Q1. What is the business of Vinit Mobile Limited?

Vinit Mobile Limited is a one-stop destination for mobile phones and electronics and is known for offering the latest devices, competitive prices, and a customer-first approach.

Q2. Why is the company raising funds via IPO?

Vinit Mobile Limited is raising funds via IPO to set up new retail stores, meet working capital requirements, and cover general corporate expenses.

Q3. What is the size of the issue and where will it list?

The issue size of the IPO includes 2,160,000 fresh equity shares and it is proposed to list on NSE Emerge.

Q4. What are the key risks to an investor?

Key risks include geographic revenue concentration in Gujarat, high market competition, and dependency on third-party brand reputations.

Q5. What are the potential upsides?

Upsides include high revenue growth, robust ROE metrics, strong Gujarat retail presence, and strategic store expansion.

Q6. How to apply for the IPO?

Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once it opens for subscription.

Vinit Mobile Limited

Upcoming

Vinit Mobile Limited

Market Cap

—

IPO Issue Size

“Up to 2,160,000 Equity Shares”

Expected Price by IPOCorner

—

IPO Score

*Score varies on actual price

Vinit Mobile Limited is a prominent multi-brand retail chain specializing in smartphones, tablets, and accessories from global leaders like Apple and Samsung. Operating over 32 company-owned stores across Gujarat, the firm leverages strategic tie-ups with financial institutions to offer EMI options, alongside comprehensive after-sales support. To fuel its next growth phase, the company filed a Draft Red Herring Prospectus (DRHP) in late 2025 for an SME IPO on the NSE SME platform. The issue comprises a fresh offering of 2,160,000 equity shares with a face value of ₹10 each. Proceeds are earmarked for establishing new retail outlets, meeting working capital requirements, and general corporate purposes, reflecting its 112% revenue growth in FY2025.

Vinit Mobile Limited was incorporated on May 26, 2011.The company is currently led by Mr. Vinit Ravi Shankar Jalan.

Vinit Mobile Limited specializes in the retail of premium smartphones (Apple, Samsung, OnePlus), tablets, and smart gadgets. Its core offerings include a vast range of mobile accessories, flexible EMI financing through partnerships with Bajaj Finserv and HDB, and comprehensive after-sales support and repair services across Gujarat.Vinit Mobile Limited operates a robust network of 32 retail stores primarily concentrated in Surat and across Gujarat. It holds a dominant local market share in South Gujarat, reaching thousands of customers annually through its high-visibility outlets, specialized Samsung/Mi cafes, and extensive presence on the NSE SME platform.

Subscription date to apply for Vinit Mobile Limited is yet to be announced. Price band for the IPO is yet to be declared.

"Up to 2,160,000 Equity Shares"

Fresh Issue

"Up to 2,160,000 Equity Shares"

Year	2025
Networth	₹ 4.6 Cr
Revenue	₹ 59.98 Cr
EBITDA	₹ 5.71 Cr
PAT	₹ 3.90 Cr
EBITDA Margin	9.53%
PAT Margin	6.44%
Face Value	Rs.10 per Equity Share

IPO Important Dates

#	Date
Open Date	TBA
Close Date	TBA
Anchor Investor Bidding	TBA
Allotment Date	TBA
Refunds& Demat Credit	TBA
Tentative Listing Date	TBA

Use Of Proceeds

Purpose	Amount
Working Capital Requirement	~ ₹23.74Cr
Opening new Stores	~ 0.62 Cr
-	-
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	₹ 0.002	₹ 28.56	₹ 59.98
PAT (₹ Cr)	₹ -0.060	₹ 0.71	₹ 3.90
Asset (₹ Cr)	₹ 0.006	₹ 7.08	₹ 12.53
Net Worth (₹ Cr)	₹ -0.195	₹ 0.70	₹ 4.60

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
23-Aug	₹ –	₹ –	₹ –
22-Aug	₹ –	₹ –	₹ –
21-Aug	₹ –	₹ –	₹ –
20-Aug	₹ –	₹ –	₹ –
19-Aug	₹ –	₹ –	₹ –

Pros

Strong Growth: Reported an impressive 110% revenue increase and 440% profit growth in FY 2024-25.
High Profitability: Maintains a very healthy Return on Equity (ROE) and Return on Capital Employed (ROCE).
Expansion Strategy: IPO proceeds are specifically earmarked for setting up new retail stores to increase footprint.
Customer Incentives: Offers varied financing options and EMI facilities to attract a broad retail customer base.
Operational Efficiency: Demonstrates an efficient cash conversion cycle, effectively managing inventory and vendor payments within stores.

Cons

Geographic Concentration: Business is heavily concentrated in Gujarat, specifically Surat, making it vulnerable to local downturns.
High Competition: Operates in a fragmented market facing intense competition from large-scale organized retail and e-commerce.
Brand Dependency: Success relies heavily on the reputation of third-party global brands rather than proprietary products.
Limited Track Record: As a relatively young company (founded 2020), long-term historical financial stability is unproven.
SME Listing Risks: Listing on the NSE SME platform typically involves lower liquidity and higher volatility risks.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Mr. Vinit Jalan	49.80%
Mrs. Shweta Jalan	35.80%
-	-
-	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
HNI (Min)	–	14	–	₹ –
HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Key Performance Index (KPI)

ROE	00
ROCE	00
RoNW	00

Lead / Book Running Lead Managers

Comfort Securities Limited

Registrar (RTA)

Bigshare Services Private Limited

Q1. What is the business of Vinit Mobile Limited?
Vinit Mobile Limited is a one-stop destination for mobile phones and electronics and is known for offering the latest devices, competitive prices, and a customer-first approach.
Q2. Why is the company raising funds via IPO?
Vinit Mobile Limited is raising funds via IPO to set up new retail stores, meet working capital requirements, and cover general corporate expenses.
Q3. What is the size of the issue and where will it list?
The issue size of the IPO includes 2,160,000 fresh equity shares and it is proposed to list on NSE Emerge.
Q4. What are the key risks to an investor?
Key risks include geographic revenue concentration in Gujarat, high market competition, and dependency on third-party brand reputations.
Q5. What are the potential upsides?
Upsides include high revenue growth, robust ROE metrics, strong Gujarat retail presence, and strategic store expansion.
Q6. How to apply for the IPO?
Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once it opens for subscription.