Vinit Mobile

closed SME IPO
₹30
(18.99%)

Table of Contents

IPO PARAMETERS

PRICE BAND 150.00 - 158.00
LOT SIZE 800 Shares
INVESTMENT ₹2,52,800

IPO ROADMAP

✓
BIDDING STARTS 30 Jun 2026
2
BIDDING ENDS 02 Jul 2026
3
ALLOTMENT TBA
4
LISTING 07 Jul 2026

Grey Market Premium HISTORY

Date GMP (₹) Daily Change Gain (%)
02 Jul 2026 ₹30.00 - 18.99%

Vinit Mobile IPO MARKET LOT

Application Lot Size Shares Amount
Retail Minimum 2 1,600 ₹252,800
Retail Maximum 2 1,600 ₹252,800
S-HNI Minimum 3 2,400 ₹379,200
S-HNI Maximum 7 5,600 ₹884,800
B-HNI Minimum 8 6,400 ₹1,011,200

Vinit Mobile IPO DETAILS

Vinit Mobile Limited is launching its Initial Public Offering (IPO) through the book-building route to raise capital for business expansion, working capital requirements, and strengthening its operational capabilities. The company operates in the mobile handset and consumer electronics distribution segment and aims to expand its market reach through the proceeds of the public issue.

The IPO consists entirely of a fresh issue of equity shares, allowing the company to directly utilize the funds raised for future growth initiatives and strategic business objectives. Upon successful completion of the issue, the equity shares of Vinit Mobile Limited are proposed to be listed on the NSE SME platform.

Particular Details
Vinit Mobile IPO Open Date June 30, 2026
Vinit Mobile IPO Close Date July 2, 2026
Face Value ₹10 Per Equity Share
IPO Price Band ₹150 to ₹158 Per Share
Issue Size Approx ₹34.13 Crores
Fresh Issue Approx ₹34.13 Crores
Issue Type Bookbuilding Issue
IPO Listing NSE SME

Vinit Mobile IPO RESERVATION

Vinit Mobile Limited has allocated shares across different investor categories in accordance with regulatory guidelines for SME IPOs. The reservation structure ensures participation from Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Individual Investors (RII).

The retail segment receives the largest allocation in the issue, while a dedicated portion has been reserved for institutional and non-institutional investors. The final allocation may be subject to adjustments as per applicable regulations and subscription demand.

Investor Category Shares Offered Shares (%)
Anchor Investor – Shares -%
QIB (Ex. Anchor) 21,600 Shares -%
NII Shares Offered 8,20,800 Shares 38.00%
Retail Shares Offered 12,09,600 Shares 56.00%

Vinit Mobile IPO DATES

The Vinit Mobile IPO will open for subscription on June 30, 2026, and will remain available for bidding until July 2, 2026. Investors can apply for the IPO during the issue period through supported ASBA and UPI mechanisms offered by registered brokers and banks.

Following the closure of the subscription window, the basis of allotment is expected to be finalized on July 3, 2026. Eligible investors will receive refunds or share credits on July 6, 2026, while the company's shares are scheduled to debut on the NSE SME platform on July 7, 2026.

Event Date
IPO Open Date June 30, 2026
IPO Close Date July 2, 2026
Basis of Allotment July 3, 2026
Refunds July 6, 2026
Credit to Demat Account July 6, 2026
IPO Listing Date July 7, 2026
IPO Bidding Cut-off Time July 2, 2026 – 5 PM

Vinit Mobile IPO Promoters and Holding PATTERN

The promoters of Vinit Mobile Limited are Mr. Vinit Jalan and Mrs. Shweta Jalan, who have played a key role in establishing and expanding the company's presence in the mobile handset and consumer electronics distribution business. Their industry experience and strategic leadership have contributed significantly to the company's growth and operational development.

Prior to the public issue, the promoters collectively hold a majority stake in the company. Following the completion of the IPO and allotment of fresh equity shares, the promoter shareholding percentage is expected to dilute in accordance with the increased post-issue equity capital while the promoters continue to retain management control of the company.

Particular Shares % Share
Promoter Holding Pre Issue 40,10,000 99.80%
Promoter Holding Post Issue 61,70,000 -%

Vinit Mobile IPO Objects of the Issue & Utilisation of PROCEEDS

Vinit Mobile Limited intends to utilize the proceeds raised through the public issue to support its expansion plans, strengthen working capital requirements, and enhance its overall business operations. The company aims to improve its market reach and operational efficiency through strategic deployment of the funds raised from the IPO.

A significant portion of the issue proceeds has been earmarked for meeting working capital needs, while a part of the funds will be used for setting up new stores and supporting future growth initiatives. The remaining amount may be utilized towards general corporate purposes as permitted under applicable regulations.

Purpose Amount (Crores)
Set up cost of New Stores ₹0.62
Working Capital ₹23.75
General Corporate Purpose ₹-

Vinit Mobile - About IPO


Vinit Mobile, founded in 2011, is one of the leading Multi-brand mobile phone retailers that provides a wide range of mobile phones, such as Apple, Samsung, Vivo, Oppo, Xiaomi, Realme, Motorola, and OnePlus, to individuals. Along with phones, the firm also sells tablets, data cards, mobile accessories, earphones, chargers, power banks, screen guards, and mobile covers. 


Currently, the company runs 35 COCO retail stores across the Surat district in Pandesara, Kadodara, Sachin, Amroli, Hazira, Sayan, Saroli, and Nilgiri. Vinit Mobile has a partnership with various financial institutions, including Bajaj Finserv, HDB Financial Services, and TVS Credit, to offer EMI and financing options to customers. Moreover, the firm also sells mobile phones in large quantities to businesses (B2B sales).

Vinit Mobile IPO Company Financial REPORT

Vinit Mobile Limited has demonstrated strong financial growth over the last few financial periods, supported by increasing demand for mobile handsets and consumer electronics products. The company has witnessed significant growth in revenue while maintaining healthy profitability and improving operational efficiency.

The financial performance highlights a sharp increase in revenue, assets, and profit after tax (PAT), indicating improving business fundamentals and expansion in operations. Investors generally consider these metrics while evaluating the long-term growth prospects of an IPO-bound company.

Period Ended Revenue Expense PAT Assets
2024 ₹28.59 ₹27.62 ₹0.72 ₹7.41
2025 ₹60.63 ₹55.42 ₹3.90 ₹13.34
Dec 2025 ₹56.01 ₹49.20 ₹5.11 ₹25.04
Amount in ₹ Crores. Financial figures are based on the company's reported financial statements for the respective periods.

Vinit Mobile IPO Valuation – FY2025

Investors generally evaluate an IPO by analysing important valuation and profitability indicators such as Earnings Per Share (EPS), Return on Net Worth (RoNW), Return on Equity (ROE), and Net Asset Value (NAV). These financial metrics help assess the company's operational efficiency and overall financial strength before making an investment decision.

Vinit Mobile Limited has reported strong profitability ratios and healthy returns on capital employed, reflecting efficient utilization of shareholder funds and business resources. The following key performance indicators (KPIs) provide an overview of the company's financial position for FY2025.

KPI Values
ROE 84.78%
ROCE 73.66%
EBITDA Margin 9.53%
PAT Margin 6.44%
Debt to Equity Ratio 0.66
Earning Per Share (EPS) ₹9.73 (Basic)
Price/Earning (P/E) Ratio N/A
Return on Net Worth (RoNW) 84.78%
Net Asset Value (NAV) ₹11.48
FY2025 Financial Metrics: The above valuation figures are based on the company's latest available financial information and are commonly used by investors to assess IPO pricing and business performance.

Vinit Mobile IPO Peer Group COMPARISON

Comparing Vinit Mobile Limited with its listed industry peers helps investors evaluate the company's valuation, profitability, and financial strength relative to other businesses operating in the mobile retail and distribution sector. Metrics such as Earnings Per Share (EPS), Price to Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) are commonly used for this analysis.

The peer comparison provides a useful benchmark for understanding the company's market positioning and growth potential within the industry. Investors often use these indicators to assess whether an IPO is attractively priced compared to its competitors.

Company EPS P/E Ratio RoNW % NAV Income
Bhatia Communications & Retail (India) Limited 1.10 24.25 15.60% 7.07 ₹442.72 Cr.
Fonebox Retail Limited 4.43 22.20 13.18% 33.69 ₹342.73 Cr.
Umiya Mobile Limited 5.42 14.02 40.51% 13.69 ₹601.17 Cr.
Note: Peer group data is based on publicly available financial information and is intended for comparison purposes only. Investors should consider multiple financial and qualitative factors before making investment decisions.

IPO Lead Managers aka Merchant BANKERS

  • Comfort Securities Ltd.