IPO details · Updated
Vinit Mobile Limited
- Price Band
- ₹150 – ₹158
- Lot Size
- 800 shares
- Min. Investment
- ₹1,26,400
- Issue Size
- ₹34.13 Cr
- Offer Dates
- 30 Jun – 2 Jul 2026
- Listing
- 7 Jul 2026
Issue Details
- Total Issue Size
- ₹34.13 Cr
- 21,60,000 shares
- Fresh Issue
- ₹34.13 Cr
- 21,60,000 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- NSE SME
- Shares Pre-Issue
- 40,10,000
- Shares Post-Issue
- 61,70,000
IPO Timeline
Offer opens
30 Jun 2026
Offer closes
2 Jul 2026
Allotment
3 Jul 2026
Listing
7 Jul 2026
Issue Allocation
Share of the offer reserved for each investor category
- QIB1.0%21,600 shares
- HNI38.0%8,20,800 shares
- Retail56.0%12,09,600 shares
- MarketMaker5.0%1,08,000 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 21,600 | 21,600 | 1.00x |
| NII | 8,20,800 | 6,56,640 | 0.80x |
| Retail | 12,09,600 | 26,36,928 | 2.18x |
| Total | 20,52,000 | 33,15,168 | 1.62x |
Lot Size & Investment
1 lot = 800 shares
Retail (min)
2 lots · 1,600 shares
Retail (max)
2 lots · 1,600 shares
S-HNI (min)
3 lots · 2,400 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 1,600 | ₹2,52,800 |
| Small HNI (S-HNI) | 3 | 2,400 | ₹3,79,200 |
| Big HNI (B-HNI) | 8 | 6,400 | ₹10,11,200 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Dec-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 25.04 | 13.34 | 7.41 | 0.01 |
| Total Income | 56.01 | 60.63 | 28.59 | 0 |
| Profit After Tax | 5.11 | 3.9 | 0.72 | 0 |
| EBITDA | 7.53 | 5.72 | 1.05 | 0 |
| Net Worth | 9.71 | 4.6 | 0.7 | -0.02 |
| Reserves & Surplus | 5.7 | 4.59 | 0.69 | -0.03 |
| Total Borrowing | 6.07 | 3.04 | 3.1 | 0.03 |
Key Performance Indicators
| Period | Dec-25 | Mar-25 |
|---|---|---|
| ROE (%) | 52.61 | 84.78 |
| ROCE (%) | 46.48 | 73.66 |
| EPS (₹) | — | 9.73 |
| P/E (pre-issue) | — | 16.24 |
| P/E (post-issue) | — | 14.31 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Bhatia Communications & Retail (India) Ltd. | 24.25 | 15.6% |
| Fonebox Retail Ltd. | 22.2 | 13.18% |
| Umiya Mobile Ltd. | 14.02 | 40.51% |
About Vinit Mobile Limited
Incorporated in 2011, Vinit Mobile is a multi-brand mobile retail business. The company offers a wide range of mobile phones from leading brands such as Apple, Samsung, Vivo, Oppo, Xiaomi, Realme, Motorola, and OnePlus . In addition, the stores sell tablets, data cards, and mobile accessories, including earphones, chargers, power banks, screen guards, and mobile covers. As of the date of this RHP, the company operates 35 company-owned and company-operated (COCO) retail stores across the Surat district, including Pandesara, Kadodara, Sachin, Amroli, Hazira, Sayan, Saroli, and Nilgiri. The Company has tie-ups with financial institutions such as Bajaj Finserv, HDB Financial Services, and TVS Credit to provide EMI and financing options to customers, subject to approval. It also assists customers with after-sales service by coordinating with authorized service centers for warranty and repair support. In addition to retail sales, the company also undertakes B2B bulk sales of mobile phones and accessories to small retailers and corporate customers. Competitive Strengths Company Owned Company Operated Stores (COCO) Experienced Promoters and Management Team Multi-Brand Retailing and Partnership Opportunities Extensive Distribution Network in Surat Strategic Store Locations and Customer Experience Financial arrangements with financial institutions Innovative gift baskets to attract customers Centralized Inventory Management System Employee Training and After-Sales Assistance
Objects of the Issue
- Set up cost of New Stores (₹0.62 Cr)
- Working Capital (₹23.75 Cr)
- General Corporate Purposes (₹5.12 Cr)
- Public Issue Expenses (₹4.64 Cr)
Promoters
- <p>Vinit Jalan
- Shweta Jalan</p>
Company Information
- Book running lead managers
- Comfort Securities Ltd.
- Registered office
- Plot no. 358, Ground, 1st & 2nd floor, Gopal Nagar, Bamroli Althan Expressway,, Pandesara, Surat, Gujarat, 394221
- Market maker
- Comfort Securities Ltd.
Official Documents
Opens the source filing in a new tab
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