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Vinit Mobile IPO 2026: Price Band, GMP, Subscription Status, Financials and Complete IPO Review
Vinit Mobile IPO has entered the SME market with a ₹34.13 crore fresh issue aimed at expan...
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V
SME IPO
LISTED
NSE SME
VMOBILE
Vinit Mobile IPO
Vinit Mobile IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹30
+19.0%
Est. Listing: ₹188.00
Price Band
₹150 - ₹158
Per equity share
Lot Size
800 Shares
Min Invest: ₹2,52,800
Issue Size
₹34.13 Cr
Total Public Offering
Issue Dates
29 June 2026 – 1 July 2026
Bidding period
Subscription
1.62x
Total overall demand
Vinit Mobile IPO Details
Key facts at a glance| IPO Open Date | 29 June 2026 | IPO Close Date | 1 July 2026 |
|---|---|---|---|
| Basis of Allotment | 2 July 2026 | Listing Date | 6 July 2026 |
| Price Band | ₹150 - ₹158 per share | Face Value | ₹10 per share |
| Market Lot Size | 800 Shares | Min Investment (Retail) | ₹2,52,800 |
| Total Issue Size | ₹34.13 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE SME | Issue Category | SME Issue |
| Registrar | TBA | ||
Vinit Mobile IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 29 June 2026 | Confirmed |
| IPO Close Date | 1 July 2026 | Confirmed |
| Basis of Allotment | 2 July 2026 | Tentative |
| Initiation of Refunds | 6 July 2026 | Tentative |
| Credit of Shares to Demat | 6 July 2026 | Tentative |
| IPO Listing Date | 6 July 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 2 July 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Vinit Mobile IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 1,600 Shares | ₹2,52,800 |
| Retail (Max) | 2 Lots | 1,600 Shares | ₹2,52,800 |
| S-HNI (Min) | 3 Lots | 2,400 Shares | ₹3,79,200 |
| S-HNI (Max) | 7 Lots | 5,600 Shares | ₹8,84,800 |
| B-HNI (Min) | 8 Lots | 6,400 Shares | ₹10,11,200 |
Vinit Mobile IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹30 +19.0%
Estimated Listing Price
₹188.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 2 Jul 2026 | ₹30 | ₹188.00 | +18.99% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Vinit Mobile IPO Subscription Status
Demand breakdown by investor category
Retail
2.18x
QIB
1.00x
NII / HNI
—
Total
1.62x
About Vinit Mobile
Vinit Mobile Limited is a multi-brand mobile retail company engaged in the sale of mobile phones, tablets and related accessories through its Company-Owned and Company-Operated (COCO) retail network. The company operates 35 retail stores across the Surat district of Gujarat and the Jaipur district of Rajasthan. It offers products from leading smartphone brands such as Apple, Samsung, Vivo, Oppo, Xiaomi, Motorola, OnePlus and Realme, along with accessories including chargers, earphones, power banks, screen guards and mobile covers. The company primarily generates revenue from retail sales to individual customers, while also supplying mobile handsets and accessories in bulk to small and mid-sized retailers and corporate customers. Its centralised operating model uses an in-house ERP platform for inventory management, billing and store operations. The company also facilitates consumer financing through financial institution partners and provides after-sales support through authorised service centres.
Key Strengths
- Operates a network of 35 company-owned mobile retail stores across Surat and Jaipur.
- Offers a wide range of leading smartphone brands, along with tablets and mobile accessories under one roof.
- Generates revenue from both retail customers and bulk sales to retailers and corporate customers.
- Promoter and Managing Director Mr. Vinit Jalan has over 15 years of experience in the mobile retail business.
- Uses an in-house ERP system to manage inventory, billing and store operations across its retail network.
Key Risks
- The business is focused mainly on mobile phones and accessories, limiting product diversification.
- A large share of purchases comes from a limited number of suppliers, creating supplier concentration risk.
- Operations and revenue are concentrated mainly in Surat, Gujarat, exposing the business to regional risks.
- The company depends on employees provided by brand partners at its retail stores for sales and operations.
- The business depends heavily on its promoter and key management, and it does not have a formal succession plan.
Vinit Mobile IPO Reservation & Share Quotas
Vinit Mobile Limited has allocated shares across different investor categories in accordance with regulatory guidelines for SME IPOs. The reservation structure ensures participation from Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Individual Investors (RII).
The retail segment receives the largest allocation in the issue, while a dedicated portion has been reserved for institutional and non-institutional investors. The final allocation may be subject to adjustments as per applicable regulations and subscription demand.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 21,600 Shares | -% |
| NII Shares Offered | 8,20,800 Shares | 38.00% |
| Retail Shares Offered | 12,09,600 Shares | 56.00% |
Vinit Mobile IPO Important Dates
The Vinit Mobile IPO will open for subscription on June 30, 2026, and will remain available for bidding until July 2, 2026. Investors can apply for the IPO during the issue period through supported ASBA and UPI mechanisms offered by registered brokers and banks.
Following the closure of the subscription window, the basis of allotment is expected to be finalized on July 3, 2026. Eligible investors will receive refunds or share credits on July 6, 2026, while the company's shares are scheduled to debut on the NSE SME platform on July 7, 2026.
| Event | Date |
|---|---|
| IPO Open Date | June 30, 2026 |
| IPO Close Date | July 2, 2026 |
| Basis of Allotment | July 3, 2026 |
| Refunds | July 6, 2026 |
| Credit to Demat Account | July 6, 2026 |
| IPO Listing Date | July 7, 2026 |
| IPO Bidding Cut-off Time | July 2, 2026 – 5 PM |
Vinit Mobile IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 30 Jun 2026 |
| IPO Close Date | 02 Jul 2026 |
| Basis of Allotment | 03 Jul 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 07 Jul 2026 |
Note: The timeline for வினித் மொபைல் IPO is tentative and subject to change.
Vinit Mobile Objects of the Issue & Utilisation of Proceeds
Vinit Mobile Limited intends to utilize the proceeds raised through the public issue to support its expansion plans, strengthen working capital requirements, and enhance its overall business operations. The company aims to improve its market reach and operational efficiency through strategic deployment of the funds raised from the IPO.
A significant portion of the issue proceeds has been earmarked for meeting working capital needs, while a part of the funds will be used for setting up new stores and supporting future growth initiatives. The remaining amount may be utilized towards general corporate purposes as permitted under applicable regulations.
| Purpose | Amount (Crores) |
|---|---|
| Set up cost of New Stores | ₹0.62 |
| Working Capital | ₹23.75 |
| General Corporate Purpose | ₹- |
Vinit Mobile Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Vinit Mobile Company Financial Report
Vinit Mobile Limited has demonstrated strong financial growth over the last few financial periods, supported by increasing demand for mobile handsets and consumer electronics products. The company has witnessed significant growth in revenue while maintaining healthy profitability and improving operational efficiency.
The financial performance highlights a sharp increase in revenue, assets, and profit after tax (PAT), indicating improving business fundamentals and expansion in operations. Investors generally consider these metrics while evaluating the long-term growth prospects of an IPO-bound company.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹28.59 | ₹27.62 | ₹0.72 | ₹7.41 |
| 2025 | ₹60.63 | ₹55.42 | ₹3.90 | ₹13.34 |
| Dec 2025 | ₹56.01 | ₹49.20 | ₹5.11 | ₹25.04 |
Amount in ₹ Crores. Financial figures are based on the company's reported financial statements for the respective periods.
Vinit Mobile Company Financial Report
To Be Updated Soon
Vinit Mobile Company Valuation & Key Performance Indicators
To Be Updated Soon
Vinit Mobile Peer Group Comparison
To Be Updated Soon
Vinit Mobile IPO FAQs
Vinit Mobile IPO opens for subscription on 29 June 2026 and closes on 1 July 2026.
The price band for Vinit Mobile IPO is set at ₹150.00 to ₹158.00 per share.
The minimum market lot size is 800 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 1,600 Shares (₹2,52,800).
The latest Grey Market Premium (GMP) for Vinit Mobile IPO is ₹30. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Vinit Mobile IPO is tentatively scheduled for 2 July 2026, and shares are expected to list on the stock exchanges on 6 July 2026.
The registrar details will be confirmed in the official prospectus.
Vinit Mobile IPO Analysis & Articles