How to Apply for the Vinit Mobile IPO: Step-by-Step Investment Guide

    Summary:

     

    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.

    Vinit Mobile IPO Details and Objectives

    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. 

    Purpose of the IPO

    • Set up of new stores

    • Working capital requirements 

    • General corporate purposes 

    Timeline of Vinit Mobile IPO

    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

    Pricing & Lot Size of Vinit Mobile IPO

    Price Band for the IPO

    • ₹150 to ₹158 per share

    Minimum Lot Size and Application Details

    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

    Vinit Mobile IPO Application Process

    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:

    Step 1: Login to Your Trading Platform

    Access your trading account using the trading platform.

    Step 2: Navigate to the IPO Section

    Go to the IPO section to view active IPO listings.

    Step 3: Select the Open IPO and Click Apply

    Locate Vinit Mobile IPO in the list of available IPOs and click the ‘Apply’ button.

    Step 4: Enter the Quantity of Shares You Wish to Apply For

    Specify the number of shares (lot size: 800 shares) at the price band of ₹150 to ₹158 per share.

    Step 5: Provide Your UPI ID

    Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.

    Step 6: Confirm the Application

    Review your application details and confirm the UPI mandate before 5 PM on the last application day.

    Step 7: Complete the Process and Wait for IPO Allotment Status

    Submit the application and monitor the allotment status to check if shares have been allocated to you.

    Shares Offered in Vinit Mobile IPO

    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.

    Financial Health and Performance

    Key Financial Metrics

    • 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.

    Recent Performance and Growth Prospects

    • 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.

    Investment Risks and Opportunities

    Potential Risks of Investing in the IPO

    • 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.

    Opportunities and Growth Potential

    • 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

    Vinit Mobile IPO Registrar & Lead Managers

    Registrar

    Lead Manager(s)

    Bigshare Services Pvt. Ltd.

    Comfort Securities Ltd.

    Company Address of Vinit Mobile 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.

     

    Frequently Asked Questions

    Published Date : 22 Jun 2026

    Disclaimer :

    Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.


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    Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



    This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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