolePre-IssuePost-Issue
Mr. Ashish SharmaPromoter70.00%
Mrs. Smriti SharmaPromoter14.00%
Dr. Manish SharmaPromoter10.00%
Mr. Kripa Shanker SharmaPromoter Group1.00%
Mrs. Kusum Lata SharmaPromoter Group1.00%

Leadership

Mr. Ashish Sharma · Managing Director
Mrs. Smriti Sharma · Whole-Time Director
Dr. Manish Sharma · Non-Executive Director
Mr. Rakesh Khanduja · Independent Director
Retd. Major Prashant Veer Singh · Independent Director
Ms. Indu Srree · Chief Financial Officer
Mr. Amit Kumar · Company Secretary & Compliance Officer

Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.

Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers — it is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price. Nothing here is investment advice or a recommendation; read the offer document and consult a SEBI-registered adviser before applying.