Home / Business and Economy / Weak Debut: Mobilise App Lab Lists at 20% Discount
Weak Debut: Mobilise App Lab Lists at 20% Discount
2 Mar
Summary
- Mobilise App Lab shares listed at ₹64.10, a 20% discount to issue price.
- The IPO, worth ₹20.10 crore, aims to fund product development and expansion.
- The company reported ₹4.01 crore net profit on ₹13.24 crore revenue in late 2025.
Mobilise App Lab's shares commenced trading on the Indian stock market on March 2, 2026, with a subdued opening. The stock debuted at ₹64.10 on the NSE SME platform, marking a significant discount of approximately 20% from its issue price of ₹80.
The company's Initial Public Offering (IPO) was valued at ₹20.10 crore and comprised a fresh issue of 25 lakh shares. Mobilise App Lab intends to utilize the net proceeds from this offering to bolster its product development efforts, primarily by recruiting skilled talent to enhance its technological infrastructure.
Additional funds will be channeled into expanding business development and marketing initiatives, supporting growth within domestic markets. A portion of the proceeds is also earmarked for infrastructure upgrades and general corporate expenditures. Ahead of its public offering, the company successfully secured ₹5.70 crore from anchor investors on February 20, 2026.
Mobilise App Lab, which employs 95 people, offers its OpsSuite ERP system, a computerized maintenance management solution. This platform assists businesses in managing assets, work orders, and inventory. As of December 31, 2025, the company reported revenues of ₹13.24 crore and a net profit of ₹4.01 crore.
