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Mobilise App IPO
Mobilise App Lab Ltd
₹2,40,000 /3200 sharesMinimum investment
IPO details
Minimum investment
₹2,40,000
Price range
₹75 - ₹80
Lot size
1,600
Issue size
20.10 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
23 Feb 2026
IPO open date
25 Feb 2026
IPO close date
26 Feb 2026
Allotment date
26 Feb 2026
Funds unblock or debit
2 Mar 2026
Tentative listing date
About
Founded in
2013
MD/CEO
Mr. Ashish Sharma
Parent organisation
Mobilise App Lab Ltd
Mobilise App Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
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.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 6.94 crore in FY23 to Rs 12.06 crore in FY24 and Rs 16.14 crore in FY25. PAT increased from Rs 1.76 crore in FY23 to Rs 3.10 crore in FY24 and Rs 4.71 crore in FY25.
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.
The company reported negative cash flow from investing activities amounting to Rs 4.63 crore for the period ended December 31, 2025; Rs 3.46 crore in FY25; Rs 2.04 crore in FY24; and Rs 0.61 crore in FY23. Additionally, negative cash flow from financing activities amounted to Rs 0.17 crore for the period ended December 31, 2025; Rs 0.27 crore in FY25; Rs 1.30 crore in FY24; and Rs 0.26 crore in FY23. Continued negative cash flows in the future could hurt the company’s liquidity, financial condition, and ability to fund its operations or expansion plans.
Repeat customers accounted for Rs 11.08 crore (83.74 percent) of the company’s revenue for the period ended December 31, 2025; Rs 15 crore (92.94 percent) in FY25; Rs 11.82 crore (98.06 percent) in FY24; and Rs 6.68 crore (96.15 percent) in FY23. Failure to retain these repeat or key customers, secure contract renewals, or receive timely payments could adversely affect the company’s business, cash flows, and financial performance.
Purchase of raw materials from Haryana accounted for Rs 0.41 crore (14.77 percent) of the company’s total purchases for the period ended December 31, 2025; Rs 1.58 crore (44.14 percent) in FY25; Rs 1.16 crore (36.40 percent) in FY24; and Rs 0.80 crore (36.65 percent) in FY23. Any disruption in supplier operations, regulatory changes, or logistical challenges in Haryana could hurt the company’s procurement process, cost structure, and overall financial performanc
Application details
For Mobilise App IPO, eligible investors can apply as Individual investor.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Individual investor | ₹75 - ₹80 | ₹2 - ₹5 Lakhs | 1600 |