Vinit Mobile Limited
Minimum investment
Bidding date
30 Jun - 02 Jul 2026
Price range
₹150 - ₹158
Minimum quantity
1,600
Minimum investment
₹1,20,000
Issue size
₹34 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Total Issue Size:
₹34 Crore
Fresh Issue: 94% (₹32 Cr)
OFS: 0% (₹0 Cr)
Fresh Issue – ₹32 Crore
Offer for Sale – ₹0 Crore
Before Issue: 85.6%
After Issue: 55.63%
Lock-in / Stabilization | Timeline |
|---|---|
Minimum Promoters' Contribution (20.10% of Post-Issue Equity Share Capital) | 3 Years from the date of allotment |
50% of Promoters' Holding in Excess of Minimum Promoters' Contribution | 2 Years from the date of allotment |
Remaining 50% of Promoters' Holding in Excess of Minimum Promoters' Contribution | 1 Year from the date of allotment |
Note: Retail IPO investors have no lock-in and can sell shares from the listing day.
Category | Subscription |
|---|---|
Qualified Institutional Buyers | - |
Retail Individual Investor | - |
Non-Institutional Investor | - |
Others | - |
Total | 0.06x |
Vinit Mobile Limited, incorporated in 2011, is a multi-brand mobile retail company engaged in the sale of smartphones, tablets, mobile accessories, and related electronic products. The company offers products from leading brands such as Apple, Samsung, Vivo, Oppo, Xiaomi, Realme, Motorola, and OnePlus. As of the RHP date, it operates 35 Company-Owned Company-Operated (COCO) retail stores across Surat, Gujarat. Apart from retail sales, the company also supplies mobile phones and accessories to retailers and corporate customers through its B2B business. Vinit Mobile has partnered with financial institutions like Bajaj Finserv, HDB Financial Services, and TVS Credit to provide EMI facilities and also assists customers with after-sales service. The IPO is entirely a fresh issue of Rs. 34.13 crore, and the proceeds will primarily be used for working capital, setting up new stores, and general corporate purposes.
Strong Multi-Brand Product Portfolio: The company sells products from leading smartphone brands, reducing dependence on a single manufacturer and attracting a broad customer base.
Company-Owned Retail Network: Its COCO model provides better inventory management, customer service, and operational efficiency.
Experienced Management Team: The promoters have more than a decade of experience in the mobile retail industry and have successfully expanded the business.
Healthy Financial Performance: Vinit Mobile has shown significant improvement in revenue, profit after tax, EBITDA, and return ratios since FY2024.
Additional Revenue Opportunities: Besides retail operations, the company earns revenue through B2B sales and value-added services such as EMI assistance and after-sales support.
Highly Competitive Industry: The mobile retail business faces intense competition from online marketplaces, organized retail chains, and local mobile stores.
Geographic Concentration: Most of the company's stores are located in Surat, making its business dependent on the performance of a single regional market.
Dependence on Major Smartphone Brands: The company relies on leading smartphone manufacturers for inventory. Any disruption in supply or dealership arrangements could impact sales.
Working Capital Intensive Business: Maintaining inventory requires significant working capital, making efficient inventory management essential for smooth operations.
Aggressive Valuation: Based on available financial metrics, the IPO appears to be priced at a premium compared to some SME peers, which may limit listing gains.
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7.53 Cr.
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57 investors voted
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