Mobilise App Lab Ltd - IPO

Mobilise App Lab Ltd IPO Details

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 will 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 will constitute 26.41% and 25.08% respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 75/- to Rs. 80/- per equity share of face value of Rs. 10/- each.The floor price is 7.5 times of the face value and the cap 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.

Objective of issue

Funding requirement in product development through talent hiring for the company. Funding requirement toward business development and marketing activities aimed at driving the organization's expansion across domestic markets. Funding towards the infrastructure of the company. General Corporate Purposes.

Mobilise App Lab Ltd Contact Details

Mobilise App Lab Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@mobilise.co.in

Website - https:, mobilise.co.in