Independent Research on Mutual Funds, Stocks & IPOs for Indian Investors

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Vinit Mobile Limited

IPO Type:

SME

Status:

Listed

Sector:

Retail / Mobile Phones & Electronics

Exchange:

NSE SME

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Vinit Mobile Limited, incorporated 2011, is a multi-brand mobile retail company operating 35 company-owned company-operated (COCO) stores across Surat district, Gujarat (Pandesara, Kadodara, Sachin, Amroli, Hazira, Sayan, Saroli, Nilgiri). Sells smartphones from Apple, Samsung, Vivo, Oppo, Xiaomi, Realme, Motorola, OnePlus, plus tablets, data cards and mobile accessories. Offers customer financing via tie-ups with Bajaj Finserv, HDB Financial Services and TVS Credit. Revenue grew from ₹28.59 Cr (2024) to ₹60.63 Cr (2025); PAT from ₹0.72 Cr to ₹3.90 Cr. Promoters: Vinit Jalan, Shweta Jalan. Entirely fresh issue, no OFS. Geographically concentrated in one district - a noted risk.

Issue Size (Cr)

34.13

0.67

x times original subscription

155

Listing Price (₹)

Issue Dates

Jun 30 - Jul 2

Price Band

₹150 to ₹158

Allotment Date

3 July 2026

Listing Date

7 July 2026

Lot Size

1600

QIB (times x)

NII (timex x)

Retail (times x)

Min Investment (₹)

252800

Registrar

Bigshare Services Pvt Ltd

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