Mobilise App Lab's IPO, oversubscribed 100 times, is set to debut on the NSE SME platform on March 2. With a grey market premium of 5%, shares are expected to list around Rs 84, signaling modest gains. The company, a SaaS IT solutions provider, plans to use IPO funds for product development, marketing, and infrastructure.
Mobilise App shares to debut on NSE SME today. GMP indicates positive listing
Synopsis
Mobilise App Lab's IPO, oversubscribed 100 times, is set to debut on the NSE SME platform on March 2. With a grey market premium of 5%, shares are expected to list around Rs 84, signaling modest gains. The company, a SaaS IT solutions provider, plans to use IPO funds for product development, marketing, and infrastructure.
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