Quick Stats
Listing Price
64.10
(-19.88%)
Subscription
100.15x
Allotment Status
Out
Last Updated
26-03-2026 02:43 PM
Mobilise App Lab Limited IPO – Live GMP, Review & Analysis
Mobilise App Lab Limited IPO GMP Today - ₹5 (6.25%)
Last updated: 02-03-2026 10:00 AM
Grey Market Premium Analysis
As of today, the latest Grey Market Premium (GMP) for Mobilise App Lab Limited IPO is ₹5. Considering the upper price band of ₹80, the estimated listing price is ₹85 (Cap Price + GMP). This indicates a listing gain of 6.3% per share. The GMP trend has been Stable over the last 3 days.
GMP Trend Analysis
| Date | GMP Price | Est. Listing Gain | Trend |
|---|---|---|---|
| 02-03-2026 | 5 | ₹8,000 | Neutral |
| 01-03-2026 | 5 | ₹8,000 | Neutral |
| 28-02-2026 | 5 | ₹8,000 | Down |
| 27-02-2026 | 7 | ₹11,200 | Neutral |
| 26-02-2026 | 7 | ₹11,200 | Down |
| 25-02-2026 | 8 | ₹12,800 | Down |
| 24-02-2026 | 16 | ₹25,600 | Up |
| 23-02-2026 | 0 | ₹0 | Neutral |
| 22-02-2026 | 0 | ₹0 | Neutral |
| 21-02-2026 | 0 | ₹0 | Neutral |
Mobilise App Lab Limited IPO Date, Price Band & Lot Size
Price Band
₹75-80
Lot Size
1600 shares
Cutoff Investment
128000
Promoter Holding
Open
Feb 23, 2026
Close
Feb 25, 2026
Allotment Date
Feb 26, 2026
Listing Date
Mar 2, 2026
Issue Size
80
Mobilise App Lab Limited IPO Review: Business Model
*This section provides a detailed description of Mobilise App Lab Limited IPO's business operations and market position.
Mobilise App Lab Limited IPO Financial: Revenue, Profit & Margins
Key financial metrics over recent years.
*Values in Cr
Revenue
₹16 Cr
Net Profit
₹5 Cr
EBITDA
₹7 Cr
ROE
57.05%
ROCE
75.40%
Debt/Equity
0.01x
PAT Margin
29.20%
Peer Comparison
Software-as-a-Service (SaaS) and IT Solutions • FY25
| Company | Revenue (₹ Cr) | PAT (₹ Cr) | EBITDA Margin | P/E | Market Cap (₹ Cr) | Comment |
|---|---|---|---|---|---|---|
Mobilise App Lab Limited (IPO Company) IPO Company | 16.14 | 4.71 | 42.90% | 14.22 | 76.1 | Mobilise App Lab provides customized enterprise SaaS platforms, including ERP, HRMS, and supply chain solutions, primarily focused on the domestic market. |
Unicommerce eSolutions Ltd | 134.79 | 17.62 | 21.10% | 67.28 | 1,185 | Unicommerce operates as an e-commerce enablement SaaS platform, specializing in transaction processing, order management, and warehouse management for brands and sellers. |
IRIS Business Services Ltd | 125.97 | 13.25 | 17.00% | 61.53 | 796 | IRIS Business Services focuses on regulatory technology (RegTech) and SaaS, offering compliance, data, and analytics software products for regulators and enterprises globally. |
Ksolves India Ltd | 137.4 | 34.3 | 33.20% | 22.75 | 781 | Ksolves India is a software development and IT consulting company providing enterprise solutions, Big Data, and AI services to clients across various international markets. |
Analysis & Interpretation
The peer group consists of companies operating across diverse SaaS sub-sectors, ranging from e-commerce enablement and regulatory technology to enterprise IT consulting. These differences in product focus, target markets, and client acquisition strategies result in variations in revenue scale, profit margins, and valuation multiples. Companies with specialized SaaS platforms may exhibit different margin profiles and P/E ratios compared to broader IT service providers or those with differing geographic exposure.
Note: The peer group includes companies with different business models and commodity exposure. Financial metrics are provided for sectoral context and may not represent direct business equivalence.
Source: Company annual reports and publicly available financial data (FY25).
This peer comparison is for informational purposes only and is based on publicly available financial data. It does not constitute investment advice or a recommendation to buy or sell any security.
IPO Objectives (Use of Funds)
Product Development
₹5.54 Cr([•]%)To fund product development initiatives through the hiring of new talent.
Business Development & Marketing
₹3.03 Cr([•]%)To support business development and marketing efforts for domestic expansion.
Infrastructure Funding
₹5.47 Cr([•]%)To finance the enhancement and expansion of the company's infrastructure.
General Corporate Purposes
₹[•] Cr([•]%)To utilize funds for general corporate purposes and ongoing operational requirements.
Note: Objectives are as per offer documents. Utilisation may vary.
Source: RHP
For informational purposes only.
SWOT Analysis (Pros & Cons)
Comprehensive analysis of Strengths, Weaknesses, Opportunities, and Threats.
Strengths
- •Provides tailored and highly customizable SaaS solutions for diverse sectors.
- •Experienced promoters and senior management with strong industry expertise.
- •Strong client relationships driving significant repeat business and revenue.
- •High quality standards with ISO and CMMI Level 3 certifications.
Weaknesses
- •High revenue concentration on a limited number of key clients.
- •Significant geographic revenue concentration in the state of Maharashtra.
- •High dependence on a single software product, HRevO, for revenues.
- •Pending trademark registrations for company logo and core product names.
- •History of negative cash flows from investing and financing activities.
Opportunities
- •Unification of existing product portfolio into a single, comprehensive platform.
- •Expansion through seamless integration with third-party enterprise tools and platforms.
- •Scaling market presence across key domestic metropolitan regions.
- •Integration of advanced technologies like AI, ML, and IoT into products.
Threats
- •Intense competition from domestic, international, and unorganized sector players.
- •Rapid technological changes could render existing software solutions obsolete.
- •Vulnerability to cyber-attacks and unauthorized access compromising sensitive client data.
- •Potential operational disruptions due to changes in government regulations and compliance.