Vinit Mobile's IPO was subscribed 1.58 times. The issue opened for bidding on 30 June 2026 and it closed on 2 July 2026. The price band of the IPO was fixed between Rs 150 to Rs 158 per share.
The IPO comprised 21,60,000 equity shares. The company intends to utilize the net proceeds for to establish new retail stores across strategic locations to enhance market presence and drive revenue growth, Funds will support day-to-day operational requirements, including inventory, vendor payments, and other short-term financial obligations and to meet general business needs such as brand development, technology upgrades, and other strategic initiatives to support overall growth.
Vinit Mobile operates a multi-brand mobile retail business with a network of 35 stores, offering smartphones from leading brands such as Apple, Samsung, Vivo, Oppo, Xiaomi, OnePlus, Motorola and Realme, along with tablets and mobile accessories including chargers, earphones, power banks, screen guards and covers. Besides retail sales, the company also caters to B2B customers by supplying mobile handsets and accessories in bulk to small and mid-sized retailers and corporate clients. As of May 31, 2026, the company has 46 employees.
The company recorded revenue from operations of Rs 55.36 crore and net profit of Rs 5.10 crore for the period ended 31st December 2025.
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Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
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