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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.
