Vinit Mobile Limited operates a multi-brand mobile retail business, offering smartphones from leading brands such as Apple, Samsung, Vivo, Oppo, Xiaomi, Realme, Motorola, and OnePlus. The company also sells tablets, data cards, and mobile accessories, including chargers, earphones, power banks, mobile covers, and screen guards.
As of the RHP date, the company operates 35 company-owned retail stores (COCO model) across the Surat district of Gujarat, covering locations like Pandesara, Kadodara, Sachin, Amroli, Hazira, Sayan, Saroli, and Nilgiri.
The company also provides EMI and financing options through partnerships with Bajaj Finserv, HDB Financial Services, and TVS Credit, while additionally supporting customers with after-sales service and warranty coordination.
Apart from retail operations, the company also generates revenue through B2B bulk sales of mobile phones and accessories to retailers and corporate clients.
Vinit Mobile IPO – Details
| IPO Opening Date | 30 June 2026 |
| IPO Closing Date | 02 July 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 21,60,000 Shares Worth ₹34.13 Crore Fresh Issue: 21,60,000 Shares Worth ₹34.13 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹150 – ₹158 per share |
| Market Lot | 800 Shares |
| Min Order | 800 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 1.05% |
| NII Shares Offered | 40.00% |
| Retail Shares Offered | 58.95% |
Vinit Mobile IPO – Date Schedule
| IPO Open Date | 30 June 2026 |
| IPO Close Date | 02 July 2026 |
| Basis of Allotment | 03 July 2026 |
| Initiation of Refund | 06 July 2026 |
| Credit of Shares to Demat | 06 July 2026 |
| IPO Listing Date | 07 July 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 02, 2026 |
Vinit Mobile IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1600 | ₹2,52,800 |
| Retail (Max) | 2 | 1600 | ₹2,52,800 |
| S-HNI (Min) | 3 | 2400 | ₹3,79,200 |
| S-HNI (Max) | 7 | 5600 | ₹8,84,800 |
| B-HNI (Min) | 8 | 6400 | ₹10,11,200 |
Competitive Strength
- 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.
Company Promoters
- Mr. Vinit Jalan
- Mrs. Shweta Jalan
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹0.00 Cr | ₹0.00 Cr | – ₹0.00 Cr | ₹0.03 Cr |
| 31 March 2024 | ₹28.59 Cr | ₹27.62 Cr | ₹0.72 Cr | ₹3.10 Cr |
| 31 March 2025 | ₹60.63 Cr | ₹55.42 Cr | ₹3.90 Cr | ₹3.04 Cr |
| 31 December 2025 | ₹56.01 Cr | ₹49.20 Cr | ₹5.11 Cr | ₹6.07 Cr |
Key Performance Indicator
| KPI | Values (Dec 31, 2025) |
|---|---|
| ROE | 52.61% |
| ROCE | 46.48% |
| Debt/Equity | 0.62 |
| RoNW | 52.61% |
| PAT Margin | 9.12% |
| EBITDA Margin | 13.60% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.73 | 11.04 |
| P/E (x) | 16.24 | 14.31 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Set up the cost of the new stores. | ₹0.62 |
| Working Capital. | ₹23.75 |
| General Corporate Purpose. | – |
✅Strengths
- Strong network of 35 retail stores in Surat.
- Sells leading brands like Apple, Samsung & Vivo.
- Revenue from both retail and B2B sales.
- EMI support through finance partnerships.
⚠️Risks
- Business largely dependent on Surat market.
- High competition from online and offline retailers.
- Dependence on major mobile brands/suppliers.
- Fast-changing technology may affect demand.
Vinit Mobile IPO Promoter Holding
| Pre-Issue Share Holding | 99.80% |
| Post Issue Share Holding | – |
Vinit Mobile IPO Prospectus
Company Contact Information
| Vinit Mobile Limited Plot no. 358, Ground, 1st & 2nd floor Gopal Nagar, Bamroli Althan Expressway, Pandesara, Surat, Gujarat, 394221 Phone: +91 9227984148 Email: compliance@vinitmobile.com Website: https://vinitmobile.in/ |
Vinit Mobile IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Vinit Mobile IPO Lead Manager(s)
| 1. Comfort Securities Ltd. |
Vinit Mobile IPO FAQ
| What is the Vinit Mobile IPO? Vinit Mobile IPO is an SME IPO. The issue is priced at ₹150 – ₹158 per equity share. The IPO is to be listed on NSE SME. |
| When will Vinit Mobile IPO open? The IPO is to open on 30 June 2026 for QIB, NII and Retail Investors. |
| What is Vinit Mobile IPO Investors’ Portion? The investors’ portion for QIB – 1.05%, NII – 40%, and Retail – 58.95%. |
| What is the Vinit Mobile IPO Size? Vinit Mobile IPO size is ₹34.13 Crore. |
| What are the Vinit Mobile IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 1600 Shares for ₹2,52,800, while the maximum bid is 1600 Shares for ₹2,52,800. |
| What is the Vinit Mobile IPO Allotment Date? Vinit Mobile IPO allotment date is 03 July 2026. |
| What is the Vinit Mobile IPO Listing Date? Vinit Mobile IPO listing date is 07 July 2026. The IPO is to be listed on the NSE SME. |
