Who is the CEO of Vinit Mobile Ltd?
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Mr. Vinit Jalan serves as the Promoter, Chairman & Managing Director of Vinit Mobile Ltd.
Vinit Mobile Ltd operates a multi-brand mobile retail business, offering smartphones, tablets and mobile accessories through its company-owned stores. The Vinit Mobile IPO opens on 30 June 2026 and closes on 2 July 2026. The issue comprises 21,60,000 equity shares with a price band of ₹150 to ₹158 per share, aggregating up to ₹34.13 crore. The shares are proposed to be listed on the NSE SME platform.
Vinit Mobile Ltd operates in the multi-brand mobile retail segment, offering smartphones, tablets and mobile accessories through a network of company-owned retail stores. The company also caters to business customers by supplying mobile devices and accessories in bulk to retailers and corporate clients. In addition, it facilitates financing options for eligible customers through arrangements with financial institutions and provides after-sales support by coordinating with authorised service centres. Its operations are currently concentrated in the Surat district of Gujarat and the Jaipur district of Rajasthan. The company offers products from multiple smartphone brands along with accessories such as chargers, earphones, power banks, screen guards and mobile covers. Its business model combines retail sales with B2B distribution, enabling it to serve individual consumers as well as commercial customers. The company's market position is supported by its physical retail network in its operating regions and its focus on offering a range of mobile devices and related products under one roof.
Investors can apply for the Vinit Mobile Ltd IPO through the ASBA (Application Supported by Blocked Amount) facility available via their bank's net banking portal or by using a UPI-enabled application offered by a registered stockbroker. Applicants should ensure that their PAN, Demat account and bank account details are updated before submitting the application. The application should be completed within the IPO subscription period and in accordance with the details specified in the Red Herring Prospectus (RHP). After submitting the application, the bid amount is blocked in the applicant's bank account until the allotment process is completed. Following the basis of allotment, shares are credited to the successful applicants' Demat accounts, while the blocked amount is released for unsuccessful or partially allotted applications. Investors may refer to the RHP and official exchange announcements for the latest information regarding the IPO schedule, allotment and listing.
For more details, visit the Vinit Mobile IPO page.
Details | Information |
IPO Date | June 30, 2026 to July 2, 2026 |
Issue Size | 21,60,000 shares (agg. up to ₹34.13 Cr) |
Price Band | ₹150 to ₹158 per share |
Lot Size | 800 shares |
Listing At | NSE SME |
Market Maker | Comfort Securities Ltd. |
Set up of new stores
Working capital requirements
General corporate purposes
Event | Date |
|---|---|
IPO Open Date | Tue, Jun 30, 2026 |
IPO Close Date | Thu, Jul 2, 2026 |
Tentative Allotment | Fri, Jul 3, 2026 |
Initiation of Refunds | Mon, Jul 6, 2026 |
Credit of Shares to Demat | Mon, Jul 6, 2026 |
Tentative Listing Date | Tue, Jul 7, 2026 |
Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jul 2, 2026 |
₹150 to ₹158 per share
Application | Lots | Shares | Amount |
Individual investors (IND) (Min) | 2 | 1,600 | ₹2,52,800 |
Individual investors (IND) (Max) | 2 | 1,600 | ₹2,52,800 |
S-HNI (Min) | 3 | 2,400 | ₹3,79,200 |
S-HNI (Max) | 7 | 5,600 | ₹8,84,800 |
B-HNI (Min) | 8 | 6,400 | ₹10,11,200 |
The Vinit Mobile IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Access your trading account using the trading platform.
Go to the IPO section to view active IPO listings.
Locate Vinit Mobile IPO in the list of available IPOs and click the ‘Apply’ button.
Specify the number of shares (lot size: 800 shares) at the price band of ₹150 to ₹158 per share.
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Submit the application and monitor the allotment status to check if shares have been allocated to you.
The allocation of shares in the Vinit Mobile IPO is structured across investor categories in line with applicable regulatory requirements. The issue provides defined reservations for qualified institutional buyers, non-institutional investors, and retail individual investors, with each category allotted a specified proportion of the net issue. This allocation framework outlines how the shares offered are distributed among different classes of investors.
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% |
This structure reflects the allocation approach as disclosed in the issue documents, indicating the proportion of shares available to each investor category.
Total Assets: Grew from ₹7.41 crore in FY24 to ₹13.34 crore as of March 2025.
Total Income: Recorded at ₹60.63 crore in March 2025, as compared to ₹28.59 crore in FY24.
Profit After Tax (PAT): Reported at ₹3.90 crore in March 2025, compared with ₹0.72 crore in FY24.
Net Worth: Recorded at ₹4.60 crore in March 2025 compared to ₹0.70 crore in FY24.
Reserves & Surplus: Stood at ₹4.59 crore in March 2025, as compared to ₹0.69 crore in FY24.
Total Borrowings: Stood at ₹3.04 crore in March 2025, as compared to ₹3.10 crore in FY24.
EBITDA: Stood at ₹5.72 crore in March 2025 in comparison to ₹1.05 crore in FY24.
The company's financial position has changed since the commencement of its current business operations, reflecting expansion in its operating scale.
Growth in total income indicates an increase in business activity during the reported period.
The company reported a profit after tax in the latest financial year, compared with its initial phase of operations.
Net worth strengthened during the period, supported by the company's financial performance.
Growth in reserves and surplus reflects the retention of earnings generated from operations.
The asset base expanded alongside the growth in business operations and retail presence.
Borrowings remained stable during the period, which may be associated with funding business expansion and operational requirements.
Operating performance improved during the reported period, indicating progress in the company's business activities.
Going forward, the company's growth prospects may be influenced by factors such as expansion of its retail network, demand for mobile devices and accessories, execution of its business strategy, working capital management and overall market conditions.
The company's business operations are currently concentrated in specific regions, which may expose it to changes in local market conditions, consumer demand and regional economic developments.
The mobile retail business operates in a segment influenced by changing consumer preferences, product life cycles, inventory management and working capital requirements, which may affect business performance.
The company's plans to establish new retail stores and utilise a portion of the IPO proceeds towards working capital may support the expansion of its business operations, subject to execution and market conditions.
Its presence in both retail and B2B mobile distribution, along with demand for smartphones, accessories and related products, may provide opportunities to expand its customer base within its operating markets.
Key Performance Indicator (KPI)
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 |
Registrar | Lead Manager(s) |
|---|---|
Bigshare Services Pvt. Ltd. | Comfort Securities Ltd. |
Plot no. 358, Ground, 1st & 2nd floor,
Gopal Nagar, Bamroli Althan Expressway,
Pandesara, Surat, Gujarat, 394221
Phone: +91 9227984148
Email: compliance@vinitmobile.com
Website: https://vinitmobile.in/
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Vinit Mobile IPO allotment status.
Mr. Vinit Jalan serves as the Promoter, Chairman & Managing Director of Vinit Mobile Ltd.
The Vinit Mobile IPO is scheduled to open for subscription on 30 June 2026 and close on 2 July 2026. Eligible investors can submit their applications during the subscription period in accordance with the timelines mentioned in the Red Herring Prospectus.
Vinit Mobile Ltd operates in the multi-brand mobile retail segment, offering smartphones, tablets and mobile accessories through company-owned retail stores. It also undertakes B2B sales to retailers and corporate customers and provides customer support through authorised service centres. The long-term sustainability of its business model may depend on factors such as consumer demand, execution of its expansion plans, inventory management, working capital requirements and overall market conditions.
The Vinit Mobile IPO comprises a fresh issue of 21,60,000 equity shares, aggregating up to ₹34.13 crore. The issue is proposed to be listed on the NSE SME platform, subject to the completion of the IPO process and applicable regulatory requirements.
The pre-apply facility enables eligible investors to submit an IPO application before the issue opens for subscription. The application is processed once the IPO becomes available for bidding. The amount is blocked only after the application is successfully submitted in accordance with the applicable IPO process and payment mechanism.
The lot size for the Vinit Mobile IPO is 800 equity shares. Retail investors are required to apply for a minimum of 2 lots, which is 1,600 equity shares, as specified in the offer document.
The tentative basis of allotment for the Vinit Mobile IPO is scheduled for 3 July 2026. The allotment process is carried out after the issue closes and in accordance with the applicable regulatory procedures.
Bigshare Services Private Limited has been appointed as the registrar to the Vinit Mobile IPO. The registrar is responsible for processing IPO applications, finalising the basis of allotment and handling investor-related queries concerning the issue.
No governance concerns or red flags have been indicated in the information provided. Applicants may review the company's prospectus for detailed disclosures related to its board, compliance practices, and management structure.
Eligible investors can apply through the ASBA facility available via their bank's net banking portal or through a UPI-supported IPO application provided by a registered stockbroker. Applicants need to enter the required bid details, complete the payment authorisation and submit the application before the subscription closes.
Yes. A valid Demat account is required to apply for the Vinit Mobile IPO because any shares allotted are credited electronically to the applicant's Demat account after the allotment process is completed.
After the basis of allotment is finalised, applicants can check their allotment status through the registrar's website or the relevant stock exchange. If shares are allotted, they are credited to the applicant's Demat account. If an application is unsuccessful or receives a partial allotment, the remaining blocked amount is released in accordance with the applicable process.
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