Mobilise App Lab Ltd IPO
IT - Software
Price Band
₹75 – ₹80
Lot Size
1600
Minimum Bid Quantity
3200
Minimum Investment
₹256000
Issue Size
₹20.1Cr
Opens
2026-02-23
Closes
2026-02-25
Listing
02-03-2026
Subscription Status
Qualified Institutional Buyers
40.44 x
Non-Institutional Investor
125.76 x
Retail Individual Investor
88.8 x
Total
85.97 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE1YNB01019
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Mobilise App Lab Limited is an Indian software-as-a-service IT solutions provider offering digital platforms to manage and streamline enterprise operations. The company was incorporated in 2013 as Mobilise App Lab LLP and was later converted into a public limited company in 2025. The company develops and provides enterprise resource planning (ERP) solutions for business clients. Its products include EduPro ERP for educational institutions to manage admissions, attendance, fees, examinations, and academics; OpsSuite ERP, a computerised maintenance management system for asset tracking, work orders, inventory, and preventive maintenance; SCMPro ERP for supply chain processes covering source-to-contract and procure-to-pay functions; and HRevO, an ERP solution for human resource management. The company serves B2B clients across sectors, including education, healthcare, food and beverages, and facility maintenance. Mobilise App Lab Limited operates from its registered office in Faridabad, Haryana, and its corporate office in Gurugram, Haryana, India.
Pros
- • The company claims to develop modular, scalable SaaS-based ERP solutions that enable customisation to sector-specific requirements. Its platforms cater to industries such as healthcare, education, facility management, supply chain, and human resources, covering functions including asset management, procurement automation, HRMS, and educational administration systems.
- • Mobilise App Lab claims to have established long-term relationships through software license-cum-service agreements. It states that a significant portion of its revenue over the past three financial years has been derived from repeat business with existing clients, as well as from cross-selling additional products and services.
- • The company holds ISO 9001:2008 certification for its quality management systems and ISO 27001:2002 certification for information security management systems. It also claims to have received CMMI Maturity Level 3 certifications. Its products are cloud-enabled on Microsoft Azure, follow role-based access control principles, are stated to be GDPR compliant, and have undergone Vulnerability Assessment and Penetration Testing (VAPT) audits by CERT-In empanelled entities.
Cons
- • The top customer accounted for Rs 7.65 crore (57.78 percent) of the company’s revenue for the period ended December 31, 2025; Rs 12.12 crore (75.07 percent) in FY25; Rs 9.21 crore (76.40 percent) in FY24; and Rs 3.92 crore (56.43 percent) in FY23. Loss of this customer or a substantial reduction in business from this client could materially affect the company’s revenue, cash flows, and profitability.
- • Maharashtra accounted for Rs 7.09 crore (53.56 percent) of the company’s revenue for the period ended December 31, 2025; Rs 11.03 crore (68.35 percent) in FY25; Rs 8.65 crore (71.80 percent) in FY24; and Rs 3.45 crore (49.70 percent) in FY23. Any adverse changes in the economic, regulatory, taxation, or political environment in Maharashtra could materially affect the company’s revenue, business operations, and profitability.
- • HRevO accounted for Rs 6.42 crore (48.52 percent) of the company’s revenue for the period ended December 31, 2025; Rs 8.52 crore (52.79 percent) in FY25; Rs 7.39 crore (61.32 percent) in FY24; and Rs 2.85 crore (41.07 percent) in FY23. Loss of major clients using HRevO, or a decline in demand for this product, could materially affect the company’s revenue, cash flows, and overall financial performance.
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