Vinit Mobile Limited

Vinit Mobile Limited (New IPO): GMP, Profit, Price & expert review

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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.

Vinit Mobile Limited operates a robust network and 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.
It was incorporated on May 26, 2011, and is currently led by Mr. Vinit Ravi Shankar Jalan.

Vinit Mobile Limited has filed DRHP with SEBI for a proposed IPO consisting entirely as Fresh Issue of 2,160,000 Equity Shares & no Offer for Sale (OFS).

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:2,160,000 Equity shares
Fresh Issue:2,160,000 Equity shares
Offer for Sale:NIL
Price Range:TBA
Lot Size:TBA
GMPPending

Vinit Mobile Limited important data points

Revenue, PAT, EBITDA

YearFiscal 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:₹ –

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Borrowing payment~ ₹ 00 Cr
Working Capital Requirement~ ₹23.74 Cr
Opening new Stores~ ₹ 0.62 Cr
General Corporate PurposeBalance

Vinit Mobile Limited Financial Data

202320242025
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

Vinit Mobile Limited IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
11-Mar₹ –₹ –₹ –
10-Mar₹ –₹ –₹ –
09-Mar₹ –₹ –₹ –
08-Mar₹ –₹ –₹ –
07-Mar₹ –₹ –₹ –
Vinit Mobile Limited

Vinit Mobile Limited IPO Pros & Cons

Strengths:

  • 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.

Risks:

  • 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.

Vinit Mobile Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Mr. Vinit Jalan~49.80%
Mrs. Shweta Jalan~35.80%
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Vinit Mobile Limited Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Vinit Mobile Limited

Lead / Book Running Lead ManagersComfort Securities Limited
Registrar (RTA)Bigshare Services Private Limited

Vinit Mobile Limited FAQ

  • 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.
  • Vinit Mobile Limited is raising funds via IPO to set up new retail stores, meet working capital requirements, and cover general corporate expenses.
  • The issue size of the IPO includes 2,160,000 fresh equity shares and it is proposed to list on NSE Emerge.
  • Key risks include geographic revenue concentration in Gujarat, high market competition, and dependency on third-party brand reputations.
  • Upsides include high revenue growth, robust ROE metrics, strong Gujarat retail presence, and strategic store expansion.
  • Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once it opens for subscription.

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