Mobilise App Lab IPO opens February 23 with ₹

Mobilise App Lab Limited is set to launch its Initial Public Offering (IPO) on February 23, 2026, aiming to raise ₹20.10 crore through a Book Built Issue. The IPO will close on February 25, 2026, and the shares are expected to be listed on the NSE on or about March 2, 2026.

The company operates in the technology and IT services sector, providing digital transformation solutions, enterprise mobility services, custom software development, and IT consulting. With increasing demand for digital adoption across industries, the IPO comes at a time when enterprises are investing heavily in technology upgrades.

This article provides a detailed look at the IPO structure, company business model, financial positioning, industry outlook, valuation, risks, and what investors should evaluate before applying.

IPO Structure and Key Details

The Mobilise App Lab IPO is entirely a fresh issue of 0.25 crore equity shares, aggregating to ₹20.10 crore. There is no Offer for Sale component, meaning the entire proceeds will go to the company for business growth and operational needs.

Important IPO Details

• IPO Opening Date: February 23, 2026

• IPO Closing Date: February 25, 2026

• Allotment Date: February 26, 2026

• Listing Date: March 2, 2026

• Issue Size: ₹20.10 crore

• Price Band: ₹75 to ₹80 per equity share

• Market Capitalisation at ₹80: ₹76.10 crore

• Lot Size: 1600 shares

Minimum Investment

• Retail Investors: Minimum 2 lots (3,200 shares)

  • Investment Amount: ₹2,56,000

• HNI Investors: Minimum 3 lots (4,800 shares)

  • Investment Amount: ₹3,84,000

The relatively higher ticket size makes this IPO more suitable for investors with larger capital allocation capacity.

About Mobilise App Lab Limited

Mobilise App Lab Limited is a technology-driven company engaged in delivering:

• Digital transformation solutions

• Enterprise mobility services

• Custom software development

• Enterprise application development

• System integration

• IT consulting services

• Ongoing maintenance and support

The company primarily earns revenue through:

• Software development contracts

• Long-term enterprise technology partnerships

• Application maintenance agreements

• IT consulting engagements

Its solutions help enterprises improve:

• Operational efficiency

• Customer engagement

• Digital capabilities

• Workflow automation

• Data management systems

The company caters to corporates across sectors seeking to modernise operations and improve digital presence.

Business Model and Revenue Streams

Mobilise App Lab operates on a project-based and service-based revenue model. Revenue is typically generated through:

1. Fixed-price software development contracts

2. Time-and-material contracts

3. Annual maintenance contracts

4. Enterprise system integration projects

The company benefits from the ongoing digital transformation trend across industries, including:

• Financial services

• Healthcare

• Retail

• Manufacturing

• Education

• Enterprise services

Digital transformation has become a strategic priority for organisations aiming to remain competitive in a technology-driven market.

Use of IPO Proceeds

Since the issue is entirely a fresh issue, the net proceeds will be used for:

• Working capital requirements

• Investment in technology infrastructure

• Business expansion initiatives

• General corporate purposes

Investment in skilled manpower and technology tools is crucial in the IT services sector to remain competitive.

Industry Outlook

India’s IT and digital services sector continues to witness growth due to:

• Rapid enterprise digitisation

• Cloud adoption

• Mobile-first strategies

• Data analytics integration

• Artificial intelligence and automation deployment

Small and mid-sized IT companies are benefiting from increasing outsourcing demand and digital transformation mandates from corporates.

However, competition remains intense, and companies must continuously upgrade capabilities to sustain growth.

Grey Market Premium Analysis

The Grey Market Premium (GMP) for the Mobilise App Lab IPO is currently reported at ₹0.

This indicates neutral sentiment in the unofficial market. Investors should understand that:

• Grey market trading is unregulated

• GMP is influenced by informal demand and supply

• It does not guarantee listing performance

• Market conditions can change before listing

GMP should not be the primary factor for making investment decisions.

Valuation Analysis

At the upper price band of ₹80, the company’s market capitalisation will be approximately ₹76.10 crore.

Investors should assess:

• Revenue growth trajectory

• Profit margins

• Client concentration risk

• Recurring revenue proportion

• Peer comparison in SME IT segment

• Earnings multiples

As an SME IPO, liquidity may be relatively lower compared to mainboard listings.

Strengths of the Company

Mobilise App Lab Limited has certain strengths:

• Presence in growing digital transformation segment

• Diverse IT service offerings

• Enterprise-focused client base

• Recurring revenue through maintenance contracts

• Exposure to technology-driven business trends

The increasing need for digital solutions across industries provides structural demand support.

Risks to Consider

Despite growth opportunities, investors should consider certain risks:

Client Concentration Risk

Dependence on a few major clients may impact revenue stability.

Talent Retention

The IT industry faces competition for skilled professionals.

Rapid Technology Changes

Failure to adapt to evolving technologies can reduce competitiveness.

SME Platform Liquidity

Lower trading volumes post-listing may impact exit flexibility.

Market Sentiment and Subscription Watch

With GMP currently at ₹0, early market sentiment appears neutral. Investors may watch:

• Subscription trends across categories

• Institutional participation

• Anchor investment interest

• Overall market conditions during IPO period

Given the minimum retail investment of ₹2.56 lakh, participation may be limited to investors with higher risk appetite.

Conclusion

The Mobilise App Lab IPO offers investors exposure to the growing digital transformation and IT services sector. The issue size of ₹20.10 crore, entirely a fresh issue, indicates that funds will directly support business growth and operational expansion.

With a price band of ₹75 to ₹80 and a projected market capitalisation of ₹76.10 crore, the IPO is positioned in the SME segment.

The current Grey Market Premium of ₹0 reflects neutral unofficial sentiment. Investors should focus on fundamentals, financial performance, and long-term growth prospects rather than relying on GMP alone.

The IPO opens on February 23, 2026, and closes on February 25, 2026, with listing expected on March 2, 2026.

As with any SME IPO, investors should carefully evaluate risks, liquidity considerations, and portfolio allocation before making an investment decision.

20.10 crore fresh issue. Check price band, lot size, GMP, listing date and detailed analysis.

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