Vinit Mobile Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 1.00x | 21,600 | 21,600 | ₹0 Cr |
| NII (HNI) | 0.80x | 820,800 | 652,800 | ₹13 Cr |
| Retail | 2.18x | 1,209,600 | 2,640,000 | ₹19 Cr |
| Market Maker | — | 108,000 | — | ₹2 Cr |
| Σ Total | 1.62x | 2,052,000 | 3,314,400 | ₹32 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹126,400 |
| Retail (Max) | 13 | 10,400 | ₹1,643,200 |
| S-HNI (Min) | 14 | 11,200 | ₹1,769,600 |
| B-HNI (Min) | 67 | 53,600 | ₹8,468,800 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 56 | 61 | 29 |
| EBITDA | 8 | 6 | 1 |
| Profit After Tax | 5 | 4 | 71,990 |
| Net Worth | 10 | 5 | 1 |
| Total Assets | 25 | 13 | 7 |
| Reserves & Surplus | 6 | 5 | 1 |
| Total Borrowing | 6 | 3 | 3 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Set up cost of New Stores – 0.62
- Working Capital – 23.75
- General Corporate Purposes –
Company Overview
Incorporated in 2011, Vinit Mobile is a multi-brand mobile retail business. The company offers a wide range of mobile phones from leading brands such as Apple, Samsung, Vivo, Oppo, Xiaomi, Realme, Motorola, and OnePlus. In addition, the stores sell tablets, data cards, and mobile accessories, including earphones, chargers, power banks, screen guards, and mobile covers.
As of the date of this RHP, the company operates 35 company-owned and company-operated (COCO) retail stores across the Surat district, including Pandesara, Kadodara, Sachin, Amroli, Hazira, Sayan, Saroli, and Nilgiri.
The Company has tie-ups with financial institutions such as Bajaj Finserv, HDB Financial Services, and TVS Credit to provide EMI and financing options to customers, subject to approval. It also assists customers with after-sales service by coordinating with authorized service centers for warranty and repair support.
In addition to retail sales, the company also undertakes B2B bulk sales of mobile phones and accessories to small retailers and corporate customers.
Competitive Strengths
- Company Owned Company Operated Stores (COCO)
- Experienced Promoters and Management Team
- Multi-Brand Retailing and Partnership Opportunities
- Extensive Distribution Network in Surat
- Strategic Store Locations and Customer Experience
- Financial arrangements with financial institutions
- Innovative gift baskets to attract customers
- Centralized Inventory Management System
- Employee Training and After-Sales Assistance