Vinit Mobile
OPENIPO Date: 30 Jun - 2 Jul 2026
Listing Date: 7 Jul 2026
Price Range
Rs.150 - Rs.158
Issue Size
34 Cr
Min Investment
₹1,20,000
Lot Size
800 Shares
Schedule of Vinit Mobile
Issue open date
30 Jun 2026
Issue close date
2 Jul 2026
UPI mandate deadline
2 Jul 2026 (5 PM)
Allotment finalization
3 Jul 2026
Share credit
6 Jul 2026
Listing date
7 Jul 2026
Mandate end date
17 Jul 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 34 Cr |
| Fresh Issue | 34.13 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 3 Jul 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|
Performance Vinit Mobile
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.150 - Rs.158 | .... | .... | .... |
About Vinit Mobile
Vinit Mobile Limited is a multi-brand mobile retail company that sells mobile phones, tablets, and mobile accessories through its company-owned and company-operated (COCO) retail stores. The company operates 35 retail outlets across Surat district, Gujarat, and Jaipur district, Rajasthan, under the brands Vinit Mobile Limited, VR Mobile, and RJ Mobile. It offers smartphones from brands such as Apple, Samsung, Vivo, Oppo, Xiaomi, OnePlus, Motorola, and Realme, along with accessories including chargers, earphones, power banks, smartwatches, screen guards, and mobile covers. The company also facilitates customer financing through third-party financial institutions, provides after-sales assistance through authorised service centres, and undertakes bulk B2B sales of mobile phones and accessories to retailers and corporate customers. Store operations, inventory management, billing, and customer engagement are managed through its centralised APX ERP software platform.
| Founded in | 2011 |
| Managing director | Mr. Vinit Jalan |
| Parent organization |
Financial Overview
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.
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.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |