Mobilise App Lab IPO debuts on NSE SME platform March 2. The Rs 20 crore initial public offering received overwhelming investor demand with 100.07 times subscription across all categories. Retail investors showed strong interest with 96.52 times subscription, while non-institutional investors drove 175.72 times demand. The grey market premium currently sits at approximately 5% above the Rs 80 issue price, suggesting a potential listing near Rs 84 and indicating modest listing gains expectations. The SaaS-based IT solutions provider, incorporated in 2012, reported total income of Rs 16.24 crore in FY25 with profit after tax of Rs 4.71 crore. The company plans to deploy IPO proceeds toward product development, business expansion, and infrastructure enhancement.
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