Vinit Mobile IPO
Price band
₹150 – ₹158
Lot size
800 shares
Min investment
₹1,26,400
Issue size
₹34.13 Cr
IPO schedule
| Open date | 30 Jun 2026 |
| Close date | 2 Jul 2026 |
| UPI mandate cut-off | 2 Jul 2026 |
| Allotment finalisation | 3 Jul 2026 |
| Refund initiation | 6 Jul 2026 |
| Shares credited to demat | 6 Jul 2026 |
| Listing date | 7 Jul 2026 |
| Mandate end date | 17 Jul 2026 |
| Anchor lock-in (50%) | 1 Aug 2026 |
| Anchor lock-in (remaining) | 30 Oct 2026 |
About Vinit Mobile
Vinit Mobile Limited is a multi-brand mobile retail company engaged in the sale of mobile phones, tablets and related accessories through its Company-Owned and Company-Operated (COCO) retail network. The company operates 35 retail stores across the Surat district of Gujarat and the Jaipur district of Rajasthan. It offers products from leading smartphone brands such as Apple, Samsung, Vivo, Oppo, Xiaomi, Motorola, OnePlus and Realme, along with accessories including chargers, earphones, power banks, screen guards and mobile covers. The company primarily generates revenue from retail sales to individual customers, while also supplying mobile handsets and accessories in bulk to small and mid-sized retailers and corporate customers. Its centralised operating model uses an in-house ERP platform for inventory management, billing and store operations. The company also facilitates consumer financing through financial institution partners and provides after-sales support through authorised service centres.
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.
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