Mobilise App Lab and Accord Transformer IPOs See Strong Demand; Kiaasa Retail IPO Subscribes Moderately

Mobilise App Lab's Rs 20.10 crore SME IPO attracted strong investor interest, achieving 93.11 times subscription by the final day and a grey market premium suggesting a potential listing price of Rs 88. The company plans to use proceeds for product development, expansion, and talent acquisition. Concurrently, Accord Transformer’s IPO saw robust demand with 332.11 times subscription, while Kiaasa Retail's IPO received a muted response with 1.99 times subscription. All IPOs are set to finalize allotments by February 26 and list on March 2.