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Mobilise App Lab Ltd IPO

Status: Closed

Overview

IPO date
23 Feb 2026 to 25 Feb 2026
Face value
₹ 10 per share
Price
₹ 0 per share
Issue Size
0 shares
(aggregating up to ₹ 0 Cr)
Allotment Date
01 Jan 1970
Listing at
NSE
Issue type
Book Building
Sector
IT - Software

Objectives of Mobilise App Lab Ltd IPO

Mobilise App Lab Ltd IPO Strategy

About Mobilise App Lab Ltd

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T&C*

Strengths vs Risks of Mobilise App Lab Ltd

Know the pros & cons

Strengths

  • arrowExperienced Promoter and management team with strong industry expertise and successful track record.
  • arrowOne stop solution provider.
  • arrowRecurring and non-recurring, repeat revenues from long standing customer relationships.
  • arrowDiversified revenue streams.
  • arrowHighly passionate & focused on Quality Assurance, backed by ISO certifications.

Risks

  • arrowThe immediate relatives of its promoters, who are deemed to be a part of the Promoter Group under the SEBI ICDR Regulations have not provided consent, information or any confirmations or undertakings pertaining to themselves which are required to be disclosed as part of the Promoter Group in this Draft Red Herring Prospectus.
  • arrowSubstantial portion of the company's revenues has been dependent upon Top 1 Client and also on few clients (Top 10). The loss of any one or more of its major clients would have a material effect on the company's business operations and profitability.
  • arrowMajority of our sales for the last 3 years is dependent majorly on Maharashtra. Any loss of business from may adversely affect our revenues and profitability.
  • arrowSubstantial portion of our revenues has been dependent upon our software product i.e. HRevO. The loss of any one or more of our major clients would have a material effect on our business operations and profitability.
  • arrowThe Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
  • arrowThe company's Promoters play a vital role in the development and growth of its business operation. Any loss of their services or reduced involvement may adversely affect the company's business, operations, and financial condition.
  • arrowIf the company fails to attract and retain IT professionals, the company's promoters, directors and senior management we may not have the necessary resources to properly staff projects and failure to successfully compete for such IT professionals could adversely affect its business, financial condition and results of operations.
  • arrow The company's trademarks related to our company logo and products are pending and the company does not own the trademark legally as on date. The company may be unable to adequately protect its intellectual property. Furthermore, the company may be subject to claims alleging breach of third-party intellectual property rights.
  • arrowThe Company may incur penalties or liabilities for delays in filings with certain provisions of the GST Act, Income Tax Act, and other applicable laws in the last 5 Years.
  • arrowThe company's Restated Financial Statements are Prepared and Signed by the Peer Review Chartered Accountants who is not Statutory Auditors of the Company.
  • arrowThe Company has not complied or delayed in compliances with some statutory provisions of the Companies Act 2013. Such non-compliance and delayed compliance may attract penalties against the company which could impact the financial position of the company to that extent.
  • arrowThe company's Business is Substantially Dependent on Intangible Assets, i.e Computer's Software, and Any Impairment, Devaluation or Erosion of Such Assets Could Materially and Adversely Affect the company's Financial Condition, Results of Operations and Prospects.
  • arrowThe Company has given guarantee of ? 250.00 Lakhs out of which ? 91.29 Lakhs is outstanding as on July 31, 2025 in respect to the loan taken by its Promoters i.e. Mr. Ashish Sharma. We cannot assure that there will be no default on their part in the future.
  • arrowSignificant disruptions in the company's information technology systems or breaches of data security could affect its business and reputation.
  • arrowThe company has experienced negative cash flows in investing and financing activities and any negative cash flows in the future could adversely affect its financial conditions and results of operations.
  • arrowAny failures to maintain satisfactory performance of the company's software infrastructure, particularly those leading to disruptions in the company's services, could adversely affect our business and reputation, and its business may be harmed if the company's software infrastructure or software is damaged or otherwise fails or becomes obsolete.
  • arrowSoftware Product development is a long, expensive and uncertain process and the company's current expenditure in product development may not provide a sufficient or timely return.
  • arrowCompetition from Domestic, International, and Unorganized Sector Players May Adversely Affect its Business Operations
  • arrowThe company's business handles sensitive client information, and any unauthorized access or cyber-attack could impact its operations, reputation, and financial condition.
  • arrowThe company could be harmed by employee misconduct or errors that are difficult to detect and any such incidence could adversely affect its financial condition, results of operations and reputation.
  • arrowFailures to offer customer support in a timely and effective manner may adversely affect the company's relationships with its customers.
  • arrowThe company's insurance coverage may not be adequate to protect the company against certain operating hazards and this may have a material adverse effect on its business.
  • arrowCompetitive pricing pressure may limit its ability to maintain or increase the company's product prices, potentially leading to a decline in revenue, gross margin, and profitability. This may materially and adversely impact its business, cash flows, financial condition, and results of operations.
  • arrowFailures to update and enhance its existing products in a timely manner to keep pace with industry developments could adversely impact customer satisfaction and, in turn, negatively affect the company's operating results.
  • arrowThe company's business relies on skilled personnel, and any manpower unrest, salary pressures, or inability to retain talent could adversely impact its operations and financial performance.
  • arrowChanges in technology may render its current technologies obsolete or require the company to make substantial investments.
  • arrowThe company's success depends largely upon the knowledge and experience of its Promoters, Key Managerial Personnel and senior management. Any loss of these personnel or the company's ability to attract and retain them may adversely affect its business, operations and financial condition.
  • arrowThe discontinuation of specific independent certifications or accreditations for services could negatively impact its business operations.
  • arrowThe company's business is operating under various laws which require the company to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for the company's business operations could materially and adversely affect its business, prospects, results of operations and financial condition.
  • arrowAny inability to license or incorporate software and technology rights held by third parties in our solutions may adversely impact its business, financial position, results of operations and cash flows
  • arrowThe company's Board of Directors and KMP's do not have experience of listed companies.
  • arrowThe company's results of operations and cash flows could be adversely affected if the Company are unable to collect the dues and receivables from the clients.
  • arrowThe company's Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company even after the Issue which will allow them to determine the outcome of matters submitted to shareholders for approval.
  • arrowThe average cost of acquisition of Equity Shares by its Promoters is lower than the issue price.
  • arrowThe company has issued Equity Shares during the preceding twelve months at a price which is below the Issue Price.
  • arrowThe objects of the issue, for which the company is raising funds, are based on its management's estimates and have not been appraised by any bank, financial institution, or independent agency. The deployment of funds in the project is entirely at the company's discretion, following the parameters outlined in the chapter titled "Objects of the Issue."
  • arrowThe company has relied on third-party industry sources i.e D&B Report, and any inaccuracies in or reliance on such information may adversely affect investor perception.
  • arrowThe company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the issue proceeds may delay the implementation schedule.
  • arrowThe company's ability to pay dividends in the future will depend on a number of factors, including its profit after tax for the respective fiscal year, the company's capital requirements, the company's financial condition, the company's cash flows and applicable taxes, including payment of dividend distribution tax
  • arrowThere is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
  • arrowThe Price of its Equity Shares may be volatile, or an active trading market may not develop.
  • arrowThere are no material outstanding legal proceedings and litigations against and by the Company, the company's Promoters, our Directors, our KMP and its SMP. Any future material proceedings, if arises may affect the company's profitability, reputation and its results of operations & financial condition.
  • arrowThe company cannot assure you that its equity shares will be listed on the SME platform of NSE in a timely manner or at all, which may restrict your ability to dispose of the equity shares.
  • arrowAfter this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.
  • arrowThe Issue price of its Equity Shares may not be indicative of the market price of the company's Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
  • arrowSale of Equity Shares by its Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
  • arrowThe immediate relatives of the company's promoters, who are deemed to be a part of the Promoter Group under the SEBI ICDR Regulations have not provided consent, information or any confirmations or undertakings pertaining to themselves which are required to be disclosed as part of the Promoter Group in this Red Herring Prospectus.
  • arrowMajority of the company's sales for the last 3 years and stub period is dependent majorly on Maharashtra. Any loss of business from may adversely affect its revenues and profitability.
  • arrowSubstantial portion of the company's revenues has been dependent upon its software product i.e. HRevO. The loss of any one or more of the company's major clients would have a material effect on the company's business operations and profitability.
  • arrowThe Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
  • arrowThe company's Promoters play a vital role in the development and growth of its business operation. Any loss of their services or reduced involvement may adversely affect the company's business, operations, and financial condition.
  • arrowIf the company fails to attract and retain IT professionals,the company's promoters, directors and senior management the company may not have the necessary resources to properly staff projects and failures to successfully compete for such IT professionals could adversely affect the company's business, financial condition and results of operations.
  • arrowThe company's trademarks related to the company logo and products are pending and the company does not own the trademark legally as on date. The company may be unable to adequately protect its intellectual property. Furthermore, the company may be subject to claims alleging breach of third-party intellectual property rights.
  • arrowThe company's registered office and corporate office premises are taken on lease from the company's Promoters. Any non-renewal, termination or revision of these arrangements may result in higher rental or relocation costs and could impact its operations.
  • arrowThe company's Restated Financial Statements are Prepared and Signed by the Peer Review Chartered Accountants who is not Statutory Auditors of the Company.
  • arrowThe Company may incur penalties or liabilities for delays in filings with certain provisions of the GST Act, Income Tax Act, and other applicable laws in the last 5 Years.
  • arrowThe Company has not complied or delayed in compliances with some statutory provisions of the Companies Act 2013. Such non-compliance and delayed compliance may attract penalties against the company which could impact the financial position of the company to that extent.
  • arrowThe company's Business is Substantially Dependent on Intangible Assets, i.e Computer's Software, and Any Impairment, Devaluation or Erosion of Such Assets Could Materially and Adversely Affect its Financial Condition, Results of Operations and Prospects.
  • arrowThe Company has given guarantee of ? 250.00 Lakhs out of which ? 78.48 Lakhs is outstanding as on December 31, 2025 in respect to the loan taken by our Promoters i.e. Mr. Ashish Sharma. The company cannot assure that there will be no default on their part in the future.
  • arrowSignificant disruptions in the company's information technology systems or breaches of data security could affect its business and reputation.
  • arrowThe company has experienced negative cash flows in investing and financing activities and any negative cash flows in the future could adversely affect its financial conditions and results of operations.
  • arrowAny failures to maintain satisfactory performance of the company's software infrastructure, particularly those leading to disruptions in the company's services, could adversely affect its business and reputation, and the company's business may be harmed if its software infrastructure or software is damaged or otherwise fails or becomes obsolete.
  • arrowSoftware Product development is a long, expensive and uncertain process and the company's current expenditure in product development may not provide a sufficient or timely return.
  • arrowCompetition from Domestic, International, and Unorganized Sector Players May Adversely Affect its Business Operations.
  • arrowThe company's business handles sensitive client information, and any unauthorized access or cyber-attack could impact its operations, reputation, and financial condition.
  • arrowThe company could be harmed by employee misconduct or errors that are difficult to detect and any such incidence could adversely affect its financial condition, results of operations and reputation.
  • arrowFailures to offer customer support in a timely and effective manner may adversely affect its relationships with the company's customers.
  • arrowDisruptions in IT systems including employee errors, could impact operations, service delivery, and the company's reputation.
  • arrowCustomers may terminate, renegotiate, or reduce contract volumes, or delay renewals, adversely affecting revenue and profitability.
  • arrowInadequate internal controls may compromise financial reporting, risk management, and regulatory compliance which may impact the reputation of the company.
  • arrowProfitability relies on maintaining optimal resource utilization and productivity levels. If the company unable to maintain optimum utilization and productivity levels, it may impact the company's financial position of the company.
  • arrowUndetected software defects or system failures could delay product adoption, affect market acceptance, and lead to potential liabilities.
  • arrowDelays in revenue recognition, long sales cycles, and upfront resource commitments may lead to financial conditions that may impact the financial results of the company
  • arrowLimited customer adoption or lack of market acceptance could negatively impact business results.
  • arrowIneffective marketing campaigns may fails to drive product adoption or revenue growth.
  • arrowExposure to customer credit risk may adversely affect cash flows and financial stability.
  • arrowChanges in technology may render the company's current technologies obsolete or require the company to make substantial investments.
  • arrowThe company is dependents on a few of the company's repeat customers for a significant portion of the company's revenue. The loss of any repeat customer could have a material adverse impact on the company's financial performance.
  • arrowThe company's raw material procurement is substantially concentrated in the States of Haryana, Tamil Nadu and Delhi, and any adverse developments in these regions may adversely affect its business, financial condition and results of operations.
  • arrowThe company's insurance coverage may not be adequate to protect the company against certain operating hazards and this may have a material adverse effect on the company's business.
  • arrowCompetitive pricing pressure may limit its ability to maintain or increase the company's product prices, potentially leading to a decline in revenue, gross margin, and profitability. This may materially and adversely impact its business, cash flows, financial condition, and results of operations.
  • arrowFailures to update and enhance the company's existing products in a timely manner to keep pace with industry developments could adversely impact customer satisfaction and, in turn, negatively affect its operating results.
  • arrowThe company's business relies on skilled personnel, and any manpower unrest, salary pressures, or inability to retain talent could adversely impact its operations and financial performance.
  • arrowChanges in technology may render the company's current technologies obsolete or require the company to make substantial investments.
  • arrowThe company's success depends largely upon the knowledge and experience of its Promoters, Key Managerial Personnel and senior management. Any loss of these personnel or the company's ability to attract and retain them may adversely affect its business, operations and financial condition.
  • arrowThe discontinuation of specific independent certifications or accreditations for services could negatively impact the company's business operations.
  • arrowThe company's business is operating under various laws which require the company to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company's inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company's business, prospects, results of operations and financial condition.
  • arrowAny inability to license or incorporate software and technology rights held by third parties in the company's solutions may adversely impact its business, financial position, results of operations and cash flows
  • arrowThe company's Board of Directors and KMP's do not have experience of listed companies.
  • arrowThe company's results of operations and cash flows could be adversely affected if the Company are unable to collect the dues and receivables from the clients.
  • arrowThe company's Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company even after the Issue which will allow them to determine the outcome of matters submitted to shareholders for approval.
  • arrowThe average cost of acquisition of Equity Shares by the company's Promoters is lower than the issue price.
  • arrowThe company has issued Equity Shares during the preceding twelve months at a price which is below the Issue Price.
  • arrowThe objects of the issue, for which the company is raising funds, are based on the company's management's estimates and have not been appraised by any bank, financial institution, or independent agency. The deployment of funds in the project is entirely at the company's discretion, following the parameters outlined in the chapter titled "Objects of the Issue."
  • arrowThe company has relied on third-party industry sources i.e D&B Report, and any inaccuracies in or reliance on such information may adversely affect investor perception.
  • arrowThe company has not identified any alternate source of funding and hence any failures or delay on the company's part to mobilize the required resources or any shortfall in the issue proceeds may delay the implementation schedule.
  • arrowThe company's ability to pay dividends in the future will depend on a number of factors, including its profit after tax for the respective fiscal year, the company's capital requirements, the company's financial condition,the company's cash flows and applicable taxes, including payment of dividend distribution tax.
  • arrowThe Price of the company's Equity Shares may be volatile, or an active trading market may not develop.
  • arrowThere are no material outstanding legal proceedings and litigations against and by the Company, the company's Promoters, the company's Directors, the company's KMP and the company's SMP. Any future material proceedings, if arises may affect its profitability, reputation and the company's results of operations & financial condition.
  • arrowThe company cannot assure you that its equity shares will be listed on the SME platform of NSE in a timely manner or at all, which may restrict your ability to dispose of the equity shares.
  • arrowAfter this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.
  • arrowThe Issue price of the company's Equity Shares may not be indicative of the market price of the company's Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
  • arrowSale of Equity Shares by the company's Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.

Mobilise App Lab Ltd Peer Comparison

Understand the company’s industry standing

Mobilise App Lab Limited
Unicommerce eSolutions Ltd
Face Value
10
1
Standalone / Consolidated
Standalone
Standalone
Total Income Rs. Cr.
16.24
119.97
EPS-Basis
262.96
1.97
EPS-Diluted
262.96
1.94
NAV Per Share
41.3
8.98
P/E-Basic EPS
---
67.28
P/E-Diluted EPS
---
---
RONW(%)
57.05
23.64
Latest NAV Period
---
---
Latest NAV
---
---
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The IPO opens on 23 Feb 2026 & closes on 25 Feb 2026.

Mobilise App Lab Limited was originally formed and registered as a Limited Liability Partnership under the Limited Liability Partnership Act, 2008 (LLP Act) in the name and style of 'Mobilise App Lab LLP' on April 04, 2013. Further, 'Mobilise App Lab LLP' was converted from a Limited Liability Partnership to a Private Company as 'Mobilise App Lab Private Limited' and received a fresh Certificate of Incorporation from the Registrar of Companies, Central Registration Centre on July 17, 2023. Later, status of the Company was converted into Public Limited and name of Company was changed from 'Mobilise App Lab Private Limited' to 'Mobilise App Lab Limited' vide fresh certificate of Incorporation dated April 17, 2025. Mobilise App Lab Limited is an Indian software as a service IT company offering digital platforms to streamline and manage enterprise operations. Company in year 2013 began its journey with EDUPro ERP, a solution designed to help schools, colleges, and training institutes manage functions such as admissions, attendance, fees, examinations, transportation, and academics. In 2016-17, Company launched a Computerized Maintenance Management System (CMMS), which was later branded as OpsSuite ERP. This solution enables businesses to efficiently manage and maintain physical assets, handle work orders, track equipment and asset history, monitor inventory levels, and schedule preventive maintenance and calibration. In 2017-18, Company launched SCMPro ERP, a comprehensive solution for managing the entire supply chain. It effectively integrates and manages two key processes: Source-to-Contract (S2C) - Covers supplier discovery, sourcing, negotiations, contract creation, supplier management, and contract lifecycle management. Procure-to-Pay (P2P) - Includes purchase requests, purchase orders, goods receipt notes (GRNs), invoice processing, and payments. Later in year 2019-20, Company launched an ERP solution for Human Resources called HRevO, designed to simplify workforce management throughout the employee lifecycle. Besides these, Company's EDUPro ERP platform is actively utilized by clients which are acting as educational institutions having 34,000 plus students across these various educational institutions. Presently, Company is operating the business activities from Haryana and provides ERP solutions to B2B clients who deliver services to end customers, rather than selling directly to individual users. Company is planning the public issue of 25,12,000 Equity Shares having the face value of Rs 10 per share through Fresh Issue.

Mobilise App Lab Ltd IPO will close on 25 Feb 2026.

  • Experienced Promoter and management team with strong industry expertise and successful track record.
  • One stop solution provider.
  • Recurring and non-recurring, repeat revenues from long standing customer relationships.
  • Diversified revenue streams.
  • Highly passionate & focused on Quality Assurance, backed by ISO certifications.

S.No Promoters Name Pre Issue Shares Pre Issue Percentage Post Issue Shares Post Issue Percentage
1 Ashish Sharma 4900000 70 4900000 51.51
2 Smriti Sharma 980000 14 980000 10.3
3 Manish Sharma 700000 10 700000 7.36
4 Kripa Shanker Sharma 70000 1 70000 0.74
5 Kusum Lata Sharma 70000 1 70000 0.74

  • The immediate relatives of its promoters, who are deemed to be a part of the Promoter Group under the SEBI ICDR Regulations have not provided consent, information or any confirmations or undertakings pertaining to themselves which are required to be disclosed as part of the Promoter Group in this Draft Red Herring Prospectus.
  • Substantial portion of the company's revenues has been dependent upon Top 1 Client and also on few clients (Top 10). The loss of any one or more of its major clients would have a material effect on the company's business operations and profitability.
  • Majority of our sales for the last 3 years is dependent majorly on Maharashtra. Any loss of business from may adversely affect our revenues and profitability.
  • Substantial portion of our revenues has been dependent upon our software product i.e. HRevO. The loss of any one or more of our major clients would have a material effect on our business operations and profitability.
  • The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
  • The company's Promoters play a vital role in the development and growth of its business operation. Any loss of their services or reduced involvement may adversely affect the company's business, operations, and financial condition.
  • If the company fails to attract and retain IT professionals, the company's promoters, directors and senior management we may not have the necessary resources to properly staff projects and failure to successfully compete for such IT professionals could adversely affect its business, financial condition and results of operations.
  • The company's trademarks related to our company logo and products are pending and the company does not own the trademark legally as on date. The company may be unable to adequately protect its intellectual property. Furthermore, the company may be subject to claims alleging breach of third-party intellectual property rights.
  • The Company may incur penalties or liabilities for delays in filings with certain provisions of the GST Act, Income Tax Act, and other applicable laws in the last 5 Years.
  • The company's Restated Financial Statements are Prepared and Signed by the Peer Review Chartered Accountants who is not Statutory Auditors of the Company.
  • The Company has not complied or delayed in compliances with some statutory provisions of the Companies Act 2013. Such non-compliance and delayed compliance may attract penalties against the company which could impact the financial position of the company to that extent.
  • The company's Business is Substantially Dependent on Intangible Assets, i.e Computer's Software, and Any Impairment, Devaluation or Erosion of Such Assets Could Materially and Adversely Affect the company's Financial Condition, Results of Operations and Prospects.
  • The Company has given guarantee of ? 250.00 Lakhs out of which ? 91.29 Lakhs is outstanding as on July 31, 2025 in respect to the loan taken by its Promoters i.e. Mr. Ashish Sharma. We cannot assure that there will be no default on their part in the future.
  • Significant disruptions in the company's information technology systems or breaches of data security could affect its business and reputation.
  • The company has experienced negative cash flows in investing and financing activities and any negative cash flows in the future could adversely affect its financial conditions and results of operations.
  • Any failures to maintain satisfactory performance of the company's software infrastructure, particularly those leading to disruptions in the company's services, could adversely affect our business and reputation, and its business may be harmed if the company's software infrastructure or software is damaged or otherwise fails or becomes obsolete.
  • Software Product development is a long, expensive and uncertain process and the company's current expenditure in product development may not provide a sufficient or timely return.
  • Competition from Domestic, International, and Unorganized Sector Players May Adversely Affect its Business Operations
  • The company's business handles sensitive client information, and any unauthorized access or cyber-attack could impact its operations, reputation, and financial condition.
  • The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidence could adversely affect its financial condition, results of operations and reputation.
  • Failures to offer customer support in a timely and effective manner may adversely affect the company's relationships with its customers.
  • The company's insurance coverage may not be adequate to protect the company against certain operating hazards and this may have a material adverse effect on its business.
  • Competitive pricing pressure may limit its ability to maintain or increase the company's product prices, potentially leading to a decline in revenue, gross margin, and profitability. This may materially and adversely impact its business, cash flows, financial condition, and results of operations.
  • Failures to update and enhance its existing products in a timely manner to keep pace with industry developments could adversely impact customer satisfaction and, in turn, negatively affect the company's operating results.
  • The company's business relies on skilled personnel, and any manpower unrest, salary pressures, or inability to retain talent could adversely impact its operations and financial performance.
  • Changes in technology may render its current technologies obsolete or require the company to make substantial investments.
  • The company's success depends largely upon the knowledge and experience of its Promoters, Key Managerial Personnel and senior management. Any loss of these personnel or the company's ability to attract and retain them may adversely affect its business, operations and financial condition.
  • The discontinuation of specific independent certifications or accreditations for services could negatively impact its business operations.
  • The company's business is operating under various laws which require the company to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for the company's business operations could materially and adversely affect its business, prospects, results of operations and financial condition.
  • Any inability to license or incorporate software and technology rights held by third parties in our solutions may adversely impact its business, financial position, results of operations and cash flows
  • The company's Board of Directors and KMP's do not have experience of listed companies.
  • The company's results of operations and cash flows could be adversely affected if the Company are unable to collect the dues and receivables from the clients.
  • The company's Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company even after the Issue which will allow them to determine the outcome of matters submitted to shareholders for approval.
  • The average cost of acquisition of Equity Shares by its Promoters is lower than the issue price.
  • The company has issued Equity Shares during the preceding twelve months at a price which is below the Issue Price.
  • The objects of the issue, for which the company is raising funds, are based on its management's estimates and have not been appraised by any bank, financial institution, or independent agency. The deployment of funds in the project is entirely at the company's discretion, following the parameters outlined in the chapter titled "Objects of the Issue."
  • The company has relied on third-party industry sources i.e D&B Report, and any inaccuracies in or reliance on such information may adversely affect investor perception.
  • The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the issue proceeds may delay the implementation schedule.
  • The company's ability to pay dividends in the future will depend on a number of factors, including its profit after tax for the respective fiscal year, the company's capital requirements, the company's financial condition, the company's cash flows and applicable taxes, including payment of dividend distribution tax
  • There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
  • The Price of its Equity Shares may be volatile, or an active trading market may not develop.
  • There are no material outstanding legal proceedings and litigations against and by the Company, the company's Promoters, our Directors, our KMP and its SMP. Any future material proceedings, if arises may affect the company's profitability, reputation and its results of operations & financial condition.
  • The company cannot assure you that its equity shares will be listed on the SME platform of NSE in a timely manner or at all, which may restrict your ability to dispose of the equity shares.
  • After this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.
  • The Issue price of its Equity Shares may not be indicative of the market price of the company's Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
  • Sale of Equity Shares by its Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
  • The immediate relatives of the company's promoters, who are deemed to be a part of the Promoter Group under the SEBI ICDR Regulations have not provided consent, information or any confirmations or undertakings pertaining to themselves which are required to be disclosed as part of the Promoter Group in this Red Herring Prospectus.
  • Majority of the company's sales for the last 3 years and stub period is dependent majorly on Maharashtra. Any loss of business from may adversely affect its revenues and profitability.
  • Substantial portion of the company's revenues has been dependent upon its software product i.e. HRevO. The loss of any one or more of the company's major clients would have a material effect on the company's business operations and profitability.
  • The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.
  • The company's Promoters play a vital role in the development and growth of its business operation. Any loss of their services or reduced involvement may adversely affect the company's business, operations, and financial condition.
  • If the company fails to attract and retain IT professionals,the company's promoters, directors and senior management the company may not have the necessary resources to properly staff projects and failures to successfully compete for such IT professionals could adversely affect the company's business, financial condition and results of operations.
  • The company's trademarks related to the company logo and products are pending and the company does not own the trademark legally as on date. The company may be unable to adequately protect its intellectual property. Furthermore, the company may be subject to claims alleging breach of third-party intellectual property rights.
  • The company's registered office and corporate office premises are taken on lease from the company's Promoters. Any non-renewal, termination or revision of these arrangements may result in higher rental or relocation costs and could impact its operations.
  • The company's Restated Financial Statements are Prepared and Signed by the Peer Review Chartered Accountants who is not Statutory Auditors of the Company.
  • The Company may incur penalties or liabilities for delays in filings with certain provisions of the GST Act, Income Tax Act, and other applicable laws in the last 5 Years.
  • The Company has not complied or delayed in compliances with some statutory provisions of the Companies Act 2013. Such non-compliance and delayed compliance may attract penalties against the company which could impact the financial position of the company to that extent.
  • The company's Business is Substantially Dependent on Intangible Assets, i.e Computer's Software, and Any Impairment, Devaluation or Erosion of Such Assets Could Materially and Adversely Affect its Financial Condition, Results of Operations and Prospects.
  • The Company has given guarantee of ? 250.00 Lakhs out of which ? 78.48 Lakhs is outstanding as on December 31, 2025 in respect to the loan taken by our Promoters i.e. Mr. Ashish Sharma. The company cannot assure that there will be no default on their part in the future.
  • Significant disruptions in the company's information technology systems or breaches of data security could affect its business and reputation.
  • The company has experienced negative cash flows in investing and financing activities and any negative cash flows in the future could adversely affect its financial conditions and results of operations.
  • Any failures to maintain satisfactory performance of the company's software infrastructure, particularly those leading to disruptions in the company's services, could adversely affect its business and reputation, and the company's business may be harmed if its software infrastructure or software is damaged or otherwise fails or becomes obsolete.
  • Software Product development is a long, expensive and uncertain process and the company's current expenditure in product development may not provide a sufficient or timely return.
  • Competition from Domestic, International, and Unorganized Sector Players May Adversely Affect its Business Operations.
  • The company's business handles sensitive client information, and any unauthorized access or cyber-attack could impact its operations, reputation, and financial condition.
  • The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidence could adversely affect its financial condition, results of operations and reputation.
  • Failures to offer customer support in a timely and effective manner may adversely affect its relationships with the company's customers.
  • Disruptions in IT systems including employee errors, could impact operations, service delivery, and the company's reputation.
  • Customers may terminate, renegotiate, or reduce contract volumes, or delay renewals, adversely affecting revenue and profitability.
  • Inadequate internal controls may compromise financial reporting, risk management, and regulatory compliance which may impact the reputation of the company.
  • Profitability relies on maintaining optimal resource utilization and productivity levels. If the company unable to maintain optimum utilization and productivity levels, it may impact the company's financial position of the company.
  • Undetected software defects or system failures could delay product adoption, affect market acceptance, and lead to potential liabilities.
  • Delays in revenue recognition, long sales cycles, and upfront resource commitments may lead to financial conditions that may impact the financial results of the company
  • Limited customer adoption or lack of market acceptance could negatively impact business results.
  • Ineffective marketing campaigns may fails to drive product adoption or revenue growth.
  • Exposure to customer credit risk may adversely affect cash flows and financial stability.
  • Changes in technology may render the company's current technologies obsolete or require the company to make substantial investments.
  • The company is dependents on a few of the company's repeat customers for a significant portion of the company's revenue. The loss of any repeat customer could have a material adverse impact on the company's financial performance.
  • The company's raw material procurement is substantially concentrated in the States of Haryana, Tamil Nadu and Delhi, and any adverse developments in these regions may adversely affect its business, financial condition and results of operations.
  • The company's insurance coverage may not be adequate to protect the company against certain operating hazards and this may have a material adverse effect on the company's business.
  • Competitive pricing pressure may limit its ability to maintain or increase the company's product prices, potentially leading to a decline in revenue, gross margin, and profitability. This may materially and adversely impact its business, cash flows, financial condition, and results of operations.
  • Failures to update and enhance the company's existing products in a timely manner to keep pace with industry developments could adversely impact customer satisfaction and, in turn, negatively affect its operating results.
  • The company's business relies on skilled personnel, and any manpower unrest, salary pressures, or inability to retain talent could adversely impact its operations and financial performance.
  • Changes in technology may render the company's current technologies obsolete or require the company to make substantial investments.
  • The company's success depends largely upon the knowledge and experience of its Promoters, Key Managerial Personnel and senior management. Any loss of these personnel or the company's ability to attract and retain them may adversely affect its business, operations and financial condition.
  • The discontinuation of specific independent certifications or accreditations for services could negatively impact the company's business operations.
  • The company's business is operating under various laws which require the company to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company's inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company's business, prospects, results of operations and financial condition.
  • Any inability to license or incorporate software and technology rights held by third parties in the company's solutions may adversely impact its business, financial position, results of operations and cash flows
  • The company's Board of Directors and KMP's do not have experience of listed companies.
  • The company's results of operations and cash flows could be adversely affected if the Company are unable to collect the dues and receivables from the clients.
  • The company's Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company even after the Issue which will allow them to determine the outcome of matters submitted to shareholders for approval.
  • The average cost of acquisition of Equity Shares by the company's Promoters is lower than the issue price.
  • The company has issued Equity Shares during the preceding twelve months at a price which is below the Issue Price.
  • The objects of the issue, for which the company is raising funds, are based on the company's management's estimates and have not been appraised by any bank, financial institution, or independent agency. The deployment of funds in the project is entirely at the company's discretion, following the parameters outlined in the chapter titled "Objects of the Issue."
  • The company has relied on third-party industry sources i.e D&B Report, and any inaccuracies in or reliance on such information may adversely affect investor perception.
  • The company has not identified any alternate source of funding and hence any failures or delay on the company's part to mobilize the required resources or any shortfall in the issue proceeds may delay the implementation schedule.
  • The company's ability to pay dividends in the future will depend on a number of factors, including its profit after tax for the respective fiscal year, the company's capital requirements, the company's financial condition,the company's cash flows and applicable taxes, including payment of dividend distribution tax.
  • The Price of the company's Equity Shares may be volatile, or an active trading market may not develop.
  • There are no material outstanding legal proceedings and litigations against and by the Company, the company's Promoters, the company's Directors, the company's KMP and the company's SMP. Any future material proceedings, if arises may affect its profitability, reputation and the company's results of operations & financial condition.
  • The company cannot assure you that its equity shares will be listed on the SME platform of NSE in a timely manner or at all, which may restrict your ability to dispose of the equity shares.
  • After this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.
  • The Issue price of the company's Equity Shares may not be indicative of the market price of the company's Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
  • Sale of Equity Shares by the company's Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.

The Issue type of Mobilise App Lab Ltd is Book Building.

The minimum application for shares of Mobilise App Lab Ltd is 3200.

The total shares issue of Mobilise App Lab Ltd is 0.

Public issue of 25,12,000 equity shares of face value of Rs.10/- each ("Equity Shares") of Mobilise App Lab Limited (the "Company" or the Issuer") for cash at a price of Rs. 80 per equity (the "Issue Price") aggregating to Rs. [*] crores ("the issue") comprising of a fresh issue of 25,12,000 equity shares aggregating to Rs. 20.10 crores (the "Fresh Issue") of 25,12,000 equity shares aggregating to Rs. 20.10 crores (the "Fresh Issue") of which 1,26,400 shares aggregating to Rs. 1.01crores be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Net issue of 23,85,400 equity shares aggregating to Rs. 19.08 crores (the "Net Issue"). The issue and the net issue constitute 26.41% and 25.08% respectively of the post issue paid up equity share capital of the company. Price Band: Rs. 80/- per equity share of face value of Rs.10/- each. The floor price is 8.0 times of the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.