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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹34.13 Cr |
| Reserved for Market Maker | ₹1.71 Cr |
| Net Issue Size | ₹34.13 Cr |
| Fresh Issue | ₹32.42 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹150.00-158.00 per share |
| NSE Code | VMOBILE |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Comfort Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares · Multiples of 800 shares
Vinit Mobile IPO comprises a total issue size of 21,60,000 shares. The net offer to the public is 20,52,000 shares, after excluding 1,08,000 shares allotted on a firm basis. Of the Net offer 21,600 (1.05%) are allocated to QIB, 8,20,800 (40.00%) allocated to NII 12,09,600 (58.95%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 21,600 | 1.05% | 1.00% |
| NII (HNI) Shares Offered | 8,20,800 | 40.00% | 38.00% |
| − bNII > ₹10L | 1,65,600 | 7.67% | |
| − sNII < ₹10L | 6,55,200 | 30.33% | |
| Retail Shares Offered | 12,09,600 | 58.95% | 56.00% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,08,000 | 5.00% | |
| Total Shares Offered | 21,60,000 | 100.00% | 100.00% |
Vinit Mobile Limited, incorporated in 2011, is engaged in the retail sale of smartphones, mobile devices, and related accessories through a network of company-owned stores. The company operates as a multi-brand mobile retailer, offering products from leading smartphone manufacturers, including Apple, Samsung, Vivo, Oppo, Xiaomi, Realme, Motorola, and OnePlus.
In addition to smartphones, the company offers a comprehensive range of consumer electronics and accessories such as tablets, data cards, earphones, chargers, power banks, screen protectors, and mobile covers. Its product portfolio is designed to cater to a broad customer base seeking both premium and budget-friendly mobile solutions.
As of the date of the RHP, Vinit Mobile operates 35 Company-Owned Company-Operated (COCO) retail outlets across various locations in Surat district, Gujarat, including Pandesara, Kadodara, Sachin, Amroli, Hazira, Sayan, Saroli, and Nilgiri. The strategically located stores help the company maintain a strong presence in the regional mobile retail market.
To enhance customer convenience and affordability, the company has established financing arrangements with leading financial institutions such as Bajaj Finserv, HDB Financial Services, and TVS Credit. These partnerships enable eligible customers to avail themselves of EMI and consumer financing facilities for mobile purchases. The company also facilitates after-sales support by coordinating with authorized service centers for warranty claims, repairs, and maintenance services.
Beyond its retail operations, Vinit Mobile is also involved in business-to-business (B2B) sales, supplying mobile phones and accessories in bulk quantities to small retailers, distributors, and corporate clients.
Key Competitive Strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Set up cost of New Stores | 0.62 |
| 2 | Working Capital | 23.75 |
| 3 | General Corporate Purposes | |
| Total | 24.37 |
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 25.04 | 13.34 | 7.41 | 0.01 |
| Total Income | 56.01 | 60.63 | 28.59 | 0.00 |
| Profit After Tax | 5.11 | 3.90 | 0.72 | -0.00 |
| EBITDA | 7.53 | 5.72 | 1.05 | -0.00 |
| NET Worth | 9.71 | 4.60 | 0.70 | -0.02 |
| Reserves and Surplus | 5.70 | 4.59 | 0.69 | -0.03 |
| Total Borrowing | 6.07 | 3.04 | 3.10 | 0.03 |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 52.61% | 84.78% |
| ROCE | 46.48% | 73.66% |
| Debt / Equity | 0.62% | 0.66% |
| RoNW | 52.61% | 84.78% |
| PAT Margin | 9.12% | 6.44% |
| EBITDA Margin | 13.60% | 9.53% |
| Price to Book Value | 13.76 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 9.73 | 11.04 |
| P/E (x) | 16.24 | 14.31 |
| Promoter Holding | 99.80% | |
| Market Cap | ₹97.49 Cr. | |
