About Vinit Mobile IPO
Vinit Mobile IPO Details
Vinit Mobile IPO is a 100% book-built fresh issue of up to 21,60,000 equity shares worth up to ₹34 crore, with a face value of ₹10 per share. The company filed its DRHP with SEBI on December 25, 2025.
The price band of the issue is set at ₹150 to ₹158 per share and the lot size for an application is 800 shares. The minimum amount of investment required by an individual investor is ₹2,52,800 (1,600 shares). The IPO will be open for subscription from June 30 to July 2, 2026, on the NSE SME platform, with a tentative listing date fixed as July 7, 2026. The book-running lead manager of the issue is Comfort Securities Limited, while the registrar to the offer is Bigshare Services Private Limited.
Vinit Mobile IPO Date & Timeline
The Vinit Mobile IPO is officially set to open for subscription on Jun 30, 2026 and will close on Jul 2, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on December 25, 2025 and has now finalised its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Jul 3, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Jul 6, 2026. Finally, shares of Vinit Mobile Ltd. are tentatively scheduled to list on the stock exchanges on Jul 7, 2026.
Vinit Mobile IPO Timeline
| IPO Open Date | Tue, Jun 30, 2026 |
| IPO Close Date | Thu, Jul 2, 2026 |
| Tentative Allotment | Fri, Jul 3, 2026 |
| Initiation of Refunds | Mon, Jul 6, 2026 |
| Credit of Shares to Demat | Mon, Jul 6, 2026 |
| Tentative Listing Date | Tue, Jul 7, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Vinit Mobile IPO Details
| Detail | Description |
|---|---|
| IPO Date | 30 Jun to 2 Jul, 2026 |
| Listing Date | 7 Jun, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 150 to ₹ 158 |
| Lot Size | 800 Shares |
| IPO Type | Fresh Capital |
| Total Issue Size | 21,60,000 shares (agg. up to ₹ 34 Cr) |
| Reserved for Market Maker | 1,08,000 shares (agg. up to ₹ 2 Cr) Comfort Securities Ltd. |
| Fresh Issue(Ex Market Maker) | 20,52,000 shares (agg. up to ₹ 32 Cr) |
| Net Offered to Public | 20,52,000 shares (agg. up to ₹ 32 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 40,10,000 shares |
| Share Holding Post Issue | 61,70,000 shares |
Vinit Mobile IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Vinit Mobile IPO GMP is currently trading at ₹1, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹159, which is 0.63% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Vinit Mobile GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 3 Jul 2026 | ₹158.00 | ₹1 | 3 Jul, 202610:03 AM |
| 2 Jul 2026 | ₹158.00 | ₹1 | 2 Jul, 202609:59 AM |
| 1 Jul 2026 | ₹158.00 | ₹30 | 1 Jul, 202610:25 AM |
| 30 Jun 2026 | ₹158.00 | ₹30 | 30 Jun, 202601:28 PM |
| 29 Jun 2026 | ₹158.00 | ₹0 | 29 Jun, 202610:11 AM |
| 28 Jun 2026 | ₹158.00 | ₹0 | 29 Jun, 202610:11 AM |
| 27 Jun 2026 | ₹158.00 | ₹0 | 29 Jun, 202610:11 AM |
| 26 Jun 2026 | ₹158.00 | ₹0 | 29 Jun, 202610:11 AM |
| 25 Jun, 2026 | ₹158.00 | ₹0 | 25 Jun, 202605:25 PM |
Company Background
Vinit Mobile Ltd. was incorporated on May 26, 2011, under the name "Tanya Silk Mills Private Limited". Its direction changed when it was renamed to "Vinit Mobile Private Limited" in March 2020, pivoting formally into the mobile retail business.
On May 21, 2025, the company converted into a public limited company to proceed with its public listing procedures. The company mainly provides after-sales assistance to customers for mobile phones and accessories sold via its stores. Headquartered in Pandesara, Surat, Gujarat, the company has grown from a nascent retail operation to managing 32 COCO retail outlets within the Surat district.
Operations & Product Range
Vinit Mobile Ltd. operates a multi-brand mobile retail chain under the COCO (Company Owned, Company Operated) model. Its stores stock smartphones from most major brands in India, including Apple, OnePlus, Motorola, Samsung, Vivo, Oppo, Realme and Xiaomi. Alongside smartphones, stores carry tablets, data cards and accessories earphones, chargers, power banks, screen guards and mobile covers all available under one roof. The company serves retail consumers seeking branded mobile products and accessories primarily within the Surat region.
Facilities & Capacity
Vinit Mobiles Ltd. operates all 32 stores under the COCO model on leased or leave-and-licence premises, spread across key micro-markets within the Surat district including Pandesara, Kadodara, Sachin, Amroli, Hazira, Sayan, Saroli and the Nilgiri area. The store network has expanded steadily: 22 new stores were added in FY24, followed by 7 more in FY25, with further additions in Q1 FY26 taking the total to 32 stores by June 30, 2025. While in its listing, the company aims to expand its market presence by establishing new retail stores with the proceeds.
Brands & Market Presence
Vinit Mobile Ltd. market identity is built on being a trusted multi-brand retail destination for premium smartphones and accessories. The company's store shelves feature products from the most sought-after handset brands in the country: Apple, Samsung, Vivo, Oppo, Realme, Xiaomi, Motorola and OnePlus, ensuring wide consumer appeal across price segments. All operations of the company are currently concentrated within the Surat district of Gujarat, covering industrial clusters and residential catchment areas. The company's business is entirely domestic, with no export component.
Revenue Streams & Business Model
Vinit Mobile Ltd. generates revenue entirely through retail sales of mobile handsets and accessories across its COCO store network. For FY25, revenue from operations stood at approximately ₹60 crore, a significant jump from approximately ₹28.56 crore in FY24. FY23 marked the earliest phase of meaningful operations with negligible revenue. PAT grew from ₹71.99 lakhs in FY24 to approximately ₹3.90 crore in FY25. For Q1 FY26 (April–June 2025), revenue was approximately ₹18.09 crore with a PAT of ₹1.00 crore. The revenue model is entirely retail-driven, with no B2B or white-label segment.
Management & Shareholding
Vinit Mobile Ltd. is promoted by Mr. Vinit Jalan and Mrs. Shweta Jalan. Before the public listing, the promoters held an 85.60% stake and the promoter group held a 14.20% stake in the company, but after the IPO, the promoters' and the promoter group’s ownership will be slightly diluted, as the offering includes a fresh issue of shares only.
Board & Key Management
The leadership of Vinit Mobile Ltd. is led by a team of experts with many years of experience. Mr. Vinit Jalan serves as the Chairman & Managing Director and gives strategic direction to the firm and the daily operations, along with Whole-Time Directors. To ensure good governance, the board includes Independent Directors Vinaykumar Tailor, Aditya Patel and Sanjay Vegad for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Vinit Mobile IPO Financial Information
Latest Revenue
55.36
₹ Crore
Profit After Tax
5.11
₹ Crore
Net Worth
9.71
₹ Crore
Total Borrowing
6.07
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2025 | 25.04 | 55.36 | 5.11 | 9.71 | 5.7 | 6.07 | |||
| 30 Jun 202531 Mar 2025 | 13.34 | 59.99 | 3.9 | 4.6 | 4.59 | 3.04 | |||
| 31 Mar 2024 | 7.41 | 28.56 | 7.199 | 0.7 | 0.69 | 3.1 | |||
| Amount in ₹ Crore | |||||||||
Vinit Mobile Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 52.61 % |
| ROCE | 46.48 % |
| Debt/Equity | 0.62 |
| RoNW | 52.61 % |
| PAT Margin | 9.12 % |
| EBITDA Margin | 13.6 % |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.73 | 11.04 |
| P/E (x) | 16.24 | 14.31 |
Vinit Mobile IPO Objectives
The company planned to utilise the Vinit Mobile IPO proceeds for strategic purposes:
- • Establishing new retail stores to enhance its market presence.
- • Funding the working capital requirement.
- • General corporate purposes.
Vinit Mobile IPO Review
Vinit Mobile Ltd. operates in India's mobile retail segment, which continues to benefit from consistent consumer demand for smartphones and accessories. India's rise as the second-largest mobile phone producer globally, alongside strong domestic demand, provides a supportive industry backdrop for multi-brand retailers. The company's COCO model differentiates it from franchise or distributor-led models by giving management direct control over the quality and performance of each store.
Financially, the company has shown growing and profitable financial statements. For Q3 FY26, the company has reported a total income of ₹56.01 crore and PAT was at ₹5.10 crore, with an EBITDA of ₹7.53 crore. Notably, the top 10 customers of the company have contributed ₹16.19 crore, which is nearly 30% of the total revenue from operations.
However, an investor must be aware of both sides of the company, from profitable financial statements to potential risks. Certain risks include revenue concentration among a limited number of customers, which adds volatility. The entire geographic footprint remains within a single district, leaving the company exposed to any regional economic or market disruption. All store premises are leased, creating potential risks around renewals and cost escalation. Overall, the IPO presents a straightforward retail expansion story focused on deepening its presence within Surat before broader geographic scaling.
Conclusion
Vinit Mobile IPO is an opportunity for investors to invest in a focused mobile retail operator, backed by a growing store network and a clear COCO operating model. India's mobile consumer demand continues to offer a steady environment for established retail players. With this listing, the company aims to establish new retail stores to enhance market presence and to explore the untouched market areas, to fund its day-to-day operational requirements and to cover its general business needs. Overall, this IPO is a chance for investors to invest in the growing niche or sector of the market.
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Competitive Strengths
An established multi-branded retail network with 32 COCO stores operating in important micro-industrial and residential market segments within the district of Surat.
The COCO business model ensures complete control over store operations, inventory management, customer experience and brand management in all stores.
Management is promoter-led and has firsthand experience in the retailing of mobile phones.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1600 | 252800 |
| Individual investors (Retail) (Max) | 2 | 1600 | 252800 |
| S-HNI (Min) | 3 | 2400 | 379200 |
| S-HNI (Max) | 7 | 5600 | 884800 |
| B-HNI (Min) | 8 | 6400 | 1011200 |