Vinit Mobile IPO
Vinit Mobile Limited · Mobile Phone Retail
- Issue price
- ₹158per share
- Issue size
- ₹34.13 Cr21,60,000 shares
- Face value
- ₹10per equity share
- Lot size
- 1,600 sharesMin. ₹2.53 L at the upper price
- OpensTue, 2026
- ClosesThu, 2026
- AllotmentFri, 2026
- ListingTue, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 21,60,000 shares (₹34.13 Cr)
- Offer for sale
- None
- Total issue
- 21,60,000 shares (₹34.13 Cr)
- Market maker portion
- 1,08,000 shares
- Face value
- ₹10
- Listing at
- NSE Emerge
- Promoter holding
- 99.60% → 64.74%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail56.0%
- NII38.0%
- QIB ex-anchor1.0%
- Market maker5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 12,09,600 | 58.95% | 35% |
| Non-institutional investors (NII) | 8,20,800 | 40.00% | 15% |
| Qualified institutional buyers (QIB) | 21,600 | 1.05% | 50% |
| QIB, excluding anchor | 21,600 | 1.05% | — |
| Market maker | 1,08,000 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹158 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 1,600 | ₹2.53 L |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹9.73
- P/E (FY 2024-25 (at cap price))
- 16.24×
- RoNW
- 84.78%
- NAV per share (After issue (cap price))
- ₹71.05
- Debt to equity (Period ended December 31, 2025)
- 0.62
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Dec 20259 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|
| Revenue from operations | 55.36 | 59.99 | 28.56 | 0.00 |
| Total income | 56.01 | 60.63 | 28.59 | 0.00 |
| EBITDA | 7.53 | 5.72 | 1.05 | -0.00 |
| Profit after tax | 5.11 | 3.90 | 0.72 | -0.00 |
| Net worth | 9.71 | 4.60 | 0.70 | -0.02 |
| Reserves and surplus | 5.70 | 4.59 | 0.69 | -0.03 |
| Total assets | 25.04 | 13.34 | 7.41 | 0.01 |
| Total borrowing | 6.07 | — | — | — |
FY 2024-25 vs FY 2023-24: revenue +110.0%, profit after tax +442.0%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: ProspectusUpdated
About the company
The company runs a multi-brand mobile handset and accessories retail chain, operating company-owned and company-run stores mainly in Surat (Gujarat) and Jaipur (Rajasthan). It also makes bulk B2B sales to smaller retailers and corporate customers. As of the prospectus date it operated 35 stores.
- Incorporated
- 2011
- Industry
- Mobile Phone Retail
- CIN
- U51100GJ2011PLC065617
- Website
- vinitmobile.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Mr. Vinit Jalan | Promoter | 49.80% | 32.37% |
| Mrs. Shweta Jalan | Promoter | 35.80% | 23.27% |
| Mrs. Ranjana Jalan | Promoter group | 7.00% | 4.55% |
| Mr. Ravishankar Jalan | Promoter group | 7.00% | 4.55% |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Setting up six new retail stores | 0.62 |
| Working capital requirements | 23.75 |
| General corporate purposes | 5.12 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Vinit Mobile LimitedIssuer | ₹9.73 | 16.24× | 84.78% | ₹11.48 |
| Bhatia Communications & Retail (India) Limited | ₹1.1 | 24.25× | 15.60% | ₹7.07 |
| Fonebox Retail Limited | ₹4.43 | 22.20× | 13.18% | ₹33.69 |
| Umiya Mobile Limited | ₹5.42 | 14.02× | 40.51% | ₹13.69 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Operates a retail network of 35 company-owned stores across Gujarat and Rajasthan.
- Carries a range of leading mobile handset brands and accessories under one roof.
- Revenue grew sharply from FY 2023-24 to FY 2024-25 as the store network expanded.
- Has supplementary B2B sales to retailers and corporate customers.
Risks
- Four stores lack Gujarat Shops and Establishments Act registration, which could lead to penalties or relocation.
- Dependence on a limited number of suppliers for most of its procurement.
- Business depends heavily on the success of the brands it sells.
- Promoters previously ran a similar business through proprietorships, creating potential conflicts of interest.
- Restated financials were prepared by a peer reviewer who is not the statutory auditor.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹158) appear here after the shares list on NSE Emerge.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Vinit Mobile IPO open and close?
According to the Prospectus, the issue opens on Tuesday, 30 June 2026 and closes on Thursday, 2 July 2026.
What is the Vinit Mobile IPO price band?
The final issue price is ₹158 per share.
What is the lot size of the Vinit Mobile IPO?
One lot is 1,600 shares, which is ₹2.53 L at ₹158 per share.
Where will Vinit Mobile shares list?
On NSE Emerge. The tentative listing date is Tuesday, 7 July 2026.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Vinit Mobile IPO allotment status?
The basis of allotment is expected to be finalised on Friday, 3 July 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited). Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹62.05 L for setting up six new retail stores, ₹23.75 Cr for working capital requirements, ₹5.12 Cr for general corporate purposes.
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