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Vinit Mobile IPO
Price Band
₹150.0–158.0
Issue Size
₹34.13 Cr
Lot Size
800 shares
Min Investment
₹252,800
2 LOTS MIN
GMP
—
Issue Price
₹158.0
Vinit Mobile IPO AI Summary
- Vinit Mobile IPO is listed on NSE SME in the Speciality Retail sector.
- Price band: ₹150.0–₹158.0 per share, lot size 800 shares (min. investment ₹252,800, 2 lots minimum).
- Subscription window: 30 Jun–02 Jul 2026, listing on 07 Jul 2026.
Vinit Mobile Limited is a multi-brand mobile retailer with a strong presence in Surat, Gujarat. The company is looking to raise ₹34.13 Cr through its IPO to expand its operations and enhance working capital. With a diverse product range and customer financing options, Vinit Mobile aims to cater to a wide customer base.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
1.62x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
1.00x
|
1.00x |
| NII (HNI) |
0.80x
|
0.80x |
| ↳ bNII (>₹10L) |
0.88x
|
0.88x |
| ↳ sNII (<₹10L) |
0.63x
|
0.63x |
| Retail (RII) |
2.18x
|
2.18x |
| Total | 1.62x | 1.62x |
Auto-updated every 5 min · As of 2nd Jul 2026 18:56
Vinit Mobile IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Vinit Mobile Limited, incorporated in 2011, is engaged in the retail sale of smartphones, mobile devices, and related accessories through a network of company-owned stores. The company operates as a multi-brand mobile retailer, offering products from leading smartphone manufacturers, including Apple, Samsung, Vivo, Oppo, Xiaomi, Realme, Motorola, and OnePlus. In addition to smartphones, the company offers a comprehensive range of consumer electronics and accessories such as tablets, data cards, earphones, chargers, power banks, screen protectors, and mobile covers. Its product portfolio is designed to cater to a broad customer base seeking both premium and budget-friendly mobile solutions. As of the date of the RHP, Vinit Mobile operates 35 Company-Owned Company-Operated (COCO) retail outlets across various locations in Surat district, Gujarat, including Pandesara, Kadodara, Sachin, Amroli, Hazira, Sayan, Saroli, and Nilgiri. The strategically located stores help the company maintain a strong presence in the regional mobile retail market. To enhance customer convenience and affordability, the company has established financing arrangements with leading financial institutions such as Bajaj Finserv, HDB Financial Services, and TVS Credit. These partnerships enable eligible customers to avail themselves of EMI and consumer financing facilities for mobile purchases. The company also facilitates after-sales support by coordinating with authorized service centers for warranty claims, repairs, and maintenance services. Beyond its retail operations, Vinit Mobile is also involved in business-to-business (B2B) sales, supplying mobile phones and accessories in bulk quantities to small retailers, distributors, and corporate clients. Key Competitive Strengths Extensive network of Company-Owned Company-Operated (COCO) retail stores. Experienced promoters and management team with strong industry knowledge. Diverse multi-brand product portfolio catering to varied customer segments. Strong market presence and distribution reach across Surat district. Strategically located stores focused on enhancing customer experience. Partnerships with financial institutions for customer financing solutions. Innovative promotional initiatives, including customized gift offerings. Efficient centralized inventory management and stock control systems. Dedicated employee training programs and comprehensive after-sales support.
Company Financials (₹ Cr)
As of 2025-12-31
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 25.04 | 13.34 | 7.41 | 0.01 |
| Total Income | 56.01 | 60.63 | 28.59 | 0.00 |
| Profit After Tax | 5.11 | 3.90 | 0.72 | -0.00 |
| EBITDA | 7.53 | 5.72 | 1.05 | -0.00 |
| NET Worth | 9.71 | 4.60 | 0.70 | -0.02 |
| Reserves and Surplus | 5.70 | 4.59 | 0.69 | -0.03 |
| Total Borrowing | 6.07 | 3.04 | 3.10 | 0.03 |
Key Ratios
EPS
₹9.73
NAV
₹11.48
ROE
84.78%
ROCE
73.66%
RoNW
84.78%
P/B Value
13.76
P/E Ratio
16.24
Market Cap
₹97.49 Cr
PAT Margin
6.44%
Debt/Equity
0.66
Promoters
Vinit Jalan, Shweta Jalan
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Set up cost of New Stores 0.62 2 Working Capital 23.75 3 General Corporate Purposes 5.12 4 Public Issue Expenses 4.64 Total 34.13
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income for Vinit Mobile was ₹28.59 Cr for the year ending 31 Mar 2024, increasing to ₹60.63 Cr by 31 Mar 2025. However, it saw a slight decline to ₹56.01 Cr by 31 Dec 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
The profit after tax was ₹0.72 Cr for the year ending 31 Mar 2024, rising to ₹3.90 Cr by 31 Mar 2025. This further increased to ₹5.11 Cr by 31 Dec 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The grey market refers to unofficial trading of shares before they are listed on the stock exchange. It can provide insights into the expected demand and pricing of the shares once they are officially listed. However, trading in the grey market is not regulated, and prices can be volatile.
Subscription Demand
As of 2nd July 2026, the overall subscription was 1.62 times. The retail category saw a subscription of 2.18 times, while QIBs subscribed 1.0 times. NII (HNI) categories had lower demand, with sNII at 0.63 times and bNII at 0.88 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It is important to consider the company's growth potential and market position.
Who May Want to Wait
Investors who are risk-averse or looking for stable, predictable returns may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on 30th June 2026 and closes on 2nd July 2026. Allotment of shares will be done on 3rd July 2026, with the shares expected to list on the stock exchange on 7th July 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are sold on the first day of trading after the IPO. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Vinit Mobile's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Vinit Mobile IPO?
The price band of Vinit Mobile IPO is ₹150.0–₹158.0 per share.
When does Vinit Mobile IPO open and close?
Vinit Mobile IPO opens on 30 June 2026 and closes on 02 July 2026.
When does Vinit Mobile IPO list on the stock exchange?
Vinit Mobile IPO listed on 07 July 2026 at ₹158.0.
What is the lot size for Vinit Mobile IPO?
The lot size for Vinit Mobile IPO is 800 shares, requiring a minimum investment of ₹252,800 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹150.0 to ₹158.0.
What is the minimum investment required?
The minimum investment required is ₹252,800.
What is the lot size for the IPO?
The lot size for the IPO is 800 shares.
When is the listing date for the shares?
The shares are expected to be listed on 7th July 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares may trade in the grey market before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Jun 2026
Close
02 Jul 2026
Allotment
03 Jul 2026
Listing
07 Jul 2026
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