Mobilize App shares debut today on NSE SME. GMP indicates a positive rating

The shares of Mobilize App Lab will be listed on the NSE SME platform on March 2, with the gray market premium currently around 5% above the issue price of Rs 80. This suggests a potential listing price near Rs 84, indicating modest listing gains in the unofficial market.The Rs 20 crore IPO, which closed on February 25, received an overwhelming response and was subscribed a total of 100.07 times. The retail category was subscribed 96.52 times, while the NII segment saw strong demand 175.72 times. The QIB part was registered 49.16 times.

The IPO included a fresh issue of 25.12 lakh shares, raising a total of Rs 20.10 crore.

The company plans to use Rs 5.54 crore for product development by hiring talent, Rs 3.03 crore for business development and marketing, Rs 5.47 crore for infrastructure and the rest for general corporate purposes.

Founded in 2012, Mobilize App Lab is a SaaS-based IT solutions provider offering enterprise platforms such as ERP solutions for educational institutions, HRMS systems, supply chain solutions, and facility and asset management systems. It operates cloud-based, process-oriented platforms designed to improve automation and efficiency.

Financially, the company reported a total income of Rs 16.24 crore in FY25 and a profit after tax of Rs 4.71 crore. For the nine months ended December 2025, it posted a PAT of Rs 4.01 crore on an income of Rs 13.53 crore.

Despite the strong 100-fold subscription rate, the 5% gray market premium signals expectations of moderate listing gains rather than a sharp spike. Given the liquidity dynamics in the SME segment, listing performance may remain volatile, but the combination of high subscriptions and positive GMP suggests a solid debut unless broader market sentiment weakens.